Estate sales contract template – At any time you sell something with somebody, you will need to set up a contract. This contract provides protection to you, the seller, and also to the purchaser. Adding information that will protect the buyer will also attract the purchaser into probably agreeing into phrases.
The basic information which ought to be in this contract is the make and model, the cost, and contact information for both parties. The market item contract should also include a disclosure about the item, including a listing of items that you know need to be fixed. You should also include a phrase stating that the product is being sold as is, unless of course you’ve agreed to perform repairs prior to the final sale.
If you’re selling your privately and you opt to accept a delayed payment, you will have to include all information concerning the payment in your sell item contract. This information should include the amount of money to be paid, how many installments will be made, once the payments will be made, and when the final term of the contract ought to be fulfilled. The item sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the arrangement should be breached.
In addition to the model and price, the item sell agreement should state whether the item has a clear title, and in what state the product is titled in. In most states it’s legally required to have a clear title in order to sell a product for whatever aside from simply parts. If your item does not have a clear title, make sure the contract clearly states this fact, and that the merchandise is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should be given a copy. Some states require a notary as well, so be sure to check your local laws. You can also find templates for sell item contracts easily through free legal form sites or Microsoft template websites. Have a look the sample of estate sales contract template below at the attachment page.