![]() Bills of sale are also excellent tools for recordkeeping that you can pull out when it’s time to pay taxes, get insurance, or resell the property.įinally, a bill of sale gives both the buyer and seller a level of peace of mind and protection. The buyer is responsible for registering the property with the proper agency.Ī bill of sale can help prove the transfer of ownership if there is no title available or if you purchase a vehicle from another state. After closing the deal on a sale, it’s the seller’s responsibility to transfer the title to the new owner. Many items, such as vehicles, require a title in Colorado. While a bill of sale isn’t a legal requirement to buy and sell property in Colorado, it’s a good idea for buyers and sellers to create one. Here’s what you need to know: Why Use One? While not required by law, a bill of sale might be essential to safeguard your interests and keep your records straight. In-person signatures are always valid, but you can also use PandaDoc to obtain a legal digital signature.Ī Colorado bill of a sale is a document that memorializes the exchange of ownership of a piece of personal property. Signature/Certification: The signature of the seller and/or buyer.As-is: Indicates that the item was sold as-is and without any warranties.Description: A description of the property being sold, including make, model, year, and VIN.Sales tax: Indicates whether or not sales tax was collected.Price: The price paid for the property.Date of sale: The date that the sale took place. ![]()
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