Sometimes they must be notarized, sometimes witnessed and sometimes none of the above or both
Typically, and instrument affecting title to real property, that is recordable, needs to be notarized. In CA the DMV does not require notarization of car titles but AZ does. It depends on the requirements of the law, the governmental agency or non-governmental entity that you are dealing with. You should call your state’s DMV and ask them. There are an infinite number of vairations from state to state.
Typically wills need to be witnesses but not notarized. Again there may be a mulitiude of exceptions. Refer to state law on this too.
A lot of times people, entities, or documents ask for either or both but, it isn’t required by law. Its just their policy.
The only definite answer to your question is that it depends (I think).
I am in Florida and the DMV just needs the title signed over to me to purchase. I also had the seller sign a contract to purchase which describes what appliances are warranted to work.
Is there a need for the Bill of Sale in this case?
A bill of sale is just basically a receipt for purchasing something. If you normally dont’ want receipts when you buy things then you might not care about a bill of sale.
Personally I think it is always a good idea to get either a receipt or a bill of sale. A title might suffice for your state’s DMV but the IRS may want actual proof of payment, and something that shows the amount paid for tax purposes. Its not so hard to steal a title or get a duplicate one but a bill of sale is a horse of a different color.
I bought a 1980 Champion SW 2br/1.5 bath mobile for $1500. This will be my first deal, but I think with only paying $1500 I will be able to make more mistakes and still make some money.
She thought it was an '84 but it is actually an '80. I didn’t think I could make it work at her asking price of 3K so I called her back and told her the best we could do is 1K and I didn’t even think she would be able to accept that.
Well she called back and said she would do it for 1500 and out of that she only got ~700 as it was back due $800 in lot rent.
The inside is really good for the age of the home. The owner had put in new appliances and flooring. The outside is looking its age, but really not too bad either.
