Use this contract for sale or purchase of personal property. Whether you’re selling a car, motorcycle piece of art, furniture, caravan or jewelry, sound gear, electronic equipment or any moveable property, you should use a proper contract to record the transaction. Contact for more details.
A contract for the sale of goods can help you with the constantly rising cost of living these days a lot of Aussie households are under pressure. Most groceries have risen by over 20% and the petrol price cycle is unacceptable, but the government is just allowing it to happen.
Mortgages have already seen the cash rate increase f and renters are also paying more. By selling your unwanted goods to get a bit of extra cash in the bank helps out with the budget.
What is a contract for sale of goods?
A contract for sale of goods is a legal document that details the transfer of ownership of an item between a seller and purchaser. It includes the date and location of the transaction, as well as the amount of money offered in exchange for the goods being sold.
It is a simple document that records a private sale between two people a seller and a purchaser. The seller (or vendor) is the individual or company selling the goods.
The purchaser (or buyer) is the individual or company giving money in exchange for the goods.
When should you use a contract of sale ?
A contract for sale serves as a receipt and transfer of legal ownership where payment is made in full as soon as goods are transferred from a seller to a buyer.
In a contract of sale, goods are accepted “as is – where is” which means the buyer accepts the goods in their current condition, including any defects. There is no warranty given by the seller for the condition of the goods and it is up to the buyer to ensure property is in the good and usable condition that they want.
If there is something wrong with the property that is discovered after the sale, it’s the buyer’s responsibility as soon as they leave with the goods – unless there is some fraud or misrepresentation on the part of the seller.
What can you use a contract of sale for?
A contract of sale is for simple, straight-forward sales on items such as automotives, equipment, animals, or other personal property. It should not be used for transactions involving land or real estate or personal services.
A contract of sale can be used to transfer ownership of goods such as:
- Appliances
- Cars
- Boats
- Equipment
- Furniture
- Livestock
- Personal Items
- Domestic animals
A contract of sale includes information such as:
- The full names and address of the buyer and seller
- A statement that transfers ownership of the item from the seller to the buyer
- A complete description of the item being purchased
- A clause indicating the item is sold “as-is”
- The item’s price (including sales tax)
- The form of payment
- When writing an item description, it’s important to include all identifying features, such as the make, model, colour, and any identification numbers (serial numbers, odometer readings, etc.) or other notable markings.
Why is a contract of sale important?
A contract of sale is a legal document transferring ownership and used as evidence to prove an item was sold from one person to another and the legal ownership of that item. In the case of a dispute, the document can protect both the seller and the purchaser: the seller can prove the item was sold “as is,” and the purchaser can prove payment was made in full.
For instance, if a car is sold without any documentation, the seller may be responsible for any speeding fines or accidents associated with the car. You will need a contract of sale to prove ownership to register a vehicle in some states.
A contract of sale can be used when you sell your property through:
- Facebook Marketplace for local, social selling to your social media community. Local Classifieds Garage Sale Gumtree
7 quick tips for a better sale:
You need a camera phone
Take measurements
Describe in detail
Disclose any defects
Use those search engine keywords
Reviews
There are no reviews yet.