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For example, a merchant would use a general website for items like clothes or rugs.

Sellers must use advertising services that attract the right audience. Therefore, taking time to research the item and its market value can help you prepare it as needed. In some cases, the buyer purchases an item to fix or upgrade it themselves. For example, the merchant can increase the worth of their personal property by repainting it, replacing parts, or updating pieces. The preparation method depends on the object, age, condition, and value. Often, sellers who prepare the item before listing receive a more significant profit and have an easier time selling. If notarization is required, the buyer and seller must wait to sign until they are in front of a notary public.įollow the steps listed below to prepare, list, and sell personal property to a buyer. Notarization: This section is optional as requirements vary by state.Once signed, the buyer becomes the new owner of the item. Signatures: Through signing, the buyer and seller agree that the information in the form is correct.Payment: Serves as a record of the sale price, method of payment, and tax amount.Property information: By entering the serial number, color, brand, make, year, and model, anyone can locate the item if needed.Contact information: The buyer and seller enter their name, address, phone number, and email to prove their identity and give others a method of contacting them after the transaction.Date of Sale: The form must have the day the sale occurred.When writing a general bill of sale, be sure to include the following: Instead, a general bill of sale is appropriate for video games, consoles, and jewelry. Both parties use this form for non-specific objects that do not fall into another category, such as snowmobiles, cars, or tractors. A general bill of sale is a document that acts as a receipt when selling an item to a buyer.