A document that details the transfer of personal property from a seller to a buyer.
You may have to provide a bill of sale to verify the sale of assets other than real estate.
Asset already sold
Make sure documentation includes:
- Sale date and price
- Sold-asset description
- Buyer and seller signatures
- Copy of buyer’s check or bank statement verifying deposit of proceeds from the sale
Asset not yet sold
Make sure documentation verifies:
- Proof of ownership
- Appraised value
- Buyer’s intent to purchase
The appraised value should be made by a qualified person with no financial interest in the transaction.
Tips for a smoother application process
- Make sure documents are clear and legible.
- Don't alter any pages (no strikethroughs, cross-outs, etc.).
- Send all pages, even the blank ones.
