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Click ‘Get Form’ to open the nm bill sale in the editor.
Begin by entering the seller's information, including name and address, in the designated fields. This ensures that all parties are clearly identified.
Next, provide the buyer's details in the corresponding section. Accurate information here is crucial for a valid transfer of ownership.
Fill in the description of the asset being sold. For example, if it’s an automobile, include make, model, VIN number, and any relevant odometer readings.
Specify the sale price in the appropriate field. This should reflect the agreed amount between buyer and seller.
Finally, both parties should sign and date the document. If required, ensure that signatures are witnessed or notarized as per state regulations.
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While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are not required for the purchase of boats or motor vehicles in the state of New Mexico unless the title is missing. You can use the form the state of New Mexico provides (MVD 10009), or you can draft your own.
How do I do a handwritten bill of sale?
When you sell something like that, your bill of sale will include basic information like: Seller name and contact information. Buyer name and contact information. Description of the item(s) youre selling. Price of the item(s) youre selling. Date the sale was made. Space for the buyer and seller to sign.
What do I need to transfer a car title in NM?
Describe the item - include a detailed item description. If you are writing a bill of sale for a car, then make sure to include the vehicle identification number (VIN), serial number, odometer reading, body type, or other identifying information.
Is a bill of sale required in New Mexico?
For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
Do I need a lawyer for a bill of sale?
The Bill of Sale serves as proof of ownership and can be used for any disputes or misunderstandings regarding the transaction. This is why it is important to hire a lawyer for this purpose, especially in complex or high-value transactions.
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How to Complete a New Mexico Bill of Sale Identify the parties involved: Clearly state the full names and addresses of the buyer and the seller. Describe the vehicle: Include the vehicles year, make, model, and VIN. Record the sale details: Note the purchase price, the date of the sale, and the odometer reading.
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Buyer must take the completed form MVD-10009 Bill of Sale, the form MVD-10030 Certificate of Title and/or form MVD-10032 Boat Certificate of Title and/or other
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