What document is necessary when purchasing a property that includes additional items?

The necessity of a Bill of Sale when purchasing a property that includes additional items stems from its role as a document that formally transfers ownership of personal property. In real estate transactions, when the sale includes not only the real estate itself but also personal items such as appliances, furniture, or other goods, a Bill of Sale becomes important.

This document provides clear evidence of the transfer of ownership for these additional items and outlines what is included in the sale. It helps to prevent misunderstandings between the buyer and seller about what exactly is being purchased. The importance of distinguishing between real property (land and buildings) and personal property (movable items) reinforces the need for a Bill of Sale in transactions where personal property is involved, ensuring that both parties agree on which items are included in the sale.

In contrast, other documents mentioned, such as the Contract of Sale, primarily focus on the terms and conditions of the sale of real estate itself, and the Title Deed serves as legal proof of ownership for the property. A Mortgage Agreement pertains to financing and does not cover the transfer of personal property.