A Wisconsin Bill of Sale is a legal document composed and signed during the sale of various types of property in Wisconsin. It serves as proof the ownership transfer took place and contains essential information about the transaction itself, the transferred item, and both parties of the deal.
Is a Bill of Sale Required in Wisconsin?
It is required to fill out the bill of sale when you are selling and buying vehicles, real estate, or manufactured homes. It is not mandatory when you transfer other kinds of items, but consider completing this document anyway - it proves the buyer is the new owner of the property and releases the seller from responsibility for the sold item.
The State of Wisconsin Bill of Sale forms can be divided into four main categories:
- Generic. Use this document to sell and buy personal items. There are no government-released forms available, but any template is valid as long as it meets all mandatory requirements;
- Vehicle. The main form used to record sales of motor vehicles in Wisconsin is the government-issued Form MV2928, Instructions for Selling a Vehicle. If your vehicle is junked, complete Form MV2459, Junked Vehicle Bill of Sale;
- Boat. It is completed to record the transfer of all kinds of watercraft;
- Firearm. Fill it out during the sale of both the long guns and the handguns within the state of Wisconsin.
Additional state-issued forms include:
- Form WB-25, Real Estate Bill of Sale issued by the Department of Safety and Professional Services is the official document used to sell and buy real property;
- Form SBD-10696, Statement of Manufactured Home Transfer issued by the Department of Safety and Professional Services is used to document the transfer of any mobile and manufactured home.
Wisconsin Law on Bill of Sale
Generally, a Bill of Sale in Wisconsin includes the following terms and conditions:
- Information about the seller and the purchaser. You must clearly identify both parties and include their physical addresses and phone numbers;
- Description of the sold property. State all the relevant details necessary to identify the item properly: its color, size, serial number, model, make, and other characteristics the parties deem important. It is possible to list the defects of the item in this section as well;
- Price of the item. Also, indicate the chosen method of payment;
- Date and location of the sale;
- Signatures of the parties or their legal representatives.
Write your bill of sale in plain language so that all parties will understand its provisions. Make two original copies of the document for each party. There is no legal requirement for the bill of sale to be notarized in Wisconsin, however, the seller and the purchaser may agree to visit a notary public to add a notary seal for further protection against third parties.
Form MV2928 - or the Wisconsin Vehicle Bill of Sale - is a form released by the Wisconsin Department of Transportation and used to record the sales of motor vehicles within the state.
Form MV2459 is a Bill of Sale used to record the transfer of a junked vehicle in the state of Wisconsin.
This form, also known as the Wisconsin Mobile Home Bill of Sale, is a legal form that accompanies the sale and purchase of a manufactured home within the state of Wisconsin.