When selling property that includes personal property, which additional documents are typically required?

When selling property that includes personal property, a bill of sale is essential because it provides a written record of the transaction for the personal items being included in the sale. This document serves to officially transfer ownership of the personal property from the seller to the buyer. Including a trust document can also be relevant when the property sale involves a trust situation, guiding how assets, including both real and personal property, are managed and transferred in accordance with the trust’s terms.

The other options listed do not provide the same level of relevance to selling personal property. A warranty deed is related to transferring ownership of real estate, not personal property. The same goes for a mortgage agreement, which is relevant only when financing a home, not necessary for personal items. An inspection report and appraisal are helpful for evaluating the condition and value of the property but do not specifically address the transfer of personal property. Lastly, a promissory note and purchase agreement pertain primarily to the financing and terms of the sale of real property, not personal goods. Therefore, the inclusion of a bill of sale alongside any necessary trust documents adequately covers the legal requirements for transferring personal property with a real estate transaction.