How To Sell An Asset For Cash When Buying A House…

If you need more cash to finalize a real estate transaction and decide to sell an asset, such as a boat for example, here’s how to do it, and properly document for your mortgage company…

You must create a bill of sale reflecting the date of sale, an asset to be sold, and the sales price.

The buyer’s and seller’s signatures are required on the bill of sale.

Copies of all checks and deposit slips are also needed.

A picture of the item sold is also helpful.

That’s it for today!

Have a good day! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

My Previous Blog Posts