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Anytime you sell a property, there must be a purchase agreement. The buyer is able to occupy the home after the closing of the sale, but the seller still retains legal title to the property.To change ownership of a vehicle, the designated owner and recipient must complete a vehicle title transfer with the DMV. Federal and State law requires that you state the mileage in connection with the transfer of ownership. This must be done at the time of purchase. If you have a contract question, please consult your Broker or a licensed Attorney. AND JOINT ESCROW INSTRUCTIONS. (NON-RESIDENTIAL). (C. You will receive your new registration before this check is complete.