I asked a similar question about a month and a half ago but the thread must have been lost after the "incident." Anyways, I'll let you know what I did.
The buyer and I agreed on terms of the sale and drew up the bill of sale. Both of us signed. He went and got insurance for the car. Then he went to the registries office and registered the car. Got his own plates (I kept the old one). Shook hands and he drove off with the car.
If I had to do it all over again, I would change the terms of the sale. Because the buyer was a friend of a friend, I took him on his word he would be good for the payments. We set up an installment payment plan and I haven't got a dime yet. I'm a bit ****ed on principle but the car wasn't worth much and I've been haven't had to pay insurance on the car so...
In regards to your actual question though, I wouldn't be signing the bill of sale until you get the cash/certified cheque. After the money exchanges hands and the bill of sale is signed, as far as I'm concerned the rest is up to him. You could go with him to the registries office but it's not necessary. Some agents can be a little sticky about having the portion of the registration that you sign when you sell the car though, so keep that in mind. You can transfer the plate over to the buyer or he can get his own plates. Up to you guys.
Hope that helps. I know when I asked my questions there were a few really helpful posters here that gave me some answers. Maybe they can come through for you too...
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