The New Mexico purchase agreement validates the terms of a real estate transaction. The form records details about the buyer, seller, purchase price, conditions, contingencies, and state-mandated disclosures. If the buyer and seller negotiate mutually-satisfying terms, they may sign the document to establish a legally-binding contract.
Required Disclosures
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Homes built in or before 1978 carry an additional disclosure requirement to inform of possible lead-based paint contamination on the property.
Seller’s Property Disclosure – The provided form allows the seller to notify a purchasing individual of any structural or environmental issues correlated with the sale residence. The state of New Mexico does not mandate the disclosure, but it is suggested to assure the condition of the property for the buyer before the conclusion of the sale.
County Assessor’s Property Tax Levy Request and Certificate (§ 47-13-4) – An estimation of the property tax associated with a piece of real estate, along with any current levies, be furnished prior to sale. This can be obtained from a county assessor per a digital or physical response, along with an authenticated certificate.
Realtor Version
Realtor’s Association of New Mexico Real Estate Contract – PDF