New Mexico Real Estate Purchase Agreement Template

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The New Mexico purchase agreement validates the accord between a buyer and seller of a particular parcel of real estate for an agreed-upon amount. The written register creates a contract and stipulates the negotiated terms to the exchange of real estate and can be amended before signing to meet the requests of the seller and purchaser. The legal account includes details for the buyer, seller, purchase price, conditions, contingencies, and mandated state disclosures. The final accepted offer can be signed by the participating parties to submit the 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 ContractAdobe PDF