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New Mexico Residential Purchase Agreement

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Updated July 09, 2025

A New Mexico residential purchase agreement is a legal document binding the seller and the potential buyer of a residential property. It outlines the buyer's offer amount as well as the expiration date and other terms and conditions. Once signed by both parties, it becomes a legally binding document.

State Laws

Property Tax Levy Estimate – Prior to accepting an offer, the seller must request a property tax levy estimate from the county assessor and provide a copy to the buyer.[1]

Disclosures Not Required – The seller is not required to disclose any information about whether any deaths, homicides, or other felonies have occurred on the property in the past.[2]

Broker Duties – The broker is legally required to provide a written disclosure of any known adverse material facts about the property or the transaction.[3]

Seller’s Disclosures (4)

Seller’s Property Disclosure Statement (conditional) – If the property is listed with a broker, there is a requirement that any known material defects on the property must be disclosed.

Download: PDF

Estimated Property Tax Levy Disclosure (required) – This form must be completed and signed by the local county assessor to be shared with the buyer.

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Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[4]

Download: PDF

Lead-Based Paint Disclosure (conditional) – When selling a property that was constructed before 1978, sellers must provide buyers with this disclosure statement and reveal their knowledge of any lead-based paint used on the property.[5]

Download: PDF

Sample

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