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New Mexico Residential Purchase Agreement

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.
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Required Disclosures (3)

Lead-Based Paint Disclosure – 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.

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Seller’s Property Disclosure Statement – If listed with a broker, there is a requirement that any known material defects on the property must be disclosed.[1]

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Estimated Property Tax Levy Disclosure – The seller must have a county assessor estimate the property tax levy of the property and provide a copy of the assessor’s response to the purchaser. This form must be signed by the local county assessor.[2]

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