Generic Bill of Sale Form - New Mexico

Do You Need a Bill of Sale in New Mexico?

The New Mexico authorities do not require you to complete the document when selling or buying any minor property. However, you are strongly advised to do it when your deal includes any costly things. If properly completed, the New Mexico Bills of Sale has multiple purposes:

• Serves as a purchase receipt;
• Releases the seller from the responsibility for the sold item and its further use;
• Proves the indicated buyer is a new owner of the described item now;
• Contains important details about the sold item;
• Protects the legal interests of both parties of the sale;
• Serves as valid proof that substantiates the fact of the transfer of the described item.

To protect the interests of both the seller and the buyer, the document should contain the following information:

1. Full name and address of the seller (you may add more contact information if you need, e.g. email or daytime phone number);
2. Full name and address of the buyer;
3. The detailed description that allows identifying the transferred item clearly, like the make, model, year, size, color, serial number, and other important information. If you add any accessories to the item, list and describe them as well;
4. If the item you sell has any defects you are aware of, tell the buyer about them and list them on the document;
5. Sales price. It is better to indicate the price both in words and digits;
6. Date of sale;
7. Additional terms of sale if any;
8. Signatures of both parties.

The document does not require notarization in order to be valid. However, if you want to add an extra layer of protection to your deal, you may ask a notary public to certify your document. Fill out the form in two original copies. Give one to the buyer and keep the second for your records.

Not the form you were looking for? Check out these related forms:

• Other universal Bills of Sale by state;
• Bills of Sale for vehicles, boats, and firearms for the state of New Mexico.