Real Estate Purchase Agreement Template - New Mexico

A New Mexico Real Estate Purchase Agreement is a document that states the order of actions to implement a real property purchase. This contract provides information about parties, contains a property description, its purchase price, and the details of closing the transaction. The essential part of the agreement is information about closing costs. Specify that a seller should pay on or before the transaction closing date all escrow or closing fees, all transfer taxes, and conveyance fees.

The contract should contain details of the delayed closing. Indicate that the transaction closing may be extended and specify the number of additional days for the extension. Provide probable reasons for the delay. For example, you may mention that the extension can be necessary if the purchaser's lender requires additional documentation or information. Parties should also state that the delivery and acceptance of a general warranty deed will constitute full compliance with the terms and conditions contained in the agreement.

New Mexico does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own New Mexico Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

A Property Disclosure Statement is not needed by law but is recommended to inform the buyer of any material issues or defects that may exist in the area of the real estate in question. Also, a filled-out and notarized Lead Disclosure is required for all residential properties built before 1978.