Property Disclosure Statement Form - New Mexico

Property Disclosure Statement Form - New Mexico

The Property Disclosure Statement Form in New Mexico is used to disclose any known defects or issues with a property being sold. It is intended to provide important information to buyers about the condition of the property.

In New Mexico, the property disclosure statement form is typically filed by the seller of the property.

FAQ

Q: What is a Property Disclosure Statement?
A: A Property Disclosure Statement is a document that provides information about the condition and history of a property to potential buyers.

Q: Why is a Property Disclosure Statement important?
A: A Property Disclosure Statement is important because it helps buyers make informed decisions about a property and understand any potential issues or risks.

Q: Who fills out the Property Disclosure Statement?
A: The seller is responsible for filling out the Property Disclosure Statement.

Q: What information is included in a Property Disclosure Statement?
A: A Property Disclosure Statement typically includes information about past repairs, renovations, known defects, environmental hazards, and other relevant details about the property.

Q: Is a Property Disclosure Statement required in New Mexico?
A: Yes, a Property Disclosure Statement is required in New Mexico for residential real estate transactions.

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