Many houses in Albuquerque were built in the 1970s or earlier, so lead revelations are an essential part of any agreement. This form is detailed on lead paint: Lead Paint Info Sheet. Here is also a brochure of lead paint from the EPO: Lead Paint and Your Family. And finally, if your home was built before 1978, no sales contract can be executed before filling it out and the potential buyer reads and signs: Lead Paint Addendum Here is the basic list contract: Exclusive right to sale In New Mexico, sellers are required to disclose any known material defects on the land to the buyer. This disclosure should be communicated to the purchaser prior to the signing of the sales contract. Residential sales contracts generally contain promises and provisions that guarantee the condition of a property. Many states legally require sellers to deivate explicit information about the condition of a property. In states where this is necessary and where a seller deliberately conceals such information, they may be prosecuted for fraud. If you decide to sell your home, you will need to check and sign a number of forms, including list agreements, various disclosures and Addenda. If an offer is received, you will eventually check and sign other forms.
Believe me, we would like it to be made of a single page, but in this day and age it cannot. If you are selling a home with a well, this one is important: Now Info Sheet Estimated Land Tax Advertising (No. 47-13-4) – Seller must estimate a county property tax expert and a copy of the expert`s response to the buyer. This form must be signed by the local district councillor. The residential purchase agreement in New Mexico describes the transfer of ownership, the amount of money to be paid to the seller, how the buyer presents the compensation and all other details that clarify the rights and obligations of both parties. Finally, and for you the seller, most importantly, you are waiting for an offer on your home. If your home is cheap and well marketed, this offer could arrive fairly quickly. You would be advised to check a sales contract before this offer arrives so that you can focus on important issues of price and contingencies rather than trying to pick through all the “boiler plates”. This form is the one you will most likely see: Residential purchase contract A contract to purchase and sell residential real estate in New Mexico is a form filled out by the seller of an apartment and a potential buyer of that property. The form indicates the offer of monetary policy and the terms of the buyer, as well as the closing date of the offer.