New Mexico Seller's Disclosure Statement
New Mexico Statute §47-13-1 through §47-13-6 require sellers to complete a Seller's Disclosure Statement and provide it to buyers. Buyers have 5 business days after receipt to rescind.
The form covers:
Adobe and Older Homes
Albuquerque has many older adobe, Pueblo Revival, and territorial-style homes. Issues specific to these properties include:
Lead Paint
Required for pre-1978 homes. Many ABQ homes predate 1978.
Water (Acequia Rights)
In some rural or older parts of Bernalillo County, properties may have acequia (irrigation ditch) water rights. These are property interests and must be disclosed.
New Mexico Transfer Tax
New Mexico charges a minimal realty transfer tax — effectively a flat $25 fee for most residential transactions. Significantly lower than most states.
No Attorney Requirement
New Mexico does not require an attorney for residential closings. Title companies handle escrow.
Download New Mexico disclosure forms and find flat fee SWMLS services.