Contract For Sale Of Real Estate In New Mexico: FREE To Download, Edit & Use

Welcome to our page featuring a fully customizable Contract For Sale Of Real Estate In New Mexico.
This comprehensive agreement ensures a seamless property transfer, whether it pertains to a residential property, commercial property, or land transaction.
Meticulously drafted to adhere to the stipulations of New Mexico real estate law, this contract is your first step towards effecting that crucial sale.
Browse through the document and feel free to download and edit it according to your unique requirements for any real estate sale in New Mexico.

REAL ESTATE PURCHASE AGREEMENT

This Real Estate Purchase Agreement (the “Agreement”) is made and entered into as of this [Date] (the “Effective Date”) by and between [Buyer’s Name], a [Buyer’s Legal Status], with an address at [Buyer’s Address] (the “Buyer”), and [Seller’s Name], a [Seller’s Legal Status], with an address at [Seller’s Address] (the “Seller”).

DESCRIPTION OF PREMISES

The property to be sold is located at [Property Address], State of New Mexico, and is legally described as follows (the “Property”): [Legal Description]. This includes all fixtures and improvements thereon, and all rights, privileges, and appurtenances thereto.

PURCHASE PRICE

The purchase price for the Property is [Purchase Price] dollars ($[Numerical Amount]), payable as follows: [Detailed Payment Terms]

CLOSING

The closing of the purchase and sale of the Property will take place on [Closing Date], at the office of the Title Company, or at such other time and place as the parties may mutually agree.

INSPECTION

Buyer shall have [Number of Days] days from the Effective Date to conduct any and all inspections of the Property.

DISCLOSURE

Seller will provide to Buyer a completed New Mexico Disclosure of Property Condition form, in accordance with New Mexico Statute § 47-13-2.

POSSESSION

Seller shall deliver possession of the Property to Buyer at Closing, free and clear of all occupancy rights of others, except as otherwise provided in this Agreement.

TITLE AND DEED

The Seller will provide a general warranty deed that guarantees the Property against any and all claims. Title insurance will be issued in the amount of the purchase price.

DEFAULT

If Buyer defaults under this Agreement, the earnest money deposit will be retained by Seller as liquidated damages. If Seller defaults under this Agreement, Buyer may seek specific performance or other equitable relief.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of New Mexico.

ENTIRE AGREEMENT

This Agreement contains the entire agreement between the parties and supersedes all prior oral or written agreements, understandings, or arrangements. IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. ___________________________ ________________ [Seller’s Name] [Date] ___________________________ ________________ [Buyer’s Name] [Date]

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When selling real estate in New Mexico, having a concrete Contract For Sale Of Real Estate is vital. This is similar to when buying a property using a Contract for Deed Template, which outlines the terms and conditions of the purchase. Similarly, if the property is being rented out, a Contract for Rental Property becomes essential, as it safeguards the interests of both the tenant and the landlord.
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