Chances are, you know New Mexico home better than anyone, flaws and all. If you’re making plans to sell your Land of Enchantment property, you may be wondering how much you need to reveal on the New Mexico seller disclosure form, officially known as the Adverse Material Facts Disclosure Statement. Disclosure forms like this provide potential buyers with a clearer picture of your property’s condition and history, giving them a better idea of what the property needs in terms of repairs. Additionally, it can also protect you from any potential legal hiccups. In this post, we’ll tell you what to expect, how much detail to provide, and what could go wrong if you leave something out. We’ll also provide a downloadable Disclosure Litmus Test to help you identify any red flags. The New Mexico seller disclosure form, or Adverse Material Facts Disclosure Statement, is a document developed by the New Mexico Association of Realtors. It’s designed to help you disclose any known issues or facts about your home that could impact its value or a buyer’s decision to proceed with the purchase. New Mexico law requires sellers to disclose all material facts — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Adverse Material Facts Disclosure Statement form acts as a guide to help you do this thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the New Mexico seller disclosure form?
