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New Mexico Residential Real Estate Sales Disclosure Statement Form
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People also ask
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Do you have to disclose a death in a house in New Mexico?
N.M. Statutes § 47-13-2 notes that a seller won't be liable for failing to disclose the fact or suspicion that the property has been the site of a natural death, a homicide, a suicide, an assault, a sexual assault, or any other crime punishable as a felony.
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What states have to tell you if someone died in a house?
In California, for example, a seller must disclose if someone died in the house within the last three years. Meanwhile, in Alaska, the listing agent must communicate if any known murders or suicides happened in the last year. South Dakota requires sellers to disclose deaths within the last 12 months.
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Do you have to disclose a death in a house in NM?
Do you have to report a death in your home while selling real estate in New Mexico? New Mexico does not require disclosure of death on a property. There is no requirement for a seller or homeowner to disclose.
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Is New Mexico a real estate disclosure state?
Currently, there are a number of non-disclosure states. They include Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming. Before investing, real estate professionals should familiarize themselves with this list of non-disclosure states.
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What does the seller's disclosure statement contain?
A Seller's Disclosure statement can include information regarding problems the seller encountered with the surrounding neighborhood while living on the property. These can include local issues like: Property line disputes. Sources of loud noises or bad smells.
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Do you have to tell someone that someone died in a house?
In California, experts say any death on a property (peaceful or otherwise) needs to be disclosed if it occurred within the last three years. The seller must also disclose any known death in the home if the buyer asks, regardless of how long ago the death took place.
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Which disclosure is most commonly required in residential real estate?
The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.
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Is NM a full disclosure state?
Despite the lack of a broad seller disclosure requirement within New Mexico law, the New Mexico Association of Realtors has effectively created such a requirement by including it within its standard purchase agreement for residential resales. The agreement includes this language: SELLER'S DUTY TO DISCLOSE.
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