Use This Form If:

• Individuals who are buying or selling a residential property in New Mexico can utilize this contract to formalize their agreement. It ensures that both parties are aware of their obligations and the terms of the sale, whether it involves cash payment or seller financing.
• Situations requiring a clear understanding of financing options can benefit from this form. Buyers who prefer seller financing can use this contract to outline the terms of repayment and secure their investment in the property.
• For those looking to avoid the involvement of a real estate broker, this contract serves as a straightforward alternative. It allows sellers and buyers to negotiate directly and document their agreement without intermediary fees.
• Homeowners selling their property who want to provide financing options to potential buyers will find this contract essential. It includes provisions for seller financing, making it easier to attract buyers who may not have immediate cash available.
• Real estate investors looking to purchase properties with cash or through seller financing will need this contract to ensure all legal requirements are met. This form helps to protect their investment and provides a clear framework for the transaction.