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.
How Much Is Your New Mexico Home Worth Now?
Home values in New Mexico have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.
What is the New Mexico seller disclosure form?
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’s included in the New Mexico seller disclosure form?
Below is a section-by-section summary of what you’ll be asked to disclose when selling a home in New Mexico. This is just a brief overview of what you can expect to see on your disclosure form; the actual contents of your form may vary.
Access
Easements or shared/private road agreements
Access disputes or unclear/uninsurable access points
Anyone who regularly crosses or uses part of the property
Appliances
Issues with major appliances, including anything inefficient, damaged, or not working
Basements or subterranean areas
Moisture, water intrusion, seepage, or past flooding
Sump pump problems or failures
Building, structural, or foundation
Cracks in walls, ceilings, slabs, or stucco
Unlevel floors, sticking doors/windows, or sagging beams
Any structural or foundation-related concerns
Built-in systems
Problems with garage door openers, central vacuum, intercoms, smart-home tech, or security systems
Missing or damaged components
Domestic water supply
Issues with well, municipal, or community water
Low production or poor water quality
Required hook-ups or drought/legal restrictions
Wiring
Aluminum wiring
Faulty switches, outlets, circuits, or limited connectivity (internet/phone)
Flooding
Interior or exterior flooding events
Broken or inefficient pipes
Drainage, grading, or standing water problems
Hazardous or environmental
Asbestos, mold, radon, or lead-based paint reports
Underground storage tanks
Drug labs, cannabis production, landfill or waste-related issues
Heating or cooling
Ineffective or inoperable HVAC systems
Rooms without heating or cooling
Insurance claims
Fire, hail, smoke, or water damage claims
Whether insurance funds were used for repairs
Irrigation rights or systems
Ditch or irrigation well issues
Disputed rights or low production
Drought or legal restrictions
Noise, odors, or pollution
Continuous or occasional noise
Odors inside or outside the home, including pet odors
Pest or animal issues
Rodent problems, termites, or other infestations
Damage caused by animals
Plumbing
Leaks or inoperable plumbing systems
Issues with gas lines, radiant heat, water heaters, or supply lines
Defective piping products (Kitec, polybutylene, Entran II)
Pools, spas, or saunas
Abandoned or nonfunctional systems
Equipment or mechanical problems
Leaks or surface/liner issues
Renewable energy
Solar, wind, or hydropower system malfunctions
Problems with batteries, converters, or turbines
Roofs, gutters, and skylights
Leaks or deterioration
Ponding on the roof
Clogged gutters or downspouts
Inefficient or broken components
Download and print our Disclosure Litmus Test
Use this link to download a printable checklist (62KB) to prepare for completing the New Mexico seller disclosure form. The questions on this Seller Disclosure Litmus Test reflect the types of details and issues you may need to reveal about your home — and what buyers expect to know.
Check off anything that applies to your New Mexico property. If you’re unsure about something, make a note to ask your real estate agent or investigate further. The goal is to help you think through what needs to be documented and disclosed during the sale process.
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