Though not required by law in New Mexico, it is usually required by buyers that a seller provide the RANM (Real Estate Association of New Mexico) Form 4103 Property Disclosure Statement - Vacant Land. This form outlines what the seller knows about the condition, history and characteristics of the land parcel to be sold.

This form covers subjects to include:

• Title
• Zoning
• Legal
• Available utilities
• Environmental hazards
• Access and roads
• Survey issues

Sellers should be totally honest in filling out this form, and no questions should be left unanswered. Not knowing something is OK, and should be indicated. Buyers rely on this document in their decision process, so it should be as accurate as possible.

All principals in a transaction should have fully signed copies of this property disclosure document. A real estate broker should be able to answer questions about the items on this document.

photo credit: veeliam

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