New Mexico contract deadlines and disclosures
A quick checklist for New Mexico agents, from signed contract to closing. Use it as a starting point: your signed contract always wins.
The contract
Most residential deals use the Purchase Agreement – Residential Resale (NMAR Form 2104), published by New Mexico Association of REALTORS. Closings are usually handled by an escrow officer.
Typical deadlines
Days are common starting points, not rules. Many are negotiated in every contract.
| Deadline | Typical timing | Note |
|---|---|---|
| Contract fully signed (Effective Date) | When the last party signs (day 0) | |
| Earnest money delivered | 3 days after signing | |
| Loan application | 5 days after signing | Only if your contract includes it |
| Inspection Objection Deadline | 10 days after signing | Set in each contract; typical shown |
| Seller's response to objections | 3 days after Inspection Objection Deadline | |
| Appraisal contingency | 21 days after signing | Set in each contract; typical shown. Only if your contract includes it |
| Financing (loan approval) contingency | 30 days after signing | Set in each contract; typical shown |
| Title commitment delivered | 14 days after signing | Only if your contract includes it |
| Title objections | 5 days after Title commitment delivered | Only if your contract includes it |
| HOA / condo resale documents delivered | 10 days after signing | Only if your contract includes it |
| Closing | 35 days after signing | Set in each contract; typical shown |
| Final walkthrough | 1 day before Closing | |
| Possession | Same day as Closing |
Disclosures and required forms
Customary: Property Disclosure Statement (NMAR form) (confirm with your broker)
If it applies: Lead-based paint disclosure (built before 1978)
If it applies: Water rights and wells (confirm with your broker)
Money at closing
Transfer tax: No transfer tax.
Good to know
NMAR 2104 has two inspection paths (objection or termination); you can't use both.
Missing the Inspection Objection Deadline waives the right to object.
Let Reta track it for you
Upload your signed contract and Reta builds this timeline with your real dates, reminds you before each deadline, and drafts the emails to your client, lender and title for you to approve. Your first deal is free.
This guide is general information for licensed agents, not legal advice. Rules and forms change; confirm with your broker or a local attorney. Last checked 2026-11-10.