What does a buyer typically receive at closing in New Mexico?

At closing in New Mexico, a buyer typically receives title to the property as well as the keys. This transfer of title signifies that ownership has officially changed from the seller to the buyer, and the buyer has the legal right to possess and use the property. The keys are symbolic of the new ownership and allow the buyer to access their new home.

Receiving only the keys would not suffice, as the key represents physical access but not legal ownership. A rental agreement would not be provided in a purchase situation, as this pertains to leasing rather than buying a property. Documentation for obtaining financing relates to the buyer's ability to secure a loan, but does not constitute what is received at closing. Therefore, the correct answer reflects both the transfer of ownership and access to the property, which are crucial components of the closing process in real estate transactions.