Which action is generally required when a property is sold in New Mexico?

When a property is sold in New Mexico, executing a title transfer deed is a fundamental requirement of the transaction. The title transfer deed serves as the legal instrument that conveys ownership from the seller to the buyer. This document includes important information such as the names of the parties involved, a description of the property, and the signature of the seller, all of which are necessary to legally transfer the title.

In real estate transactions, ensuring that the title is correctly transferred is essential to provide the buyer with clear ownership rights and to protect against any future claims on the property. The deed must be executed properly and typically must be recorded in the appropriate county office to provide public notice of the new ownership.

Other actions mentioned, such as disclosing the property's previous sale price or providing a home warranty, may be considered good practices or may be part of the negotiation process but are not universally required by law. Similarly, while the seller must comply with licensing laws specific to real estate transactions in New Mexico, it is not necessary for the seller themselves to have a real estate license unless they are engaging in activities beyond the sale of their own property. Therefore, executing a title transfer deed remains the primary action required when a property is sold.