What document must be completed to finalize the sale of a manufactured home in New Mexico?

To finalize the sale of a manufactured home in New Mexico, a purchase agreement is essential. This document outlines the terms and conditions of the sale, including the agreed-upon price and any conditions that must be met before the transaction can be completed. It serves as a legally binding contract between the buyer and seller, ensuring that both parties understand their rights and obligations throughout the sales process.

While other documents may also be involved in the sale of a manufactured home, such as a mortgage agreement if financing is involved or a title transfer form to change ownership, the purchase agreement is crucial for establishing the foundational aspects of the sale itself. An inspection report may be necessary to assess the condition of the home but is not required to finalize the sale. Thus, the purchase agreement is the key document that ultimately facilitates the transaction between the buyer and seller.