What Is the Effective Date of a Real Estate Contract in New Mexico?

This question is about New Mexico Real Estate Purchase Agreement

What Is the Effective Date of a Real Estate Contract in New Mexico?

In New Mexico, the effective date of a real estate contract is the date the buyer and seller agree to the terms of the contract and have it executed. All contract obligations are binding and enforceable on the effective date.

The information for this answer was found on our New Mexico Real Estate Purchase Agreement answers.