What is required from buyers to waive disclosure requirements?

The requirement for buyers to waive disclosure requirements typically involves a formal process that acknowledges important information about the property, especially regarding property taxes. In this context, a signed document acknowledging the property tax levy is significant because it ensures that buyers are fully aware of any financial liabilities associated with the property. By signing this document, buyers indicate that they understand the implications of the property tax levy and accept that they will be responsible for these obligations.

This practice is crucial in real estate transactions in New Mexico, as it protects both the seller and the buyer by fostering transparency regarding financial responsibilities. It helps mitigate any potential disputes that might arise from misunderstandings about taxes owed on the property, ensuring buyers are informed before executing the transaction.

The other options do not establish a comprehensive understanding of the responsibilities or liabilities associated with the property. Verbal agreements lack the legal weight necessary in real estate transactions, while waivers submitted to an HOA do not pertain directly to the disclosure requirements tied to tax liabilities. Similarly, denying responsibility does not equate to an informed waiver of disclosures and does not fulfill the necessary legal criteria for understanding obligations related to property ownership.