Material Facts

Material facts are significant information about a property that would influence a reasonable buyer's decision to purchase or the price they would pay.

Fact TypeExamples
Physical defectsStructural damage, water leaks
Legal issuesTitle disputes, zoning violations
EnvironmentalContamination, flood risk
FinancialOutstanding liens, high service charges
NeighborhoodPlanned developments affecting value
Disclosure RequirementsObligation
Seller dutyMust disclose known material facts
Latent defectsHidden issues if seller aware
Patent defectsVisible issues buyer should notice
Failure to discloseGrounds for rescission or damages

Related Terms

DisclosureDue DiligenceBuyer Beware (Caveat Emptor)FraudMisrepresentation

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