What is considered a material fact in a real estate transaction?

A material fact in a real estate transaction refers to any information that could significantly affect a buyer's decision to purchase a property. This means that if the information were disclosed, it might alter the buyer's perception of the property's value or desirability. These facts encompass issues like structural problems, zoning changes, or other significant conditions affecting the property that, if known, could lead a buyer to reconsider their decision to proceed with the purchase.

While information about neighborhood amenities, the history of previous owners, or minor repairs might be relevant in a transaction, they do not typically rise to the level of a material fact that would fundamentally alter a buyer's decision. Material facts are those critical elements that directly influence the transaction's integrity and buyer's interests.