What is considered a material fact in real estate?

A material fact in real estate refers to any information that could significantly influence a buyer’s decision regarding the purchase of a property. This encompasses a wide range of details, such as issues related to the property's condition, title, location, zoning regulations, or any legal encumbrances that could affect the buyer’s use and enjoyment of the property. Recognizing a fact as material means acknowledging its potential impact on the buyer's informed decision-making process.

In contrast, insignificant details (like minor cosmetic issues) do not qualify as material facts since they are unlikely to sway a buyer’s choice. Personal opinions about the property's value are subjective and can vary greatly between individuals and do not represent objective truths related to the property itself. Historical assessments of property ownership may provide some context but are not directly tied to the current condition or legal standing of the property that a buyer needs to consider when making a purchase decision. Thus, the significance of fact B as a material fact lies in its direct relevance to the buyer's evaluation and determination of whether to proceed with a transaction.