What does "material facts" refer to in real estate?

In real estate, "material facts" refer to information that can significantly influence a buyer's decision regarding the purchase of a property. These facts are essential as they can impact the value or desirability of the property. Examples of material facts include information about the property's condition, any legal issues, zoning regulations, prior damage, or any other factors that could affect a buyer's intentions and actions.

Understanding material facts is crucial for real estate professionals, as they have a duty to disclose this information to potential buyers to ensure transparency and informed decision-making. In this context, distinguishing material facts from minor details, historical data, or cosmetic features is important because the latter do not typically influence a buyer's fundamental decision to proceed with a property transaction.