What are "material facts" in real estate?

Material facts in real estate are defined as information that could influence a buyer's decision to purchase a property. Understanding material facts is crucial for both buyers and sellers, as they encompass relevant details about the property that may affect its value or desirability, such as structural issues, neighborhood crime rates, zoning changes, or environmental hazards. These facts must be disclosed to potential buyers because they play a pivotal role in the decision-making process.

The other options, while they may contain valuable information, do not capture the essence of what constitutes material facts. Data regarding property taxes and assessment values can inform a buyer's financial considerations, but they do not directly influence the buyer’s initial decision to make a purchase in the same way that material facts do. Details about neighborhood demographics can provide insight into the community, but again, they are not inherently material unless they specifically impact the property's value or desirability. Historical sales data for similar properties can inform pricing strategies and market trends but do not provide specific facts about the property in question that would influence a buyer's decision directly. Hence, the correct definition of material facts is centered on information that could affect the buyer’s choice to purchase.