1. Home
  2. Home & Garden
  3. Home Buying / Selling
Material Facts
<Back to Last Page>     <Full Glossary>

Definition: A fact that may play a part in a buyer or seller's decision-making process. Seller's agents are required to disclose material facts to potential buyers.

  • Structural defects and other statements regarding the condition of a property are material facts.
  • The amount of property taxes paid per year is a material fact.
  • The square footage of a home is a material fact.

On the other hand,

  • Personal information about a seller or buyer is not a material fact. For example, the sellers may be getting a divorce or close to foreclosure. Neither of those situations are material facts. Seller's agents may not disclose personal information. Buyer's agents may disclose personal information to their clients.


<Back to Last Page>     <Full Glossary>

Explore Home Buying / Selling

About.com Special Features

Home Allergy Center

Banish mess, reduce allergens, and maintain a clean, healthy home. More >

Home Improvements Made Easy

Inspirational ideas and expert tips to help you pull off your next DIY project. More >

  1. Home
  2. Home & Garden
  3. Home Buying / Selling

©2009 About.com, a part of The New York Times Company.

All rights reserved.