Definition: A material fact is that which might influence a buyer's decision to purchase property or negatively impact the buyer's decision. It might also alter the price and terms a buyer is willing to pay. All material facts should be disclosed to a buyer.
Material Fact
By Elizabeth Weintraub, About.com
Explore Home Buying / Selling
Must Reads
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 >
©2009 About.com, a part of The New York Times Company.
All rights reserved.