Which is an example of a material fact that must be disclosed by a seller?

A material fact is any information that could influence a buyer's decision to purchase a property. Recent repairs made to a property are considered a material fact because they can significantly affect the property's value, condition, and the buyer's perception of its livability and safety. Disclosing recent repairs ensures that the buyer has a complete understanding of the property's history and current state, which is crucial for making an informed decision.

While the property's square footage is important, it is typically regarded as a standard piece of information that can be easily verified and may not necessarily influence a buyer's decision as strongly. Previous sale prices can provide context for value but are often considered less relevant than ongoing issues or repairs that could directly impact the property's current state. Neighborhood demographics may provide useful context for buyers assessing the area, but they are more subjective and not necessarily tied to the property's condition or value.