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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  June 22, 2010  |   Revealing 'Material Facts' Pays Off in the End
Most states require home sellers to disclose “material” facts. But the question is, what’s material?

In general, says real estate author Dian Hymer, a fact is material when it would affect a buyer’s willingness to buy at the asking price. She says too much information is almost always better than too little.

Sellers who are reluctant to be straightforward about their home’s potential problems should be aware that failure to disclose relevant information can result in expensive legal action that will also be stressful and time consuming, Hymer points out.

Source: Inman News, Dian Hymer (06/22/2010)

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