What describes a "Latent" material fact?

A latent material fact refers to a fact about a property that is not easily observable and is hidden or concealed, making it difficult for buyers to identify without thorough inspection. This can include issues such as structural problems or defects that are not visible without further investigation, like problems behind walls or under flooring.

Understanding latent material facts is crucial in real estate transactions because they can significantly impact the value and desirability of a property. Sellers are typically required to disclose such facts, as they could affect a buyer's decision. While visible or easily observable facts are not latent, and minor details or personal seller knowledge may not significantly impact the overall assessment of the property, latent material facts can pose a serious concern if not disclosed properly.