Common Material Facts List

Material facts can be defined as the factors that may lead the home buyers to reconsider or walk away. 

As a home buyer, you might want to have a review of the common material fact list:

• Property conditions: Home age; roof leaks and sags; foundation damage; mechanical issues, electrical problem, plumbing problem; basement leak; mold; insect infestation.
• Knob-and-tube; aluminum wiring or Kitec plumbing
• Environmental hazard or health-related: asbestos; UFFI; radon; vermiculite; lead or galvanized plumbing; underground storage tanks
• Discrepancies in measurements listed in listings vs measurement results of lot size, square foot, room size, etc 
• Current or previous illegal use: grow-op, meth lab
• Zoning bylaws: fence height, high deck, etc
• HST, property taxes
• Easements or restrictive covenants if any
• Changes without building permit: rental basement etc
• Airport or railway impact
• Potential impact on the coming new development
• Poor insulation
• Close to schools, churches, or other locations of interest
• Stigma (e.g. unnatural death)
• Heritage property