Criminal activity undisclosed by the seller and his broker constantly results in an asymmetry of critical property information between them and the buyers and their selling agents. Prospective buyers are not presently provided known information on criminal activity at the property or in the area. Buyers might value the property differently if they actually know what the sellers and the listing agents know regarding relevant criminal activity — the sole reason known or readily-available material facts are disclosed.
Related article:
Safety disclosures: crime and the prospective buyer
