What aspect of a material defect typically affects a property's marketability?

The impact on property value is a critical aspect of a material defect that typically affects a property's marketability. Material defects, such as structural issues, plumbing problems, or roof damage, can significantly lower the value of a property. When potential buyers assess a property, they often consider the overall condition and any defects, which can lead to a reduced offer or even deter them entirely from purchasing the property.

The perception of value is essential in real estate, as buyers are less likely to invest in a property that may require substantial repairs or that poses potential safety hazards. This diminished value is what directly influences the marketability of the property, as buyers are generally looking for homes that represent a good investment and are in a satisfactory condition. A property with serious defects can lead to prolonged time on the market and may necessitate price reductions to attract offers, thereby illustrating the strong connection between material defects, their impact on value, and the overall marketability of the property.

In contrast, while the location, appearance, and size of a property are important, they do not necessarily correlate with marketability in the same straightforward way as the impact on property value due to material defects.