Buyer Responsibility

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January 1, 1 6 min read Definitions

Caveat Emptor Real Estate Transactions Buyer Responsibility Property Inspection Latent Defects Disclosure Requirements As-Is Condition

'Caveat Emptor,' a Latin phrase meaning 'let the buyer beware,' is a fundamental principle in real estate transactions. It emphasizes the responsibility of buyers to thoroughly inspect and review the property themselves, utilizing due diligence, except for latent defects, which are hidden or concealed defects not immediately detectable during an inspection.