floridarealestate: Caveat Emptor- Buyers Beware!
- 08/26/21 11:06 AM
Caveat Emptor, “Let the buyer beware.” is a real estate principle that warns buyers to "beware" and do their due diligence. It is of paramount importance, for Florida real estate buyers, since the majority of real estate agents are transactional agents. When a purchase contract for property says the buyer is to take the property “as is,” the seller truly means “as is.” Under the doctrine of caveat emptor, property buyers are held responsible for inspecting the quality and condition of the land or building before the final execution of the purchase contract. If the buyer does not exercise due diligence during the Inspection Contingency … (1 comments)
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Caveat Emptor, “Let the buyer beware.” is a real estate principle that warns buyers to "beware" and do their due diligence. It is of paramount importance, for Florida real estate buyers, since the majority of real estate agents are transactional agents. When a purchase contract for property says the buyer is to take the property “as is,” the seller truly means “as is.” Under the doctrine of caveat emptor, property buyers are held responsible for inspecting the quality and condition of the land or building before the final execution of the purchase contract. If the buyer does not exercise due diligence during the Inspection Contingency … (1 comments)
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