Tag Archives: Agreement of Purchase & Sale
“Caveat Emptor” – AKA: Buyer Beware – in Fine Print
What Does “Caveat Emptor” Mean in a Real Estate Agreement? A common question I receive from purchasers is regarding who is responsible for the repair costs if something is not working on the date of closing. For example, an appliance, the heating/air conditioning system, the electrical system, or the roof. Buyers ultimately want to know…