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Caveat Emptor

Definition of "Caveat emptor"

Pam Godfrey, CRS
  The Estates Real Estate Group, Llc

Latin term meaning let the buyer beware. The buyer purchases at his or her risk, in the absence of fraud. This does not obligate the seller to volunteer information. However, legal statutes mandate full disclosure by the seller of known defects or problems in the property.

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