Home Inspections and Caveat Emptor. What's the Connection?
You've probably heard of the Latin term Caveat Emptor or "buyer beware"... but what exactly does it mean and how does it affect you?
According to Cornell University Law School, it’s “a doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition, especially applicable to items that are not covered under a strict warranty.” It has been consistently applied in the property industry right across Australia.