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What is caveat emptor in real estate?

Apply for mortgage approval today. In real estate, caveat emptor – or "let the buyer beware" – is a concept similar to buying a house as-is. Read more about caveat emptor and how it works.

Which states have caveat emptor laws?

While caveat emptor is more dominant in states like Alabama, Arkansas, Georgia, North Dakota, Virginia, and Wyoming, each state has different laws relating to risk, warranty, liability, and misrepresentation in real estate transactions.

Do all states allow caveat emptor sales?

All states technically allow caveat emptor sales, but there are some states where it is more commonly used, says Michels. Some of the states that lean toward caveat emptor include: Caveat emptor in the United States means a property is being sold as-is, and the buyer accepts it in its current form.

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