Caveat Emptor – Let the Buyer Beware
The phrase caveat emptor is Latin for “Let the Buyer Beware”. When you buy a property these two words can be very important.
Once you have purchased your property there is often little you can do if there is something seriously wrong with it. In other words, the legal onus is not on the seller of the property, to ensure there are no faults with the property. The onus is on the buyer to find out.
You need to feel confident that what you are buying is really what you want. Don’t leave anything to chance. Give the property a thorough going over before you purchase it. Use a good building inspector and always obtain a written report.
Use a good solicitor and always read every document you are given before you sign it. If there is anything you don’t fully understand have your solicitor explain it to you. That’s their job.
It is important that the decision to purchase your property is based on sound facts and not on emotions or uncertainties. Don’t let your dream turn into a nightmare.
Our pre-purchase checklist will help you evaluate the property.
