You may have heard the Latin phrase, Caveat Emptor, meaning “let the buyer beware”. Today’s vocabulary word is Caveat Venditor, meaning, “let the seller beware”.
I imagine most people are interested in saving money, and some so much so that they are tempted to sell their own home “for sale by owner”, for which this Latin phrase was aptly intended.
Maneuvering the closing of the sale of a home takes a trained REALTOR or Real Estate attorney just to be able to catch some of the potential mistakes and charges that aren’t true or accurate. Sellers going out on their own may save a few dollars in commission costs, but they are likely to lose those savings in hidden closing costs that a REALTOR could protect them from.
So remember, Caveat Venditor – Let the seller beware!
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