What does the term "buyer beware" mean in terms of real estate?

What does the term "buyer beware" mean in terms of real estate?

John Caliendo (Realtor) gives expert video advice on: What is the difference between a "real estate agent" and a "real estate broker"? and more...

When it comes to buying a home, the "buyer beware" term in real estate is a term that is not germane just to real estate, but to all of consumerism. This means you, and you going in having eyes and ears open, doing as much research as you possibly can, asking as many questions as possibly, and getting as many assurances as you can. At some point, you're going to have to commit, pull the trigger and acquire it, whether it's a plasma screen, a home, a car or what have you.