"Caveat emptor" is "let the buyer beware" or "he buys at his own risk." "Caveat emptor" is the doctrine that controls the sale of real property after the closing date.
Buyer beware in Latin is translated to: Caveat emptor. This phrase has been in use for hundreds of years. It basically means always be aware of exactly what you're purchasing.
The Latin phrase "Caveat emptor" is translated as "let the buyer beware" or "buyer beware". The word "caveat" means "caution, warning" and the word "emptor" means "buyer".