Does Tennessee have a buyer beware law in real estate sales?

Answer 1

There is no such thing as a "buyer beware" law in ANY STATE.

When a state, with regards to real estate, is considered a "buyer beware" state, the state is putting alot of the responsibility on the buyer to do their own research on property with regards to anything that is public information...and to seek expert advice if they don't understand something.

In other words, you can't claim later "I didn't understand how that worked!", when you failed to make any effort to get expert advice.

There is no law stating that it's a buyer beware state...there is just an ABSENCE of law requiring a seller to give so much information to a buyer that it absolves a buyer of all responsibility in a real estate transaction.

Answer 2

Not sure what you mean by 'buyer beware law'. All states require disclosure by the seller of any known defects or situations which may affect the value of the property. Beyond that, you are on your own, which is why a professional property inspection is always recommended, along with the advice of a real estate professional.