The Buyer can take account of any defects reported and use this as a bargaining tool to re-negotiate the asking price if the seller has not made any improvements to the property. Thus, the buyer may be able to agree a lower offer for the property in its current state. In addition, any seller who offers an HCR as part of their pack allows the buyer to make an informed decision before making an offer for the property.
Why would you purchase the single most significant investment you will make without know the condition of it? Black Elk Home Condition Surveys are an effective and econonmical way of combating the Buyer Beware culture. The owner of the property can examine the report and, based on the defects noted, may consider to have the necessary repairs carried out to their home.
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