My partner and I had a discussion today after one of the deals we had feel thru (for financial reasons) and another buyer was looking at the house. The buyers asked about some structural issues which we knew had been addressed in a prior inspection that were a non issue. Of course we only had what we heard as something to go on (the engineer wanted us to hear all he had to say). And we said it is too bad that the report was not there for us to refer to when answering such questions. Now I know the previous buyer paid for this and therefore has the right to own the report, but we were wondering if there would come time in the future that this report would be required to be available to all to see or maybe have a copy include with the papers.
I know some seller will have pre inspection, but I am sure buyers will not believe that is all there is and request their own inspector, but it all does seem waste when a house seen and bid on by multiple buyers and when the deal falls thru that report goes to waste.
Also on a second issue: a home that is sold as is, aside from the things that are required by law to be corrected, what are the options of the buyer or even the seller if some other things ( like needing regrading or a brick facade is coming lose but the integrity of the structure underneath is not affected) comes up?