IVI is the leader in the preparation of property condition reports for lenders, equity investors and existing owners.
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Clients seeking to sell a property are increasingly using disclosure reports to expedite the transaction. Such reports are prepared by IVI for the seller, our client, to disclose known physical deficiencies to a potential purchaser.
 These disclosure reports are not intended to supplement a buyer’s independently conducted physical due diligence, but serve the following purposes:
- Reduce the buyer’s due diligence hurdle by providing a general description of the asset and known physical deficiencies
- A seller is able to offer an asset at an established asking price knowing the asset’s encumbrances. This eliminates the buyer’s opportunity to request a price reduction for physical deficiencies later discovered by the buyer’s PCA consultant.
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