I think that the report is the most important aspect for evaluating the nature of the purchase, residential or commercial. If you are the seller you can do the repairs and this way protect your asking price from vultures, by saying this is what was wrong this is how it was fixed, or even giving credits for repairs to be done against asking price.
Make certain whoever is doing the report knows who is paying and as suggested previously herein, there are ways to frame the wording of certain elements of the report to put the property in best or worst light, depending upon the position taken in the sale.
If you are a buyer and do not ask for a report to be done, saving money this way is not advised. The buyer needs to know what's up with the property, and the seller needs the report, for the sake of making legal and material disclosures under the contract about the property so there is no backlash when defects such as mold are discovered and undisclosed, which is ground zero for litigation.