As a buyer, I’d prefer to see any theme I’m interested in as a coded design rather than just a PSD . Why? Because if it’s already coded I can edit the PSD , change the images/colour etc and simply update my ‘Images’ folder. If it’s just a PSD what have I got but a pretty picture?
For the sake of an extra $6 or $7 I’d rather have a HTML version even if I never use the code.