In the real estate industry, access to sale price data is essential for analyzing properties and making informed decisions. However, not all states treat the transparency of real estate transactions equally. This is where the concept of Disclosure States and Non-Disclosure States comes into play.

Disclosure States are states where property sale prices are recorded as part of public records. This data is accessible to the public and provides valuable insights into market trends, property values, and transaction histories.

Non-Disclosure States, conversely, do not require sale prices to be made publicly available. In these states, sale price data is considered private and is not included in public records. While other details about the property transaction, such as mortgage information, may be accessible, the exact sale price is not disclosed. This creates a challenge for investors and professionals who rely on accurate data to evaluate property deals.

The following are some commonly recognized Non-Disclosure States:

To address this lack of sale price transparency, Privy will always provide an estimated sale price in Non-Disclosure States since the sales price is not disclosed. This sale price is based on an algorithm we, and most data providers, use, which entails looking at the mortgage amount and mortgage type, along with other proprietary logic, to determine a sale price.

The algorithm incorporates:

Privy’s estimated sale price ensures that customers working in Non-Disclosure States can still evaluate property deals with confidence. By bridging the gap left by the lack of public sale price data, Privy allows customers to:

Want to learn more? Register for one of our Live Training sessions or explore our Learning Center for additional resources on Non-Disclosure States!