The real estate landscape can be challenging, especially in non-disclosure states, where transparency regarding property sales prices is often limited. But with AcreValue’s innovative tools, we’ve developed a solution to overcome this challenge, providing land professionals with the data they need to make informed decisions
What are non-disclosure states?
A non-disclosure state is a state where the sales prices of real estate transactions are not required to be publicly disclosed. This means that property sales data isn’t readily available to the general public or even to some professionals. Instead, the information is often kept within private databases or only made available to certain licensed professionals, such as real estate brokers, appraisers, and government agencies. States such as Texas, Idaho, Kansas and Wyoming fall under this category, and the implications of this can be significant. Without sales price transparency, it becomes challenging for land professionals to conduct accurate property assessments or market analyses.
Why Non-Disclosure States Matter
For professionals working in real estate, farming, or land investment, access to reliable sales data is crucial for conducting comparable sales analyses, determining fair market value, and making informed investment decisions. In non- disclosure states, this lack of transparency can hinder these processes, leaving land professionals with insufficient information.
AcreValue’s Solution: Providing Sales Data in Non-Disclosure States
At AcreValue, we’ve recognized the challenges that non-disclosure states present and have developed several methods to provide sales data where it’s traditionally limited. By combining innovative technologies with access to licensed professionals and verified data, we ensure that our customers aren’t left in the dark. Here’s how AcreValue helps land professionals access this critical information:
- AcreValue Verified Sales for Licensed Professionals:In non-disclosure states, counties often provide actual sales data only to licensed brokers and realtors. AcreValue works directly with these licensed professionals, offering our AcreValue Verified Sales program. AcreValue is the only platform that offers this exclusive program, enabling professionals to build their own sales database, which can then be leveraged for property appraisals and comparative market analysis. Once a licensed professional uploads sales data, AcreValue automatically enriches it with critical contextual information such as soil types, land use, and historical trends. This enhanced dataset enables professionals to conduct thorough and accurate comparable sales analyses, unlocking the full potential of the sales data they gather.
- Internal Appraisal Staff for Verified Sales: In addition to working with licensed professionals, AcreValue is the only platform that employs an in-house team of appraisal staff who review and verify sales data. Our internal appraisal staff ensures that the sales information available on our platform is accurate and reliable, adding another layer of credibility to the data. This verification process sets AcreValue apart from other platforms, giving users confidence in the accuracy of the data when assessing properties, even in states where public data is limited.
- Proprietary Algorithms Based on Mortgage Records: Where actual sales prices aren’t directly accessible, AcreValue’s proprietary algorithms step in. These algorithms estimate sales prices by analyzing mortgage records, which are publicly available even in non-disclosure states. By using the loan amount and other data points from these mortgage records, our algorithms generate an estimate of the sale price. While this isn’t a direct substitute for actual sales data, it provides a valuable approximation that helps land professionals make informed decisions.
AcreValue: Your Trusted Partner in Land Transactions
By providing AcreValue Verified Sales, internal appraisals, and advanced algorithms, we’ve created a robust system that gives professionals the tools they need, even in non-disclosure states. AcreValue is the only platform that offers both the Verified Sales program and internal appraisal staff—a unique combination that ensures unparalleled accuracy and reliability. Our solution guarantees that our customers can still perform accurate property valuations, comparable sales analyses, and investment decisions, without being hindered by a lack of public data.
At AcreValue, we believe that all professionals, whether operating in a disclosure or non-disclosure state, deserve access to reliable land sales data. With our cutting-edge tools and trusted partnerships, we’re committed to making land research and transactions more transparent and effective.
Contact sales@acrevalue.com to join our professional network and the AcreValue Verified Sales program.