Which type of transaction does not typically impact the appraisal results?

In the context of appraisals, a non-arm's-length transaction is often characterized by parties that have a relationship that may influence the sale price, such as family members or entities with established connections. Because of this inherent relationship, the transaction may not reflect the true market value of the property, leading to discrepancies between the appraised value and the sale price.

In contrast, arm's-length transactions involve buyers and sellers who operate independently and whose motivations align with usual market conditions. These transactions provide a more accurate reflection of market value since they are less likely to include preferential pricing that could distort the appraisal.

Contingent sales, where the sale is dependent on certain conditions being met, can also provide valuable information but may introduce uncertainties that affect the appraisal. Non-disclosure transactions involve parties that do not publicly disclose the sale price or terms, which can lead to incomplete data and potential inaccuracies in the appraisal process.

Thus, a non-arm's-length transaction typically does not impact appraisal results in a meaningful way because the data derived from such transactions often does not represent the true market conditions or values. Understanding this distinction is crucial for appraisers when analyzing comparable sales to ensure accurate valuation assessments.