Why might an appraiser be unable to report a sale price in non-disclosure states?

An appraiser may be unable to report a sale price in non-disclosure states primarily because there are no public records of sale prices. In these states, real estate transactions do not require the sale price to be recorded, which limits access to this information for appraisers. This lack of public documentation makes it difficult for appraisers to access reliable and relevant data regarding recent sales, which is essential for making accurate property valuations.

The absence of public records means that appraisers must rely on alternative sources to gather comparable sales data, often leading to challenges in ensuring they have adequate information to support their opinions of value. Therefore, the focus on public availability of sale prices is crucial in understanding the limitations appraisers face in non-disclosure states.