Non-disclosure states directly contribute to the delay in the right of way acquisition process. It affects the property owners, as it makes it difficult for them to compare prices and validate their own opinion for the â€œmarket valueâ€ of their property. It is also one of the direct causes of suspicion, uncertainty, additional costs and time delays injected into the process of right of way acquisition.
I believe in complete transparency and public should have full knowledge of the market and sales in their neighborhood. Why are some states hiding these facts? What purpose does it serve? It can have a big financial impact on public.
Mississippi is a non disclosure state and the original sales price may not be public knowledge. If you are looking to compare value that will not be a good indicator. Value is determined by closed sales of liked properties in the neighborhoods of comparable squarefootage. The best way to see value would be to ask for a CMA.