TxDOT

requires

five years’ sales history on all appraisals of subject properties on every type of project. The five-year sales history should show the parties to the transaction, date of purchase, recording data, and consideration, which should be verified if possible. In order to fulfill the requirements, the needed information will be obtained under one of the procedures outlined below:

When title
insurance is to be purchased, ROW PD will obtain the five-year sales history from the title company.
When title insurance is not being purchased, ROW PD will obtain the five-year sales history either from the county records or by contract with a local abstracter.

The five-year sales history will be furnished to the appraisers at the time they are ready to make the appraisal. This information will be incorporated into the appraisal reports. The purchase price should be verified. When there have been no sales, this should be stated on the data sheet.