Why not just put the price of the property on the deed?

The fact is this: You may include 1 (one) dollar, 10 (ten) dollars, or the actual price of the property and they are all acceptable the same way love and affection is acceptable as they are all “Good and Valuable Consideration.”

The actual price is not included on the deed simply for privacy reasons.

It’s rooted in tradition. 10 dollars has become the norm over 100s of years of property conveyance.

This day and age it's simple (and legally required public knowledge) to find out any given property sale price. Back in the day, the deed was the only recorded document on county file to acknowledge the transfer of real property and laws and customs varied widely.

Disclaimer: This is Steven’s summary based on experience, research, and opinion. You are encouraged to complete your own research and derive your own take-away.