Property Valuation
In Alaska's remote areas, an appraiser may have difficulty using the sales comparison approach because:
ARemote properties cannot legally be appraised
BThere may be few comparable sales to use as references in sparsely populated areas✓ Correct
CThe cost approach is prohibited for remote property
DOnly government appraisers are allowed to value remote Alaska property
Explanation
In remote areas of Alaska with very few transactions, finding adequate comparable sales is a significant appraisal challenge. Appraisers may need to use sales from larger geographic areas, older sales, or rely more heavily on the cost approach.
Related Alaska Property Valuation Questions
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