Property Valuation
The appraisal approach most commonly used to value single-family residential properties in Alaska is the:
AIncome capitalization approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
The sales comparison approach is the most commonly used method for valuing single-family residential properties. It compares the subject property to recently sold comparable properties and adjusts for differences. In rural Alaska where sales data may be limited, the cost approach may also be used.
Related Alaska Property Valuation Questions
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