Property Valuation
When appraising a remote Alaska property accessible only by floatplane, an appraiser should:
AUse only the cost approach because there are no comparables
BApply a value premium for the unique access and privacy
CSeek comparables from remote properties and adjust for access limitations and market appeal✓ Correct
DDecline the assignment due to insufficient comparables
Explanation
For remote Alaska properties, appraisers should seek the best available comparable sales from similar remote properties and make adjustments for differences including access limitations. Remote access can be a positive (privacy, hunting/fishing) or negative (higher operating costs, limited buyer pool) that requires specific market-supported adjustments.
Related Alaska Property Valuation Questions
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