Property Valuation
The market approach to value (sales comparison) would be LEAST appropriate for:
ASingle-family homes in an active market
BCondominiums in a development with many recent sales
CA specialized industrial plant with no comparable sales✓ Correct
DA vacant residential lot in a neighborhood with similar lots sold
Explanation
The sales comparison approach requires comparable sales. A specialized industrial plant is a unique property for which few or no comparable sales exist, making the cost or income approach more appropriate.
Related Georgia Property Valuation Questions
- Highest and best use in real estate appraisal means the use that is:
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- A broker's price opinion (BPO) is most commonly used by:
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- Effective age of a building refers to:
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