Property Valuation
When an Ohio appraiser finds very few recent sales in the subject's market area, they may:
AUse only the cost approach
BUse comparables from a broader geographic area or an older time frame, with appropriate adjustments✓ Correct
CEstimate value based on tax records alone
DDecline to complete the appraisal
Explanation
When comparable sales are scarce, appraisers may expand the search area or use older sales with time adjustments to develop a credible value opinion, while disclosing these limitations in the report.
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