Property Valuation
A Utah appraiser who is reviewing a property in an area with limited sales may need to expand the geographic search area for comparables to find:
AProperties anywhere in the state as substitutes
BProperties in comparable neighborhoods with similar market characteristics✓ Correct
COnly properties that sold within the past 30 days
DOnly new construction within the past year
Explanation
When comparable sales are limited in the immediate neighborhood, appraisers may expand their search to competing neighborhoods with similar characteristics—price range, property type, and buyer appeal.
Related Utah Property Valuation Questions
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