 (1).gif)
News:
Finance
Posted: November 11, 2016
2016 New England Appraisers Expo was held October 24
Norwood, MA The 2016 New England Appraisers Expo was held at the Four Points by Sheraton Hotel on Monday, October 24. This annual event was sponsored by Landy Insurance, MLS Property Information Network, Strategic Information Resources and The Warren Group.
This is an annual education offering that was started in the 1980s by John Easton and Richard Goulet and is now the effort of the Massachusetts Board of Real Estate Appraisers (MBREA) and the Massachusetts/Rhode Island Chapter of the Appraisal Institute.
It is a day of education and networking for real estate appraisers and offers 7 hours certification credits for commercial and residential appraisers in the states of Conn., Maine, Mass., N.H., R.I. and Vermont. Numerous local leaders in fields related to real estate appraisal practices donated numerous hours in providing these educational offerings. Commercial and residential appraisers met jointly for the morning and listened to presentations by Sean Becketti, Ph.D., vice president and chief economist of Economic & Housing Research for Freddie Mac and Joseph Traynor, MRICS, GAA, chair of the Appraisal Qualifications Board. The morning session was wrapped up by Marie Wentling, who also moderated a panel on “New Cool Tools for Better Appraisals.” Panel members were Matt Cabrera, president of 3D Data, Glenn Enger and Jeffrey Howry.
Below are photo’s from the event.
John Torvi of Herb Landy Insurance
Charles Hagedorn and Karen Hanlon
Appraisers Mark Tyburski and Ellen McDonald
Joseph Traynor, MRICS, GAA, chair of Appraisal Qualifications Board. One of the morning featured speakers.
Malee Nuesse and Kevin Bartlett of The Warren Group.
Claude Giroux
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6m financing for two properties
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
 (1).gif)
Quick Hits
Columns and Thought Leadership
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
