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News:
Finance
Posted: January 6, 2010
Ami Milne-Allen 2010
Name: Ami Milne-Allen
Title: President of VT chapter of Appraisal Institute
Company: Milne-Allen Appraisal Co.
Location: P.O. Box 4027, St. Johnsbury, Vt., 05819
Birthplace and year: Newton, Mass - 1959
Family: Husband, Tom; children: Caroline, Christine, Sam, Michael, Kimmy and Rebecca
College: Babson College - BS in Finance
First job outside of finance: Project cost analyst at Raytheon
First job in finance or allied field: Fee appraiser for Eric Benson Appraisal Co.
What do you do now and what are you planning for the future? Increse membership to improve quality of the profession and to enact a stronger collective voice especially with regard to lobbying. Work against Broker Price Option (appraiser not needed for property loans under 250k) I also want to get the chapter involved more in supporting national legisaltion.
Favorite book: "Blink" by Malcolm Gladwell
Person you admire most (outside of family): Larry Disney
Key to success: Listen
If you had to choose another vocation what would it be? Bankruptcy Law Attorney
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Finance
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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.
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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
