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News:
Finance
Posted: January 13, 2011
Andrew LeMay 2011
Name: Andrew LeMay, SRA, SRPA
Title: President, New Hampshire Chapter of the Appraisal Institute
Company: Real Estate Consultants of New England, Inc.
Location: 75 South Main St., Unit 7, PMB 168, Concord, NH 03301
Birthplace and year: Stamford, Conn., 1950
Family: Single, two sons
College: New England College in Henniker, N.H.; BA, Business Administration
First job outside of appraisal: Real estate sales for Village House
First job in appraisal or allied field: Appraiser for New Hampshire Savings Bank
What do you do now and what are you planning for the future? Continue with educational programs for members, promote membership, encourage members to become designated.
Hobbies: Built a replica of a 1965 Cobra, drive it around.
Favorite movie: "Pink Panther" series
Keys to success: Never give up, don't listen to naysayers.
If you had to choose another vocation what would it be? Law enforcement
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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.
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
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
