News: Finance

Appraisal Institute annual meeting to feature The Appraisal Foundation's Steven Elliott as speaker - July 23rd - 25th

Steven Elliott, SRA, MRA, the chair of The Appraisal Foundation's board of trustees, has been added as a general session speaker for the Appraisal Institute Annual Meeting to be held July 23-25. He will address the topic of the future of the valuation profession. With nearly 40 years of real estate valuation experience, Elliott has written more than 19,000 appraisals on residential, commercial and industrial properties for more than 500 clients, including lenders, attorneys, municipalities and individuals. Elliott is an approved instructor for the Appraisal Institute; in addition to the SRA designation from the Appraisal Institute, he holds the MRA designation from the Massachusetts Board of Real Estate Appraisers, for which he has served as president and trustee. Don't miss everything else AI Connect has to offer, including: * Numerous networking opportunities; breakfast, lunch and cocktail receptions are included with your registration. * Up to 16 hours CE credit from AI, and state CE credit. * More than 30 outstanding educational programs focused on commercial and residential appraisal topics. * Exhibits of the latest cutting-edge valuation products and services.
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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

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

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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