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News:
Finance
Posted: February 9, 2012
Appraisers Group promotes Fennell to vice president
Belmont MA The Appraisers Group has promoted Morgan Fennell to vice president. In his new position Fennell will oversee and coordinate all appraisals and consulting activities with the legal community.
Fennell has been appraising real estate for 15 years and associated with the Appraisers Group since 2000. He is a graduate of Whittier College and is licensed by the Commonwealth of Massachusetts as a state certified general appraiser.
The Appraisers Group is a team of experienced, certified appraisers with expertise in all types of commercial and residential property valuation for mortgage lending, acquisition and construction financing, estate and divorce assignments.
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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.
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
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.
