News: Finance

Benjamin Franklin Bank opens new branch with ribbon cutting

Benjamin Franklin Bank introduced its newest branch at 430 Main St., with a two-day Grand Opening celebration. On September 27th and October 2nd more than 150 Ben customers and residents from the town and surrounding communities attended a reception and open house which introduced Ben's new motto - "Banking at the Speed of Life" and its' mascot, a cheetah named "SPEED" (secure products, easy effective delivery). Attendees were thrilled to receive a small stuffed cheetah wearing a Ben logo shirt and two lucky raffle participants won life-sized plush cheetahs. Thomas Venables, president and CEO, and Pamela Karalis, assistant vice president and community banking officer at Ben, were on hand to greet the crowds and participate in a ribbon-cutting ceremony with Brenda Fanara of the chamber, and Michael Driscoll, town manager. With the opening of the branch, Ben now has eleven convenient banking locations throughout Metrowest. Feel free to stop in at any of the Ben locations in Franklin, Bellingham, Milford, Medfield, Foxboro, Moody St. and Main St. in Waltham, Wellesley Hills, Newtonville and Watertown.
Tags: Finance
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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.
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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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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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.
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