News: Finance

Breakfast with the Experts: Reviewing Your Report - September 24

Have you ever wondered what a team of expert appraisers would say about your reports? You want every report that leaves your office to be complete and accurate. How do you accomplish a thorough review of your report when you are a solo practitioner or don't have proofreading resources? MBREA's upcoming Breakfast with the Experts, on September 24 at 8 a.m. at Four Points by Sheraton Hotel 1125 Boston Providence Tpke., brings together a panel of seasoned appraisers who will share their best practices and procedures for reviewing their work before it is sent to the client. They are positive you will leave the breakfast with several ideas for writing reports that will wow your clients. The panel includes commercial and residential solo practitioners and appraisal company managers. The panel of experts includes: * Jonathan Asker, RA * Gary Minnehan, RA * William Pastuszek, MRA * Steven Spangle, MRA Some of the specific report review practices we will discuss include: * Consistency and logic * Spelling & grammar checks * Verifying mathematical calculations * The dangers of cloning * Creating effective templates * Addendum contents and completeness * Photos and exhibits * Resources for solo practitioners * Designations and peer reviews * Appraisal software scrubbers Credit Information: This program has been approved by ME and submitted to CT, MA, NH, RI and VT for up to 3-hours of continuing education credit. Fees: $95 members; $125 non-members
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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

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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.
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
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.
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