Name: Brian White, MAI, SRA
Title: President, New Hampshire Chapter of the Appraisal Institute
Company: White Appraisal
Location: 130 Varney Rd., Dover, NH 03820
Place of birth and year: Easthampton, MA - 1959
Family: Wife, Joanne; sons, Zachary, Christopher, Adam
College: University of Southern Maine, BS in Business Management
First just outside of appraisal/consulting: Drove a beer truck for Budweiser in school
First job in appraisal/consulting or allied field: Fee Appraiser - Finlay Co., Portsmouth, NH
What do you do now and what are you planning for the future: I'm involved in the "Candidates for Designation" program. Advisors are assigned to each candidate. Associate membership no longer exists. Now you are a "practicing affiliate" instead.
Hobbies: Bicycling, golf, avid New England sports fan
Favorite movie: "The Patriot"
Person you most emulate (outside of family): Mitt Romney
Key to success (one idea): Hard work, pay your dues and everything will fall into place
If you were forced to choose another vocation what would it be? Real estate developer
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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.
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
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
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.