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News:
Finance
Posted: April 12, 2012
Cebula promoted to commercial loan officer at Westfield Bank - focus on small business
According to Westfield Bank president and CEO James Hagan, Thomas Cebula has been promoted to commercial loan officer.
Cebula has 15 years of commercial and retail banking experience. As commercial loan officer, he will focus on small business lending. Cebula previously served as branch manager of the Southampton Rd. branch.
After receiving his undergraduate degree from Babson College, Tom earned his MBA from Western New England University.
He is a lifelong Wilbraham resident, and a member of the Minnechaug Regional High School Alumni Hall of Fame for service to the community.
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Finance
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Columns and Thought Leadership
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
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
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
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.
