News: Finance

David Cary 2009

Name: David Cary Title: President, Mass. Chapter of the Appraisal Institute Company: Integra Realty Resources Location: 30 Congress St., Boston, MA 02210 Birthplace and year: Boston, Mass., 1965 Family: Wife, Kate, 3 children College: Brown University, BA, Business Economics First job outside of appraisal: Leased apartments for Bayview Realty First job in appraisal or allied field: Associate at Leggat McCall & Werner What do you do now and what are you planning for the future? Continue to offer high quality education and networking opportunities to members and continue to build relationships with other real estate organizations. Hobbies: Reading, skiing, golf Favorite book: "Battle Cry" by Leon Uris Favorite movie: "The Godfather" Person you admire most (outside of family): Bud Warmington (former employer) Key to success: Hard work If you had to choose another vocation what would it be? Carpenter
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Columns and Thought Leadership
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
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.
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.