News: Finance

Donald Gustafson 2012

Name: Donald Gustafson Title: President of the Fairfield Westchester Chapter of REFA Company: Shipman & Goodwin, LLP Location: 300 Atlantic St., Stamford, Conn. Place of birth and year: Norwalk, Conn. - May 27, 1953 Family: Wife, Kathy; children, John and Ann College: Catholic University - BA, International Relations; John Marshall Law School: JD First job in legal or allied field: Associate at Schatz & Schatz, Rubicoff & Kotkia What do you do now and what are you planning for the future: Continue membership growth; maintain programs, information seminars & talks related to the real estate world Hobbies: Time with family, golf, jog Favorite book: "Unbroken" by Laura Hillenbrand Favorite movie: "The Godfather" Person you most emulate (outside of family): Abe Lincoln Key to success (one idea): Hard work, diligence If you were forced to choose another vocation what would it be?: Coach basketball
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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
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.
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
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.