News: Finance

Dudley Alleman 2012

Name: Dudley (Skip) Alleman Title: President, Hartford Chapter of REFA Company: HRP Associates Location: 197 Scott Swamp Rd., Farmington, Conn. Place of birth and year: Kisco, NY - 1957 Family: Wife, Sharon; son, Jackson; daughter, Jordana; grandson, Dylan College: Central Conn. State University - Environmental Biology First job in finance or allied field: Chemistry Lab Tech - GRC Environmental What do you do now and what are you planning for the future: Oversee committees involved in programs or events, membership and sponsorship throughout the year. Hobbies: Time with family, bicycling, kayaking Favorite book: "Unbroken" by Laura Hillenbrand Favorite movie: "The Last of the Mohicans" Person you most emulate (outside of family): Richard Garibaldi, MD Key to success (one idea): Laugh often, be good to others If you were forced to choose another vocation what would it be?: Play guitar with Mark Knopfler of Dire Straits
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Columns and Thought Leadership
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.
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