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News:
Finance
Posted: January 7, 2009
Frederick Richard 2009
Name: Frederick Richard, MAI
Title: President, Connecticut Chapter of the Appraisal Institute
Company: Babson Capital Management
Location: 1500 Main St., Springfield, MA 01115
Birthplace and year: Hartford, Conn., 1970
Family: Wife, Julia; 2 children
College: University of Connecticut, BS, Finance
First job in real estate or allied field: Heberger & Associates, staff appraiser
What do you do now and what are you planning for the future? Maintain and increase membership by offering more educational benefits, deal with the credit crunch, changing markets
Hobbies: Time with family, play the piano and guitar, listen to music
Favorite book: "The Stand" by Stephen King
Favorite movie: "Star Wars"
Person you admire most (outside of family): Ned Heberger
Key to success: Do the right thing by your colleagues and peers.
If you had to choose another vocation what would it be? Musician
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Quick Hits
Columns and Thought Leadership
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.
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.
