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News:
Finance
Posted: January 6, 2010
Gary Minnehan 2010
Name: Gary Minnehan
Title: President, MBREA
Company: Affiliated Appraisal
Location: 36 Charles St., Abington, Mass. 02351
Birth place and date: Brockton, Mass., Mar. 2, 1956
Family: Wife, Theresa; children, Michael, Brian and Bridget
College: Bridgewater State College, BA Education; Associate, Business, Massasoit College
First job outside of appraisal: Real estate sales, Horizon Realtors
First job in real estate or allied field: Fee appraiser locally
What do you do now and what are you planning for the future? At present, appraisal management legislation; keep up our membership drive; renegotiated lease to reduce space in Dedham, smaller space, recertification USPAP program.
Hobbies: Drawing and painting
Favorite book: "Work Like Your Dog," Matt Weinstein
Favorite movie: "Pink Panther"
Person you most admire: Tony Trodella
Key to success: Thinking
If you had to choose another vocation what would it be? Artist
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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.
