Name: George Sargeant, SRA
Title: President, Vermont Chapter of the Appraisal Institute
Company: Sargeant Appraisal Service
Location: 8 Sonic Dr., Rutland, VT 05701
Birthplace and year: Rutland, Vt., 1942
Family: Wife, Bonnie; sons: Sean, Seth and Stefan
College: Castleton State College, BS, Education; St. Joseph's College, MS, Special Education
First job outside of appraisal: Taught science at Rutland High School
First job in real estate or allied field: Started Sargeant Appraisal Service
What do you do now and what are you planning for the future? Educate and train appraisers to become better at what they do.
Hobbies: Hunting, fishing, boating
Favorite book: "Ten Hours Until Dawn" by Michael Tougias
Favorite movie: Action movies, anything with Clint Eastwood
Person you admire most (outside of family): Ronald Reagan
Key to success: Work, education, keep learning
If you had to choose another vocation what would it be? CEO of my own company
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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.
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.
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
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