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News:
Finance
Posted: January 13, 2011
George Shahwah Jr. 2011
Name: George Shahwah Jr., MAI
Title: President, Connecticut Chapter of the Appraisal Institute
Company: Baldwin Pearson & Company, Inc.
Location: 10 Middle St., Bridgeport, CT 06604
Birthplace and year: Bridgeport, Conn., 1960
Family: Wife, Annette; children: Daniel and Christine
College: Muhlenberg College, BS in Business Administration
First job outside of appraisal: Commercial-industrial real estate sales, Baldwin Pearson
First job in appraisal or allied field: Fee appraiser, Baldwin Pearson
What do you do now and what are you planning for the future? Offer the best educational courses to appraisers; get associate members designated as MAI or SRA, fight proposed legislation of "broker price opinion letters," which remove input on property from appraisers.
Hobbies: Golf, flying, fishing, tennis
Favorite movie: "It's a Wonderful Life"
Keys to success: Hard work, honesty, tell it like it is; your reputation is everything.
If you had to choose another vocation what would it be? Fly fishing guide on the Big Horn River in Montana
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Quick Hits
Columns and Thought Leadership
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.
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
