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News:
Finance
Posted: January 13, 2011
John Tarello 2010
Name: John Tarello, MAI, ASA, MRA
Title: President, Mass. Chapter of the Appraisal Institute
Company: Vision Appraisal
Location: 44 Bearfoot Rd., Northboro, MA 01532
Birthplace and year: Cambridge, Mass., 1961
Family: Wife, Laura; children: Ryan and Ashley
College: University of Massachusetts, BS in Hotel Management; Western New England College, MBA with a concentration in Information Systems
First job outside of appraisal: Beverage manager and wine steward at the Harvard Club
First job in appraisal or allied field: Fee appraiser for Cameron Bishop Appraisal
What do you do now and what are you planning for the future? As president of Mass. Chapter AI, I plan to continue alliances with other groups through meetings and the sharing of information, produce education courses and seminars for members, get associate members designated, expand membership, promote quality standards in appraisal practice for all of our members.
Person you admire most (outside of family): Tony Amassa
Keys to success: Be passionate about something; be persistent
If you had to choose another vocation what would it be? Golfer
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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
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.
