Name: Jonathan Frank, MAI
Title: President, N.H. Chapter of the Appraisal Institute
Company: F & M Appraisal
Location: 87 Union Square, Milford, NH 03055
Birthplace and year: New York City, 1955
Family: Wife, Ginny; children: Jessica, Michael and Jason
College: University of Wisconsin, Madison, BS, in Political Science
First job outside of appraisal: Counted inventory in grocery stores
First job in real estate or allied field: Staff appraiser for Ginther Wycoff Appraisals
What do you do now and what are you planning for the future? Expand educational offerings and increase membership.
Hobbies: Skiing and hiking
Favorite book: "The Wind in the Willows" by Kenneth Grahame
Favorite movie: "Citizen Kane"
Person you admire most (outside of family): James Graascamp
Key to success: Work hard and remember replacement costs.
If you had to choose another vocation what would it be? Run produce department at Market Basket
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.
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 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
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.