News: Finance

Jurilla joins The Village Bank as vice president of retail banking

According to Kenneth Brennan, president and CEO of The Village Bank, Mark Jurilla has joined the bank as vice president of retail banking. In this newly created position, he will direct all retail banking functions and resources, products and programs. Jurilla joins The Village Bank with over 15 years of senior retail sales management experience. He was previously with First Commons Bank N.A., where he served as senior VP and chief retail officer, responsible for retail branch banking, retail operations, residential and consumer lending, business development and business-to-business outreach. He was hired by First Commons as vice president/branch manager in 2009, during the organization's start-up period, with oversight for retail development, product launches, and deposit growth. Prior to that time, Jurilla served seven years with RBS Citizens, N.A. in Newton Centre where, as vice president/branch sales manager, he managed overall performance of retail sales, business banking, commercial lending and investment services in the Newton market.
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The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.
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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

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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