News: Finance

Light joins Bridgewater Savings as assistant vice president and branch officer at Bridgewater Center office

Bridgewater Savings welcomes one of its newest employees, Katherine Light, as she joins the Bridgewater Center office as an assistant vice president, branch officer. Light comes to Bridgewater Savings with over 15 years of experience in the financial services industry. Prior to joining Bridgewater Savings, she served as assistant vice president and branch manager at Cambridge Savings Bank, where she led improvements in customer service and saw significant branch growth. "We are fortunate to have someone as talented and forward-thinking as Katherine joining our team," said James Lively, president and CEO of Bridgewater Savings. "She has shown tremendous leadership in both her community and the workplace, and it's an honor to have someone with her knowledge and experience helping to lead our bank forward." Light graduated cum laude from the College Conservatory of Music at the University of Cincinnati in 1991, and she received her MBA from the McCallum Graduate School of Business at Bentley College in 2002. She is the former Chairperson of the Burlington Area Chamber of Commerce, and a former member of the Somerville Chamber of Commerce Board of Directors.
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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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
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.