News: Finance

New England Appraisers Expo will be held October 18th at Sheraton Four Points Hotel, Norwood, Mass.

The New England Appraisers Expo will be held October 18th. The expo wil be returning to the Sheraton Four Points Hotel, Norwood, Mass. where attendees will enjoy great programming and an outstanding buffet lunch. The MBREA and the Mass. Chapter of the Appraisal Institute are busy working on programming for the day. Preliminary ideas include a combined (residential and commercial audiences) session featuring an economist and regulatory experts. After the combined program, the audience would move to either the residential or commercial specialized programming for the balance of the day. They expect to have details wrapped up soon and registration should begin early in September. Anyone who wishes to receive email notices about the Expo should contact MBREA at staff@mbrea.org to be added to the Expo email list.
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Columns and Thought Leadership
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
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
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.
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.