News: Finance

Paula Wolfe 2013

Name: Paula Wolfe Title: President of Mass. Board of Real Estate Appraisers Company: East Bridgewater Assessor's Office Location: 175 Central St., East Bridgewater, MA 02332 Place of birth and year: East Bridgewater, 1961 Family: Single - 3 children College: Massasoit College; Fisher Junior Community College First job outside of appraisal/consulting: Manager for a trucking company First job in appraisal/consulting or allied field: Field appraiser for Precision Appraisals What do you do now and what are you planning for the future: I plan to expand the MBREA into a more regional group in New England. We want to reach out to other appraisal organizations and have a stronger one. Hobbies: Time with family, boating, skiing, snowmobiling, reading Favorite book: "The Four Hour Chef: The Simple Path to Cooking Like a Pro;" "Learning Anything and Living the Good Life" by Timothy Ferris Favorite movie: "The Way We Were" Person you most emulate (outside of family): Jackie Onassis Key to success (one idea): Hard work If you were forced to choose another vocation what would it be? Food travel writer
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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

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
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.
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
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.