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Finance
Posted: May 7, 2008
Peter Vadala President Vadala Real Estate Appraisals
Name: Peter Vadala
Title: President
Company: Vadala Real Estate Appraisals
Location: 9 Dr. Osman Babson Rd., Ste. D, Gloucester, Mass. 01931
Birthplace and date: Gloucester, Mass., 1950
Family: Wife, Denise; sons: Mark, Josh and Dan
College: Bridgewater State College, BA, History
First job outside of appraisal: Gorton's of Gloucester, in quality control
First job in appraisal or allied field: Appraisals, Inc., residential appraiser.
What do you do now and what are you planning for the future? Our firm offers commercial and residential appraisal and consulting services. We plan to continue to grow. I also serve on the MBREA board.
Hobbies: Running (including marathons), garden, travel, reading.
Favorite book: "Biography of Harry Truman" by David McCullough
Favorite movie: "The Godfather"
Person you admire most (outside of family): Bob Bostrom
Key to success: Provide service to your customers.
If you had to choose another vocation what would it be? Civil engineer or architect.
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Quick Hits
Columns and Thought Leadership
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
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
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
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
