Name: Charles "Guy" Andrews, SRA
Title: President, Vermont Chapter of the Appraisal Institute
Company: CMA Appraisals, Inc.
Location: 565 Barnes Rd., Monteplier, VT 05602
Place of birth and year: Burlington, VT - 1963
Family: Wife, Lauren; Daughters, Meredith and Devon
College: Paul Smith College - associate degree in Hotel Management
First job outside appraisal: Dishwasher at Dejavu Café in Burlington
First job in appraisal: Fred Blais Appraisers - trainee
What do you do now and what are you planning for the future: We are hiring an executive director (Jackie Beauchame who is also ex. dir. of CT chapter) to run day to day affairs. I plan to implement strategic planning; institute strong committees; institute educational programs; encourage members to become designated; attract new members
Hobbies: Cooking, collect wine, travel
Favorite book: "Shibumi" by Trevanian (pseudonym for Rodney William Whitaker)
Favorite movie: "Best in Show"
Person you most emulate (outside of family): Ed Friihauf, MAI
Key to success (one idea): "POLITE" - Professional, Organized, Limber, Intelligent, Timely, Educated
If you were forced to choose another vocation what would it be?: Professional Chef
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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
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
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.
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.