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News:
Finance
Posted: January 8, 2015
Professional Profile: Christine Hume, 2015
Name: Christine Hume, MAI
Title: President, Maine Chapter of Appraisal Institute
Company: Kennebunk Savings Bank
Location: 50 Portland Rd., Kennebunk, ME
Birthplace: Brattleboro, VT
Family: Husband Eric, twin daughter, Erin and Paige
College: University of Vermont, BA Economics, minor Political science; University of New Hampshire, MS Public Administration
First job outside of appraisal: Teller at Bank North Group
First job in appraisal or allied field: Trainee at Moran & Associates in Conn.
What do you do now and what are you planning for the future? Get more members designated; try to better serve all of our members statewide; continue with chapter developed educational opportunities.
Hobbies: Ski, golf
Favorite movie: "Love Actually"
Person you emulate (outside of family): Jim Moran
Key to success: Believe that there is nothing you can't do.
If you were to choose another vocation what would it be? Golf Pro
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Finance
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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
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
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.
