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News:
Finance
Posted: March 12, 2015
Professional Profile: Joseph Carelli, 2015
Name: Joseph Carelli
Title: Chair - New Hampshire Bankers Assn.
Company: Citizens Bank of New Hampshire & Vermont
Location: 875 Elm St., Manchester, NH
Birthplace and year: Chelmsford, MA - 1958
Family: Wife - Paula; Children - Alexandra, Christine, Devon
College: University of Massachusetts - BSBA Business Administration
First job in banking or allied field: Loan officer in-training - First Bank, Chelmsford, Mass.
What do you do now and what are you planning for the future? Work with our president Christiana Thornton and staff to promote the general welfare and public perception of banking institutions and also to raise awareness and promote dialogue around issues important to our industry, our associate members and our clients.
Hobbies: Time with family, skiing, running, bicycling
Favorite book: "Unbroken" by Laura Hillenbrand
Key to success (one idea): Build trust, high integrity and strong morals
If you were forced to choose another vocation what would it be? Forest ranger
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Finance
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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.
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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.
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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
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