News: Finance

Professional Profile: Joseph Comperchio, 2014

Name: Joseph Comperchio Title: President, Mass. & RI Chapter of Appraisal Institute Company: JP Morgan Chase - div. Comm'l. Term Lending Location: One Federal St., Boston, MA 02110 Place of birth and year: Arlington, MA Family: Wife, Audrey; Children, Michael and Christine College: U Mass Amherst - BS Business Admin-Marketing First job outside of appraisal: Restaurant Mgmt. - The Rusty Scupper, Acton First job in allied field: Worked for Avery Associates as appraiser What do you do now and what are you planning for the future: Get our candidates designated and work in RI formulating programs for them. Hobbies: Woodworking - small cabinet work, golf Favorite book: "A Tale of Two Cities" Favorite movie: "Remember the Titans" Person you most emulate (outside of family): Jon Avery Key to success (one idea): Hard work & luck If you were forced to choose another vocation what would it be?: Cabinet maker
Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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