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News:
Finance
Posted: January 8, 2015
Professional Profile: Reynold Archambault, 2015
Name: Reynold Archambault, SRA
Title: President, Connecticut Chapter of Appraisal Institute
Company: Archambault & Associates
Location: 61 Bradley St., suite 3, Bristol, CT
Birthplace: New Haven, CT
Family: Wife Darylanne, children Ryan and Nicole
College: Providence College, BS in Accounting
First job outside of appraisal: Teller at Peoples Bank
First job in appraisal or allied field: Archambault & Associates, appraiser
What do you do now and what are you planning for the future? Increase attendance and camaraderie
Hobbies: Read and listen to music
Favorite book: "The Fifties" by David Halberstram
Favorite movie: "The Godfather" and "It's a Wonderful Life"
Person you emulate: Richard Murray
Key to success: Longevity
If you were to choose another vocation what would it be? Teacher, specifically History.
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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.
