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Finance
Posted: April 9, 2015
Professional Profile: Richard Simmons, 2015
Name: Richard Simmons Jr., RA
Title: President, Massachusetts Board of Real Estate Appraisers
Company: Town of Lynnfield Assessor's office
Location: 55 Summer St., Lynnfield, Mass.
Birthplace: Gardner, Mass.
Family: Divorced
College: Nasson College, Springfield, Maine - BA English Literature
First job outside of appraisal: Sales at Eastern Mountain Sports
First job in appraisal or allied field: Joined Simmons Associates in 1981 with my father.
What do you do now and what are you planning for the future? Maintain the organization, increase membership and its presence regionally.
Hobbies: Backpacking, downhill skiing and bicycling.
Favorite book: Elizabethan drama
Favorite movie: "One Flew Over the Cuckoo's Nest"
Person you emulate (outside of family): Allan Caprone
Key to success: Due diligence and hard work.
If you were to choose another vocation what would it be? Own a bicycle touring company.
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Finance
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Quick Hits
Columns and Thought Leadership
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
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.
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.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
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