News: Finance

Professional Profile: Terance O'Mahoney, 2014

Name: Terance O'Mahoney, SRA & MAI Title: President, Maine Chapter of the Appraisal Institute Company: SC Valuation Group Location: PO Box 419, Kittery, ME 03904 Place of birth and year: Plymouth, England - 1937 Family: Wife, Kimberly; Children, Chase and Aine College: Articled pupil under auspices of Royal Institution of Chartered Surveyors First job in real estate or allied field: Wells Fargo Bank - appraiser What do you do now and what are you planning for the future: Continue education program; two new designations for review appraisers will be instituted Hobbies: Travel Favorite book: "Small Wars, Faraway Places" by Michael Burleigh Favorite movie: "Philomena" Person you most emulate (outside of family): Gerry Adams, president of Sinn Fein Key to success: Education
Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.