News: Finance

REFA's Golf Tournament and 25th Annual Gala honoring mayor Menino

The REFA Annual Charitable Golf Tournament will be held on Monday, July 22nd at Blue Hill Country Club in Canton, Mass. to benefit HomeStart, Inc. and Project Hope. Over 130 REFA members participate in the outing to raise money to benefit the charities. Representatives from both charities will be present at the reception and dinner to share more about their organizations and how the support from the tournament impacts them. REFA is proud to support local charities like HomeStart, Inc. and Project Hope throughout the years. REFA's 25th Annual Gala - Honoring Mayor Thomas Menino - October 17th Mayor Thomas Menino will be the recipient of the Robert S. Swain Jr. Distinguished Service Award at the 25th Annual REFA Gala, to be held Thursday, October 17th at Westin Copley Place. Mayor Menino will join an elite list in the real estate community of past recipients; most recently Joe Fallon of the Fallon Company in 2012, Thomas Hynes of Colliers International in 2011, and Thomas DeSimone of WS Development in 2010. The first honoree, Marvin Siflinger, now with Housing Partners, Inc., was honored in 1989 while working for The Massachusetts Housing Finance Authority. REFA has also recognized three families over the course of the award's history. The REFA Gala, which attracts over 500 real estate professionals, has long been a celebration of the organization's accomplishments, as well as recognizing those who have made significant contributions to the real estate industry and community. For more information about REFA or their upcoming events, visit http://www.gbreb.com/REFA
Tags: Finance
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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.
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.
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