 (1).gif)
News:
Finance
Posted: February 12, 2009
Robert Lynch 2009
Name: Robert Lynch
Title: President, Maine Chapter of the Appraisal Institute
Company: Fiserv Lending Solutions
Location: 66 Mustay Rd., Scarborough, Me. 04074
Birthplace and year: Millinocket, Me., 1963
Family: Wife, Barbara; daughters: Jillian and Andrea
College: University of Southern Maine, BS, Geography; graduate course at Husson College
First job in appraisal or allied field: Commercial trainee and research assistant for Finlay Appraisal
What do you do now and what are you planning for the future? Work on goals to increase membership and broaden it across the state of Maine. Deal with regulation issues on the mortgage industry.
Hobbies: Time with family, reading, exercise: run, bicycle, lift weights
Favorite book: "Seven Years in Tibet"
Favorite movie: "Field of Dreams"
Key to success: Be a good listener to your clients' needs.
If you had to choose another vocation what would it be? Construction
MORE FROM Finance
Funding your project: Available, but expensive, in many ways - by Daniel Calano
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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
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
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.
