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News:
Finance
Posted: May 12, 2010
Roger Durkin 2010
Name: Roger Durkin, ASA
Title: Appraiser/Attoreny
Company: Durkin Valuation Consultants
Location: 234 Lewis Wharf, Boston, Mass. 02110
Birthplace and year: Lowell, Mass. - 1940
Family: "Boss" Nancy, four children and eleven grandchildren
College: Merrimack College - BA Sociology; Lindenwood College - Masters of Science; Mass School of Law - JD
First job outside of appraisal: Stockbroker - Security planners in Boston.
First job in appraisal or allied field: Valuation appraisal for Synercap
What do you do now and what are you planning for the future? We provide litigation related appraisals and appraisal of government property seized. Also we perform environmental valuation on the diminution of property (ie oil spills). I teach USPAP for ASA and international groups. I also perform narrative report writing and testifying as an expert witness.
Hobbies: Write and shoot pistols
Favorite book: Anything by Robert Ludlum
Key to success: Positive attitude and persistence
If you had to choose another vocation what would it be? Endocrinology Psychiatry
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Finance
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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.
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
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
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.
