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News:
Finance
Posted: March 10, 2010
Steven Spangle 2010
Name: Steven Spangle, SRA, MRA
Title: Principal
Company: Spangle Associates
Location: 482 Southbridge St., Unit 211, Auburn, Mass. 01501
Birthplace: Sheboygan, Wisconsin
Family: Wife, Janice; children: Anthony and Michelle
College: University of Wisconsin, BS in Criminal Justice, School of Social Work
First job outside of appraisal: Managed a liquor store
First job in real estate or allied field: Fee appraiser for Balshmider and Schils
What do you do now and what are you planning for the future? Work as a contractor for Fannie Mae and do full time appraisal work in Massachusetts.
Hobbies: Golf, reading
Favorite book: "We Were Soldiers Once, and Young" by Lt. Gen. Harold Moore and Joseph L. Galloway
Favorite movie: "Avatar"
Person you admire most (outside of family): Tony Trodella
Key to success: Hard work
If you had to choose another vocation what would it be? Teaching
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Finance
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Columns and Thought Leadership
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
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.
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
