News: Finance

The Mass. chapter of the A.I. held it's holiday meeting and installation of officers/directors

President: David Cary Jr., MAI Vice President: William LaChance, MAI, SRA Treasurer: J. Michael Tarello, MAI Secretary: Barrie Gaman, MAI Immediate Past President: Christopher H. Bowler, MAI, SRA Directors for a 3-year term: Steven Elliott, SRA; John Drew Directors for a 2-year term: Edward Bowler, MAI, SRA; Kent Kopke, MAI, SRA; Jonathan Avery, MAI, SRA Directors for a 1-year term: Joseph Comperchio, SRA; Karen Hanlon, MAI; Alec Holliday, MAI Regional Representatives: 2 yr: John Petersen, MAI, SRA; James Marotta, MAI Regional Representatives:1 yrs: William LaChance, MAI, SRA; Barrie Gaman, MAI 2008 Board President: Christopher Bowler, MAI, SRA Vice President: David Cary Jr., MAI Treasurer: William LaChance, MAI, SRA Secretary: J. Michael Tarello, MAI Immediate Past President: Patrick Cavanagh, MAI Directors for a 3-year term: Edward Bowler, MAI, SRA; Kent Kopke, MAI, SRA; Jonathan Avery, MAI, SRA Directors for a 2-year term: Joseph Comperchio, SRA; Barrie Gaman, MAI; Karen Hanlon, MAI Directors for a 1-year term: Linda Ahern, MAI, SRA; Steven Elliott, SRA Regional Representatives: 2 yrs: William A. LaChance, MAI, SRA; Barrie Gaman, MAI Regional Representatives:1 yr: Mark Tyburski, MAI, SRA; David L. Cary, Jr. MAI
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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

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.
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