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News:
Finance
Posted: January 12, 2012
Tyler Brown 2012
Name: Tyler Brown
Title: President, Conn. Chapter of Appraisal Institute
Company: Cornerstone Real Estate Advisors
Location: One Financial Plaza, 17th Fl., Hartford, CT 06103
Birthplace and year: Hartford, Conn., 1964
Family: Wife, Colleen; children: Cassidy, Luke, Paige
College: University of Wisconsin, Madison, BS, Bus. Admin.; major; Finance & Marketing; Masters in R.E. Investment
First job in appraisal or allied field: Heberger & Assoc. - Fee appraiser
What do you do now and what are you planning for the future? React and implement the potential changes from the institute to a society model and candidacy for memberships; focus on profitability for the chapter through member initiatives.
Hobbies: Play ice hockey, indoor rowing, study the German language
Favorite book: "The Red Knight of Germany"
Favorite movie: "Butch Cassidy and the Sundance Kid"
Key to success: Organization
Person you admire most (outside of family): Ned Heberger
If you had to choose another vocation what would it be? Stock portfolio manager
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Finance
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Columns and Thought Leadership
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
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.
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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
