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News:
Finance
Posted: September 11, 2015
Upcoming Mass./RI chapter of the Appraisal Institute events and offerings
• Business Practices and Ethics, September 17
• Hewitt/McKinney/Kinsella Golf Tournament on September 21, at the Blackstone National Golf Club in Sutton, MA
• September Chapter Meeting and Two Hour CE program September 22, at Newport Vineyards, Middletown, RI
• General Appraiser Sales Comparison and Cost Approach September 23-26
• USPAP 7 hour update September 29
• Economic Update, October 6
• Board of Directors Meeting and Candidate Guidance, October 8
• Residential Market analysis and HBU, Oct 14-15
• N.E. Appraisers Expo on October 19, at the Four Points by Sheraton, Norwood, MA
• General Appraiser Site Valuation and Cost Approach, October 21-24
• Contract or Effective Rent: Finding the Real Rent, October 29
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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Quick Hits
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
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.
