News: Finance

Walsh hired as senior vice president of Eastern Bank's wealth management division

Eastern Bank has hired William Walsh as senior vice president in charge of the bank's wealth management division. Walsh brings more than 20 years of experience in the financial services industry to Eastern Bank. Prior to joining Eastern, Walsh was a director and planning officer at Weston Financial Group, a wealth management firm in Wellesley. From 2001 to 2009, Walsh served as a senior vice president at Bank of America/US Trust, where he managed a team of 14 private client advisors and private client managers serving high net worth clients. Walsh is a Certified Financial Planner and earned his bachelor's degree in Business Administration from Salem State College. He earned a diploma in Financial Planning at Boston University, where he has worked as an adjunct professor since 1996. About Eastern Bank Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with $7.6 billion in assets and more than 90 branches serving communities from the Merrimack Valley to Cape Cod. Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers' needs so it can deliver these services in a committed and personal way. Eastern Bank includes Eastern Wealth Management and Eastern Insurance.
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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.
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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
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Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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