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News:
Finance
Posted: January 9, 2008
Wayne Valliere President Mass. Board of Real Estate Appraisers
Name: Wayne Valliere, RA
Title: President, Mass. Board of Real Estate Appraisers
Company: Barnstable/IFA Plymouth Appraisal Services
Location: P.O. Box 697, Buzzards Bay, MA 02532
Birthplace and year: New Bedford, Mass., Nov. 25, 1949
Family: Wife, Rachael
College: New England Institute of Technology, BS, Engineering
First job outside of appraisal: Technical specialist at a high tech company
First job in real estate or allied field: High Point Real Property Appraisers, staff appraiser
What do you do now and what are you planning for the future? 2008 criteria need to be brought up to date. Plan to get more involved with congressional leaders in the Bay State to effect change in some laws, i.e., sub-prime situation.
Hobbies: Time with family
Favorite book: "My Grandfather's Son" by Clarence Thomas
Favorite movie: "Master and Commander"
Person you admire most (outside of family): Hyman Rickover
Key to success: Hard work, hard work, hard work
If you had to choose another vocation what would it be? King
MORE FROM Finance
Project of the Month: DeLucia and De Lise completing a $10m investment at 967 Elm St. in Manchester NH known as Rendezvous on Elm
Manchester, NH Most multifamily renovations start with a standard stack: a few floor plans that are copy/pasted up multiple floors. Rendezvous on Elm began somewhere else entirely. 27 residences, 27 different floor plans, and a $10 million project built around the idea that a boutique building should feel boutique, from each angle and for every resident.
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Quick Hits
Columns and Thought Leadership
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
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.
