Name: William LaChance
Title: MAI, SRA
Company: Petersen/LaChance Realty Advisors
Loction: 100 Conifer Hill Dr., Ste. 206, Danvers, Mass.
Birth place and year: Salem, Mass., 1953
Family: Wife, Judy, son, James and daughters, Kate and Suzanne
College: Massachusetts College of Liberal Arts
First job outside of appraisal: Farming, grew vegetables
First job in real estate or allied field: Brokerage
What do you do now and what are you planning for the future? Provide real estate appraisal and consulting services to select clients. Continue to improve my skills to be of greater value.
Hobbies: Fishing, scuba diving
Favorite book: "The Old Man and the Sea"
Favorite movie: "To Kill a Mockingbird"
Person you admire most (outside of family): No one person, traits of several
Key to success: Make a plan with a series of achievable objectives then move ahead with vigor and focus.
If you had to choose another vocation what would it be? Investigator
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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
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.
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.
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