Not for long because the conservation groups are buying it all up, but that is great for all of us who love Nantucket (and like our property values to go up)! Nantucket has some of the strongest conservation foundations/efforts in the world. A group of great Nantucketers had the foresight to found the Nantucket Conservation [...]
I grew up in a real estate family. I have been hearing real estate deals being negotiated since I was 3 months young. Sometimes I would hear my mom say, “How’d the third showing with so and so go?” My dad would say, “Libby, it’s never a good sign if they want to see the [...]
To a layman looking on at a real estate auction, it seems straight forward-a bidder has the max she will bid, she’ll go back and forth with other bidders until a) she is tapped out or b) she wins the auction. Au contrair mon ami. Auctions have a lot more to them than meets the [...]
My dad always told me that Nantucket is one of the last ones in and first ones out of a bust. That’s another way to say that Nantucket is a very safe place to invest and/or park your money. Another way to see the strength of an investment is to look at capitalization rates. Cap [...]
National real estate statistics are just that-national. Although the national February numbers for new construction home sales and pre-existing home sales numbers were not what many had hoped for, these numbers take into account the US as a whole. But, there are many parts to the whole and Nantucket is one part. There are areas [...]
J Pepper Frazier Company just successfully brokered and closed another short sale on Nantucket-70 Pochick Avenue. Although I was working on the deal for 6 months, once Chase assigned the case a negotiator, in the sixth month, I was actually able to communicate with someone and move the deal along smoothly, basically as a conventional [...]
The Independent came out with another article in the series on Nantucket real estate. It⦡mp;#8364;™s titled ⦡mp;#8364;œIf there⦡mp;#8364;™s a will, there may be a way⦡mp;#8364;? and it addresses financing issues with bank loans and borrowing money. The other articles in this series include: 1. Market has reached unprecedented highs 2. Forget location and think appreciation
The global boom in house prices has been driven by two common factors: historically low interest rates have encouraged home buyers to borrow more money; and households have lost faith in equities after stockmarkets plunged, making property look attractive. Will prices now fall, or simply flatten off? And in either case, what will be the [...]
There is a well written article in from the Nantucket Independent addressing how the island€™s real estate market has risen, dipped and surged to new heights in over three decades. €œThe old-line Yankees aren€™t as plentiful as they used to be,€ said our own Pepper Frazier, Sr. €œBostonians are still here, but the New York [...]
To make a smart choice on a home mortgage, you need to know which fees to pay attention to and which costs to ignore until later. Some lenders are more thorough than others when they estimate the fees and taxes involved in a transaction, making it confusing to comparison-shop. taxes, title insurance and prepaid items [...]
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