JPFCO
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J Pepper Frazier Company
Sep 1, 2008 JPFCO REAL ESTATE BUZZ
Issue: 117
A Bi-Monthly Newsletter About Nantucket Real Estate.

ISLAND HAPPENINGS
Nantucket Residential Design LLC, a premier custom builder and residential designer on island, is offering a new service to home owners on the island.

NRD has designed, built, and owns many successful rental properties on island and has subsequently made owning rental properties on ACK a successful business venture. NRD is looking to work with homeowners who are interested in updating their rental properties in terms of furniture, linens, tableware, lighting, accessories, audio/visual technology, renovating kitchens & baths, or expansions to their rental property. This type of investment in your property can come back to you in as little as one or two seasons in terms of rental income. The tenants today are choosing the most updated properties and NRD has the expertise and resources available to help you stay competitive. Please contact Melissa Meister at (508)326-7604 or mmeister@nantucketresidential.com

REAL ESTATE BUZZ
Brand New in Monomoy

Custom built estate with strong views of Nantucket Harbor. Nothing has been missed with three floors of finished living space, gunite pool, and carriage house. Featuring 5 bedrooms, 5.5 natural stone baths, chef's kitchen, 5 fireplaces, multiple decks, finished basement, three living rooms, wine cellar, entertainment room, double cased windows and doors, Perrin & Rohl fixtures, and Antique brick window wells and stairwell. To be completed by October 2008.
Details & Description

RENTAL BUZZ
Pet Friendly Rentals for 2009

If you are interested in a pet friendly house for 2009, please book it now. There are only a few houses that take pets and they get booked very quickly by all of the real estate offices. We are eager to accommodate all of our tenants' requests, but this is one that is best addressed very early in the season. Thank you.

MARKET CONDITIONS
Frazier's Law- Notes from Pepper the Elder...

What goes up must go down. Not necessarily. For thirty years, during every real estate down turn the same people show up and make "low ball" offers. Guess what? For thirty years they return home with an empty plate. Although, there may be price adjustments, it is rare in the "high-end" and rarer still to have an anxious "high-end" Seller. Is it possible to get a "good" deal? Yes. But the "good deal" lies in the fact, compared to places like the Hampton's and Aspen, Nantucket is still cheap. And that is the truth.
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