Thinking of investing in Nantucket?

But before you invest in Nantucket real estate, you should obtain a professional appraisal, from an appraiser whose only interest is "determining market value" of the property your considering.

It's easy to protect yourself, just remember agents are licensed to sell property and appraisers are licensed to appraise properties.  Hire a professional appraiser for your interests, instead of relying on the bank appraiser or broker who is serving the interests of the lender or seller.

Perhaps your considering multiple properties. There are cost effective ways to protect yourself by ordering a variety of cost effective appraisal products including; exterior only, limited or desktop valuations.

It's smart to always have an inspection done before closing on a property. It's equally important though to obtain an opinion of value from an appraiser. An inspector will tell you if everything that is present in the structure is functioning properly, what repairs may need to still be done, and whether there are any safety or soundness issues with the property. An appraiser can translate that into dollars. As rehabilitated, is the property worth what it's selling for? If something unexpected happened and you needed to sell right away, would you be able to recoup your investment?

As an investor, you need and deserve to know. Protect your interests with the help of a professional appraiser.