taberna18thhole.jpg New Bern, NC, is a "small town gem," and the local community of Taberna's golf course shows polish of its own.

 

    One of the great things about my job is that I become friends with people from around the world without actually meeting them.  They find my site, I find theirs, and we wind up exchanging chitchat about golf, golf communities, and even politics.  The relationships grow without any of those icky issues of body language or the nuances of pauses or sighs that

McCain and Palin's contention to the contrary, words do matter.

can sometimes be misconstrued as something more than they are.  And I can never blame them for having passed on their germs to me during the cold season.  Our connections are based strictly on written words and, despite what Sarah Palin and John McCain tried to pin on Barack Obama during the U.S. Presidential campaign, words do matter.
    I have made two especially interesting contacts in the last few weeks with people whose well-written and well-constructed web sites cover different territories than the one you are reading now but are excellent resources for those contemplating a relocation to a golfing area -- or who dream of such.
    Jeffrey Prest is the blogmaster for CheapGolfsFinestHoles.com, a web site dedicated to exactly what the name implies.  He reviews "first-rate holes on third-rate courses" whose green fees are about £30, or $50 US at the current exchange rates.  It is an inspired and perfectly timed idea in the current economy, especially for those of us -- count me in the group -- who are seriously contemplating giving up their private club membership and hunting for bargains in daily fee golf.  As Jeffrey grows his portfolio of golf holes, including a fair number in the U.S., his site will only get better.
    As I write this, my new friend Bill Durell and his better half are driving the back roads of the U.S. south, somewhere between Mississippi and his winter home in Texas.  Armed with a camera, map, notepad and sense of adventure, the Durells are stopping at as many small towns as they can along the way.  Those towns that meet their strict specs (see their web site for the criteria) make the grade and get the full treatment at SmallTownGems.com. That means dozens of photos and a full description of local history and lifestyles.  I admire Bill's brutal honesty; he has a "disqualified" list of towns that fall short of "gem" status and a Hall of Shame for those that fall way short.
    Some of the small town gems are in great golfing areas and are worth considering if you don't necessarily require the amenities offered in many planned communities.  Some golfing rich small town gems that receive a gold star from Bill include New Bern, NC, Williamsburg, VA, Jonesborough, TN, Fernandina Beach and St. Augustine, FL, and Madison and Jekyll Island, GA.  

    Condo developers in New York City have run into the perfect storm.  Buoyed by foreign money and a wild-west mentality at the turn of this century, developers figured they could not go wrong by buying up and renovating existing hi-rise buildings or plowing over older buildings and putting up new hi-rise condos.  Many of those projects began selling units earlier this year, just in time for the financial market meltdown and the massive job losses on Wall Street.
    Real estate is all about supply and demand, and right now in New York City, as it is in most markets nationwide, there is too much of the former and
Like Wall Street, real estate markets abhor uncertainty.

too little of the latter.  Stories are rampant of Wall Street workers walking away from their contracts and their down payments.  The few buyers on the streets are in a state of high-anxiety about future price drops.  Who wants to put down $1 million on a place whose market value could slip to $800,000 in a matter of months?  Just like Wall Street, real estate markets abhor uncertainty.
    Developers holding dozens of unsold new condos have to do something more than offer a few upgrades in kitchen appliances or a part of closing costs in order to entice the nervous.  According to an article in the Real Estate section of the Sunday New York Times this weekend, those developers are beginning to mimic electronics and other retailers with a series of "price protection guarantees" that anyone contemplating property in the southern U.S. might do well to consider.  The way it works is straightforward and contractual:  If you sign up to pay $500,000 for a unit, for example, and the same (or almost the same) unit elsewhere in the building sells for $475,000 before you close, you get the lower price.
    The guarantee is a little easier to execute in a condo complex where units are essentially the same size and configuration than, say, for properties in a golf community.  But if two parties to a real estate transaction agree, you can write just about anything into a contract (short of violating local zoning laws).  For example, if you are interested in a lot adjacent to a golf course but want some price protection, you could negotiate a clause with the developer that would reduce your purchase price if another lot on the golf course sells for less than yours (on a dollar per acre basis).  Barring that, you could try for a contingency that says if similar properties sell for less than the price you signed up for before your closing, you can back out of the deal. 
    If you are that relatively rare person in the market for a home or property, don't be afraid to get creative.  You have all the leverage, and you would be foolish not to push for the best possible deal.