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The Arthur Hills designed Palmetto course at The Landings is one of six in the community, the most challenging and, some believe, with the best views. 


    In the last few months, three of your fellow visitors to this space have purchased property in the southeastern U.S., all as second homes.  These couples had in common the wherewithal to afford a second home now, without having to first sell their primary homes.  And all recognized that, although prices in the south may erode a little more in the next year or two, their leverage with the owners and developers who sold them their properties might never be as strong.  
    Two of the couples plan to move to their new homes permanently within

The couples chose Ocean Ridge, The Landings and Governor's Club for their eventual permanent homes.

the next five years, once their full-time working and child-rearing days are over; and the other couple - younger and with two small children - will move within 18 months or so, as soon as they can sell their Connecticut home and build their new home in the south.  
    I was glad to be of help to all of them, referring them to agents I knew in the areas and to communities that I had visited and reviewed earlier.  The couples chose Ocean Ridge Plantation in coastal North Carolina, The Landings near Savannah, and Governor's Club in Chapel Hill, NC, all outstanding properties but all of a decidedly different character.   The Ocean Ridge and Governor's Club couples bought property and will build; The Landings couple purchased a 20-year old home on a nice, treed piece of property overlooking one of the greens on the Arthur Hills Palmetto Course, arguably the best layout of the six at The Landings.
    As investments, all seem solid.  Ocean Ridge's well-regarded courses are semi-private which means a stream of green fees income to support maintenance of the course.  The community sits just a few minutes from the sea, an attraction to tourists and residents alike since the beginning of tourism.  The ocean is always a draw, and real estate a few miles away should always hold its
Considering a home on the course?  I am happy to help.  No cost, no obligation. Use the "Contact Us" button at the top of this page.

value, all things being equal.  The Landings, also near the sea and with six beautifully tended golf courses, is unique in that homes on its 4,500 acres feel as if they are in a rural location but, in reality, are just 15 minutes from downtown Savannah, one of the nation's great cities.  And Governor's Club, with its 27 holes of Jack Nicklaus Signature golf, its involved membership, dramatic topography (lots of ups and downs and rock outcroppings) and its location in one of the most livable towns in America, should continue to command high-six-figure prices for homes there.
    It is easy to get caught up in the headlines about foreclosures, the housing market and the economy in general and conclude that no one is able to sell a home and, therefore, no one is buying in the south.  True, things have slowed dramatically, but as these three couples show, there is always a flight to quality, even in the toughest times.
    If you are contemplating purchase of a home in a golf community or a home in a more traditional neighborhood, but near high-quality golf, I would be happy to provide some ideas at no cost or obligation.  You can reach me via the "Contact Us" button at the top of the page.

    Yesterday's Wall Street Journal special section "Your Money Matters" included an excellent article for those who want to sell their homes soon, or are having trouble
In May, prices of single-family homes nationwide dropped 6.8%.

pulling the trigger emotionally.  The advice was straightforward and good medicine for any of us waiting for the market to snap back and for the value of our homes to return to pre-doldrum levels.
    In short, the Journal's real estate expert, David Crook, advised not to wait if you want to sell, price your home "cheaply," consider providing some financing for a qualified purchaser (if the house is paid off), and accept a buyer's offer unless it is ridiculous.
    What's ridiculous?  Well, like beauty, that is in the eye of the beholder, but the latest national and regional housing data help with a definition.  A sidebar to the Journal article indicates that, in May, prices of single-family homes nationwide dropped 6.8%; in the southeastern U.S., prices dropped 4.6%.  If you have plans to move from a rapidly depreciating market to a slower depreciating market like many in the southeast, that 2% spread, played out over a number of months, could argue for accepting an offer of 15% less than you had expected.  And if a condo is in your future, note that May condo prices in the southeast actually increased, albeit fractionally.  For folks in the Western region, the spreads are greater; prices for all types of houses in the West dropped by double digits in May.
    These are all generalized data, and the numbers by market or, even better, by zip code, are much more reliable.  But as a guidepost to when (and how) to sell the home you want to sell, the Journal article is helpful.  
    Click here for the link to the article online.  If it is no longer available, let me know (use the "Contact Us" button above), and I will email it to you.