If you ever had an interest in becoming a golf course owner, now may be the time to begin a serious investigation. Through recent searches of various web sites, my staff found more golf courses available with owner financing than ever before. Many are being made available for acquisition for reasons other than the recent downturn in the economy.

Also, Golf Course Advisors is currently working with several financial institutions that are will to sell good courses at much less than the appraised value.

However, price alone should not be the only consideration. Courses that are part of large real estate developments require extensive due diligence. In most cases, golf courses that wind through real estate developments are destined for poor profit performance until the homeowners understand and agree that some financial support (i.e. fees payable through the Home Owners Association) will be necessary. To protect home values, some small monthly contribution must be mandatory from each home owner to assure that the course is well maintained. Noted golf course consultant Mike Kahn has some interesting case studies on his web site available at the following link:

http://www.golfmak.com/residential%20golf%20course%20dilemma.html

Golf Course Advisors would welcome the opportunity to find you the right course at the right price with the right terms. Please feel free to contact us at 904-571-4375 or via email at awest123@comcast.net for a free consultation.

Filed under: General by Golf Course Advisors