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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ In this issue Welcome to the February 2008 edition of Golf Real Estate OnLine News. The information contained within Golf Real Estate OnLine News is designed to provide helpful information about Golf Real Estate, up-dates on our Communities of Distinction and new features on the Golf Real Estate OnLine site. Click here for more information on the Golf Real Estate OnLine Communities! Golf Real Estate OnLine Welcomes Blackstone at Vistancia Approximately 350 homes have already been created at Blackstone and offer rich designs and architectural features with floorplans ranging from 1,800 to over 5,000 square feet. In addition, there are 200 custom homesites ranging in size from one-half to over one acre. Many of these selected lots capture magnificent mountain and golf course views. Blackstone Country Club features the private 18-hole championship golf course designed by Jim Engh, Golf Digest's first "Architect of the Year." Sheer rock faces, wildly undulating fairways and cavernous bunkers are among the many natural features that make the golf course at Blackstone so exciting. Thrilling mountain views and black volcanic rock indigenous to the area make the Blackstone golf course a visual delight. Yardage at Blackstone ranges from the forward tees at 4,738 yards to the championship tees at 7,089 yards. Click here to learn more about Blackstone at Vistancia! Click here to receive additional information from Blackstone at Vistancia.
By Robert Whitley Partner with Currahee Partners, LLC As the American population ages and becomes more affluent than ever in our history, more and more families that wanted to purchase a home as they were younger are realizing the American dream of buying a second home. Each day in the United States, about 10,000 people turn 50 years old... that's 39,000,000 over the next 10 years. Their children are probably out of college and out of the family home; their primary home has probably significantly appreciated; their mortgages are either paid off or very low compared to the existing value; and, they are probably earning more than they ever expected. It is predicted that these Boomers will inherit over $40 billion over the next 35 years... the greatest transfer of wealth in the history of the world! As these Baby Boomers look ahead and see retirement age approaching, many begin to plan where and how they will retire and may look into the purchase of a home. Often, people think of buying a second home to use as a weekend getaway, a family vacation gathering place and a future retirement home. It has been quite clearly established that most of those Boomers seeking to purchase a home of this type want to be within a four-hour drive from children and grandchildren and have access to golf, water, or mountains. Thanks to the Internet, a workplace that allows for telecommuting, and flex hours, more and more people are buying a second home that is just a little bit off the beaten path. Those that wish to purchase a home, possibly as a part of a private community with extra amenities, may be tempted to wait based on the current real estate market. While prices are going down in some markets, they are certainly holding steady and are even rising in some master planned communities, especially in those that have a strong financial sponsorship and that offer extensive and well-planned amenities. The financial strength of a community's developer is critical when one is thinking of buying a second home in a community. Most large scale communities will see at least one, if not more, slow markets over the life of their development, so the developer must be strong enough to carry on until the market strengthens and more people are looking to purchase a home. Low Interest Rates Inventory Unique Land Buying a Second Home in Georgia Where previously retirees thought of Florida as the place to settle down, now Georgia is becoming the state in which to purchase a home and retire. Georgia offers a more temperate climate than Florida, less congestion, much lower taxes and much less costly insurance. For these reasons and more, there are many new second home and active adult communities popping up just outside of Atlanta that are currently priced competitively and that offer great amenities that appeal to Baby Boomers interested in buying a second home. Plus, many communities in Georgia offer the best of two worlds - they are situated in a natural setting near lakes and mountains, but they are also a short drive to major cities, such as Atlanta, for cultural and educational activities. This makes the choice to purchase a home in a Georgia community an ideal solution for someone who wants a home that can be used both before and after retirement. Buying a second home can mean that the owner has a weekend retreat, an office to be used while telecommuting, or a full-time getaway. Since Georgia is still somewhat up-and-coming for retirees and those buying a second home, however, it is the perfect time for someone interested in one of the communities to purchase a home. There are still many homes available in prime locations across the state, but these will surely be snapped up quickly in the near future. Rather than wait, it is advised that interested parties buy now. Conclusion About the Author
Feb. 07 - 10 Feb. 14 - 17 Feb. 20 - 24 Feb. 21 - 24 Feb. 28 - March 02 For a full list of 2008 PGA Tour Events, go to www.pgatour.com
199 Edgewater Trail in Currahee Club- Toccoa, Georgia-built by Benchcraft Homes Approximately 5800 sq. feet, this 4 bedroom, 4 bath home features exposed beams, a study or optional 5th bedroom, screened porch, 2 car garage, expansive rear deck, 2 downstairs bedroom suites, large covered porch, activity room, multiple storage areas and custom wet bar. A must see, fully furnished for only $1,750,000. Contact Carol Rich at 404-814-1330.
AND be sure to check out...19thhole.com Need a great golf gift? New sites are added continually!
Also, be sure to visit The Library today! We've started a list of our favorite golf titles. We've also given you the opportunity to purchase these books from Amazon.com
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