Golf Real Estate OnLine News
For Immediate Release
December 2007


In this issue
-- Currahee Club Named One Of Top 100 Residential Golf Courses In The Nation
-- Timeshares an Option for Vacationers
-- December PGA Tour
-- Home of the Month
-- Fun Sites for the Avid Golfer
-- The Golf Real Estate OnLine Library

Currahee Club Named One Of Top 100 Residential Golf Courses In The Nation
Golfweek Ranks the Mountain and Golf Community's Course at 48 -

Currahee Club's spectacular Jim Fazio-designed, 18-hole golf course has been named to Golfweek's 2007 ranking of the Top 100 Residential Golf Courses in the U.S. Located in northeast Georgia amidst the Blue Ridge Mountains and Lake Hartwell, the 7,513-yard course ranked number 48 for the interest, variety and playability of its greens, as well as its dramatic elevation changes.

Each year, Golfweek's panel of 400 golf experts critique 1,900 nominated courses across the nation. Each course is then judged on 10 criteria, including: variety and memorability of each hole; integration of the course with the clubhouse and real estate; trees and landscape management; overall quality of the course's maintenance and more.

"Golfweek has again graciously praised Currahee Club's golf course, and we're proud to have this distinction from such an esteemed publication," said Chris Whitley - partner, Currahee Club. "To be chosen from among the 17,000 courses in the nation further establishes Currahee Club as a premier golf community."

Currahee Club also was recognized as one of Golfweek's Top 50 Best New Courses in the nation for 2006.

Timeshares an Option for Vacationers
(MS) - Nearly everyone would love to own their own vacation home, a place where they can jet off to escape the daily grind for a week or two at a time before returning home refreshed and ready to get back to work. However, with escalating real estate costs and property taxes increasing nearly everywhere, the notion of owning one home, let alone two, is daunting enough for most people.

That reality does not necessarily mean your own slice of vacation heaven is out of your reach. For many, purchasing a timeshare has provided them with the comforts of a vacation home but less of the overall responsibility. Timeshares can occur in a variety of situations. They could be a house or condominium that you share with others. Or, you can purchase a room in a resort for use. For those considering a timeshare as a vacation option, here's a breakdown, courtesy of the Federal Trade Commission, of the different timeshare ownership options available.

Deeded Timeshare Ownership
When you purchase a timeshare, you own the same unit for the rest of your life or for a fixed period of time decided upon and designated in your purchase agreement. Legally, you are considered an owner, and you can rent, sell, exchange or bequeath your unit if you so choose. You as well as the other timeshare owners are all legally looked upon as the owners of the unit. In a deeded ownership, you purchase the right to use the same unit at a specific time each year.

The ownership rights associated with a deeded timeshare entitle timeshare owners to elect a homeowners' association, which in turn is responsible for maintenance and management of the resort. Annual maintenance fees are required of timeshare owners, and these fees typically rise each year. Though the maintenance fees might include property taxes, sometimes those are extra. Before signing on, you should discuss what the annual maintenance fees are and what, if any, additional property taxes come with your timeshare.

"Right to Use" Vacation Intervals
In these, you are not purchasing the timeshare as property and not viewed as an owner. Rather, you purchase the right to use a unit owned by a developer. Each unit is broken up into intervals, and these are usually designated in terms of weeks. When you purchase your interval, you do so by agreeing to use it for an agreed upon number of years, typically between 10 and 50 years. Whereas in a deeded timeshare ownership you use the same unit each year, that is not necessarily the case with intervals. Maintenance fees, which rise each year, do apply and the interest you hold on the property is legally considered personal property.

There are several options under the "right to use" agreement that can affect when you can have access to your timeshare.
· Fixed time option:This is when you purchase the timeshare for use during a specific week each year.
· Floating time option: This is when you purchase use of the timeshare during a specific season (i.e., summer, fall, etc.) each year, but not a specific week. Therefore, weeks are usually assigned on a first-come, first-serve basis.
· Biennial Ownership: This is when you purchase time on an every-other-year basis.
· Lockoff or Lockout: Many timeshare units are often very large and spacious, space that not everyone necessarily needs. Under a lockoff or lockout agreement, you occupy only a portion of the unit while the rest is offered for rental or exchange.
· Points-based: These can be called a vacation club, where you purchase points and exchange them to use at a variety of resorts. Different units require varying amounts of points, with larger units and longer stays typically requiring more points. Also, the specific time of use, such as the height of vacation season, can determine how much points and interval costs.
· Fractional Ownership: In lieu of buying one week per year, you buy a large share of ownership time, which can often be up to half a year.

Be sure to see this month's (fractional) "Home of the Month" below.

December PGA Tour
Why not do a little shopping this month at the PGA Store while you're waiting for the
2008 PGA TOUR Season-Opening Event...

Jan 3-6
Mercedes-Benz Championship
Magnolia GC, Kapalua Resort, The Plantation Course Kapalua, Hawaii

Home of the Month
Eight fractions offered at $265,000 a piece for a total use of 6 weeks each year!

Own your dream vacation home for a fraction of the cost! Weeks are rotated and may be interchangeable among owners. Property is managed by a professional firm which will handle taxes, bills, maintenance and rotation among owners. Fractional owners hold title as "Tenancy in Common."

8 Vista Encantade, Rancho Mirage, CA

This semi custom home has 3,900 square feet of living space on a Gary Player golf course located on a $150,000 premium lot with green, lake and (Santa Rosa) mountain views.

Home features include:
-3 spacious Bedrooms, each with own Bath
-Family Room with cozy fireplace and custom built-ins
-Elegant Dining Room, Wet bar and Formal Living Room all over looking the breathtaking views
-Bonus Room with entertainment center, Office with custom cabinets/built-ins
-Gourmet Island Kitchen with granite counters, custom cabinets, Kitchen Aid appliances and built-in refrigerator
-Breakfast nook overlooking the interior courtyard
-Inside Laundry Room with sink
-Backyard with built-in BBQ, Fire Pit, Putting Green, Pool and Spa
-3 car garage, association pool and lighted tennis court
-Property is fully equipped and tastefully furnished

Rancho Mirage is in the desert area (20 minutes of Palm Springs) and offers many golf courses to choose from. Tennis, dining and fitness membership to Mission Hills Country Club is available.

For more information, contact Suzan Nasr, Pacific Banker & Realty (949)285-4977

Fun Sites for the Avid Golfer
Eyespygolf.com. A directory of over 16,000 golf courses. Is your favorite course included?

Need a great golf gift? Go to: The Golf Warehouse-tgw.com
Great service, selection and prices. PLUS, you can shop from the comfort of your own home. www.tgw.com

AND be sure to check out...http://www.19thhole.com
Now you can amerce yourself in the game-rain or shine. Enjoy!

The Golf Real Estate OnLine Library
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

Check The Library regularly for new additions.