Golf Real Estate OnLine News
For Immediate Release
September 2009
In this issue
-- Daufuskie Island Golf Get-Away
-- Buying In A Bad Economy
-- Home of the Month
-- September PGA Tour Events
-- Fun Sites for the Avid Golfer
-- The Golf Real Estate OnLine Library

Welcome to the September 2009 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!

Daufuskie Island Golf Get-Away
Melrose Take advantage of this great value!!

The Daufuskie Island Golf Get-Away includes:
· Two nights accommodations for two in a deluxe suite at The Holiday Inn Express Hotel and Suites in Bluffton, SC
· Two $25 gift certificates to some of the area's favorite restaurants
· Ferry ride compliments of The Palmetto Ferry Company from Hilton Head Island to Daufuskie Island
· 18 holes of golf at The Melrose Club, includes green fees, cart and range balls

Entire package is only $225 per person based on double occupancy.

Call the Holiday Inn Express in Bluffton, SC, today at 866-757-2002 and ask to book the special Daufuskie Island Golf Get-Away package.

Hurry, package price expires November 15, 2009!

Buying In A Bad Economy
home When historians one day reflect on 2009, comparisons to the Great Depression and the market crash in late October 1929 will no doubt be made. Though politicians and pundits have remained wary of the "D" word, many have admitted the country is in its greatest recession in decades, if not its worst downturn since the worldwide economic downturn of the 1930s.

While financial struggles have moved to the forefront for many families, others have noticed that 2009 is actually proving a good time to buy, particularly for those hoping to enter the housing market. For example, according to the Warren Group, a real estate and financial information service serving the New England area, single-family home prices in Connecticut fell 17 percent in February of 2009 compared to the same month of a year ago. Whereas the median selling price for such homes in Connecticut was $263,000 in February of 2008, that figure fell to $218,000 in February 2009, a sharp decline that's bad for sellers but a boon to buyers.

Still, as beneficial as the current market can be for buyers, there are things to consider before buying a home in the coming months.

* Can you stay? It's no secret the country is experiencing record unemployment rates. By the end of March 2009, seven states posted unemployment rates above 10 percent, with Ohio quickly approaching the double digits. Those statistics, courtesy of the United States Bureau of Labor Statistics, indicate that very few people are secure.

Anyone considering buying a home needs to be certain they can stay in the home, at least for a few years, once they've signed on the dotted line. If not, and they're forced to move too soon, the transaction costs of buying and selling a home could ensure that they actually lose money. Even if they buy low now and sell higher in the immediate future, these extra costs could negate any gains in sale price, and even leave them in the red.

* Are you living above your means? While each individual case is different, since the onset of the housing crisis many people realized they were living well above their means. Whether this was a great revelation or they knowingly chose to use debt as a tool to finance a lifestyle they simply couldn't afford, the consequences were the same regardless -- many found themselves the victims of foreclosure.

Those who ignore the past are doomed to repeat it. So while a 5-bedroom home today might be the same price of a 3-bedroom home this time last year, that doesn't mean you should buy the 5-bedroom. Rather, remain within your means and reap the rewards of responsible borrowing as opposed to suffering the inevitable consequences of living above your means.

* Do you want to qualify just because you can qualify? Because of the market, many prospective home buyers are finding out that they are still eligible for a home loan even if they can't pay the traditional 20 percent down payment. This, however, is not as much of a no-brainer as it seems. Obviously, if you're not able to pay the 20 percent, you're automatically going to be borrowing more. In addition, a lower down payment might result in a higher interest rate. So a decision must be made as to whether you want to qualify just because you can, or wait a little longer and qualify for a loan because you're as worthy and as financially equipped as you would be under more normal circumstances.

Home of the Month

4 Bedrooms, 2.5 baths, 2700 square foot home reduced to $439,000. Updated kitchen with stainless steel appliances, solid surface counters, updated baths - master bath has new cherry finish, double sink vanity, new natural tile flooring. Home also has a new roof and skylights, new hardwood floors and carpeting, and a large bonus room over garage. 1st floor includes living room, dining room, kitchen, family room, half bath, study, and laundry room. Home also has a screened porch and a 2 car garage. For more information, call Gary Byrd 757-303-0523.

September PGA Tour Events
Sep. 04 - 07
Deutsche Bank Championship
TPC Boston, Norton, Massachusetts
Televised by The Golf Channel and NBC

Sep. 10 - 13
BMW Championship
Cog Hill G&CC, Lemont, Illinois
Televised by The Golf Channel and NBC

Sep. 24 - 27
THE TOUR Championship presented by Coca-Cola
East Lake GC, Atlanta, Georgia
Televised by The Golf Channel and NBC

For a full list of 2009 PGA Tour Events, go to PGA Tour Schedule

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

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

Need a great golf gift?
Be sure to visit the Golf Real Estate OnLine affiliates page!

New sites are added continually!

The Golf Real Estate OnLine Library