Emilio Phili…, Home Buyer in Sunrise, FL

WHY SO CHEAP?......?

Asked by Emilio Philippe, Sunrise, FL Tue Jul 9, 2013

pricing and financing

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This question was asked from this property: http://www.trulia.com/property/1033826064-8086-Cassia-Dr-Boy…

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4
Hi,

It is in a 55+ community and requires a Membership Fee to use the facilities such as golf, tennis, fitness center, etc. You can go to http://www.aberdeencountryclub.com for further info.

Regards, David
0 votes Thank Flag Link Wed Jul 10, 2013
Emillio,

The property you are inquiring about is located in the private golf club community of Aberdeen where membership is required and there are significant on-going club membership fees and dues. Because of these fees prices of the homes have had to be discounted and we are starting to see people buy in these communities because the deals are so good when compared to opportunities outside the gates of private club communities.

Aberdeen has tremendous facilities and is doing everything right to attract younger members and are finding much success. They even recently raised their membership fees which is unheard of in the private club world these days which is a testament of how well they are doing. Their least expensive membership is a non-voting/non-equity social membership which has up front fees of $11,500 and annual dues of $7,500. There are some miscellaneous other fees but the amenities of the club are truly special. The new gym and pool area is one of the best in the area and Aberdeen remains one of the better values for a quality club in the Palm Beach County region. They always have jars of these incredible cookies that I get my fill of whenever I am there with clients. Many buyers are starting to see that they can live in community like Aberdeen at a total cost that is very similar to non-club communities and have an amazing lifestyle; and free cookies!

Whether you are looking solely in the Boynton Beach area or just your perfect home in the Florida sun you are best suited to be working with a Realtor® who is looking out for your best interests in this constantly changing market. A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the buyers agents you may choose to interview. We cover the area and are experts in finding our clients that "needle in the haystack.

Best of luck and if I can offer anything additional please let me know.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
0 votes Thank Flag Link Tue Jul 9, 2013
As noted above, this home in Boynton Beach is in Aberdeen, a country club community with an upfront equity payment. Plus, residents must also pay an annual club fee in addition to their hoa fees.

Upfront costs may be as low as around $7,500 for a social membership and as high as 20,000 for a golf membership. Annual dues can vary from around $7,500 to north of $12,000.

Aberdeen is a well kept country club and among the least expensive clubs to join in the area. if you're looking for a home in a Boynton Beach country club, you will enjoy living at Aberdeen.

Homes in country clubs are, in general, declining in value because fewer people in today's economy are choosing to purchase in equity communities. They cannot afford, or simply do not want to pay the additional costs associated with a country club lifestyle. The result: country club homes stand empty for long periods of time and sell at prices far below those that similar homes in non-equity communities command.

Homes in non-equity communities that are similar to the house in Aberdeen are likely to sell for at least $250,000 or more in today's seller's market.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes Thank Flag Link Tue Jul 9, 2013
Very likely because this is a country club community which will require the buyer to put down a substantial membership equity fee as well as annual dues.

Carol Goodman
Keyes Company
561.737.9600
0 votes Thank Flag Link Tue Jul 9, 2013
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