If you're looking for a home in Boca Raton in a country club community, there are several that will give you a home that fits within an under $200,000 price range.
However, these clubs typically require an upfront equity of $40,000 or more, with annual social and / or tennis dues running from at least $8,000 per year or more, plus home owner association fees.
Homes in Boca Raton Country Clubs that require equity membership are losing value because fewer people are able to afford the initial dues and annual fees. As a result, these luxurious home are selling at true bargain prices.
However, if you are looking for a country club lifestyle and are prepared to pay the fees, then you may want to look at some of the many very reasonably priced country club homes in Boca Woods, Stonebridge, or Broken Sound Country Club in Boca Raton.
As to foreclosures in Boca Raton, these properties are not bargains that sell at a discount. In fact, most Boca Raton foreclosures typically sell for market value or above.
Banks solicit the highest and best offer on foreclosures through a multiple bid process. This is not a live auction; it is just a submittal of contracts. At the end of a certain period of time, whether it is 30, 60, or 90 days, the bank looks at the offers and picks the highest and the best.
Marc Jablon, The Jablon Team
Re/Max Complete Solutions