Country Club Resale

The first step is to look at current market conditions.  Your Realtor can provide you with a Comparative Market Analysis (CMA) for the home you’re considering purchasing.  A CMA will help you determine a fair dollar amount for your offer, but it will also give you insight into the overall health of the neighborhood market.  Look at the average days on the market for the current listings in the community.  If homes listed at market value have been sitting on the market for a year or more, you can probably expect challenges with resale.  Dig a little deeper and ask your agent to calculate the absorption rate in the community to get a general idea of how long it takes to sell in the community under current market conditions.  Of course, markets change so the housing market statistics today are highly likely to be different when you decide to sell.  However, if sellers are having trouble selling now, chances are the challenges will increase over time as the property ages and the club’s amenities experience wear and tear over the years.