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Planning to buy a golf course?
You’re the Buyer. You’re the Risk Taker. All the Seller wants is a Sale. Don’t be buying a Golf Course without knowing its true nature or value. That’s why you want an Experienced Golf Course Business Licensed Real Estate Agent Working for You.
It’s your money. Who’s looking after your interests when you’re ready to buy a golf course? All the Seller wants is your money. For instance, a Seller is not anxious to tell you the irrigation system needs a million dollar overhaul. Meanwhile, the Seller’s Broker who earns the Commission from the Seller will only tell you what he knows, or what the Seller wants the Broker to tell you.
With golf courses, it’s Buyer Beware.
The only way to buy a golf course in a way to protect your interests is by employing a Real Estate Broker or Agent who is an Experienced Golf Course Expert to Work for You, Not the Seller. Buy under a Buyer’s Broker relationship with your Agent or Broker.
Buyer Broker Agreements are often at a lower commission rate than a listing broker’s commission rate. Not only that, but your Buyer’s Broker often negotiates all or part of his commission to the Seller’s side. That way, you get the experience of a golf course business expert at little or no direct cost to you. In the meantime,
• you’ll know better what you’re buying
• you can get help with the ownership transition
• you can get advice for setting up management
With the know-how and advice, you’ll get from a golf course business expert; You’ll have a far better chance for a successful golf course ownership experience.
A Buyer’s Broker relationship is the only way to buy a golf course – especially in these times.
Write Mike Kahn for a sample Buyer Broker Agreement.