CONSIDERATIONS WHEN SELLING
Selling a golf course or club is a big decision. It’s one that should be made for the right reasons and hopefully not under duress. Prudent planning and sound operational decisions can ensure that when the time to sell comes, the club will be in the best position to command the highest price possible.
The golf property market seemingly becomes more complex and more simple, all at the same time.
On the complex side, most golf courses have some deferred maintenance, or at the very least, upgrades that have been put off for one reason or another. While recently doing an appraisal of a prominent club in the Mid-Atlantic region, we encountered the question of what items required attention to prepare for the marketing and sale of the club.