Rio Verde Country Club to launch Certificate Home Program.
Starting November 1, 2019 Rio Verde Country Club will make available to new home buyers who purchase a home of a current or former member the opportunity to receive a certificate that can be used toward initiation fees to join Rio Verde Country Club. The home does not need to be in Rio Verde, it just needs to belong to a member of the club.
Any current golf member at Rio Verde Country Club selling their home will be able to offer the buyer a certificate issued by the club valued at $12,500 to be used exclusively toward the $12,500 initiation fee and join the Club as a golf member for $0.
A former club member may also offer a certificate valued at $10,000 toward the $12,500 initiation fee leaving only $2500 to be paid by the buyer to join the club.
In both cases, a two-year commitment to stay as a dues paying member is required for the new homeowner. This program will be reviewed monthly and can be changed or cancelled at any time.
Homes sold in Rio Verde without a certificate attached will qualify for the regular new owners’ promotion which is if the new homeowner joins the club within 30 days of closing, they would pay $7500 initiation fee to join (a $5000 savings).
Sellers also need to be mindful that this certificate only has value to a buyer who wants to join the club. To ‘build in” the certificate value into the price of the home could create a situation where the home is not attractive to all buyers and does not reflect the market value of the home.