Year-end Financial News Just Released by Sun City Texas 2 17 2014

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-818-6700 9000211

 

Year-end Financial News Just Released by Sun City Texas

 

I know financial reports can seem pretty boring. On the other hand, the financial health of a Home Owners Association is critical in its long range sustainability.  That said I’ll try to give you the highlights for the financial news just released by the board of directors here in Sun City Texas:

·         The Sun City Texas HOA ended the year with a $225K surplus before accruals.

·         New Home Sales for the year were up 14% to a total of 285 units sold, 35 more than the budgeted amount of 250.

·         Golf for 2013 turned in surplus of $43K against a budged loss of $100k.  The surplus is earmarked for future Golf projects.

·          Final approval of the budget and year-end financials will occur at the March 6, 2014 board meeting.

 

There you have it.  If you have any questions please feel free to contact me for further information. Brian@RuggRealty.com

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Brian Rugg

Rugg Realty, Sun City Texas, Georgetown TX

Serving consumers interested in Sun City Texas New & Resale Homes For Sale and Home Owners Interested in Selling Their Sun City Texas Home.

Sun City Texas Real Estate. Sun City Texas MLS Search. Sun City Texas by Del Webb. Sun City Texas New Homes, Sun City Texas Resale Homes

www.RuggRealty.com

Brian@RuggRealty.com

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Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Brian, you are right, many buyers ask for the financial situation of the communities they are considering moving to.  The Sun City Texas HOA seems to be solid!

Feb 17, 2014 08:28 AM #1
Rainmaker
465,214
Brian Rugg
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Hello Silvia: Right you are. the financial strength of a condo or HOA is paramount to a new owner.  A nice home in a failing environment is near worthless.

Feb 17, 2014 09:40 AM #2
Rainmaker
401,635
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

To be considered an "Expert" in our local market, we must know the details. You can be assured that a buyer is going to ask.

Thanks for the post.

Feb 17, 2014 10:01 AM #3
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Rainmaker
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Brian Rugg

Sun City TX Real Estate - Georgetown, TX Real Est
Everything a Sun City TX Buyer Wants To Know
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