6 minute read
On the Cover
Asst. General Manager - Robin Coulter rcoulter@suncityorovalley.com 520-917-8070
Home Inspection
If you’re getting ready to sell your home or thinking about selling, you need to have an inspection of the exterior of your property by the Association. This can happen in three ways: courtesy inspection, listing inspection and escrow inspection. Each inspection is handled a bit differently, so this information is to make you aware of the differences. All inspections look at the entire exterior of the home and property for violations. The courtesy inspection is done at your request. The Association inspector comes to the home, conducts the inspection, and then turns over the findings to you. Any violations found during this inspection are not recorded against the home. This provides an opportunity to correct violations prior to listing your home.
The listing inspection is requested by either you, the owner, or your realtor at the time of listing and is good for a 90-day period. Violations found during this inspection are not recorded against the home but are submitted to the title company in a mandatory compliance inspection report when the home enters escrow. Both the seller and buyer receive a copy of this report. Violations listed here may be negotiated as to who will resolve them during the resale process, either the owner or the buyer. If the buyer agrees to resolve a violation, a form is completed indicating as such. The Association follows up on the violation(s) 30 days after close of escrow. If the violation still exists, it is then entered against the home, and the violation resolution process begins with the Association.
The last inspection is the escrow inspection. This takes place if a listing inspection was not requested. Violations found during this inspection are submitted directly to the title company, and both seller and buyer receive a copy of the report. The disadvantage of the listing inspection is that both seller and buyer are made aware of the violations after resale negotiations are completed. There is no chance to resolve the violations prior to entering a contract for purchase. If the violations have not been corrected when the home is re-inspected after close of escrow, the violation resolution process will begin, and the new owner inherits the existing violations.
You may want to consider the benefit of the courtesy inspection to avoid surprises during the busy time of listing and selling your home. It is a seller’s market out there. As of February 10, 2022, there were 15 homes on the market, and the average time for a home to be on the market was 12 days (YTD) and the cost per square foot was $267 (YTD). If you are contemplating selling your home during this time, please keep this information about inspection in mind, or contact Conveyance Coordinator, Annette Lyons, alyons@ suncityorovalley.com or 520-917-8087.
Program/Facilities Director - Pam Sarpalius psarpalius@suncityorovalley.com 520-917-8077
Exciting Things to Come
Between club activities, the restaurant and the Association, many activities are availablefor residents to enjoy during our renovation of the Activity Center. It is exciting to think about the new things I am planning for you in the renovated building.
As you know, I keep an open door policy, and if you ever have any suggestions, contact me by email or by phone. Let’s keep looking ahead. Community Services - Katy Mosier Architectural Coordinator, Katy Mosier scoroval@ciramail.com 520-917-8058
Revised Governing Documents
On February 22, 2022, it is anticipated that the SCOV Board of Directors will approve changes to the Development Standards proposed by the Architectural Review Committees as well as a revision of Board Policy ARC-006, which covers Home Expansion and Patio Cover submittals.
The revised Development Standards and Board Policy ARC-006 can be found on our website at www.suncityorovalley.com > Members > Documents. You may also pick up copies at the Welcome Center.
Board Policy ARC-006 explains the submittal procedures that are necessary if you are contemplating building a room addition or a patio cover. It is important that you know the model name of your house as you reference this policy, so you can ascertain whether the footprint of your house will be impacted by your project. You will meet the qualifications for either a Prequalified Expansion Submittal procedure or Major Home Expansion Submittal procedure. Each has a different process. If you have questions about the policy, please email us at scoroval@ciramail.com and we will contact you.
Please take the time to familiarize yourselves with these revised policies, so your submittal processes will be smooth and timely.
Welcome New Neighbors – January
Unit # Name From
2 Irma Downs 3 Patricia Beardon 5 Debra Wedmore 7 William & Linda Blessing 10 Don & Carol Barnett 12 Gary & Regina Chambers 12 Kathy Sue Lorenson 12 Philippe Berard & Diane Turner 17 Subhi & Linda Al-Mutawa 17 Diane James & Mark Trentin
Tucson, AZ Sebastopol, CA Gilbert, AZ San Diego, CA Bellingham, WA Tucson, AZ
Spruce Grove, Alberta, Canada Cave Creek, AZ Picabo, ID
January Housing Resale Information Resales For the Month YTD 2022 11 11 2021 9 9 2021 Total Sold - 208
2022: Active Listings as of 1/31/2022............................4 2021: Active Listings as of 1/31/2021............................6
Source: MLSSAZ®
January 2022 Average Age of New Owners: 69
ON THE COVER Mule deer peering into “Screech Owl” camera monitored by Desert Monitor volunteers. Photo courtesy of Coalition for Sonoran Desert Protection
SUN CITY ORO VALLEY
Money MATTERS
Statement of Revenues and Expenses and the Results of Operations Statement of Revenues & Expenses and the Results of Operations
Revenues: Annual H.O. Fees Capital Contribution Fee Golf Revenues Activities Revenues Restaurant Revenues Interest Income Other Income Gross Revenues
Asset Reserve Capital Fund Contingency Fund Wash Fund Contribution New Capital Acquisitions Restricted Use Revenues Net Operating Revenues
Expenses: Wages & Benefits Cost of Sales Utilities Repair & Maint. Supplies & Expenses Depreciation Total Expenses
Restricted Fund Expenses Net Operating Expenses Results of Operations January
(55,174)$ (62,248)$ -$ -$ -$ 1,305$ 786,931$
(115,959)$ 733,092$ 53,839$
7 Months 2021-2022
Actual Budget
(805,000)$ 4,752,804$ (139,358)$
Above is a summary of the Revenues and Expenses and the Results of Operations for the first seven months of the 2021-2022 fiscal year. A copy of the report in greater detail can be found on our website www.suncityorovalley.com. Log in after hovering over the Members tab and selecting Financials. At this page you will find the monthly Financial Statements as well as the Annual Budget for the current Fiscal Year and a copy of the Annual Budget for the coming year.
If you are interested in more information regarding the Community’s finances, we encourage you to attend the Finance-Budget Committee meetings which will be held Monday, March 14, and Monday, March 28, 2 PM, via Zoom.
If you have any questions, please feel free to call me at 520-917-8060, or email me at rtrenary@suncityorovalley. com.
Randy Trenary, Controller
