Will Sun City sales explode?

Discussion in 'Sun City General Discussions' started by BPearson, May 10, 2025 at 12:44 PM.

  1. CMartinez

    CMartinez Well-Known Member

    I corrected it, it’s through LinkedIn as noted on the copy provided
     
  2. Josie P

    Josie P Well-Known Member

    Looks like it was YOU who viewed my profile!

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    • (28) Josephine Petersen | LinkedIn
    • Click on the 2 profile views.
     
  3. Josie P

    Josie P Well-Known Member

    As you can see I have no activity on Linked in ever. I think it's time you stop harassing me.
     
  4. Eileen McCarty

    Eileen McCarty Active Member


    Carole, I think writing to Supervisor Debbie Lesko may help you a lot. I have talked to her about the same issues over here and I know she really cares about trying to help the area. I am concerned that if we start charging per person for the annual fee it is going to really hurt some folks in these areas of SC. I am hoping we don't do per person because some folks already probably can barely pay annual fee. I almost mentioned to BOD a sliding scale for those at poverty line. I asked MCSO if they would consider buying the old Acquity building at 111th. I would actually support the idea of a Sheriff station being now in SC. I think this would give some security to the area for us who live close by. Not sure how to stop the rentals, but even renters have to follow our standards so I would be not thrilled but more accepting of rentals knowing that they too would have to adhere to the community standards.
     
  5. Eileen McCarty

    Eileen McCarty Active Member

    The other point about flippers buying old homes in SC. A flipper usually does upgrades and renovations to the home. That in itself is a good thing. If a flipper becomes a landlord, I was wondering if SCHOA has knowledge of landlords in here and making sure they abide by a set of standards to properties. I know they have a way of checking because in the past, I had to report some very negligent properties in here and they do have a way of looking up who owns property. I would encourage homeowners in here that may see a negligent property near them to inform SCHOA so they can at least tell you who owns the home. Everyone who cares about there neighborhood should be concerned. This is the only way we can get a hold of taking the neighborhoods back in our control. Apathy is not helping anyone in here.
     
  6. CMartinez

    CMartinez Well-Known Member

    I had no idea what your full name was until I received a report of being researched. So how could I look you up? I would have had no desire to know more about you. So you are stating that the search I was informed of, in your name, as I posted the evidence, is not true?
     
  7. eyesopen

    eyesopen Well-Known Member


    BACK ON TOPIC…

    SCHOA requires owners who rent out their property to submit a TENANT REGISTRATION FORM.

    How many of these landlords do?
    Does SCHOA even know how many rentals there are?

    SCHOA TENANT REGISTRATION FORM

    The owner(s) of rental properties in Sun City agree to comply with CC&R Article 13 – Leases, which states:

    • No Owner shall allow Owner’s lot to be occupied by persons other than the Owner and the Owner’s that the use of immediate family, without first notifying the proposed Lessee or occupant in writingthe premises is subject to this Declaration.

    • The Owner shall secure from the lessee a written agreement to abide by all of the covenants, conditions and restrictions contained in this Declaration and the Owner shall furnish the Association an executed copy of such written agreement upon written request.

    The Sun City Home Owners Association is hereby requesting that such document be provided to the Association.

    Costs to enforce to be paid by Owner.

    • This form is to be completed and returned upon renewal of lease or when lessee changes.

    #

    Tenant Registration Form: https://suncityhoa.org/wp-content/uploads/Tenant-Registration-Form-2024.pdf
     
    Last edited: May 13, 2025 at 11:44 AM
    Eileen McCarty likes this.
  8. CMartinez

    CMartinez Well-Known Member

    Eileen,
    Other states and countries offer incentives to buyers to help bolster local area in need of certain residents. Why couldn’t the RCSC offer some incentives to local seniors to buy in the area, with the caveat of keeping the property as their primary residence for 5 years? Could help the sales and bring in homeowners instead of renters.
     
    Eileen McCarty likes this.
  9. Josie P

    Josie P Well-Known Member

    Carole right back atcha! I could not care less what you did/do for a living or socially. Most SM sites are an open book for anyone to find anything. If I looked you up I do not remember doing so. Maybe it was after you called me mentally ill, I don't know. What I do know is I am tired of you harassing me almost on a daily basis. I have things to do. Have a great life.
     
  10. CMartinez

    CMartinez Well-Known Member

    My point exactly eyesopen, are these forms being completed. Are they being recorded at the assessors office as rental’s?
     
  11. Eileen McCarty

    Eileen McCarty Active Member


    Great idea, Carole! What kind of incentive do you think we could offer?
     
    eyesopen likes this.
  12. CMartinez

    CMartinez Well-Known Member

    Perhaps still pay the PIF, but it’s spread out over the 5 years needed to complete occupancy? Or reduced assessment fees for the first 5 years? I don’t know, just something that came into my head.
     
  13. CMartinez

    CMartinez Well-Known Member

    Still makes it affordable, and gets homeowners buying here again.
     
  14. Josie P

    Josie P Well-Known Member

    That will tick off a lot of recent home buyers, along with those that have to pay the full assessment fee.
     
  15. CMartinez

    CMartinez Well-Known Member

    It’s all in the timing. Who had what on sale that day? There used to be home loans that would tie renovations costs into a mortgage. I would think somewhere around there might be a program available for seniors needing to remodel their home receive a loan that allows for upgrades and purchase the house. No idea if any of these mortgage products are still available, but it would sure be good to get homeowners back into the area.
     
    Eileen McCarty likes this.
  16. Eileen McCarty

    Eileen McCarty Active Member


    Yes, I remember hearing about that. I haven't heard about that for a time. I do remember banks offering home equity loans for a low rate, but that was some 20 years ago.
     
  17. Josie P

    Josie P Well-Known Member

    I took advantage of low HELOC rates around 2008 or so during remodel, but I was also working with a decent income and paid it off quickly.. Things have changed a bit.

    HELOC (Home Equity Line of Credit) rates are variable and fluctuate based on various factors. As of May 13, 2025, the average national HELOC rate is 7.99%. However, rates in the New York Metro area are currently at 9.67%, according to Bankrate.
    Factors Influencing HELOC Rates:
    • Interest Rate Index: HELOCs are tied to an index, often the Prime Rate, and the rate changes as the index fluctuates.
    • Credit Score: Higher credit scores generally lead to lower interest rates.
    • Loan-to-Value (LTV) Ratio: Lower LTVs (the ratio of the loan amount to the home's value) may result in better rates.
    • Credit Limit: Larger credit limits can sometimes lead to lower rates.
    • Bank/Lender: Different lenders offer varying rates, so it's essential to compare quotes.
    Key Points:
    • HELOCs are variable-rate lines of credit, meaning the interest rate can change over time.
    • Rates can range from around 3.99% to 18%, but the specific range will depend on the lender and your individual circumstances.
    • Interest-only HELOCs have a draw period where you only pay interest, but once the repayment phase begins, monthly payments can increase significantly.
    • Some lenders offer discounts on HELOCs, such as for setting up automatic payments or initial withdrawals.
    • AI responses may include mistakes. For financial advice, consult a professional.
     
    Eileen McCarty likes this.

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