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Margie Casey's Blog

By Margie Casey | Broker in Florida

Tellico Village Exemplifies Financial and Social Strength

We’ve monitored Tellico Village for a number of years because it is one of the most well known master planned communities in Eastern Tennessee. Built on Tellico Lake during two real estate booms, this Tennessee lake community has had its share of primary residence property owners and investors. Years ago, we were a little concerned about the POA management changes and financial issues we had read on the internet.

Last month, we had the chance to learn the truth, up close. Tellico Village is a role model in the real estate industry. Their balanced budget and $3 million in reserves is likely the envy of competing master planned communities. After meeting many of the board members and committee after committee, Real Estate Scorecard salutes the brilliance and commitment of its Villagers. The Tellico Village POA shared with us their financial statements from December 2008 to the present. Although we’re not certified accountants or licensed lawyers, we know what a full page of ‘black ink’ represents, year after year. We find the Tellico Village POA to be frugal and smart.

However to us, the best places to live go beyond a balance sheet. This is why we...

Read the full story: http://realestatescorecard.com/news/real-estate-news/tennessee/tellico-village-exemplifies-financial-and-social-strength

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