PURCHASING A CONDO vs HOME

1
PURCHASING A CONDO vs HOME

• GROUP 2
• Salim Abdo (Organizer)
• Richard Do (Tech)
• Jacob Helvie (Organizer)
• Danielle Rodriguez (Tech)
• Javier Sarabia (Summarizer)
• Md. Sarker (Summarizer)

2
Scenario 1

• Ms. Rodriguez
• Age 24
• Recent Cal Poly Graduate
• Mechanical Engineer
• 55,000/yr
• Single!!!
• No Children
• Retirement at age 55

3
Scenario 2

• Mr. Sarabia
• Age 35
• High School Teacher
• 25,000/yr
• Married
• 4 Children
• Retirement at age 70

4
Scenario 3

• Mr. Abdo
• Age 50
• Brain Surgeon
• 158,000/yr
• Married
• 2 Children
• Retirement at age 55

5
Factors to Investigate

• Buyers Income
• Resale Value
• Maintenance
• Insurance
• Location
• Dependencies

6
Resources

• Internet
• Real Estate Consultants
• Personal Experiences