PURCHASING A PURCHASING A CONDO vs HOMECONDO vs HOME

GROUP 2GROUP 2

Salim Abdo Salim Abdo (Organizer)(Organizer)

Richard DoRichard Do (Tech) (Tech)

Jacob Helvie Jacob Helvie (Organizer)(Organizer)

Danielle Rodriguez Danielle Rodriguez (Tech)(Tech)

Javier SarabiaJavier Sarabia (Summarizer) (Summarizer)

Md. Sarker Md. Sarker (Summarizer)(Summarizer)

Scenario # 1Scenario # 1

Ms. RodriguezMs. Rodriguez– Age: 24Age: 24– Recent Cal Poly GraduateRecent Cal Poly Graduate– Mechanical EngineerMechanical Engineer– $55,000/yr$55,000/yr– Single!!!Single!!!– No ChildrenNo Children– Retirement at age 55Retirement at age 55

Scenario # 2Scenario # 2

Mr. SarabiaMr. Sarabia– Age: 35Age: 35– High School TeacherHigh School Teacher– $25,000/yr$25,000/yr– MarriedMarried– 4 Children4 Children– Retirement at age 70Retirement at age 70

Scenario # 3Scenario # 3

Mr. AbdoMr. Abdo– Age: 50Age: 50– Brain SurgeonBrain Surgeon– $158,000/yr$158,000/yr– MarriedMarried– 2 Children2 Children– Retirement at age 55Retirement at age 55

Factors to InvestigateFactors to Investigate

Buyers IncomeBuyers Income Resale ValueResale Value MaintenanceMaintenance InsuranceInsurance LocationLocation DependenciesDependencies

ResourcesResources

InternetInternet Real Estate ConsultantsReal Estate Consultants Personal ExperiencesPersonal Experiences