Congratulations, Mr. and Mrs. Idea L. Neighbor are hiring you to look for a house for them and their 10 and 14 year old children. Mr. Neighbor is an independent businessman with store in downtown Houston and Mrs. Neighbor is a homemaker with interest in community activities, sports activities for the children, does not like to drive too much. They are looking for a 3,000 sq.ft. (at least) house with, at least, 4 bedrooms and a minimum of 3 bathrooms. Their budget is $250,000 with a maximum monthly PITI payment of S2,700. You are to prepare the following documents: Suggest least 5 houses that accommodate their needs. You may use information from www.har.com or www.trulia.com or any other web sites to prepare a dossier of each of the houses with pros and cons of the individual house. Sales contract Calculate the monthly payment for each of the houses that you are recommending (using the going 30 year fixed rate) and Amortization schedule for the best house only if they add S100 extra to their monthly payment. Closing statement You should approach the project as a sales pitch to this "couple" to buy a particular house that you are recommending. You should go to any of the real estate web site, as the project document says, and pick 4 or 5 houses that meet the couple's need. You should document the pros recommend one that you think the couple should get. and cons of these houses and You can apply any knowledge you may have learned throughout the semester to "sell" you recommendation and make it easy for them to get it as well For example, if the house that you are recommending is a lttle bit out of their budget, you can show them the various mortgage option they can use to make the particular house affordable, or if they are look for 4 bed room house but the house you are recommending has 6 bed room then perhaps you can make your case based on incremental property tax burden vs. future price appreciation, etc. The bottom line is, the more application of knowledge that you can show in your project the better off you are. By the way you may use S2,800 as an estimated for the property tax and S1,800 for insurance. You don't have to present your project but make sure it is not too voluminous. Regarding the credit score... treat the couple as having an average credit score As far as down payment the benefit the couple was not planning on it but open to it provided you can show them As far as age of the house.. they don't have any preference but again, whichever way you recommend make sure it comes with pros and cons. Also, you may want to include tips on how to get lower insurance premium to reduce their PITI to beef up your project. Congratulations, Mr. and Mrs. Idea L. Neighbor are hiring you to look for a house for them and their 10 and 14 year old children. Mr. Neighbor is an independent businessman with store in downtown Houston and Mrs. Neighbor is a homemaker with interest in community activities, sports activities for the children, does not like to drive too much. They are looking for a 3,000 sq.ft. (at least) house with, at least, 4 bedrooms and a minimum of 3 bathrooms. Their budget is $250,000 with a maximum monthly PITI payment of S2,700. You are to prepare the following documents: Suggest least 5 houses that accommodate their needs. You may use information from www.har.com or www.trulia.com or any other web sites to prepare a dossier of each of the houses with pros and cons of the individual house. Sales contract Calculate the monthly payment for each of the houses that you are recommending (using the going 30 year fixed rate) and Amortization schedule for the best house only if they add S100 extra to their monthly payment. Closing statement You should approach the project as a sales pitch to this "couple" to buy a particular house that you are recommending. You should go to any of the real estate web site, as the project document says, and pick 4 or 5 houses that meet the couple's need. You should document the pros recommend one that you think the couple should get. and cons of these houses and You can apply any knowledge you may have learned throughout the semester to "sell" you recommendation and make it easy for them to get it as well For example, if the house that you are recommending is a lttle bit out of their budget, you can show them the various mortgage option they can use to make the particular house affordable, or if they are look for 4 bed room house but the house you are recommending has 6 bed room then perhaps you can make your case based on incremental property tax burden vs. future price appreciation, etc. The bottom line is, the more application of knowledge that you can show in your project the better off you are. By the way you may use S2,800 as an estimated for the property tax and S1,800 for insurance. You don't have to present your project but make sure it is not too voluminous. Regarding the credit score... treat the couple as having an average credit score As far as down payment the benefit the couple was not planning on it but open to it provided you can show them As far as age of the house.. they don't have any preference but again, whichever way you recommend make sure it comes with pros and cons. Also, you may want to include tips on how to get lower insurance premium to reduce their PITI to beef up your project