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Part of being an accountant means telling your clients what they can afford. Randy and Soshana have been married for a few years and are
Part of being an accountant means telling your clients what they can afford. Randy and Soshana have been married for a few years and are looking to purchase their first home. Their combined salary is $150 000. They've saved up $75 000 for a down payment. They come to you to provide a budget of what they can afford. As an accountant, you will create a business proposal of 3 properties and include financial statement(s), showing them all the costs associated with purchasing and maintaining those properties. You will need to research various costs including all costs associated with purchasing and maintaining a home. Be strategic in your proposal. You will use Zoocasa and/or Realtor to access listings. ("In order to see sold listings on zoozasa, you have to create an account) Things to consider in your budget proposal: Price of Property Costs to maintain property Any advantages (comparing areas and properties) Client Profile - here is where you want to be strategic Randy Works for TTC Owns a car with no debt worth $8 000 Owns a cell phone ($60/month) Enjoys watching sports and movies on tv Car enthusiasts Soshana Works at Pearson Airport Owns a car with no debt worth $10 000 Owns a cell phone ($60/month) Enjoys going to concerts/shows Vacations are a must Part of being an accountant means telling your clients what they can afford. Randy and Soshana have been married for a few years and are looking to purchase their first home. Their combined salary is $150 000. They've saved up $75 000 for a down payment. They come to you to provide a budget of what they can afford. As an accountant, you will create a business proposal of 3 properties and include financial statement(s), showing them all the costs associated with purchasing and maintaining those properties. You will need to research various costs including all costs associated with purchasing and maintaining a home. Be strategic in your proposal. You will use Zoocasa and/or Realtor to access listings. ("In order to see sold listings on zoozasa, you have to create an account) Things to consider in your budget proposal: Price of Property Costs to maintain property Any advantages (comparing areas and properties) Client Profile - here is where you want to be strategic Randy Works for TTC Owns a car with no debt worth $8 000 Owns a cell phone ($60/month) Enjoys watching sports and movies on tv Car enthusiasts Soshana Works at Pearson Airport Owns a car with no debt worth $10 000 Owns a cell phone ($60/month) Enjoys going to concerts/shows Vacations are a must
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