I need a Real Estate Project finished. I have copy and pasted the instructions and details. But I would recommend looking at the attached PDF. It has all the information on it as well as what the formatting should look like. PLEASE follow the instructions carefully and format it correctly. Let me know if you need anymore materials such as class slides etc.
This individual (independent) project is due at the beginning of class November 20, 2019.
Late projects will not be accepted and will be assigned zero (0) points. The project will be
graded on student creativity, incentive and ability to logically apply the concepts presented
in the course readings and lectures. It will also be graded for organization and form.
Poorly organized or incomplete projects will be penalized. Electronic copies will not be
accepted. The project must be typed and well organized.
You need to do research for this project. All external data references/sources are to be
appropriately referenced and documented in footnotes or endnotes. Provide a hard copy of
all relevant supporting data used in your analysis. Your submission should consist of
stapled white paper only (no covers).
Case Details
You are the realtor for a 30 year old married couple with two children, ages 6 and 5 seeking to purchase their first home. Both spouses are college educated professionals with joint income of $140,000 per year (only income sources). Neither spouse is a veteran. One spouse works in Boulder; the other spouse works in the Denver Tech Center. A change of employment is not under consideration. Their FICO scores are 720 and 760. One of their parents is gifting them $30,000 that will be used as part of a down payment. Testing indicates both children have the potential for Gifted and Talented education status. The family currently rents a two bedroom apartment in the Sunnyside area of Denver. Their needs, listed in priority, are: first, an area with highly rated public schools; second, at least three bedrooms, preferably more; third, a yard of their own; fourth,a location that minimizes/balances work drive time for both spouses; fifth, an area with lively shopping and restaurants, an sixth, a two-car garage.
Find a currently listed single family home in the Denver Metro area that best meets the
needs of your clients. Your property recommendation should be consistent with the stated
needs of your clients and the financing of the property must meet all conforming standards.
Your clients may have to make financial changes to qualify for a mortgage but all
recommended changes must be fully documented, viable, and in the best interest of the
clients. All prices, rates, and other data used in your analysis should be derived from
current market metrics.
The first 3 pages of your submission should follow the format provided below. The first
page of your submission should be a simple cover followed by a one-page (maximum)
summary that completely but concisely summarizes the details of your recommended home
purchase. The second page documents the mortgage qualification standards required by
Federal agencies. Financial analysis is required for meeting the conforming standards.
Other supporting documentation (house listing details, rate quotes, school ratings, etc)
should be attached beginning on page 3. Superfluous information should not be included.
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