Pro Forma Statement
Definition of "Pro forma statement"
Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in determining the possible financial effects of buying or renting property.
Popular Real Estate Terms
A judgment of a court issued as a final order after hearing all the evidence and material directly related to some matter before its consideration. A final degree considers al the rights to ...
What does inchoate refer to generally? The term inchoate is a formal word that can describe many things in various fields of life. An inchoate act defines something at an early stage, ...
The quality of life enjoyed by a person depending on factors such as spendable income, housing conditions, health and education. ...
Listing Agreement A.K.A. Listing is basically a contract allowing a real estate agent or broker to list a home for sale and act as the home seller agent representing his/her interests ...
Process determining an individual's financial ability to meet the terms of a loan. When selling real estate, the sales broker must qualify the buyer to make certain he/ she has the ...
The willingness of a lender to give a mortgage to a mortgagor. A mortgage commitment will give a time period the mortgage will be given and an indication of the interest rate to be charged ...
A zero lot line is a term in residential real estate that refers to houses that are either very close to or at the edge of the property line. These houses are also called zero lot line ...
The government under emminent domain takes Way to determine how much to pay an owner whose property before-and-after method. ...
Also called all inclusive trust deed (AITD). A mortgage (trust deed) that encompasses existing mortgages and is subordinate to them. The existing mortgages stay on the property and the new ...
Comments for Pro Forma Statement
WHEN PURCHASING PROPERTY, WHO IS THE PARTY THAT RECEIVES THE PROFORMA ON A MULTI-FAMILY DWELLING?
Apr 30, 2019 16:09:37Hello, Mallory! The Real Estate Pro Forma is a document that reveals the profitability of a property. So, in this case, the investor is the one who must analyze this document. However, you may also want to do a SWOT analysis as well. Keep an eye on our website because we will soon publish a detailed article on this topic.
May 01, 2019 04:24:40Have a question or comment?
We're here to help.