Definition of "Pro forma statement"

Shawn  Hermansen real estate agent

Written by

Shawn Hermansenelite badge icon

RE/MAX Encore II

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.

Comments for Pro Forma Statement

MALLORY MALLORY said:

WHEN PURCHASING PROPERTY, WHO IS THE PARTY THAT RECEIVES THE PROFORMA ON A MULTI-FAMILY DWELLING?

Apr 30, 2019  16:09:37

 
Real Estate Agent

Hello, 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  04:24:40
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to ...

Restoring real property to an improved state. The restoration is usually needed because the property's condition has worsened. ...

When a mortgage loan is provided to a borrower, the lender establishes a fund called a tax and insurance escrow to accumulate the debtor's monthly payments for property taxes and insurance ...

Deed that states "love and affection" as the consideration for the gifted real estate. ...

Once of a set of timbers used in the construction of a building or for esthetic purpose, the land around a property for beautification. ...

(1) Price a buyer is willing to pay, or bid, for a certain piece of property. It is the highest price offered to buy the property. (2) Price per share that shareholders receive when they ...

Imagine someone asking you about the definition of the real estate market. At first sight, it may seem like an easy answer. But wait! Could the real estate market meaning be more complex ...

Any written evidence or tangible material which can be reproduced as written material which is coherent and related to the subject at hand. This includes documents, contracts, inscriptions ...

See assumption of mortgage; deed of trust. ...

Popular Real Estate Questions