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

Map showing the kinds of soil in a designated locality. ...

Contiguous shore area bordering a river that is subject to periodic water level increases. In the flood stage, the flood plain can be under water. ...

Welcome to the world of magical yet perplexing real estate! Undeniably, there's a lot to learn, but we're here to explain miscellaneous terminology so that you can make educated decisions. ...

Enumeration of the consideration given by each party to a contract which in some cases must be in written form to be enforceable. For example, the statute of frauds requires that all ...

Work required as a court judgment because of a crime committed. ...

An arm’s-length transaction is a business deal, or transaction where the seller and buyer act independently of each other without influence on the other party. What sets these types ...

Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional association of appraisers, property managers, title examiners, and others having interest ...

A building having one house hold on the first floor and a second household on the second floor. ...

Founded in 1947 and located in Washington, DC, the NAREB has 7,500 members with 15 regional groups and 6 state groups. It offers certification programs for members of the real estate ...

Popular Real Estate Questions