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

The restitution of a property insurance policy that has lapsed due to nonpayment of premiums. ...

In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...

A free-standing building having four dwelling units under one roof. Normally a quadriplex is a two-story complex with one dwelling unit located on top of and adjacent to another. Other ...

Bottom of a frame such as a window sill. ...

Borrower who gives property as collateral for a loan. ...

Specific portion of a larger land tract. A parcel can also be a lot in a property subdivision. ...

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 ...

Contractual provision requiring apportionment. ...

The endorser stipulates something such as that the transferee cannot use the funds for six months. ...

Popular Real Estate Questions