How to Write a Real Estate Statement?

There are four types of financial statements, according to the U.S. Securities and Exchange Commission. These are income statements, balance sheets, cash flow statements, and statements of stakeholder's equity. A real estate statement, on the other hand, gives you a complete picture of the financial transaction between a buyer and the seller.

Your goal in making a real estate statement is to present the transactions between you and your client. It involves some calculations and typing in some of your transactions' details. Don't worry about having to create one because we have some tips for you below.

1. Identify the Type of Statement You are Going to Make

There are several types of statements. Before you make one, you should identify the reason why you are creating one. Is it a balance sheet, or perhaps you need a financial statement.

2. Gather Contents

Next, you have to gather the contents for your chosen statement. Classify which details you must include, such as contents relevant to the transaction, like market prices, real estate budgets, etc.

3. Prepare a Draft

After gathering the contents for your statement, you can organize them in a sheet that will serve as your draft.

4. Fix the Draft and Make it Concise

Once you have completed your financial statement draft, you can proceed to fix possible mistakes and get rid of unnecessary data. Aim to make your document concise and comprehensive.

5. Proofread and Finalize

You've now made your final product! However, before printing it out, review and proofread it first. Look for mistakes in calculation or incorrect placement of items.

General FAQs

  • What is a financial statement?

  • What is real estate?

  • How do you make money as a real estate agent?

  • What is a real estate agent?

  • How much is the yearly income of a real estate agent?

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