REBNY Financial Statement 2001 free printable template

PAGE 4 FINANCIAL STATEMENT Name (s) Address The following is submitted as being a true and accurate statement of the financial condition of the undersigned on the day of 19. ASSETS LIABILITIES Applicant

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How to fill out REBNY Financial Statement

1. Begin with the personal information section: fill in your name, address, and contact details.
2. Provide your employment information: include your job title, employer's name, and salary.
3. List your assets: detail all bank accounts, investment accounts, real estate, and any other valuable possessions.
4. Include your liabilities: note any debts such as mortgages, credit card balances, and personal loans.
5. Fill out the income section: include all sources of income such as salary, bonuses, rental income, and dividends.
6. Detail your monthly expenses: provide an overview of recurring expenses such as rent/mortgage, utilities, and insurance.
7. Attach supporting documentation: include recent bank statements, pay stubs, and tax returns as evidence of your financial standing.
8. Review and double-check all information for accuracy before submission.

Who needs REBNY Financial Statement?

1. Individuals applying for rental housing in New York City.
2. Real estate professionals and agents representing clients in rental or sales transactions.
3. Landlords and property managers requiring financial verification from potential tenants.
4. Financial institutions assessing creditworthiness for lease agreements.

• What is the Rebuy Financial Statement?
• What is the Rebuy Financial Statement for?
• When is the Rebuy Financial Statement Due?
• • Is the Rebuy Financial Statement Accompanied by Other Forms?
  • What Information do I Include in the Rebuy Financial Statement?
  • Where do I Send the Rebuy Financial Statement?

What is the Rebuy Financial Statement?

You must know what the Rebuy Financial Statement is and how to complete it, if you sell or buy an apartment is the New York. This statement may be used by the sellers or listing agents for evaluating and comparing the financial strength of the buyers. It is a sort of the balance sheet. The potential purchaser will provide the information about the assets, monthly income and expenses, and liabilities.

What is the Rebuy Financial Statement for?

The Rebuy Financial Statement is applied in case of the sale or purchase of the co-op apartments. All listing agents of the New York co-ops will ask the purchaser to fill out this statement as it is a part of the whole offer submission procedure. In NYC, the co-op board rejections frequently take place. To avoid the rejection, make sure you have prepared the completed Rebuy Financial Statement.

When is the Rebuy Financial Statement Due?

This statement does not have any due date. It must be dated by the applicant, and it is the only date that must be indicated in the document.

Is the Rebuy Financial Statement Accompanied by Other Forms?

Generally, this balance sheet must be filed separately. Other documents may be required by the listing agent, if some misunderstandings arise.

What Information do I Include in the Rebuy Financial Statement?

First, you must write the name, address and the date when it will be signed. After that, you must provide the whole information about your assets and liabilities. It must include the following:

• Cash in banks;
• Investments;
• Contract deposits;
• Life insurance;
• Retirement funds;
• Accounts and notes receivable;
• Total assets;
• Mortgages;
• Unpaid income taxes;
• Debts;

Moreover, you must provide the information about the sources of income, monthly expenses, contingent liabilities and general information. The statement includes three schedules. The first one is devoted to the stocks and bonds, the second one is the Schedule of Real Estate, and the last one is called the Schedule of Notes Payable.

Where do I Send the Rebuy Financial Statement?

Once the statement is fully completed, send it to the listing agent.

Video instructions and help with filling out and completing real estate financial statements pdf

Instructions and Help about financial statement small business template

What is a RE BNY financial statement? A RE BNY financial statement is used by listing agents and sellers to evaluate and compare the financial strength of potential buyers. The RE BNY statement itself is a personal ‘balance sheet’ or statement of net worth. It asks a potential buyer to provide information about his or her assets (including cash, stocks, and property), liabilities (including mortgages and student loans) as well as monthly income (such as salary, bonuses and dividends) and projected monthly expenses. Given the strict financial requirements imposed by NYC co-ops during the board application process, RE BNY financial statements are most often used when dealing with the purchase and sale of co-op apartments. How do I complete a RE BNY financial statement? If you are buying a co-op in NYC, you will need to complete a RE BNY financial statement. We suggest that you prepare the statement early in your search so that when the time comes to submit an offer you don’t lose out to faster bidders who have already prepared their offer documentation. By working with an experienced buyer’s agent, you can request a buyer broker commission rebate and receive professional advice and guidance in preparing your offer documentation, negotiating and completing your board package. If I am selling, how do I review a buyer’s RE BNY financial statement? As a co-op FBO seller in NYC, you’ll want to be extra careful in reviewing the RE BNY financial statements of prospective buyers. The last thing you want is to sign a contract with a buyer who does not meet the co-op building’s financial requirements. When reviewing a RE BNY financial statement, be sure to check the prospective buyer’s monthly debt to income ratio and liquid net worth. Many co-ops have specific targets for post-closing liquidity and the percentage of housing expense relative to income.

What is rebny financial statement form?

What does this REBNY financial form include? For those of you who are familiar with accounting, the REBNY financial form is a combination of a personal balance sheet and income statement, and allows sellers to evaluate your financial capability and calculate your debt-to-income ratio for co-op purchases.

People Also Ask about remny financial stateme

What are examples of financial statements?

They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.

What is a Re financial statement?

The RE Statement is almost always required when submitting an offer on a co-op apartment in NYC. This Statement is a high-level summary of your assets, liabilities, income, and projected expenses. This lets the listing agent and seller ascertain whether you meet the co-op's financial requirements.

What is a financial statement for a divorce?

The divorce financial statement is a form that lists all assets and liabilities of each person involved in the divorce. Each person must fill one out their portion and submit it to the court in order to explain their financial situation to the court.

How do you create a financial statement?

How to Prepare Financial Statements Step 1: Verify Receipt of Supplier Invoices. Step 2: Verify Issuance of Customer Invoices. Step 3: Accrue Unpaid Wages. Step 4: Calculate Depreciation. Step 5: Value Inventory. Step 6: Reconcile Bank Accounts. Step 7: Post Account Balances. Step 8: Review Accounts.

What is a personal financial statement for a married couple?

Married couples may create joint personal financial statements by combining their assets and liabilities. Income and expenses are also included if the statement is used to attain credit or to show someone's overall financial position. This can be tracked on a separate sheet or an addendum, called the income statement.

What is a financial statement form?

A personal financial statement is a form or spreadsheet detailing a person's financial state at a certain point in time. It details income; the financial worth of stocks, bonds, annuities, mutual funds, and life insurance; and values certain assets.

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What is REBNY Financial Statement?

The REBNY Financial Statement is a standardized financial document developed by the Real Estate Board of New York (REBNY) for use by real estate professionals and businesses to report financial information about properties.

Who is required to file REBNY Financial Statement?

Any real estate owners, property managers, or organizations managing properties in New York City may be required to file a REBNY Financial Statement, especially when seeking financing or presenting financial records.

How to fill out REBNY Financial Statement?

To fill out the REBNY Financial Statement, you need to gather relevant financial data about the property, including income, expenses, and other financial metrics. Then, complete the form according to the provided instructions, ensuring all figures are accurate and comprehensive.

What is the purpose of REBNY Financial Statement?

The purpose of the REBNY Financial Statement is to provide a clear, standardized overview of a property's financial performance, aiding in transparency for potential investors, lenders, and regulatory bodies.

What information must be reported on REBNY Financial Statement?

The REBNY Financial Statement typically requires reporting on various financial aspects including revenue from rentals, operating expenses, net income, assets, liabilities, and any other pertinent financial data related to the property.