Pay Per Click Strategies

Chapter 24 – From Contract to Completion

 

Purchaser’s Statement of Adjustment

 

 

  • Ask 2 questions for each item

 

o Debit

  • Does purchaser/vendor owe at completion?

o Credit

  • Has purchaser/vendor already paid?

 

Ask: Items Debit (owes) Credit (already paid)
Does the purchaser pay at the completion? Purchase prices $200,000
Does the purchaser pay at the completion? 1% title insurance $2,000
Has the purchaser already paid? Down payment $10,000
Does the purchaser pay at the completion? Closing Costs

Insurance

– Legal fees

– Disbursements

$200

$1,000

$400

$200

$200

$1,000

$400

$200

Does the purchase pay?

No. The bank has promised to loan.

Mortgage $10,000
$217 Taxes Does the purchase have to pay?

Depends if it was before or after July 1st?

Yes, if the owner has paid in advance.

Is rental $ owed to purchaser? Downpayment $420
Balance due to complete Box 3

Add up credits

$160,420

Subtract Credits (box 3)

From Debits (box 2)=

Add up

Debits

$204,417

Copy Box 1

$204,417

 

Get new e-books by email:

There is no form with title: "SEOWP: MailChimp Subscribe Form – Horizontal". Select a new form title if you rename it.

More on digital marketing in our blog

See all posts