@Pending

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What a day!  The Halloween tricks have begun and Google seems to be the target with early released earnings reports that dragged down the NASDAQ composite.  The untimely release was an error related to "fat thumbing" on an android.  Sound eery spooky?  Only terrifying if the bulk of your investment portfolio is tied into NASDAQ earnings, unless you enjoy the thrill of the roller coaster ride.

@Pending is a common term in the real estate industry.  When a home receives an offer that becomes contract with signatures from the buyer and the seller it is officially @pending a sale, but definitely not sold.  With such a low rate of inventory of homes for sale in many of the Denver communities, several offers are submitted during the @pending stage of the real estate contract.  During the @pending phase, all the contingencies are adressed and dates and deadlines move the contract closer to the closing table.  Some of the contingencies include financing, appraisals, surveys, review of title work and community documents, inspections and several additional contingencies pertaining on the needs of the purchaser.  This @pending is definitely different from sold, but with real estate this phase does not send the values of the homes within reach into a tailspin.

Real estate is still the most reliable investment and should remain a significant portion of an individual's portfolio.  The interest rates are extremely low, great for home buyers, but the inventory is also low.  Now is the time to get in the game and fat thumb a home for your @pending file.

Contact:
judy@kentwoodcity.com
Kentwood City Properties posted: October 18, 2012 - Judy's Denver - Blog
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