@Pending

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What a ThursDAY!  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 releae was an error related to "fat thumbing" on an android.  Sound eery spooky?  It was only terrifying if the bulk of your investment portfolio is tied into equities earnings, or maybe you enjoy the thrill of a roller coaster ride.

@Pending is a common real estate industry term.  When a home receives an offer that becomes a signed contract complete with signatures, 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, back up offers are not uncommon during the @pending stage.  Properties priced correctly present high motivation for buyers anxious to get closed before the interest rates rise and inflation begins.  During the @pending phase of the real estate transaction, due diligence begins and the contingencies of the contract are addressed.  Contingencies vary from financing to appraisals, surveys and title work, inspections and review of documents upon documents.  The process itself can be tricky, and of course the devil is in the details.  Due to the set dates and deadlines, fat thumbing the droids are unusual.

Real estate is still the most reliable investment and should remain a significant portion of an individual's portfolio.  This is a great time for home buyers so get in the game and add a home to the @pending file.
#Buynow

Email: judy@kentwoodcity.com
Kentwood City Properties posted: October 19, 2012 - Judy's Denver - Blog
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