April 3,194 escrows opened. 290 closed already. need 2410 to close to get to 2700 estimate. That leaves 500 to drop out of pending or go to May? Did I get that right? What accounts for the 1800 remaining pendings? Pendings gotta be same as following months closings. Could developers be keeping condos in escrow that were cancelled? 1) Appraisers use pendings in evaluating proeprties? 2) Tell new buyer Look I got one in pending for $915,000 so that’s a good price for you to pay too. 3) Show lender Hey I got 15% under contract so give me the loan. Somethigni fishy going on? Is it normal for Pendings being 1.5x closings? Can you check with your broker cuz the legal aspects are filled with intrigue…..Twilight ZONE………Shady stuff I think not lazy agent…………….
