Comments on: Are sales really “failing” to sell? http://raincityguide.com/2009/06/13/are-sales-really-failing-to-sell/ Seattle's Leading Resource for Real Estate Information Thu, 18 Mar 2010 22:34:51 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2009/06/13/are-sales-really-failing-to-sell/#comment-340530 ARDELL Sat, 13 Jun 2009 21:31:47 +0000 http://raincityguide.com/?p=6624#comment-340530 After compiling the data here and the data in the post linked in the bottom of this one, I think it is highly possible that one person is putting more than one property into pending at the same time. The huge variance in the ratio of closed short sales vs. pending short sales would suggest that. The variance is too great. So if someone puts 3 or more houses into "pending" waiting for lienholder approval, then cancels 2 or more and closes on one, that would account for part of the huge "fall out" rate. After compiling the data here and the data in the post linked in the bottom of this one, I think it is highly possible that one person is putting more than one property into pending at the same time. The huge variance in the ratio of closed short sales vs. pending short sales would suggest that. The variance is too great.

So if someone puts 3 or more houses into “pending” waiting for lienholder approval, then cancels 2 or more and closes on one, that would account for part of the huge “fall out” rate.

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