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About Glenn Ginsburg
Expertise
Answers general questions about residential real estate in Florida. More specific answers for the southwest area of Florida - Naples, Bonita Springs, and Estero Florida - Collier and Lee Counties. Will not answer any questions about commercial real estate or business brokerage.
Experience
Experience in the area:
I have held a Florida real estate license since 1995 and Florida mortgage broker license since 1996. I have specializes in the residential real estate market as a full-time REALTOR since 1996. Currently a member of the Legal Resources Committee of the Naples Area Board of Realtors.
Organizations
Naples Area Board of Realtors, Lake Placid Board of Realtors, Florida Association of Realtors, National Association of Realtors
Publications
Have been interviewed by the local NBC, ABC, and FOX affiliates about correcting erroneous information on credit reports, local real estate market conditions, and foreclosures. Glenn authors Naples Real Estate Blog
Education/Credentials
Bachelor of Science Degree in Accounting from Bentley College, Waltham, Mass.
Post graduate courses at Nova University.
Awards and Honors
2007 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
2006 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
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You are here: Experts > Real Estate > Real Estate by Location > Real Estate: Florida > real estate
Expert: Glenn Ginsburg - 10/27/2009
Question
on a bank owned home should i offer more than the asking price or less.
Answer
Jack,
There is no set answer as to what if your offer should be higher or lower than the asking price. For years banks use comparative market analysis to determine their list price and their bottom for the sales price. Unfortunately, too many people do not realize this aspect of the foreclosure or bank owned property.
Your offer should be based upon a comparative market analysis and adjusted for needed repairs, not cosmetic factors. A repair might be adding missing cabinets or a counter top. A cosmetic item is you don't care for the color of the walls - repainting is a cosmetic item.
Hope this information is helpful to you.
Glenn Ginsburg
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