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Glenn Ginsburg
- 45 Helpful Answers
- 58 Answers
- 2 Listings
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Profile Link:
Experience:
Broker/Owner for A Delta Realty of Naples
October 1998—present
Opened my own real estate brokerage firm.
Opened my own real estate brokerage firm.
Sales Associate for Century 21 Mike Miller
August 1996—December 1997
Licensed real estate associate
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Licensed real estate associate
Specialties:
I specialize in only in the buying and listing of residential real estate in Naples, Bonita Springs, and Estero areas of southwest Florida. I do not handle
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Certifications
& Awards:
& Awards:
2008 Best In Client Services - Real Estate Agent by Gulfshore Magazine
2007 Best In Client Services - Real Estate Agent by Gulfshore Magazine ... show more
2007 Best In Client Services - Real Estate Agent by Gulfshore Magazine ... show more
About:
Originally from the greater Boston, Massachusetts area.
Started visiting the Naples area in 1978 for winter vacations and became a full-time Naples resident ... show more
Started visiting the Naples area in 1978 for winter vacations and became a full-time Naples resident ... show more
Testimonials:
"A Delta Realty of Naples should be your first choice for real estate related services in Naples. My personal experience has been that their services and
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Glenn Ginsburg answered:
These are two great questions.
1. Short sales represent roughly 22% of all active MLS listings. I would say very few homes currently on the MLS (that are less than $550k, and that are currently not a short sale) will become one, because nearly all of the rest of them are already bank owned. This question really pertains to higher-end homes. And while the answer to this good question can only be guessed at… the very asking of the question means we’re starting to look in the right place for answers to this whole mess.
2. In most market segments that I cover, around 15% of short sales end up closing.
Meantime, here’s another good question:
"What is the percentage of potential short sales in the real estate market in general (i.e. not yet on the MLS)?"
Roughly 25% of all US mortgage holders are "upside down" and experts agree this number will only grow going forward... and since last year when we have had a record number of foreclosures… the number of new mortgage defaults has only increased, and since the segment of MLS inventory affected by this is actually down (not up)… could not 1 out of every 4 US houses (with mortgages on them) be potential short sale candidates?
1. Short sales represent roughly 22% of all active MLS listings. I would say very few homes currently on the MLS (that are less than $550k, and that are currently not a short sale) will become one, because nearly all of the rest of them are already bank owned. This question really pertains to higher-end homes. And while the answer to this good question can only be guessed at… the very asking of the question means we’re starting to look in the right place for answers to this whole mess.
2. In most market segments that I cover, around 15% of short sales end up closing.
Meantime, here’s another good question:
"What is the percentage of potential short sales in the real estate market in general (i.e. not yet on the MLS)?"
Roughly 25% of all US mortgage holders are "upside down" and experts agree this number will only grow going forward... and since last year when we have had a record number of foreclosures… the number of new mortgage defaults has only increased, and since the segment of MLS inventory affected by this is actually down (not up)… could not 1 out of every 4 US houses (with mortgages on them) be potential short sale candidates?
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