When buying a distressed property you will likely will be dealing with a motivated seller and or bank. With recent market changes, many of these properties are selling quickly, as many investors and buyers are taking advantages of today’s incredible rates.
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For the most part listing agents (representing the bank or seller) are interested in having these homes off the market so they can begin the negotiation stage. There are times that you are able to purchase homes slightly below the market rate depending on strategy. Knowing whether or not a home in a certain area is located in an area where value retention is viable is something we can help you asses.

 

How do I know if I am a Distressed Seller?

At Skoglin Real Estate, we have assisted more than 90 clients in the most recent years with finding ways to create the best solutions for them. Having completed CDPE (Certified Distressed Property Expert) certification we are able to use our level of education and awareness of today’s “distressed market” to ease our clients worries with results. We create options for our sellers that may be in default (missed payments) or those that are facing challenges for them to stay in their home. There are various options through loan modifications and legal consulting that will help figure out what is the best path for your future. As always this information is always private and we pride ourselves to use upmost discretion. We understand that jobs transfers, illness, income changes and other factors are constantly issues that come up for our neighbors, friends and family and we are here to assist in figuring out what is truly the best next step.

 

Disadvantages of Purchasing a Distressed Property

Usually most assume that buying a distressed home you are going to get a great deal! That is not always the case. With inventory being so low, the San Diego market is changing. One of the biggest issues with buying a distressed home is the sale process. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get the bank to approve the sale. For the most part, homes in San Diego are in maintained condition, however, at times bank owned or foreclosed properties can be deemed “fixers”. For a list of all the active distressed homes for sale in San Diego please use our search icon below to browse. To find out more about how our experience representing distressed sellers and those buyers interested in learning more, please contact us.

 

Search Distressed Properties

$2,500,000 - 3Br/4Ba -  for Sale in Valley Center, Valley Center
$2,500,000
MLS# NDP2108958

16390 Dia Del Sol
Valley Center, CA 92082

Property Type: Detached
Offered by: Flagship Real Estate Group
$2,250,000 - 15Br/13Ba -  for Sale in Sunshine Summit, Warner Springs
$2,250,000
MLS# ND21141787

35025 Highway 79
Warner Springs, CA 92086

Property Type: Detached
Offered by: Chameleon/Red Hawk Realty
$2,149,000 - 4Br/4Ba -  for Sale in Rancho Santa Fe, Rancho Santa Fe
$2,149,000
MLS# PTP2106362

7087 Rancho Santa Fe View Court
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: United California Realty
$1,600,000 - 0Br/1Ba -  for Sale in Fallbrook, Bonsall, Vista, Carlsbad, Fallbrook
$1,600,000
MLS# NDP2106805

2357 Via Monserate
Fallbrook, CA 92028

Property Type: Detached
Offered by: ERA Ranch & Sea Realty
$1,349,000 - 3Br/3Ba -  for Sale in Liberty Station, San Diego
$1,349,000
MLS# 210017538

2782 Laning Rd
San Diego, CA 92106

Property Type: Detached
Offered by: Team Metro
$1,200,000 - 0Br/1Ba -  for Sale in Japatul Valley, Alpine
$1,200,000
MLS# PTP2104304

22645 Illahee Drive
Alpine, CA 91901

Property Type: Detached
Offered by: Coldwell Banker West
$885,000 - 3Br/3Ba -  for Sale in Live Oak Park, Fallbrook
$885,000
MLS# 210023587

2543 Los Alisos S
Fallbrook, CA 92028

Property Type: Detached
Offered by: HomeCoin.com
$840,000 - 4Br/3Ba -  for Sale in Chula Vista
$840,000
MLS# PTP2106040

1416 Feather River Pl
Chula Vista, CA 91915

Property Type: Attached
Offered by: Coldwell Banker West
$800,000 - 3Br/3Ba -  for Sale in Fallbrook, Fallbrook
$800,000
MLS# 200010323

3281 Reche Rd
Fallbrook, CA 92028

Property Type: Detached
Offered by: Big Block Realty, Inc.
$760,000 - 3Br/3Ba -  for Sale in Spring Valley
$760,000
New
MLS# PTP2106125

1615 Capistrano Ave.
Spring Valley, CA 91977

Property Type: Detached
Offered by: United Real Estate San Diego
$725,000 - 2Br/2Ba -  for Sale in Lake San Marcos, San Marcos
$725,000
New
MLS# NDP2110830

1397 Via Firenze
San Marcos, CA 92078

Property Type: Townhome
Offered by: La Costa Sales & Rentals, Inc
$700,000 - 3Br/3Ba -  for Sale in Carlsbad
$700,000
MLS# NDP2107911

4106 Karst Rd.
Carlsbad, CA 92010

Property Type: Attached
Offered by: Broadpoint Properties, Inc