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

$3,500,000 - 3Br/2Ba -  for Sale in Ramona
$3,500,000
New
MLS# NDP2207033

910 Gem Lane
Ramona, CA 92065

Property Type: Detached
Offered by: MJN Real Estate, Inc
$2,250,000 - 15Br/15Ba -  for Sale in Sunshine Summit, Warner Springs
$2,250,000
MLS# ND22065831

35025 Highway 79
Warner Springs, CA 92086

Property Type: Detached
Offered by: Tyler Stamets, Broker
$1,999,900 - 6Br/7Ba -  for Sale in Chula Vista
$1,999,900
MLS# PTP2203336

3176 Via Viganello
Chula Vista, CA 91914

Property Type: Detached
Offered by: Big Block Realty, Inc
$1,585,000 - 5Br/3Ba -  for Sale in Stonebridge, San Diego
$1,585,000
MLS# 220009614

12742 Brookside Ln
San Diego, CA 92131

Property Type: Detached
Offered by: Windermere Homes & Estates
$1,299,000 - 6Br/2Ba -  for Sale in Rancho El Cajon, El Cajon
$1,299,000
MLS# NDP2206568

1147 Merritt Drive
El Cajon, CA 92020

Property Type: Detached
Offered by: Harcourts Prime Properties
$1,275,000 - 3Br/3Ba -  for Sale in Flair Encinitas, Encinitas
$1,275,000
New
MLS# 220016441

1494 Flair Encinitas Dr
Encinitas, CA 92024

Property Type: Attached
Offered by: Big Block Realty, Inc.
$1,274,000 - 4Br/3Ba -  for Sale in Sabre Springs, San Diego
$1,274,000
MLS# PTP2204014

11022 Dove Tail
San Diego, CA 92128

Property Type: Detached
Offered by: Revolve Real Estate
$1,199,000 - 2Br/2Ba -  for Sale in Columbia, San Diego
$1,199,000
MLS# 220014950

1240 India St 802
San Diego, CA 92101

Property Type: Attached
Offered by: HomeSmart Realty West
$1,100,000 - 5Br/3Ba -  for Sale in Bonita, Bonita
$1,100,000
MLS# 220013602

2809 Via Del Allazon
Bonita, CA 91902

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$975,500 - 3Br/1Ba -  for Sale in San Diego
$975,500
New
MLS# PTP2204240

5028 35 Th
San Diego, CA 92116

Property Type: Detached
Offered by: Guardian Realty
$949,990 - 4Br/3Ba -  for Sale in Sunbow, Chula Vista
$949,990
MLS# NDP2206395

1413 La Chica Drive
Chula Vista, CA 91911

Property Type: Detached
Offered by: Pierview Properties
$900,000 - 5Br/4Ba -  for Sale in Jamul, Spring Valley
$900,000
MLS# PTP2203760

3110 Stoney Oak Dr
Spring Valley, CA 91978

Property Type: Detached
Offered by: Century 21 Award