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

$3,850,000 - 5Br/6Ba -  for Sale in Rancho Santa Fe
$3,850,000
MLS# NDP2211357

7881 Calle Dos Lagos
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Coldwell Banker Realty
$3,500,000 - 5Br/7Ba -  for Sale in Robertson Ranch, Carlsbad
$3,500,000
MLS# 220017757

2575 Glasgow Drive
Carlsbad, CA 92010

Property Type: Detached
Offered by: Compass
$2,250,000 - 15Br/15Ba -  for Sale in Sunshine Summit, Warner Springs
$2,250,000
MLS# ND22214783

35025 Highway 79
Warner Springs, CA 92086

Property Type: Detached
Offered by: Tandado Real Estate, Inc.
$1,795,000 - 4Br/3Ba -  for Sale in La Jolla
$1,795,000
MLS# OC21249729

5535 La Jolla Mesa Drive
La Jolla, CA 92037

Property Type: Detached
Offered by: Realty One Group West
$1,300,000 - 5Br/3Ba -  for Sale in Echo Hills, La Mesa
$1,300,000
MLS# NDP2211253

4314 Corte Sano
La Mesa, CA 91941

Property Type: Detached
Offered by: Century 21 Full Realty Service
$1,080,900 - 4Br/3Ba -  for Sale in El Cajon
$1,080,900
MLS# MC22218964

1627 Avenida Ladera
El Cajon, CA 92020

Property Type: Detached
Offered by: A2Z Homes, Inc.
$998,900 - 4Br/4Ba -  for Sale in Fallbrook
$998,900
MLS# MC22206156

1748 Via Monserate
Fallbrook, CA 92028

Property Type: Detached
Offered by: A2Z Homes, Inc.
$995,000 - 4Br/4Ba -  for Sale in Alpine, Alpine
$995,000
MLS# PT22238310

1333 Ramblewood Road
Alpine, CA 91901

Property Type: Detached
Offered by: Coldwell Banker West
$919,000 - 4Br/2Ba -  for Sale in Mount Helix, La Mesa
$919,000
MLS# 220026175

4441 Carmen Drive
La Mesa, CA 91941

Property Type: Detached
Offered by: Cairn Realty Group, Inc.
$900,000 - 4Br/3Ba -  for Sale in Valley Center, Valley Center
$900,000
MLS# 220018655

12703 Lonesome Oak Way
Valley Center, CA 92082

Property Type: Detached
Offered by: GenStone Inc.
$850,250 - 4Br/4Ba -  for Sale in Vista
$850,250
MLS# NDP2208919

1948 Cresthaven
Vista, CA 92084

Property Type: Detached
Offered by: Professional Realty Services
$800,000 - 5Br/3Ba -  for Sale in Emerald Hills, San Diego
$800,000
MLS# 220020589

843 Alvin St
San Diego, CA 92114

Property Type: Detached
Offered by: Ed Smith Jr. & Associates