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

$9,999,000 - 5Br/8Ba -  for Sale in Newport Coast
$9,999,000
MLS# OC20078847

7 Shoreridge
Newport Coast, CA 92657

Property Type: Detached
Offered by: Fortune Weavers Realty Inc.
$8,000,000 - 5Br/8Ba -  for Sale in Newport Coast
$8,000,000
MLS# OC20204748

21 Skyridge
Newport Coast, CA 92657

Property Type: Detached
Offered by: Vylla Home, Inc.
$7,499,000 - 6Br/7Ba -  for Sale in Newport Coast
$7,499,000
MLS# NP21046847

1 Gallery Place
Newport Coast, CA 92657

Property Type: Detached
Offered by: Coldwell Banker Realty
$4,999,000 - 8Br/8Ba -  for Sale in Terramar Beach, Carlsbad
$4,999,000
MLS# PTP2100967

5420 Carlsbad Boulevard
Carlsbad, CA 92008

Property Type: Detached
Offered by: HomeSmart Realty West
$2,900,000 - 3Br/3Ba -  for Sale in Laguna Beach
$2,900,000
MLS# OC20213157

2545 Iris Way
Laguna Beach, CA 92651

Property Type: Detached
Offered by: First Team Real Estate
$2,799,900 - 5Br/6Ba -  for Sale in Newport Beach
$2,799,900
MLS# OC20237643

508 Westminster Avenue
Newport Beach, CA 92663

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$2,560,000 - 5Br/3Ba -  for Sale in Newport Beach
$2,560,000
MLS# OC21058257

1814 Port Seabourne Way
Newport Beach, CA 92660

Property Type: Detached
Offered by: Wind Water, Inc
$2,500,000 - 3Br/4Ba -  for Sale in Valley Center, Valley Center
$2,500,000
MLS# 200036186

16390 Dia Del Sol
Valley Center, CA 92082

Property Type: Detached
Offered by: Flagship Real Estate Group
$2,000,000 - 3Br/1Ba -  for Sale in Bonita
$2,000,000
MLS# PTP2102086

4101 Sweetwater Road
Bonita, CA 91902

Property Type: Detached
Offered by: Big Block Realty, Inc
$1,999,999 - 7Br/5Ba -  for Sale in El Cariso, Lake Elsinore
$1,999,999
MLS# OC21035915

32784 Ortega
Lake Elsinore, CA 92530

Property Type: Detached
Offered by: HomeSmart, Evergreen Realty
$1,649,000 - 6Br/7Ba -  for Sale in Riverside
$1,649,000
MLS# IV20150883

7300 Chateau Ridge Lane
Riverside, CA 92506

Property Type: Detached
Offered by: Colonial Realty Group
$1,600,000 - 2Br/2Ba -  for Sale in Fallbrook, Bonsall, San Diego, Fallbrook
$1,600,000
MLS# NDP2002407

Via Monserate
Fallbrook, CA 92003

Property Type: Detached
Offered by: ERA Ranch & Sea Realty