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

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$4,400,000 - 5Br/5Ba -  for Sale in Muirlands, La Jolla
$4,400,000
MLS# 180003981

1532 El Camino Del Teatro
La Jolla, CA 92037

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$3,995,000 - 5Br/6Ba -  for Sale in Del Mar Country Club, Rancho Santa Fe
$3,995,000
MLS# 180017517

6395 Clubhouse Drive
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$2,990,000 - 5Br/7Ba -  for Sale in Covenant, Rancho Santa Fe
$2,990,000
MLS# 180050817

6036 San Elijo
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: The Funderburk Co.
$2,729,000 - 5Br/5Ba -  for Sale in San Diego
$2,729,000
New
MLS# MC18286004

5251 Pacifica Drive
San Diego, CA 92109

Property Type: Detached
Offered by: A2Z Homes, Inc.
$2,199,000 - 4Br/6Ba -  for Sale in Elfin Forest, Escondido
$2,199,000
New
MLS# 180066777

7040 Elfin Oaks Rd
Escondido, CA 92029

Property Type: Detached
Offered by: eXp Realty of California Inc
$2,175,000 - 4Br/6Ba -  for Sale in Fairbanks Highlands, San Diego
$2,175,000
Open House
MLS# 180043066

14087 Caminito Vistana
San Diego, CA 92130

Property Type: Detached
Offered by: The Funderburk Co.
$2,100,000 - 7Br/9Ba -  for Sale in Fairbanks Ranch, Rancho Santa Fe
$2,100,000
MLS# 180011554

17061 Circa Del Sur
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: RE/MAX United
$1,735,000 - 4Br/5Ba -  for Sale in Cielo, Rancho Santa Fe
$1,735,000
MLS# 170053033

7977 Camino De La Dora
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Pacific Sotheby's Int'l Realty
$1,459,000 - 4Br/3Ba -  for Sale in La Jolla Shores, La Jolla
$1,459,000
MLS# 180064940

7904 Calle De La Plata
La Jolla, CA 92037

Property Type: Detached
Offered by: Allison James Estates & Homes
$1,399,900 - 4Br/6Ba -  for Sale in Lake Vista Estates, Bonsall
$1,399,900
MLS# 180065366

31374 Lake Vista Cir
Bonsall, CA 92003

Property Type: Detached
Offered by: Richard Realty Group, Inc
$1,399,000 - 5Br/5Ba -  for Sale in Rancho Del Rio, Rancho Santa Fe
$1,399,000
MLS# 180065268

17577 Rancho Del Rio
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Keller Williams SD Metro
$1,390,000 - 4Br/4Ba -  for Sale in San Diego
$1,390,000
MLS# IV18226921

13739 Rosecroft Way
San Diego, CA 92130

Property Type: Detached
Offered by: David Rosenthal, Broker