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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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$2,750,000 - 6Br/8Ba -  for Sale in Rancho Santa Fe
$2,750,000
New
MLS# NP20019020

8543 Via Rancho Cielo
Rancho Santa Fe, CA 92029

Property Type: Detached
Offered by: Coast Realty Services
$2,425,000 - 7Br/6Ba -  for Sale in Harrison Park, Julian
$2,425,000
MLS# 190059120

17550 Harrison Park Rd
Julian, CA 92036

Property Type: Detached
Offered by: The Funderburk Co.
$1,999,000 - 6Br/5Ba -  for Sale in Muirlands, La Jolla
$1,999,000
MLS# 190055459

6714 Muirlands Dr.
La Jolla, CA 92037

Property Type: Detached
Offered by: Atlas Realty, Inc.
$1,995,000 - 5Br/7Ba -  for Sale in Cielo, Rancho Santa Fe
$1,995,000
MLS# 190054504

18121 El Brazo
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Coldwell Banker Res. Brokerage
$1,200,000 - 3Br/3Ba -  for Sale in La Costa Oaks, Carlsbad
$1,200,000
New
MLS# 200003106

7357 Calle Conifera
Carlsbad, CA 92009

Property Type: Detached
Offered by: Richard Realty Group, Inc
$1,050,000 - 3Br/3Ba -  for Sale in Waters End, Carlsbad
$1,050,000
MLS# 190057951

6925 Waters End Dr
Carlsbad, CA 92011

Property Type: Detached
Offered by: The Lund Team, Inc
$1,050,000 - 4Br/5Ba -  for Sale in Carlsbad Court, Carlsbad
$1,050,000
New
MLS# 200003658

6879 Goldstone Road
Carlsbad, CA 92009

Property Type: Detached
Offered by: The Manfred Group
$950,000 - 4Br/3Ba -  for Sale in Bahama Village, Coronado
$950,000
MLS# 190056683

26 Catspaw Cape
Coronado, CA 92118

Property Type: Detached
Offered by: Allison James Estates & Homes
$936,000 - 3Br/3Ba -  for Sale in Fieldstone, Encinitas
$936,000
New
MLS# 200004428

1038 Glen Arbor Dr
Encinitas, CA 92024

Property Type: Detached
Offered by: Excel Properties
$899,000 - 3Br/3Ba -  for Sale in Hidden Meadows, Escondido
$899,000
MLS# 190045135

28480 Sage Glen Trl
Escondido, CA 92026

Property Type: Detached
Offered by: Aspire Pacific Realty
$860,000 - 5Br/4Ba -  for Sale in Heritage, Chula Vista
$860,000
New
MLS# 200004287

1442 Stanislaus Dr
Chula Vista, CA 91913

Property Type: Detached
Offered by: McTygue Group Inc
$859,000 - 5Br/5Ba -  for Sale in Salt Creek Ranch, Chula Vista
$859,000
New
MLS# 200003116

849 Hunters Ridge Pl
Chula Vista, CA 91914

Property Type: Detached
Offered by: HomeCoin.com