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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$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
$3,130,000 - 5Br/5Ba -  for Sale in Country Club, La Jolla
$3,130,000
MLS# 180018247

1540 Soledad Ave
La Jolla, CA 92037

Property Type: Detached
Offered by: Capital Property Brokers
$2,100,000 - 7Br/7Ba -  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
$1,775,000 - 4Br/5Ba -  for Sale in Cielo, Rancho Santa Fe
$1,775,000
MLS# 170053033

7977 Camino De La Dora
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Pacific Sotheby's Int'l Realty
$1,595,000 - 4Br/5Ba -  for Sale in Cielo, Rancho Santa Fe
$1,595,000
MLS# 180024422

8049 Camino De Arriba
Rancho Santa Fe, CA 92067

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$1,499,000 - 4Br/5Ba -  for Sale in Del Sur, San Diego
$1,499,000
MLS# 180036170

14563 Via Bettona
San Diego, CA 92127

Property Type: Detached
Offered by: PMR Capital Funding
$1,450,000 - 5Br/4Ba -  for Sale in La Suvera, Carlsbad
$1,450,000
New
MLS# 180037738

1684 Fisherman Dr
Carlsbad, CA 92011

Property Type: Detached
Offered by: Michael Gaddis,JD Realty Group
$1,350,000 - 5Br/5Ba -  for Sale in Morgan Run / Whispering Palms, Rancho Santa Fe
$1,350,000
MLS# 170062687

16108 Via Madera Circa W
Rancho Santa Fe, CA 92091

Property Type: Detached
Offered by: Coldwell Banker Res Brokerage
$1,150,000 - 6Br/5Ba -  for Sale in 4s Ranch, San Diego
$1,150,000
MLS# 180018861

10237 Paseo De Linda
San Diego, CA 92127

Property Type: Detached
Offered by: Wannebo Real Estate Group
$1,150,000 - 5Br/6Ba -  for Sale in Aguacate Ranch, Bonsall
$1,150,000
New
MLS# 180039171

1110 Vista De Lomas
Bonsall, CA 92003

Property Type: Detached
Offered by: Select California Homes
$1,100,000 - 3Br/3Ba -  for Sale in Plumosa Park, San Diego
$1,100,000
MLS# 180005881

3631 Hyacinth Dr
San Diego, CA 92106

Property Type: Detached
Offered by: Network Realty & Mortgage
$995,000 - 3Br/2Ba -  for Sale in Crown Point, San Diego
$995,000
MLS# 170062706

1703 La Playa Ave C
San Diego, CA 92109

Property Type: Attached
Offered by: Big Block Realty, Inc.