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.

 

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$370,000 - 4Br/3Ba -  for Sale in Moreno Valley
$370,000
MLS# IV19166025

10562 Summer Breeze Drive
Moreno Valley, CA 92557

Property Type: Detached
Offered by: KELLER WILLIAMS RIVERSIDE CENT
$369,000 - 3Br/2Ba -  for Sale in Jamul, Jamul
$369,000
MLS# 190046758

3366 Beaver Hollow Road
Jamul, CA 91935

Property Type: Detached
Offered by: Keller Williams Realty
$365,000 - 3Br/2Ba -  for Sale in Menifee
$365,000
MLS# EV19238766

25499 Rocking Horse Court
Menifee, CA 92584

Property Type: Detached
Offered by: REALTY WORLD PREMIER
$365,000 - 3Br/3Ba -  for Sale in Oceanside
$365,000
MLS# OC20041929

4450 Brisbane Way 4
Oceanside, CA 92058

Property Type: Attached
Offered by: California Short Sale Solution
$360,000 - 2Br/2Ba -  for Sale in Temecula
$360,000
MLS# PW20073865

30815 Loma Linda Road
Temecula, CA 92592

Property Type: Detached
Offered by: New Century Realtors
$359,000 - 3Br/3Ba -  for Sale in Murrieta, Murrieta
$359,000
MLS# 200002849

39819 Chambray Dr
Murrieta, CA 92563

Property Type: Detached
Offered by: Aspire Pacific Realty
$350,550 - 4Br/2Ba -  for Sale in Riverside
$350,550
MLS# IV20036399

6643 Wintertree Drive
Riverside, CA 92506

Property Type: Attached
Offered by: MOVE HOME REALTY
$350,000 - 3Br/2Ba -  for Sale in San Altos, Lemon Grove
$350,000
MLS# 190062957

1488 El Prado Avenue
Lemon Grove, CA 91945

Property Type: Detached
Offered by: Dominion Realty & Mtg.
$350,000 - 4Br/2Ba -  for Sale in Campo Hills, Campo
$350,000
MLS# 200005678

32108 Evening Primrose Trail
Campo, CA 91906

Property Type: Detached
Offered by: Keller Williams Realty
$350,000 - 4Br/2Ba -  for Sale in Moreno Valley
$350,000
MLS# CV19235536

15660 Lucia Lane
Moreno Valley, CA 92551

Property Type: Detached
Offered by: COLDWELL BANKER LEADERS
$350,000 - 2Br/2Ba -  for Sale in Garden Grove
$350,000
MLS# TR20079586

11892 Brookhaven Street 5
Garden Grove, CA 92840

Property Type: Attached
Offered by: Century 21 Excellence
$350,000 - 3Br/2Ba -  for Sale in Murrieta
$350,000
MLS# SW20100992

39580 Currant Court
Murrieta, CA 92563

Property Type: Detached
Offered by: Mason Real Estate
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