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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$1,200,000 - 5Br/4Ba -  for Sale in Mission Viejo
$1,200,000
MLS# LG20092700

22881 Driftstone
Mission Viejo, CA 92692

Property Type: Detached
Offered by: Coldwell Banker Realty
$1,199,900 - 4Br/5Ba -  for Sale in Corona
$1,199,900
MLS# IG20141959

1075 Lowry Ranch Road
Corona, CA 92881

Property Type: Detached
Offered by: REIMCORP, Inc.
$1,160,000 - 5Br/4Ba -  for Sale in Laguna Niguel
$1,160,000
MLS# OC20039245

27462 Grassland Drive
Laguna Niguel, CA 92677

Property Type: Detached
Offered by: Lawyers Realty Group
$1,125,000 - 4Br/3Ba -  for Sale in Santa Ana
$1,125,000
MLS# OC20110857

1861 Rainbow Drive
Santa Ana, CA 92705

Property Type: Detached
Offered by: Allison James Estates & Homes
$1,030,000 - 4Br/3Ba -  for Sale in Poway
$1,030,000
MLS# PW20129354

13747 Vista Poniente Drive
Poway, CA 92064

Property Type: Detached
Offered by: Cambridge Realty
$1,025,000 - 4Br/3Ba -  for Sale in Fullerton
$1,025,000
MLS# PW20101292

1739 Peacock Lane
Fullerton, CA 92833

Property Type: Detached
Offered by: Coast Realty Solutions, Inc.
$999,000 - 5Br/3Ba -  for Sale in Laguna Niguel
$999,000
MLS# LG20049558

27941 Rural Lane
Laguna Niguel, CA 92677

Property Type: Detached
Offered by: Coldwell Banker Realty
$998,000 - 4Br/3Ba -  for Sale in Fullerton
$998,000
MLS# PW20110309

2538 Trenton Court
Fullerton, CA 92835

Property Type: Detached
Offered by: Compass Newport Beach
$979,900 - 3Br/4Ba -  for Sale in Mission Viejo
$979,900
MLS# MC20068063

27041 S Ridge Drive
Mission Viejo, CA 92692

Property Type: Detached
Offered by: A2Z Homes, Inc.
$969,000 - 5Br/4Ba -  for Sale in Los Alamitos
$969,000
New
MLS# PW20150530

12012 Paseo Bonita
Los Alamitos, CA 90720

Property Type: Detached
Offered by: Coldwell Banker Coastal Alliance
$950,000 - 5Br/4Ba -  for Sale in Fountain Valley
$950,000
MLS# OC19000084

8501 Cape Cod Avenue
Fountain Valley, CA 92708

Property Type: Detached
Offered by: Kenneth Jacobsen, Broker
$949,900 - 5Br/3Ba -  for Sale in Anaheim Hills
$949,900
MLS# PW20079870

7055 E Country Club Lane
Anaheim Hills, CA 92807

Property Type: Detached
Offered by: RVP Realty Inc.
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