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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$1,499,000 - 5Br/6Ba -  for Sale in Fallbrook
$1,499,000
MLS# OC20063116

3991 Wendi Court
Fallbrook, CA 92028

Property Type: Detached
Offered by: Dalton Real Estate
$1,498,000 - 4Br/3Ba -  for Sale in Irvine
$1,498,000
New
MLS# PW19157280

9 Starlight
Irvine, CA 92603

Property Type: Detached
Offered by: Coldwell Banker Platinum Prop.
$1,495,000 - 6Br/8Ba -  for Sale in Murrieta
$1,495,000
MLS# IV19249547

21801 Avenida De Arboles
Murrieta, CA 92562

Property Type: Detached
Offered by: COMPASS
$1,350,000 - 5Br/6Ba -  for Sale in Riverside
$1,350,000
MLS# CV20062302

6925 Royal Hunt Ridge Drive
Riverside, CA 92506

Property Type: Detached
Offered by: CENTURY 21 MASTERS
$1,300,000 - 5Br/4Ba -  for Sale in Irvine
$1,300,000
MLS# PW20212600

1 Petria
Irvine, CA 92606

Property Type: Detached
Offered by: Vylla Home, Inc.
$1,197,000 - 3Br/2Ba -  for Sale in Encinitas
$1,197,000
MLS# NDP2000018

1325 Santa Fe Drive
Encinitas, CA 92024

Property Type: Detached
Offered by: Excel Properties
$1,089,000 - 4Br/5Ba -  for Sale in Corona
$1,089,000
MLS# IG20141959

1075 Lowry Ranch Road
Corona, CA 92881

Property Type: Detached
Offered by: REIMCORP, Inc.
$990,000 - 4Br/3Ba -  for Sale in Huntington Beach
$990,000
MLS# OC20198310

18771 Flagstaff Lane
Huntington Beach, CA 92646

Property Type: Detached
Offered by: Vylla Home, Inc.
$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
$900,000 - 4Br/3Ba -  for Sale in Laguna Niguel
$900,000
MLS# OC20204320

83 Fairlane Rd
Laguna Niguel, CA 92677

Property Type: Detached
Offered by: Keep Your Keys, Inc.
$899,000 - 2Br/2Ba -  for Sale in Marina District, San Diego
$899,000
MLS# PTP2000621

200 Harbor Drive 901
San Diego, CA 92101

Property Type: Attached
Offered by: Willis Allen Real Estate
$895,800 - 3Br/2Ba -  for Sale in Ranchita, Ranchita
$895,800
MLS# 200036045

35788 Stevens Way
Ranchita, CA 92066

Property Type: Manufactured Home
Offered by: Coldwell Banker Country Realty