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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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$795,000 - 4Br/4Ba -  for Sale in Fallbrook, Fallbrook
$795,000
MLS# 190044078

3672 Alta Vista Drive
Fallbrook, CA 92028

Property Type: Detached
Offered by: Coldwell Banker Res Brokerage
$780,000 - 4Br/3Ba -  for Sale in Rancho Del Rey, Chula Vista
$780,000
MLS# 190056755

1047 Ardilla Pl
Chula Vista, CA 91910

Property Type: Detached
Offered by: Platinum California Realty
$720,000 - 3Br/3Ba -  for Sale in Fallbrook, Fallbrook
$720,000
MLS# 190064433

3281 Reche Rd
Fallbrook, CA 92028

Property Type: Detached
Offered by: Big Block Realty, Inc.
$699,990 - 4Br/4Ba -  for Sale in Ramona, Ramona
$699,990
Open House
MLS# 200001700

1116 Glae Jean
Ramona, CA 92065

Property Type: Detached
Offered by: New Homes Now Selling, Inc.
$699,000 - 4Br/4Ba -  for Sale in Soleado, Escondido
$699,000
MLS# 190058494

1553 Fairmount Pl
Escondido, CA 92027

Property Type: Detached
Offered by: Windermere Homes & Estates
$699,000 - 4Br/4Ba -  for Sale in Woods Valley, Valley Center
$699,000
New
MLS# 200003475

14369 Sawgrass Circle
Valley Center, CA 92082

Property Type: Detached
Offered by: Big Block Realty
$675,000 - 4Br/4Ba -  for Sale in Pala Mesa, Fallbrook
$675,000
MLS# 190054016

3849 Pala Mesa Dr
Fallbrook, CA 92028

Property Type: Detached
Offered by: San Diego Real Estate Connecti
$650,000 - 4Br/2Ba -  for Sale in Oceanside, Ocenside
$650,000
MLS# 200000384

5438 Toucanet Court
Ocenside, CA 92057

Property Type: Detached
Offered by: J & M Investment Solutions Inc
$649,000 - 4Br/4Ba -  for Sale in Woods Valley, Valley Center
$649,000
MLS# 200001355

14393 Sawgrass Circle
Valley Center, CA 92082

Property Type: Detached
Offered by: Select Premier Properties
$640,000 - 4Br/3Ba -  for Sale in Otay Ranch Village 1 Neighborh, Chula Vista
$640,000
MLS# 200001868

1398 Weaverville St
Chula Vista, CA 91913

Property Type: Detached
Offered by: eXp Realty of California Inc
$625,000 - 4Br/3Ba -  for Sale in Sunbow, Chula Vista
$625,000
MLS# 190057697

905 Newport Ct
Chula Vista, CA 91911

Property Type: Detached
Offered by: Crown Pacific Properties
$610,000 - 2Br/2Ba -  for Sale in East Village, San Diego
$610,000
MLS# 190025758

325 7th Ave 504
San Diego, CA 92101

Property Type: Attached
Offered by: Esquire Realty