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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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$599,900 - 4Br/4Ba -  for Sale in Otay Ranch, Chula Vista
$599,900
MLS# 190039223

1515 Magdalena Ave
Chula Vista, CA 91913

Property Type: Detached
Offered by: Harvest Homes
$599,000 - 4Br/4Ba -  for Sale in Granite Hills, El Cajon
$599,000
MLS# 190064380

1697 E Lexington Ave.
El Cajon, CA 92019

Property Type: Detached
Offered by: Big Block Realty, Inc.
$584,900 - 2Br/2Ba -  for Sale in City Heights, San Diego
$584,900
MLS# 190060130

3887 Redwood Street
San Diego, CA 92105

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$582,400 - 2Br/2Ba -  for Sale in New Roseville, San Diego
$582,400
MLS# 190017436

1008 Scott St
San Diego, CA 92106

Property Type: Attached
Offered by: Red Circle Realty
$575,000 - 3Br/3Ba -  for Sale in The Summit At Eastlake, Chula Vista
$575,000
New
MLS# 200003821

1554 Circulo Brindisi
Chula Vista, CA 91915

Property Type: Detached
Offered by: HomeBased Realty
$565,000 - 2Br/2Ba -  for Sale in East Village, San Diego
$565,000
MLS# 190025569

350 11th Ave 624
San Diego, CA 92101

Property Type: Attached
Offered by: Compass
$560,000 - 4Br/3Ba -  for Sale in South Encanto, San Diego
$560,000
MLS# 190065135

838 Oakhurst
San Diego, CA 92114

Property Type: Detached
Offered by: Aflah Realty
$559,999 - 4Br/2Ba -  for Sale in Old Mission Village, Oceanside
$559,999
MLS# 190063587

4030 Via Aldea
Oceanside, CA 92057

Property Type: Detached
Offered by: Reef Point Realty, Inc
$550,000 - 4Br/3Ba -  for Sale in Rancho Del Oro, Oceanside
$550,000
MLS# 190061960

1584 Via Botero
Oceanside, CA 92056

Property Type: Detached
Offered by: ERA Ranch & Sea Realty
$540,800 - 4Br/3Ba -  for Sale in Mission Wells, Oceanside
$540,800
New
MLS# 200003039

234 Franciscan Way
Oceanside, CA 92057

Property Type: Detached
Offered by: Excel Properties
$539,900 - 4Br/3Ba -  for Sale in Rancho Del Oro, Oceanside
$539,900
MLS# 190063758

1720 Avenida Segovia
Oceanside, CA 92056

Property Type: Detached
Offered by: Venture Pacific Properties
$525,000 - 3Br/3Ba -  for Sale in Beazer, Oceanside
$525,000
MLS# 190055120

4124 Via Del Rey
Oceanside, CA 92057

Property Type: Detached
Offered by: Best Solutions Realty