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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$699,900 - 3Br/2Ba -  for Sale in Rancho Rincon Del Diablo, Escondido
$699,900
MLS# 200051833

3056 Slivkoff Dr
Escondido, CA 92027

Property Type: Detached
Offered by: Windermere Homes & Estates
$699,900 - 4Br/4Ba -  for Sale in Eastlake, Chula Vista
$699,900
MLS# 200026259

1477 Old Janal Ranch Rd
Chula Vista, CA 91915

Property Type: Detached
Offered by: Coldwell Banker West
$699,900 - 5Br/6Ba -  for Sale in Moreno Valley
$699,900
MLS# IV20242854

21060 Jennings Court
Moreno Valley, CA 92557

Property Type: Detached
Offered by: REALHOME SERVICES & SOLUTIONS
$679,990 - 3Br/2Ba -  for Sale in Anaheim
$679,990
MLS# PW20205357

1441 W Kiama Place
Anaheim, CA 92802

Property Type: Detached
Offered by: Jason Jones, Broker
$676,000 - 4Br/0Ba -  for Sale in Norco
$676,000
MLS# CV20223392

273 Wyatt Place
Norco, CA 92860

Property Type: Detached
Offered by: EXP REALTY OF CALIFORNIA INC
$659,000 - 4Br/4Ba -  for Sale in Lake Mathews
$659,000
MLS# IG20224345

20948 Onaknoll Drive
Lake Mathews, CA 92570

Property Type: Detached
Offered by: Keller Williams Realty
$650,000 - 2Br/1Ba -  for Sale in San Diego
$650,000
MLS# PW20243421

2242 Congress Street
San Diego, CA 92110

Property Type: Detached
Offered by: Harcourts Prime Properties
$647,000 - 4Br/4Ba -  for Sale in Julian Estates, Julian
$647,000
MLS# NDP2003613

W Incense Cedar Road #40
Julian, CA 92036

Property Type: Detached
Offered by: Professional Realty Services
$625,000 - 4Br/2Ba -  for Sale in San Diego, San Diego
$625,000
MLS# 200051274

6203 Lake Alturas Ave
San Diego, CA 92119

Property Type: Detached
Offered by: Bowers Realty And Property
$615,000 - 3Br/3Ba -  for Sale in San Ysidro
$615,000
New
MLS# PTP2100333

3310 Wittman Way
San Ysidro, CA 92173

Property Type: Detached
Offered by: Coldwell Banker West
$585,000 - 5Br/3Ba -  for Sale in Murrieta
$585,000
MLS# BB20255176

36644 Wandering Place
Murrieta, CA 92563

Property Type: Detached
Offered by: Town Center Realty Group
$580,000 - 4Br/3Ba -  for Sale in Rancho Santalina, San Marcos
$580,000
MLS# 200053502

842 Via La Venta
San Marcos, CA 92069

Property Type: Detached
Offered by: Harcourts Pinnacle