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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$899,500 - 4Br/6Ba -  for Sale in Winchester
$899,500
MLS# SW20035782

34500 Judith Road
Winchester, CA 92596

Property Type: Detached
Offered by: BHHS CA Properties
$899,000 - 4Br/3Ba -  for Sale in Costa Mesa
$899,000
MLS# PW20017668

1675 New Hampshire Drive
Costa Mesa, CA 92626

Property Type: Detached
Offered by: Coast Realty Solutions, Inc.
$895,800 - 3Br/2Ba -  for Sale in Ranchita, Ranchita
$895,800
New
MLS# 200036045

35788 Stevens Way
Ranchita, CA 92066

Property Type: Manufactured Home
Offered by: Coldwell Banker Country Realty
$881,900 - 8Br/7Ba -  for Sale in San Clemente
$881,900
MLS# NP20088099

611 Calle Campana
San Clemente, CA 92673

Property Type: Attached
Offered by: Coldwell Banker Res. Brokerage
$879,900 - 3Br/3Ba -  for Sale in Eastlake Vistas, Chula Vista
$879,900
MLS# 200033159

2830 Paradise Ridge Ct
Chula Vista, CA 91915

Property Type: Detached
Offered by: Berkshire Hathaway HomeService
$868,888 - 3Br/3Ba -  for Sale in Irvine
$868,888
MLS# OC20105615

3 Alderwood 2
Irvine, CA 92604

Property Type: Townhome
Offered by: Dalton Real Estate
$850,000 - 2Br/2Ba -  for Sale in Irvine
$850,000
MLS# OC19179197

5081 Scholarship
Irvine, CA 92612

Property Type: Attached
Offered by: First Team Real Estate
$850,000 - 6Br/5Ba -  for Sale in Norco
$850,000
New
MLS# OC20150569

1456 Shire Place
Norco, CA 92860

Property Type: Detached
Offered by: Luxre Realty, Inc.
$850,000 - 5Br/3Ba -  for Sale in Anaheim
$850,000
New
MLS# SB20148819

910 W Wilhelmina Street
Anaheim, CA 92805

Property Type: Detached
Offered by: The Realestate Group
$819,000 - 6Br/4Ba -  for Sale in Murrieta
$819,000
New
MLS# SW20152323

39551 Calle De Companero
Murrieta, CA 92562

Property Type: Detached
Offered by: eLife Realty
$799,000 - 5Br/3Ba -  for Sale in Lake Forest
$799,000
MLS# PW20141173

25771 Saxon Way
Lake Forest, CA 92630

Property Type: Detached
Offered by: Edgestone Real Estate, Inc.
$780,000 - 4Br/4Ba -  for Sale in San Juan Capistrano
$780,000
MLS# IG20108520

40701 Ortega
San Juan Capistrano, CA 92675

Property Type: Detached
Offered by: Top Producers Realty
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