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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$889,000 - 4Br/3Ba -  for Sale in Costa Mesa
$889,000
MLS# PW20017668

1675 New Hampshire Drive
Costa Mesa, CA 92626

Property Type: Detached
Offered by: Coast Realty Solutions, Inc.
$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 Realty
$850,000 - 6Br/5Ba -  for Sale in Norco
$850,000
MLS# OC20150569

1456 Shire Place
Norco, CA 92860

Property Type: Detached
Offered by: Luxre Realty, Inc.
$850,000 - 4Br/3Ba -  for Sale in Potrero
$850,000
New
MLS# PTP2000411

27435 Hwy 94
Potrero, CA 91963

Property Type: Detached
Offered by: Team One Realty
$825,000 - 4Br/2Ba -  for Sale in Del Cerro Terrace, San Diego
$825,000
MLS# 200040283

6857 Ridge Manor Ave
San Diego, CA 92120

Property Type: Detached
Offered by: Angelina Sciarrino, Broker
$800,000 - 5Br/6Ba -  for Sale in Riverside
$800,000
MLS# EV20025392

17707 Morocco Court
Riverside, CA 92504

Property Type: Detached
Offered by: California Curb Appeal Real Property Specialists
$799,888 - 3Br/3Ba -  for Sale in Del Sur And Black Mountain Ranch, San Diego
$799,888
New
MLS# 200049774

8305 Katherine Claire Lane
San Diego, CA 92127

Property Type: Detached
Offered by: Keller Williams Carmel Valley
$790,000 - 4Br/3Ba -  for Sale in Anaheim
$790,000
New
MLS# PW20224888

2904 E South Street
Anaheim, CA 92806

Property Type: Detached
Offered by: Harcourts Prime Properties
$789,000 - 4Br/2Ba -  for Sale in Allied Gardens, San Diego
$789,000
New
MLS# PTP2001124

7249 Horner Street
San Diego, CA 92120

Property Type: Detached
Offered by: Compass
$775,000 - 3Br/3Ba -  for Sale in Oceanside
$775,000
New
MLS# NDP2001960

3111 Coachman Ct.
Oceanside, CA 92056

Property Type: Detached
Offered by: Compass
$750,000 - 6Br/4Ba -  for Sale in Hidden Meadows, Vista
$750,000
MLS# 200028401

2844 Asterwood Ln
Vista, CA 92081

Property Type: Detached
Offered by: Big Block Realty, Inc
$750,000 - 3Br/3Ba -  for Sale in Laguna Hills
$750,000
New
MLS# OC20208789

13 Heather Hill Lane
Laguna Hills, CA 92653

Property Type: Attached
Offered by: eXp Realty of California Inc