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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$275,000 - 2Br/2Ba -  for Sale in Lake San Marcos, San Marcos
$275,000
MLS# NDP2002204

1616 Circa Del Lago C203
San Marcos, CA 92078

Property Type: Attached
Offered by: Sharon Jenkins Real Estate
$269,900 - 2Br/2Ba -  for Sale in Casitas Del Amigos, San Marcos
$269,900
New
MLS# NDP2100583

1195 La Moree Rd. 21
San Marcos, CA 92078

Property Type: Manufactured Home
Offered by: Cole Realty & Mortgage
$256,500 - 3Br/2Ba -  for Sale in Perris
$256,500
MLS# PW20068702

20310 Myron
Perris, CA 92570

Property Type: Manufactured Home
Offered by: Realty Masters & Associates
$250,000 - 4Br/3Ba -  for Sale in De Anza, San Jacinto
$250,000
MLS# 200054538

1477 De Anza
San Jacinto, CA 92582

Property Type: Detached
Offered by: Real Estate eBroker, Inc.
$250,000 - 2Br/3Ba -  for Sale in Palm Desert, Palm Desert
$250,000
MLS# PT20219463

42635 Adalin Way
Palm Desert, CA 92211

Property Type: Attached
Offered by: Viki's Realty Service
$249,500 - 0Br/1Ba -  for Sale in Gaslamp District, San Diego
$249,500
MLS# 200045237

207 5th Avenue 934
San Diego, CA 92101

Property Type: Attached
Offered by: Pacific Investment Properties
$240,000 - 3Br/2Ba -  for Sale in Hemet, Hemet
$240,000
MLS# 200000618

41380 Shadow Mountain Way
Hemet, CA 92544

Property Type: Detached
Offered by: Coldwell Banker West
$230,000 - 2Br/2Ba -  for Sale in Anza
$230,000
MLS# PW21007661

59160 Rim Rock Road
Anza, CA 92539

Property Type: Detached
Offered by: eXp Realty of California
$210,000 - 2Br/2Ba -  for Sale in Palm Desert
$210,000
MLS# IV20254998

40591 Pebble Beach Circle
Palm Desert, CA 92211

Property Type: Attached
Offered by: Crest Sotheby's International Realty
$186,000 - 2Br/2Ba -  for Sale in San Jacinto
$186,000
New
MLS# SW21015161

1339 Van Buren Circle
San Jacinto, CA 92583

Property Type: Attached
Offered by: Main Street Realty
$160,000 - 2Br/2Ba -  for Sale in Ivey Ranch Country Club, Thousand Palms
$160,000
MLS# PW20228589

74636 Gaucho Way
Thousand Palms, CA 92276

Property Type: Detached
Offered by: California Housing Store
$155,000 - 2Br/2Ba -  for Sale in North East Vista, Vista
$155,000
New
MLS# NDP2100616

1506 Oak Drive Spc 130
Vista, CA 92084

Property Type: Manufactured Home
Offered by: Coldwell Banker Realty