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San Diego downtown real estate broker

Bob Schwartz, CRS, GRI 

Certified Residential Specialist

 


 

San Diego, California 92101

Telephone - Cell:
(619) 300-8819

Facsimile:
(619) 229-0048
E-mail:

 brokerforyou@gmail.com

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Distressed Property: Is it a Positive Investment?


There are a lot of investments that are made in real estate, nearly all which are expected to allow the price of the property to go up. However, sometimes the value of a property starts down. If you have run into a property that is like this, you will want to decide if it is worth investing in. Distressed property is one of the questions that several ask when investing into real estate.

If a property is distressed, it means that it has not had the carefulness needed by the previous owners. Most likely, the home is part of a foreclosure, abandoned home, or other issue and may have not been lived in for a specified amount of time. Any distressed property will need a lot of attention given to it if you decide to invest in the property.

Before examining this type of property, you will want to make certain that it will be worth your investment. While a distressed property will usually go down thousands of dollars because of the quality, it may not be cheaper. It will be expected that you put a specific amount of work and money into the home in order to repair it and get it back up to being part of the market.

If you are able to get an extra loan, have more money, and want to a home, then a distressed property is right for you. However, if you don't want to put in the extra effort, then finding this type of property may loose you money and comfort in your own home. You will also need to decide whether you will be able to profit off of the investment in the long run according to the neighborhood, market, and your intentions for using the property.

While a distressed property can be favorable, it will need to fit your goals and your lifestyle in order to be a successful investment. As long as you have assessed your financial stability and goals and are able to put in the extra money, time and work, you can take a distressed property and turn it into what you want. This will give the property the dream of moving from rags to riches.



ABOUT THE AUTHOR

 

Bob Schwartz, is a Certified Residential Specialist, CA licensed real estate broker with www.Brokerforyou.com. Bob has over 27 years of residential real estate experience, authored a number of published articles and served as an expert witness for San Diego lawyers. You can contact Bob via e-mail at bob@brokerforyou.com or visit his highly popular San Diego real estate website at: http://www.brokerforyou.com
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