As-Is / Distressed · South Bend, IN
We buy houses in any condition across the Michiana area. Fire damage. Frozen-pipe damage from harsh winters. Foundation problems. Code violations. Hoarding. Long-vacant properties. We've seen it. We buy it.
A non-exhaustive list of properties we've closed on in the South Bend / Michiana area:
Our offer is based on the property's after-repair value (ARV) — what it would sell for once renovated — minus our estimated rehab cost and a margin. So a distressed property in South Bend with $70k of needed repairs and a $200k ARV might net you something in the $90k-$110k range as a cash offer.
The condition doesn't change whether we'll buy. The condition does change what we can pay — because we're the ones doing the rehab after closing.
We're transparent about this math. On the call, we'll show our ARV estimate, rehab estimate, and how we got to the offer.
If the issue is cosmetic — outdated kitchen, old carpet, dated bathrooms — you may be better off with a traditional listing, even with the time and commission. Investors compete hard for "needs cosmetic updates" houses and you'll see multiple offers.
If the issue is structural, environmental, or legal — that's our lane. MLS buyers' financing falls apart on those. We don't.