Notre Dame homebuyer faq

WHERE CAN WE BUY?

Most Condos and Homes near campus are available to purchase by anyone, even as a second home or investment.   There are, however, some areas ONLY available to full-time residents of South Bend.  Homes in The Triangle and some properties just South of campus are residency-restricted.  Need to know more?  Simply click below to request a one-on-one phone call to discuss which areas will meet your ND Housing needs.

CAN I RENT MY PROPERTY?

If you buy a home near campus that is NOT part of an HOA, you should be fine to rent it for weekend games or ND events. Buying a condo, villa, or townhome will likely restrict your ability to rent. Irish Crossings, Dublin Village, Irish Quarter, and Ivy Court are examples of locations that do NOT restrict short-term renting.  Need to know more?  Simply click below to request a one-on-one phone call to discuss which areas will meet your ND Housing needs.  

WHAT CAN BE RESTRICTED?

Renting: length of term is most often restriced

Pets: ranges from no pets to size restrictions

Students: some locations restrict renting to undergraduates

Parking: often restricted by parking passes or key fobs

 

This is where it gets tricky for most buyers, know what you can or cannot do with your condo should be known prior to submitting an offer!  Need to know more?  Simply click below to request a one-on-one phone call to discuss which areas will meet your ND Housing needs.

DOES PAYING CASH GET ME A BETTER DEAL?

Typically the answer is "No" simply because the seller gets paid the same at closing either way.   Where Cash will help you is if there are multiple offers.   A seller will often take a cash sale over a mortgage contingent sale (if they're equal) just to remove the slight chance of a fall-through due to financing.  If you're using a mortgage to finance your purchase, consider a home or townhome.   Condos are typically harder to get financed because of the restrictions placed on the Mortgage Lender.  Need to know more?  Simply click below to request a one-on-one phone call to discuss which areas will meet your ND Housing needs.