A.C.O.R.N. » Ways To Purchase

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Ways to Purchase

Purchase through a community development corporation (CDC), which assists low and moderate income buyers

CDCs work in a number of Richmond neighborhoods where they purchase, renovate and sell selected houses to qualified buyers. A.C.O.R.N. collects information from all CDCs operating in Richmond and can put you in touch with those working in the neighborhoods where you would like to acquire a commercial or residential building. Click here for a list of non profit organizations that buy and sell property.

Learn about Special Homebuyer Programs for Teachers and Police Officers

The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger and to build a safer nation. Public safety improves when police officers live in a neighborhood. The Officer Next Door (OND) and Teacher Next Door (TND) programs help make this goal a reality by making homeownership faster and more affordable for Law Enforcement Officers and Teachers. OND program, TND program

Purchase through a tax sale

When real estate taxes on vacant properties go unpaid for longer than 18 months, the City of Richmond can file a law suit against the owners, lien-holders, and creditors to allow that property to be sold at auction. The process for judicial sale of tax delinquent property takes about 36 months. A.C.O.R.N. can check the tax delinquency status of a property for you and work with the city to promote a tax sale of delinquent property for which there is buyer interest. MOTley’s Auction house conducts tax auctions for the City of Richmond. To learn more about upcoming auctions, check out their website at www.motleysgroup.com.

Purchase through an A.C.O.R.N. option

A.C.O.R.N. is currently purchasing and selling options on vacant or abandoned buildings in Richmond’s old neighborhoods. An “Option To Buy” gives A.C.O.R.N. an exclusive right to find a purchaser for the property during a specific time frame at an established price. This means that A.C.O.R.N. would use the agreed upon period of time to find a purchaser committed to renovating and living in the property. A.C.O.R.N. does not profit from the sale of an option, by keeping prices as low as possible we hope to move more properties back to productive use. Click here for a list of current option properties and a description of the process. If you have a vacant property that you wish to sell please contact us.