How do we acquire 100 homes annually? 

Acts Homes acquires single-family and duplex properties from a variety of sources including private owners, estate disbursements, City foreclosures, Bank foreclosures, real estate agents/MLS, and from landlords. All homes acquired by Acts Homes will be sold to families and individuals with low-to-moderate income (LMI) and who have prepared for homeownership by completing homebuyer education. 

A few of the goals of Acts Homes include: 

1. Expand the inventory of affordable homes available for owner-occupancy
2. Acquire 100 homes per year 
3. On average, sell homes to families with purchase prices in the $125,000-$150,000 range

If you are interested in selling a property to Acts Homes, please call 414-933-2215 or email offers@actshousing.org. 

Home Acquisition Criteria

There are a few straightforward criteria that Acts Homes must adhere to when assessing a property for acquisition: 

• Must be located in Milwaukee County or Rock County
• 1900-year build or newer
• 900 square feet (minimum)
• 2 bedroom, 1 bath (minimum)
• No fieldstone basements
• Must not be located in a floodplain

Purchase Process

The evaluation and purchase process for individual property sales is fairly simple:

1. Submit property to Acts Homes
2. If the property meets criteria, Acts Homes will contact you to schedule a walk-through
3. Acts Homes walks through (in person) to develop a repair estimate
4. Acts Homes reviews pricing factors to decide whether an offer will be made on the property
5. If an offer is made and accepted by the seller, a closing date is scheduled

Pricing and Offers

Acts Homes will provide competitive, cash offers on single-family homes and duplexes that fit the needs of low-to-moderate income (LMI) owner-occupants. Sellers of unoccupied properties can anticipate a 15-day turnaround from accepted offer to purchase to closing, and 30 days for properties with tenants.  

Our pricing model follows similar models used by investors and is based on a calculation including the asking price, market value or after-repair value of the home, and a comparable market analysis. 

Portfolio sales

Acts Homes has the capability and capacity to quickly assess portfolios of properties for sale by landlords and wholesalers. Ideally, we are acquiring portfolios of 3-10 single-family homes and duplexes in one transaction. Properties can have tenants at the time of sale, and Acts Homes will honor existing lease agreements.     

If you are interested in selling a portfolio of properties to Acts Homes, please contact Dorothy York, VP of Real Estate at dorothy@actshousing.org or 414-727-5441. 

Donate a home

Acts Homes can accept property donations based on the property fitting the acquisition criteria and one of the following:

1. Anticipated to generate a profit for Acts
2. Property is located in a target area for an Acts funder
3. Property location helps a neighborhood revitalization effort
4. Property fits the unique needs of an Acts family