what does acr mean?

Asked by Ralph Mays, 48237 Thu Oct 2, 2008

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Elizabeth Ti…, Agent, Detroit, MI
Fri Oct 3, 2008
ACR- is the abbreviation for accepting the condition of the property when sold. In the city of Detroit ACR's are required any time a residential property under 4 units is sold and resold and such much be agreed to prior to closing on such a property otherwise the property will not close. As a buyer you are often asked to "sign off on ACR" which means that you have to get a copy of the inspection report ordered by the Seller(which in cases of buying foreclosures and As Is properties, buyer is usually required to pay for it), take it down to the city county building yourself with proper ID, and there you get a notarized ACR that you must bring with you to closing. Only originals not copies will be acceptable at closing. Now the ACR means you are accepting the property AS IS in the sale and AGREE that if any issues are cited in the inspection you agree to get them resolved. When the ACR is cited in listing descriptions it must be addressed by closing or a deal can and will fall thru. It is important to check the municipalities that require such inspections ahead of time so that issue is not a holding block to the closing.
Web Reference:  http://www.lizindetroit.com
5 votes
smith3gary, Agent, White Lake, MI
Thu Oct 2, 2008

I believe it is short for Affidavit of Compliance and Responsibility. For the City of Detroit, I'm not sure about Oak Park, buyers swear that they will complete any problems noted by the city inspectors within around 6 months. If you will paste a link to the property in an answer to this question members can view and either verify or correct this answer.

I suggest looking on the City website http://www.oakpark-mi.com/ prior to purchasing for their requirements. There are several cities in Michigan that require occupancy permits or inspections to help maintain the condition of homes.
Web Reference:  http://mi-living.com
2 votes
Reginald Per…, Agent, Royal Oak, MI
Mon Oct 13, 2014
In addition to what Gary and Elizabeth mentioned. The repairs have to be completed within 6 months of the Date of the Inspection and not the date you signed the ACR. If any repairs do not pass inspection you will have to order a reinspection and they will charge you a reinspection fee to come out a third time.
0 votes
Rose Mary S…, Agent, Northville, MI
Thu Oct 2, 2008
Sometimes abbreviations are nonsensical and only known to the one who writes it. Look at the complete sentence and you should be able to pull it together. Based on how you presented the question could mean "acre".
0 votes
rose mary you were only being contrary and argumentative. when was the last time [if *ever*!] you saw "acre" or "acres" abbreviated as acr or acrs? what sheer and utter nonsense for you to even suggest this.
don't you think that the person asking the question would have been able to tell if acr mean acre? if, indeed, it *was* intended to indicate such a preposterous idea, the context would have been in the form of a statistic such as "lot size: 1.7 acr," or some similar application.
such a wild contrivance, generated by your over-reactive imagination, would be plainly obvious to anyone seeing the reference.
Flag Tue Oct 7, 2014
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