5154-7        PROPERTY FOR SALE

Real property that the household is making a good faith effort to sell at a reasonable price is exempt.

• A good faith effort means that the property is continuously and actively offered for sale at a reasonable price.
   

• Reasonable price means it is priced equivalent to the prices of similar pieces of property in the area, and the offer to sell invites additional reasonable offers.
   

• Actively offered for sale means that the property is listed with realtors or real estate agents, or is offered privately by at least monthly-classified newspaper ads and visible on-site for sale signs.

Verification of reasonable price and actively offered for sale is required.