753-7 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 or online electronic ads and a visible “for sale” sign must be posted on the property.
Verification of "reasonable price" and "actively-offered for sale" is required.
Note:
Examples of acceptable forms of listings
are websites, newspaper ads, bulletin board postings, realtor listings,
etc. With technology changing at a rapid pace, and will be constantly
throughout the years, internet sites such as Craigslist, Sell.com, and
other ad listing websites are acceptable forms of good faith efforts to
sell. The caseworker will need to use PPJ in researching ads on internet
sites and checking for how actively the client is pursuing the sale of
the property at application and recertification. It is also recommended
that a hard copy of the ad be printed out and kept in the case file.
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