QMC

Attempts to Sell Non Exempt Real Property

Non-exempt real property owned by a participant, or his/her spouse, may to be excluded as an available resource. To exclude the property, the applicant must show a good faith effort to sell  the property at fair market value (FMV) during the months that they are requesting MO HealthNet coverage.

In order to show a Good Faith Effort to Sell, an applicant or participant must:

  1. complete and sign a Good Faith Effort to Sell Declaration ; AND
  2. provide verification of either of the following:
    A. listing the property with a real estate agent and cooperating with the real estate agent in marketing the property (i.e., showing the property, setting a price at FMV, etc.); OR
    B. selling as “For Sale by Owner” by:
       i. setting a sale price for FMV
       ii. placing “For Sale” signs at the property
       iii. publicly advertising the property for sale such as online real estate listing sites, advertising in newspapers, or using other available “For Sale By Owner” resources; AND
       iv. accept all reasonable purchase offers (i.e., meeting FMV).

Missouri Department of Social Services Income Maintenance Manual.

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