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Verifying Efforts to Sell Resources - Conditional Benefits - Iowa

If you are the recipient of Conditional Benefits, you must list the property for sale with an agent or begin other sale attempts within 30 days after signing the agreement to sell. When the property is listed with an agent, there cannot be a lapse of more than a week in the listing. The sale price listed must be a reasonable amount as determined by the real estate agent.

If are trying to sell the property without an agent, you must make every reasonable effort to sell the property. Reasonable efforts include advertising through the media, "for sale" signs, flyers, and notices on community bulletin boards. There cannot be a lapse of sale efforts of more than one week when this form of selling is used.

No reasonable offer may be refused. A reasonable offer is one that is at least two-thirds of the estimated current market value, unless the owner proves otherwise.

See:

·           Good Cause for Failure to Sell Property

See Also:

·           Conditional Benefits for SSI and State Supplementary Assistance

·           Eligibility Requirements for State Supplementary Assistance

·           Overview of State Supplementary Assistance

·           Overview of Benefits in Iowa

Source: DHS Employees’ Policy Manual

Title 6, Other Income Maintenance (IM) Programs

·     Chapter B, State Supplemental Assistance, Resources, Conditional Benefits, Verifying Efforts to Sell the Property, pages 12-13

Regulation citations: 20 CFR 416.1245

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