Asking a price that is at or under fair market value (FMV).
Example: A man applies for SSI-related medical. He owns a home locally and a vacation home on the Oregon coast that he is trying to sell. The vacation home can be considered an unavailable resource as long as the man continues making a reasonable effort to sell the property. The man produces evidence of a reasonable effort to convert the resource to cash (selling it), by producing an agreement to sell with a real estate agent, verification that the home is reasonably priced (the sales agreement with the realty shows the asking sales price and comparable homes/sales prices or tax assessment shows the value) and advertising showing the home for sale.
Example: A woman receives SSI-related medical. She owns free and clear, a 5 acre plot that she has put up for sale at $20,000. She turned down an $18,000 offer as it was not the full asking price. The property is now considered available as she is no longer making a reasonable effort to sell. (A reasonable offer to buy is 2/3rd of the estimated current market value unless the client can provide evidence showing another amount constitutes a reasonable offer. In this case, a reasonable offer is $13,320 or more.)