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• Property Liens and Loans—the owner seller is responsible for paying any liens and/or loans on and secured by the property, even if they exceed the proceeds generated from the sale of the property at its deed restricted price. • Condition of the Property—the property must be in good condition with no deferred maintenance at the time of sale. Any deferred maintenance and/or Section 1 items must be addressed by the seller prior to the sale. Carpets and walls must be in good and clean condition, as well as all appliances that the unit was purchase with should be in good working order. The City will require that the seller provide a certified pest report produced by a licensed inspector to the City prior to commencing the sale of the property. BAAHA will inspect the property prior to placing it on the market. Any repairs referenced and required that are not made will be reflected in a reduction of the assigned deed restricted sales price. Property Outreach and Sales Process Listina Agreement—upon receiving and reviewing the resale price analysis,the seller owner will be able to finalize their decision to pursue the sale of their property. If the sale is pursued, a listing agreement will be compiled between the seller and BAAHA affiliate real estate brokerage agency—Home Quest Realty. Property Sales Activity—BAAHA will be responsible for maintaining and conducting all outreach activity on the property. Such activity must be in accordance with current COVID 19 property sale policies/requirements—as mandated by Local Associations and the Department of Real Estate. Outreach activity will be conducted in line with the City's strong preference to secure a homebuyer who either lives and/or works in the jurisdictional boundaries of the City. BAAHA will make certain that all outreach activity falls within affirmative fair housing non- discrimination guidelines. BAAHA will incorporate the following outreach activities: • Managing outreach to disseminate information to prospective lottery participants. Outreach will be conducted through a coordinated effort with the City, and could include: o Pleasanton based public announcements o Direct interaction with Pleasanton employers o Local press releases o Posting on BAAHA's and the City's websites o Targeted mailings-utilizing City mailing lists and/or utilizing City related mailings that reach renters • Advertisement placed in a local regional newspaper. • At least three open houses—including two during the day and one in the evening hours. This requirement, under current COVID 19 conditions, is now replaced with the requirement to have a virtual tour available on the MLS and on the real estate company's website. In addition, BAAHA and City will: • Contact households that have previously contacted the City/BAAHA with an interest regarding purchasing a BMR unit. • Conduct outreach to City staff, City agencies (police, fire, etc.)and local school district employees. Eligibility and Screening Selection Process All households purchasing the property must meet basic program eligibility requirements, including: 711)a gc