What must a guaranteed sales plan disclose regarding the owner's property?

A guaranteed sales plan is designed to provide assurance to homeowners regarding the sale of their property and typically includes disclosures that help manage expectations and ensure transparency. One crucial aspect that must be disclosed is whether the property meets specific qualifications outlined in the plan. This may involve certain criteria such as condition, location, or other factors that could affect the sale.

By providing this information, the seller is aware of any requirements their property must satisfy to be eligible for the guaranteed sales process. This helps prevent misunderstandings and ensures that both the property owner and the buyer are aligned on what can be expected throughout the sale process.

In contrast, while elements like current market trends, last sold price, and potential renovations can be informative and relevant to a home sale, they do not typically fall under the essential disclosures required in a guaranteed sales plan. Thus, the focus on whether the property meets qualifications is fundamental in defining its eligibility for such a plan.