Council Member Hudson explains her proposed legislation, Introduction 888, aimed at protecting homeowners from predatory buyers.

• The bill would require purchasers to disclose in writing the estimated market value of a residential property when making an unsolicited offer.
• This requirement applies to properties that:
  • The owner has not listed for sale
  • The owner is not actively selling
  • The owner did not intend to sell
  • The owner was unaware of their ownership
• Benefits of the legislation:
  • Protects homeowners from being taken advantage of by potential buyers
  • Ensures owners have information to sell their home at a fair price
  • Discourages potential buyers from knowingly making low offers
• The council member looks forward to the administration's feedback on this legislation.