This April 1984 working draft outlines the Port of Seattle's suggested process for helping eligible homeowners near Sea-Tac International Airport sell their properties under the Neighborhood Reinforcement Program's Purchase Assurance Noise Remedy Option. Homeowners first list their homes on the market for a minimum of 90 days, and if unsold, may apply to the Port for transaction assistance, which can include a property appraisal, noise audit, mortgage subsidies, and partial real estate fee coverage. Depending on how the appraisal compares to the final listed price, the Port may acquire an avigation easement, assist with the sale, or ultimately purchase the property itself and market it for resale.Open full document
Notes
A working draft flow diagram from April 1984 outlining the suggested transaction assistance process for the Sea-Tac International Airport Noise Remedy Update. The diagram details the steps eligible homeowners must follow to participate in the Purchase Assurance Noise Remedy Option under the Neighborhood Reinforcement Program, including listing requirements, port approvals, property appraisals, and noise audits. It maps multiple pathways depending on appraisal outcomes relative to listed prices, including options for port acquisition of easements and property resale.