Donating residential real estate to charity

A Real Estate Donation (vacant land, house, industrial, residential, land contracts, commercial property or timeshare) provides donors the means to enjoy what may be a substantial tax deduction all at the cost of helping others. If your real property asset has grown in value or unfortunately turned into an unneeded property in your portfolio, a real estate donation may be the best course of action. A charitable real estate donation stands as a sensible move for individuals and corporate donors alike. The equity from your real estate donation helps Rasic Family Housing Foundation continue its ministry and support many worthy families that are in need of our help. We are here to provide you with the know-how that is necessary in conducting a real estate donation. This process will optimize any benefits for both the donor and the people whose lives will be drastically helped.

When it comes to donating or giving back to charity, one might not consider donating real estate. Though it is not expected for every American to have an extensive real estate portfolio, those who do can significantly benefit from the financial gains, all while lending a huge helping hand to their community. Just one of the many advantages for real estate donations at this time is that the tax deduction assessment is based on the current market value appraisal rather than the original cost of the property. In addition, donors can avoid paying brokers fees by donating instead of selling property.
If you are considering a real estate donation, keep in mind the various hassles of keeping unwanted property such as property taxes, maintenance costs, income taxes, sold property, cost of legal fees, brokerage fees, estate taxes, inheritance taxes and capital gains taxes. The stress and hassle of owning unwanted or unused land can easily end when you contribute to charity and donate your real estate. Donating also saves heirs time and effort upon allocating the profits, should the will turn out potentially contentious or inequitable.
Our friendly team will happily assist with any questions; just contact us by clicking our donate page or fill out our easy online form on our contact page. Upon contacting you, the donor, our charity will schedule an appointment to assess the property donation.
Make a Difference today and contribute to Rasic Family Housing Foundation.