Real Estate Donation FAQ's - Easily Donate Real Estate to Charity

A real estate donation to Real Estate with Causes can help you rid yourself of nonproducing properties and also avoid capital gains tax on highly appreciated property.

A real estate donation significantly reduces your legal and tax liabilities on the properties you donate and more efficiently attain personal financial goals while also supporting Real Estate with Causes and our many charitable endeavors.

What Size Tax Deduction are We Talking About Here?

The size of the tax deduction is determined by the current market value of the property, as opposed to the cost of the property when it was purchased. So if you purchased your property in 1968 for $92,000 and today in 2009 it is worth $812,000, the current value is what you base your tax deduction on and in this case it will be quite substantial. Real Estate Tax Deduction  

How complicated and how long will the charitable donation process take??

The real estate donation process varies from property to property. There are many factors that can affect this process. Among these are a number of encumbrances ranging from civil liens to unpaid property taxes. Every effort is made to ensure that this is as simple and timely as possible from beginning to the final transfer of property title.

Do I need to be present at the time of the closing??

No, at the time of the closing, all necessary paperwork has already been completed. The actual closing itself will simply be a paper transaction that occurs once all legal requirements for the transfer of you charitable donation have been completed. If in fact there are any additional issues that arise, usually in regards to the title search, all parties involved shall be properly notified. Usually if this happens, it is just a simple matter of signing additional documents and the issues can be resolved before the actual closing.

What if I am missing important documentation??

Because closing the transaction usually takes place through a title company or another agent for the Donor such as an attorney, a title search will be performed so that all the necessary paperwork will be procured in order to proceed with the acquisition of the donation to Real Estate with Causes.

What Costs can I expect to incur during the donation process and who Pays?

All expenses incurred during the process are generally accepted as the responsibility of Real estate with Causes. There are exceptions to this and under certain circumstances, an agreement is made to share the expense of the acquisition of your charitable donation. (I.E., Title insurance, property insurance, environmental testing, probate or other issues and costs) Commonly, the donor is responsible for all of the regular costs associated with the property until the acquisition of the property by Real Estate with Causes. This may include, but not be limited to all taxes, bills, and mortgage. There are of course exceptions to this.
Every donation is considered on a case-by-case basis.

How will I know if Real Estate with Causes is willing to accept my property donation and at what point will my responsibility to the Real Property end?

Upon the receipt of all documents and information, Real Estate with Causes will be able to determine if property can be received as a charitable donation. The donor's responsibility stops at the end of the acquisition process by Real Estate with Causes.

What Do you do with the Proceeds you get from my Real Estate Donation?

Our organizations members are drawn from every ethnic and cultural background, age group, and economic level.. We can proudly say that all proceeds go directly towards supporting the programs and individuals that honestly have no where else to turn.. We have hundreds of requests for help every week, each situation unique in its own right. Without generous donors such as yourself, we would never be able to help fulfill the needs of those seeking our helping hand. Your Donations Help Us Fill In The Gaps!

QUESTIONS?  888 - 228 - 7320