Frequently Asked Questions

Real Estate Give is an online platform dedicated to facilitating real estate donations for charity. We sell donated properties to fund IRS-certified 501(c)(3) nonprofits in partnership with us, supporting their missions.

To learn more, visit our About page here.

Your donation will entitle you to receive a significant tax deduction based on your property’s current appraised value – not to mention you will pay no capital gains tax.

We also cover all transfer and closing costs. Additionally, you will no longer have to bear the expenses related to property maintenance, holdings, repairs, and operating costs.

Lastly, your donation directly supports our troops and the fight against cancer. To learn more, click here.

Yes. Proceeds from the sale of your donated real estate go to our IRS-certified 501(c)(3) nonprofit partner organizations. To learn more about the nonprofits we support, check out their pages here.

You choose which nonprofit you want to support with your donation. Alternatively, you can entrust us to select the beneficiaries of your gift.

A qualified independent appraiser typically determines the value of the donated property through a fair market assessment.

Donors do not pay any commissions or closing costs.

If the property is currently listed with a broker, we will pay the commission owed based on either the list price or the tax assessor value if there is no list price. Donors are generally not asked to pay anything out of pocket.

Prepaid property taxes and assessments will be remitted back to the donor at closing.

We have designed a simple and convenient real estate donation process. Once you contact us, we will thoroughly review the property you are offering to donate – from its title to zoning, liens, condition, and any possible environmental concerns. In addition, we’ll look at the local real estate market, comparable properties in the area, and the cost of any repairs, if needed.

Once we decide to accept your donation, we will take care of the appraisal and all the paperwork, including deed transfer and closing. We will send you the receipt and the proper IRS forms for tax deduction purposes.

The average time varies based on property type and location. However, it typically takes 30-180 days from first contact to final transfer.

Property appraisal, title search, and legal document preparation may influence the duration. It may take even longer if there are additional complexities, such as tenants in the property, property liens, or ongoing litigation.

We always aim to process real estate donations efficiently and promptly. However, if you have specific timelines, please don’t hesitate to contact our team to discuss options.

Yes, to determine the property’s value for tax and transfer purposes, a proper appraisal is required. We will work with you and the contracted appraisal firm to conduct the appraisal as quickly as possible.

Once the deed has been transferred, the donation may no longer be reversed. Up until that time, however, cancellation may occur.

Absolutely! Once we receive your initial donation information, we will assign a dedicated real estate specialist to assist you throughout the donation process. The specialist will address any unique property-related inquiries you might have while keeping you informed about the progress. We will be there for you every step of the way.

Four main real estate types are qualified for our donation program: residential, commercial, industrial, and land. This includes, but is not limited to:

• RV Lots and Marina Slips
• Single-Family Homes and Condos
• Office Buildings and Retail Centers
• Agricultural Farmland and Vacant Land
• Warehouses and Manufacturing Facilities

We have a flexible and inclusive approach to property donations, allowing us to accept a wide variety of properties. Feel free to contact us at (866) 912-0707, and one of our real estate donation experts will assess whether your property qualifies for donation.

While we sincerely appreciate our donors’ generosity, we cannot accept donations of grave plots due to the complex legal and regulatory issues surrounding burial rights and cemetery land.

Additionally, we cannot process timeshare donations due to the complexities associated with their ownership and the potential for ongoing financial obligations.

In short, no. There is no minimum threshold value. Each potential real estate donation is reviewed independently and on a case-by-case basis.

Yes, properties with a mortgage balance are accepted.

As long as there is enough equity, we should be able to accept the property, as proceeds from the sale will be used to pay off the mortgage balance. Our real estate specialists will be able to assess whether the property’s value exceeds the mortgage balance. If there isn’t enough equity, we may, unfortunately, be unable to accept the donation.

Yes, in many cases, properties with liens or past-due taxes can be accepted. Our real estate specialists will carefully evaluate your property and determine whether or not we can accept it.

Yes, in most cases properties needing repairs can be accepted. Our real estate specialists will carefully evaluate your property and determine whether or not we can accept it.

We can process properties with environmental issues; however, only high-value assets would be considered due to risk and complexity. We have investors specializing in environmental cleanup, and they often issue indemnities to sellers via complex insurance placements.

The tax deduction amount that real estate donors can claim is based on the property’s full appraised value, not the sale price.

We recommend you consult with your tax advisor to understand the specific benefits of your tax situation.

The tax deduction is for the year when your donated property is sold. In some cases, you can claim the deduction for up to five years, depending on your tax situation.

Please consult your tax advisor, as individual situations vary.

After your donated property sells, we’ll provide you with all the necessary documents detailing its value, which you can use for your tax filings.

Please consult your tax advisor for professional advice and additional information.

No, you will not have to pay capital gains tax.

Donating your real estate allows you to avoid paying capital gains tax. Donating your property – instead of selling it – automatically waives the capital gain tax, thus saving you money.

We recommend you consult with your tax advisor to understand the specific benefits of your tax situation.

Donations can reduce your taxable estate, which means you may owe less in estate taxes.

You may also qualify for an income tax deduction when you donate, lowering your income tax bill and leaving more for your heirs.

Please consult your tax advisors and estate planning lawyers, as individual situations vary.

After donating your property, documentation confirming the property transfer will be delivered to you. We will also send you a donation receipt for tax purposes. Additionally, we provide IRS Forms needed to receive a tax deduction.

Typical documentation includes the title deed and any applicable mortgage and lien details.

In addition, we must have written consent from any and all property owners. We’ll do a title check to confirm all related ownership information.

We recommend that you contact the county recorder and request a copy. If you need help, please don’t hesitate to reach out to us.

Definitely. Please keep copies of the deed transfer, the official donation receipt, and any appraisal or tax-related documents. In addition, you’ll receive further documentation during the closing.

Please consult your financial advisor, tax advisor, and/or real estate attorney for professional advice on what to keep and for how long.

You don’t have to, but doing so can give us a clearer picture of the property’s condition and value.

Yes, transferring property ownership will require signing a deed managed by a title company or attorney.