3 Myths About Donating Real Estate

Maybe you haven’t thought about donating your real estate all that much, but when you do are you thinking of any of the common misconceptions surrounding the topic of real estate donation? Here are 3 common misconceptions or myths about donating real estate that we want to break down for you. Check it out…

  1. Your property needs to be in perfect condition.

While there is specific criteria that is considered when accepting a property donation, your property doesn’t have to be perfect or have all the needed renovations done to be donated. Our team of real estate donation experts will take your property donation as-is. You don’t need to waste your time and money making the property perfect to donate it through DonateBeyond.

2.  There are no financial benefits to real estate donation.

Surprisingly, there are financial benefits to donating your real estate. Donating your property directly allows you to potentially take full advantage of tax benefits. Donating your real estate can lower your tax bill overall. Remember, signing a contract to sell negates potential tax savings by IRS rules.

3. I need to sell my property first, then donate the proceeds.

With DonateBeyond, you don’t have to go through the process of finding a buyer, navigating a sale, and donating the financial proceeds. You can donate your property directly through DonateBeyond. We will deal with the process of selling the property for you and work to maximize your total return.

Want to explore whether donating your property is right for you? CONNECT WITH A REAL ESTATE DONATION ADVISOR TO GET STARTED TODAY…

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