Wondering why you should donate your real estate instead of selling it? Good question.
You may think there is nothing in it for you, but that is not true! Did you know the benefits of donating your property can outweigh the benefits of selling? Here are 4 reasons to donate your real estate…
- Maximize Tax Benefits
Often there are tax advantages to you, the donor, to donate the real estate itself instead of selling the property and donating the proceeds. In that case, you save taxes and the charity actually ends up with more proceeds than if you had sold the real estate and then donated the proceeds. Please note, DonateBeyond is not an accounting firm, and we cannot and will not give tax advice, but we will point you in the right direction and work with your tax advisor to pursue all options in helping you maximize your tax advantages concerning your donation. Please note, the easiest thing for your CPA is to tell you to sell the property and donate the proceeds.
2. Avoid the Process of Finding a Buyer and Navigating a Sale
Finding a buyer for your property and navigating a sale takes a lot of time. When you donate your real estate through DonateBeyond, you don’t have to deal with an allocation of time, because DonateBeyond does the work for you!
3. Save Time and Money on Rehabilitation and Renovation
Most properties given up for donation need some renovation. For this reason, many donors think they need to fix the property up, sell it, and then donate the proceeds, but this isn’t necessary with DonateBeyond! We take your property as an as-is gift for a qualified charity!
4. Impact those in Need
When you donate your un-needed property, DonateBeyond converts it into support for a charitable cause that will leave an impact on the world! DonateBeyond works with charities that help prevent human trafficking, provide clean water, give the illiterate an education, and relieve disaster victims. Your donation truly makes a difference and is a great legacy for you or a loved one.
Want to explore whether donating your property is right for you? CONNECT WITH A REAL ESTATE DONATION ADVISOR TO GET STARTED TODAY…