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Real Estate

How does it work?

Habitat for Humanity Cabarrus County is a 501(c)(3) public charity. When you make a contribution of real estate to Habitat for Humanity Cabarrus County, you won’t have capital gains exposure because you’re gifting—not selling—the property; this means your charitable gift, and your tax deduction as well, may be over 20% higher.

Considerations for donating real estate:

  • The property must be “highly marketable” and ideally will be highly appreciated.
  • While the charity will consider investment property with an income stream, the charity’s due diligence process for investment property is considerably more involved.
  • The property generally must be debt-free.
  • The individual must be willing to irrevocably transfer the property to the charity, which will exclusively control the sale, including negotiating the sale price.
Source: https://www.fidelitycharitable.org/giving-account/what-you-can-donate/donating-real-estate-to-charity.shtml