DONATE REAL ESTATE
FREQUENTLY ASKED QUESTION
GENERAL
How do I donate property?
We have optimized the process of donating real estate to ensure utmost simplicity for our donors. Once you provide your information, a member of our team will reach out to you to gather more details about your property.
LA Car Donations will conduct a comprehensive property review, which encompasses a title search, tax and lien examination, as well as an assessment of any environmental concerns.
Upon approval, LA Car Donations will manage all the necessary paperwork and technical elements of the donation, including deed transfer and closing procedures. Shortly after the completion of the process, you will receive the receipt and IRS form for your tax deduction.
What are the benefits of real estate donation?
Property owners have experienced exceptional tax advantages by choosing to donate to LA Car Donations. By opting for donation, you can immediately eliminate the burden of expensive maintenance and holding fees, as well as broker and selling expenses, making it a valuable alternative to selling.
Upon donating your property, you will receive a tax deduction equivalent to the complete appraised value of your property. Furthermore, LA Car Donations will take care of all the transfer and closing costs associated with the donation process.
How does LA Car Donations determine the approval of a real estate donation?
At LA Car Donations, our team of experts diligently evaluates every real estate offer we receive to ensure that the charity can benefit from the donation. We carefully analyze a range of factors to maximize the potential impact of each property donation.
How long does the donation process take?
Assuming all the necessary paperwork is in order and the title is free from any complications, the standard timeframe for the process is usually 3-6 weeks. However, in situations where time is of the essence, LA Car Donations can expedite the process accordingly.
TAX DEDUCTION
How much can I claim for a tax deduction?
Generally speaking, you can deduct the fair market value of the donated property. For details, consult your tax professional.
When can I claim my tax deduction?
Generally speaking, the year the property is donated is the one in which you can claim a tax deduction.
How do I establish the fair market value of my property?
The fair market value of your property is determined by a qualified third-party appraiser through an appraisal process.
TYPES OF PROPERTIES ACCEPTED
What kind of real estate can I donate?
LA Car Donations gladly accepts a wide range of property donations across the United States, including land, residential homes, vacant lots, commercial buildings, industrial properties, apartment buildings, mobile homes, and condos.
Can I donate my house to charity if it needs repairs?
Certainly! You can absolutely donate your house, even if it's in less than ideal condition.
Can I donate my property to charity if it is encumbered by a lien or has past-due taxes?
Each property requires an individual evaluation. Please complete the donation form, and we will promptly respond to you.
Do you accept environmentally contaminated property?
The resolution of an environmental issue related to a property donated to LA Car Donations depends on a case-by-case basis. Our team will carefully review the property and determine if we can effectively address the environmental concern.
Are there any properties you don't accept?
Regrettably, we are unable to accept timeshares or properties that have negative equity ("under water") at the moment.