Have a Property to Donate? Consider New Horizon Community Outreach WHY US? We Do The Most Good!!! Your real estate donation goes directly toward positively impacting community and the lives of those in crisis through education, life skills, job training and adequate housing.
Why Donate Real Estate? Properties become abandoned or vacant? The Cost of Renovation and Repair, Economic Busts, Neighborhoods Become Violent, The Death of the Surrounding Neighborhood just to name a few.
Tell us about your property The form we provide will give us what we need to start the donation process, including property address and owner, type of property and square footage.
We will do a standard property review.... including title search, tax and lien search and environmental violations search to determine if we can accept the property.
We will send the closing documents for you to sign. We will handle the deed transfer and recording, and notify all state municipalities concerning the transfer. We will take over all taxes, maintenance and insurance responsibilities, and send you a tax-deductible receipt.
BENNIFITS Property owners have benefited from donating property. The freedom from paying costly maintenance and holdings fees, broker and selling costs makes donating an alternative to selling.
Upon donation, you will receive a tax deduction based on fair market appraised value of the property. New Horizon Community Outreach will handle transfer and closing costs.
TAX DEDUCTION IRS PUBLICATIONS 561, 526 AS WELL AS YOUR TAX CONSULTANT
"FREQUENTLY ASKED QUESTIONS"
How much can I claim? A property owner can claim the fair market value of the donated property. Consult your tax advisor for details. When can I claim my tax deduction? You can claim the deduction in the same year the property is donated.
How do I establish the fair market value of property? The fair market value of property is determined by a qualified third-party appraiser.
Can I donate my house to charity if it needs repairs? Yes, you can!!!!!!!!!!!!!!!!
Interested in more detailed information email us at [email protected] and we will send you detailed info a letter of interest, donation proposal and answer any other questions you may have. We thank You in advance for considering us to donate. "In Helping Others We Help Ourselves"