Gifting Real Estate to Charity for Tax Write-off in 2010

Jan. 4, 2010 - PRLog -- Detroit, MI – Gifting real estate to charity is not a simple process; however, a local company, Donating Real Estate, uses a program designed to simplify the process of transforming real estate gifts into valuable assets for charity.  Gifting real estate is an option for people who are unable to sell an unwanted property for profit.  It is a great opportunity to help a charity, get rid of a burden, and claim a tax write-off.

Typically, the process of gifting real estate begins when an individual contacts the company about donating an unwanted property.  An agent schedules an appointment to inspect the property.  If they decide to move forward with the donation process they send the owner a donation package consisting of a quit claim deed, warranty deed, donation agreement and declaration of the deed and gift.

Once the documents are completed and received by the company, the agent will schedule a full inspection where they will do a thorough evaluation of the property and everything associated including books and records and the title commitment.

The next step in the process of gifting real estate is to make recommendation to the charity regarding the donation.  At this point, the property will be insured for fire and liability to protect the interest of the charity.  Find out more about gifting real estate to charity at http://www.gifting-real-estate.com/

Gifting real estate is a process that must be handled properly to protect and benefit all parties involved.  Donating Real Estate will assist in finalizing the transaction in a timely and efficient manner, making the experience rewarding for the generous individual or corporate donors.  Learn more at http://www.donaterealestate.com

Contact:

Michael Schoen
20700 Civic Center Drive; Ste 170
Southfield, MI  48076
Call 248-757-1713
Email:  info@donatingrealestate.com


This press release was submitted by Right Now Marketing Group, LLC

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