Donate Real Estate

Donating real estate to support DAV and veterans is fast and easy! The proceeds from your property donation allow DAV to continue providing lifetime support for veterans of all generations and their families.

Our program takes any property type (land, homes, commercial) in any location so long as there is equity. Even if you owe back taxes, have a mortgage balance or have deferred maintenance, it’s no problem. We will pay off all loans, liens, commissions owed and all closing costs. If you have a real estate asset that is costing you money or not being utilized, donating it is a great way to give back. You may even claim a significant tax deduction!

How it works

 


Donate Property

or call

844-277-HOME (4663)

Hours of operation
9 a.m. – 5 p.m. (PT)
Monday-Friday

Real Estate Donation Guide

What type of real estate can we accept?
We will consider any type of property that has positive equity, a clear title, and no environmental issues. Common property types that are donated are land, estates, second homes, rental properties, and commercial real estate. Please note: Timeshares and mobile homes cannot be accepted.
Is it easy to donate real estate?
Yes! Real estate donations are quickly vetted and converted to cash to support DAV through a national real estate auction platform and a title company partnership. We make the entire process as streamlined and convenient as possible.
What do I need in order to donate?
In order to donate property, we must have written consent from any and all property owners. Your letter of intent will outline the donation terms. The title report will show the related ownership information.
Can I donate real estate with a mortgage balance?
Yes. Prior to the auction, our real estate partner will determine if the likely value exceeds the mortgage balance. The proceeds from the auction sale are then used to pay off any mortgage balance. Please note: In cases where an asset doesn’t have enough equity to result in a surplus, we will not be able to accept it.
How will the tax deduction be determined?
All real estate donation tax deductions are based on the full appraised value, not the sale price. In most cases, donors may deduct the difference between the cash received and the fair market value based on an appraisal specifically completed to assess the value based on IRS guidelines. Donors may not deduct proceeds that were applied to pay off mortgages or back real estate taxes. The deduction can be carried forward up to five years following the year of sale.  *please consult your tax advisor as individual situations vary.
How long does it take to complete a real estate donation?
Most property donations will be completed within 45 days. Our goal is to maximize the value of the property.
Who pays commissions and/or closing costs?
Donors do not have to pay any commissions. If the property is currently listed with a broker, the DAV Real Estate Donation Program provider will pay the commission owed based on either the list price or the tax assessor value if there is no list price. All unpaid liens will be paid off at closing. The donor is generally not asked to pay anything out of pocket, and there are no closing costs to the donor. Prepaid property taxes and assessments will be remitted back to the donor at closing.
What if a property has environmental issues?
We have the ability to process properties with environmental issues; however, only high-value assets would be considered due to the risk and complexity. We have investors specializing in environmental cleanup and often issue indemnities to sellers via complex insurance placements.
Who operates the DAV Real Estate Donation Program?
Giving Property powered by CARS, Inc. (Charitable Adult Rides & Services) runs the DAV Real Estate Donation Program. CARS is an ISO 9001 certified 501(c)(3) nonprofit organization based in San Diego that operates under the governance of an independent board of directors and specializes in real ese services for other nonprofits. CARS follows governmental compliance with all IRS and state regulations concerning vehicle donation programs, fundraising registrations, and charitable receipting requirements throughout all 50 states and Canada, as required. CARS has also maintained an A+ Better Business Bureau rating for over 10 years.