There are plenty of ways to give get rid of a house you don’t want anymore.
- Transfer the deed (ownership) to someone else like friends or family
- Giving your house to a local fire department for practical use and training
- List your house on eBay for $1
- List your house on social media and classified websites as a giveaway
- Donate your house
Why is donating the best option?
Donating your house means that you get a tax deduction.
Other forms of giving your house away will help you get rid of your house but will not give you the tax benefits.
In short: when you donate your house to a charity, with the right legal status, you will get back 100% of the fair market value of your house back on taxes.
So if the house is valued at $100k, you will get back $100k on your taxes.
You can carry this amount over for 5 years.
