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If you've owned your home or other real estate for a long time, there is no doubt that it has increased in value significantly. What happens if you sell the property?

First of all, the sale is subject to capital gains tax on the property's appreciation. If the property has been your main home for at least two of the past five years, you can exclude up to $250,000 of gain ($500,000 for married couples). However, this opportunity to avoid capital gains tax doesn't apply if the property is a vacation home, land or any real estate other than your primary residence. Plus, there's the cost of marketing and selling real estate, which also takes time and effort, even if you use professional assistance.

Before you sell real estate, consider a new option. If you'd like to help fulfill our mission, your property opens the door to a unique giving opportunity: donate the property to us. You can give the property outright, place it in trust or give it by will. All of these methods will enable you to enjoy personal financial benefits while supporting our work in a meaningful way.

You can use your home to create income, save taxes, reduce probate costs for your estate and serve a charitable purpose.

For more information on donating real estate, please contact Karen.Barton@nmss.org at 760-448-8412.

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