Gifts of Real Estate

Due Dilligence Phase

Initially brainstorm with the Client about the nature of the assignment and overall goals
Consult with the donor of a real estate gift(s) as appropriate
Brainstorm about the conceptual framework of the gifting process and appropriate vehicle(s)
Conduct independent research on the property(ies)
Review public land records
Review tax assessment documents and data
Obtain online environmental assessment report
Identify 2-3 qualified home inspection firms
Engage a qualified home inspection firm to conduct necessary property inspections
Identify 2-3 qualified appraisal firms
Engage a qualified appraiser to complete appraisal
Conduct Phase I environmental review with report as appropriate
Obtain a preliminary title report to the property(ies)
Review market data online
Identify 3-4 prominent real estate brokerage firms in the market or region
Have preliminary calls with each real estate brokerage firm
Issue request for proposal to each real estate brokerage firm
After receipt of real estate proposals, conduct interviews with each real estate brokerage firm
Assimilate all information gathered and prepare an Executive Summary to the Client
The Executive Summary will provide the details of the property and market conditions
The Executive Summary will provide best estimate of sales value projected
The Executive Summary will present a recommendation for selection of real estate brokerage firm
Conduct conference call with the Client to decide on proceeding with gift acceptance, any conditions and establishing expectations
Secure gift acceptance approval from Client

Allen F. Thomas, JD, CAP
Thomas Charitable Advisors

RESOURCES

Major Gifts LLC
Tampa, Florida

800.490-7090
484.680.7800 local
Succeed@MajorGifts.com

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Every planned gift is a major gift. Get educated today.