Is there a option to buy/sell a house where the seller can give the house to the buyer?

Question

Is there a win-win situation where a seller can give the buy a house or at a minumual cost and the seller will get a tax credit or a financial benefit.

My wife and I are disable and have limited funds. Yet, we would love to get a $100,000 house in a decent area. Are there any programs to help disable people.

Answer 1

A donor can only get a tax deduction for donations to qualified 501(c)(3) charities.  It takes about 3 years for a charitable organization to obtain certification from the IRS.  Individuals do not qualify.

There are millions of people trying to get by on very limited funds.  If you are on disability, you have the luxury of a fixed income.  For those who have lost their jobs and are futily pounding the pavements day after day in search of another, you appear very privileged.  Save up a down payment and buy, or keep renting.