Monday, January 12, 2009

How Well Are You Serving Your First-Time Buyer Clients?

Dear Friends,

I don't need to tell you if your first-time buyer clients purchased or plan to purchase their home between April 8, 2008, and July 1, 2009, they may be eligible for up to a $7,500 tax credit, because you already know.

The First-Time Homebuyers Credit, which more or less serves as an interest-free loan from the government paid back over a 15-year period, gives prospective buyers a tremendous incentive to buy, and rewards those who have already purchased their home with a substantial credit at a time when many people could certainly use a little extra cash on-hand.

If you are not well-versed on this tax credit or ensuring that your qualifying clients receive the credit they are entitled to, you are missing out--and potentially letting your clients miss out on a terrific reward.

To help you get up to speed on the credit, we have uploaded a First-Time Homebuyers Tax Credit FAQ sheet, which can be used for your reference and shared with your potential and existing first-time buyer clients.

Additionally, you can downloand IRS Form 5405, the form your clients must submit with their tax returns to receive their tax credit. Be certain to direct them to this form so that they can claim their credit.

I encourage you to learn as much as you can about this valuable incentive, which can not only boost your business, but help your first-time buyer clients in a way they won't soon forget.
I you would like additional information on the The First-Time Homebuyers Credit please give me a call.

On Your Team
Jeffrey Stanton
Your Trusted Advisor For Life

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