Written By: Karen Deis
While there are still a lot of questions out there regarding the $7500 tax credit versus the $8000 tax credit, here is a chart from the NAR and other sources comparing both tax credits.
- $7500 - 1st time buyers who purchased homes from April 9, 2008 to January 1, 2009
- $8000 - 1st time buyers who purchased homes from January 1, 2009 to November 30, 2009
(Obtain Talking Points article free, answering most of the basic questions that a homebuyer or real estate agent might ask you.)
Check your database. Get in touch with your first-time homebuyers who closed between April 9 and December 31, 2008 and let them know they need to tell their tax person that they might be eligible. However, if the loan is a Housing Authority or bond program, they are NOT eligible.
If first-time homebuyers and real estate agents don't know about the $8000 tax credit, you could probably assume that they have been hiding in a cave! However, this comparison chart will help agents and buyers understand the difference between the 2008 and 2009 incentives.
Add your contact info and distribute to your real estate agents, builders and clients! Send a postcard, especially if you plan to market to apartment complexes!
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