Are you promoting the $7500 1st time buyer tax credit yet? I am telling you, this is our ticket out of the mess. We need to push this as hard as we can and get everybody we know pushing it with us. Tell everybody you know about this and call past clients and prospects too. I am sure that 99.9% of them do not know about this and if you are the one telling them about it first, you are going to be the one that gets their business.
I read somewhere recently that sales is providing a service that people want and marketing is getting them to know they want it. Well, this is something that they will want if you promote it with your marketing! Then, you are going to be selling more houses!
Think $7500 1st-time buyer tax credit!
Also, in honor of my brother's birthday today, had to mention the birthday ping idea to you again. This is a great way to stay in touch with past clients. Do like we do and call and sing happy birthday to them as a group. It's fun and the birthday boy/girl is going to love you for it!
Thank you for your referrals!
Senior Mortgage Advisor
PHH Mortgage - 843-230-7929
Senior Advisor - Helping you GROW your business!
www.activerain.com./luckydog1 - SC
www.activerain.com/luckydog2 - NC
http://samthompson.phhmortgage.com/
www.myphhmortgageadvisor.com/
I wrote about it yesterday H.R. 3221, signed by President Bush July 30, allows lenders to refinance home mortgages to correspond more accurately to their appraised value and extends the deadline on a $7,500 tax credit for first-time buyers, among other things.
Good point. The tax credit is something that can get buyers excited.
This is a great tool....I enjoy working with 1st-timers and love to help them realize the benefits of buying now! Have a great week!
Thanks for the reminder. I have been sending this info to my clients, and will have to make sure I hand out the info during open house.
The best site I found that explains this well is here:
Click to this page where it discusses:
Sam, the tax credit is great, but the funds are not available to the buyer for the closing, the benefit to the buyers is when they file their tax return.
How do you use the tax credit to motivate buyers now, when the benefit doesn't come until later? I posted on this yesterday and gave a few ideas.
http://activerain.com/blogsview/633339/Using-the-First-Time
Any other ideas?
Over in Louisiana we have an incentive on all rental or investment properties of 50% the first yr. Its called GOZONE money.
Sam,
Thanks for the post. The $7500 tax credit is another tool we can use to help potential buyers see their way to realizing home ownership.
The Home Builders Association announced it's seeing a ton of activity from first time homebuyers interested in the program!