Credit on 2008 Taxes return for 2009 home purchase.

You have likely heard a lot about the First Time Home Buyer Tax Credit that provides a credit of 10% of the purchase price up to $8,000. But have you heard that your buyers can CLAIM THE CREDIT ON THEIR 2008 TAXES even if they are just buying the home now? It can be claimed on your 2008 Tax Return (to be filed by April 15, 2009), an amended 2008 Tax Return, or your 2009 Tax Return. This combined with great low mortgage rates is a lot of leverage to get those buyers off the fence.