Gary Smith

Everyone has heard it. TAX CREDIT IS GONE. Little has been said by the media about the fact that VA, Foreign Service personnel, and Department of Defense employees that have been assigned out side of the country for a period longer than 90 days can still qualify for the tax credit. The above individuals must have been outside the U.S. for that period between January 1, 2009 and April 30, 2010. That is a lot of people that still will qualify. All other qualifications still apply and they have unitl April 30 of 2011 to be under contract with a closing by June 30, 2011.

If you are working near a military installation (Joint Base Lewis-McChord for example) and are not advertizing the heck out of this, you are missing a keen niche. More information can be viewed at http://www.GiveMe8000.info.

Besides making the new tax credit a true credit that does not have to be paid back, the Federal Government also made it possible for people to treat their new home purchase as if they bought it on Dec. 31st of last year. This opens the door for buyers to immediately amend their 2008 return to get their credit refund faster! Of course, buyers may also elect to wait until they file their 2009 return if their income calculations for 2008 were causing less of a refund.

Any agent that has had closings for first time buyers since January 1st should take the opportunity to connect with their past clients and bring this to theior attention. They will thank you for it and they may know someone that needs to buy a home now also!