August’s Closing Tip is to remind your first time homebuyers to file for their homestead exemption.
“Attention buyer’s agents! If you are working with first time homebuyers, remind them to file for their homestead exemption. It’s surprising the number of sellers we see who did not know they could file the exemption. We have the forms available for their convenience. Remember that in order to file, their drivers’ license must have the property address on it. Therefore, filing the exemption is something that will have to be done once all the boxes are unpacked and the dust settles. It is so easy to forget, but you’ll be a hero if you can help them save money on their property taxes.”