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• Dec. 14, 2007 - Knoxville Tennessee gifts for sellers & buyers

Here's an oldie but a goodie from a last year's post that bears recycling.

Each time you have a closing make 2 extra copies of the closing statement.

Write the buyer and seller each a letter dated January 2nd of the following year that says something like:

Dear Tom and Denise,

Before you know it tax time will be on us again.

To save you some time (and hopefully some money) I'm enclosing a copy of the closing statement from the real estate transaction we had this past year.

As you probably know some of these expenses could be tax deductible; your accountant or tax preparer can best advise you as to which ones.

I hope this is a benefit to you as you prepare your 2007 tax returns.

If I can be of further service to you or your friends & family in any future real estate transactions please give me a call or e mail

Thank you once again for your business in 200X.

Best regards,

Jim Lee, REALTOR®"

Sign the letters and put them along with the closing statements into a large folder each time you have a closing. When January 2nd of the following year rolls around just get them out, put the appropriate postage on them, and drop them in the mail.

This is usually good for 1 or 2 extra pieces of business a year.

And yes, I send them to both sides of the transaction whether I was their broker or not. It is not unethical to solicit someone's future business just because they may have had an agency relationship with another licensee in a past transaction.

Additionally I can almost guarantee you the other side won't be sending them copies of the HUD 1 anyway and they will appreciate you for remembering them.

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• Dec. 14, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Shirley Volgraf
i;;;;;;GREAT IDEA!! SHIRLEY
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• Dec. 15, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Nan Lambert

Thank you for the suggestion to mail the HUD 1 to both sides of the contract in January.  What a great idea for relatively newcomers to the real estate business.  What parts of closing costs are tax deductible in TN or does it matter from state to state?   Nan Lambert COLDWELL BANKER Heritage Homes, Marion, AR 

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• Dec. 15, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Diane Sheldon

I do this every January but I DIDN"T think of sending the HUD to the other side of the transaction!  Great idea....thank you!

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• Dec. 16, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Peg Clayton

I have heard of doing this from various classes I have taken.  This year with this reminder, I am going to add it to my 2008 action plan.  I just finished the e-PRO class and want to work on a number of activities that will earn me more business in the coming year.

Coldwell Banker Hearthside, Realtors

Levittown, PA 19057

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• Dec. 17, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Carol Tibbles
I love the idea of sending to both sides of the transaction, however, our Montana title companies will not disclose the other side of the transaction if you are not representing them.  They claim this is due to the privacy act.  I really thought this would have been true nationwide.
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• Dec. 17, 2007 - RE: Knoxville Tennessee gifts for sellers & buyers

Posted by Peg Clayton

Dear Carol,

It is interesting to hear how the various states work a closing or settlement.  Here in PA all parties sit at the table and clients and agents get copies of the HUD sheet.   It would be easy to send the HUD information and letter to both sides the first part of January.

Peg Clayton ABR,CRS,GRI,e-PRO,SRES

Coldwell Banker Hearthside, Realtors

Levittown, PA 19057

 

 

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