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>Inspection Services
>Four Point Inspections
>Wind Mitigation Inspections
>Roof Verification Inspections
>Home Inspection Video
>Environmental Inspections
>Pool/Spa Inspections
>Inspection Service Areas
>Senior Home Inspections
>Inspectors Credentials
>View our Testimonials
>FAQ
>ASHI Code Of Ethics
>News
>Press Release
>Contact
Homeowner/Buyer
>Average Repair Cost
>Home Buyer Checklist
>Mortgage Calculators
>Inspection Report
>Using An Inspection Report
>Client Survey
>Preferred Vendors
>Top Realtors
Articles
>Most Common Defects
>HVAC Issues
>Hidden Water Damage
>Newsletters
>Why Get an Inspection
Copyright 2009, AAA Advanced Home Inspections, Inc. All Rights Reserved.
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Home Inspection Services are available in the following Counties:
PINELLAS | HILLSBOROUGH | PASCO | HERNANDO | MANATEE
A good home inspection takes time, experience and knowledge.
PINELLAS | HILLSBOROUGH | PASCO | HERNANDO | MANATEE
A good home inspection takes time, experience and knowledge.
Certified Inspector
| AAA Advanced Home Inspections, Inc November 2009 Newsletter |
There is a lot of exciting news in the home industry. Two tax credits for home buyers are in play. The $8,000 tax credit has
been extended and the other one was added for current home owners. The full story is below. Also remimber we do give
discounts for your referral and you also receive a gift card for all full home inspections. It's a win win situation for all! Prices
are listed at the link above.
WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus
package enacted earlier this year. But with the program scheduled to expire at the end of November, the Senate voted
Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled
to vote on the bill Thursday and it pasted.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time
homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify,
buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
"This is probably the last extension," said Sen. Johnny Isakson , R-Ga., a former real estate executive who championed the
credits.
The homebuyers tax credit is one of two tax breaks totaling more than $21 billion that the Senate included in a bill
extending unemployment benefits for those without a job for more than a year. The other would let companies now losing
money recoup taxes they paid on profits earned in the previous five years.
"We are still in a world of economic hurt, and Congress must continue to act boldly and creatively," said Sen. Max Baucus ,
D-Mont., chairman of the Senate Finance Committee . "With the right mix of tax breaks and investments we will get through
this recession and get folks working again."
The real estate industry has been pushing to extend and expand the housing tax credit. About 1.4 million first-time
homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of
them would not have purchased their homes without the credit.
Extending and expanding the tax credit for homebuyers is projected to cost the government about $10.8 billion in lost taxes.
While the measure passed the Senate by a 98-0 vote, Sen. Kit Bond , R-Mo., questioned its efficiency in stimulating home
sales.
"For the vast majority of cases, the homebuyer tax credit amounted to a free gift since it did not affect their decision to
purchase a home," Bond said. "And for the small minority of buyers whose decision was directly caused by the credit, this
raises the question of whether we are subsidizing buyers who may not have been able to afford buying a home in the first
place."
The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are
ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with
incomes above $225,000.
The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the
United States for at least 90 days.
Expanding the tax credit for money-losing companies is projected to cost $10.4 billion.
The business tax break would allow money-losing companies to use current losses to offset taxable profits earned in the
previous five years, giving them refunds of taxes paid in those years. Under current law, businesses with annual gross
receipts of more than $15 million can claim losses back only two years.
The tax break would help industries suffering losses in 2008 or 2009, including retailers, homebuilders and newspapers.
Congress included a scaled-back version of the tax break — for companies with revenues of $15 million or less — in the
economic recovery package enacted in February. The new tax break would be available to companies of any size, providing
a quick source of cash.
been extended and the other one was added for current home owners. The full story is below. Also remimber we do give
discounts for your referral and you also receive a gift card for all full home inspections. It's a win win situation for all! Prices
are listed at the link above.
WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus
package enacted earlier this year. But with the program scheduled to expire at the end of November, the Senate voted
Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled
to vote on the bill Thursday and it pasted.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time
homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify,
buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
"This is probably the last extension," said Sen. Johnny Isakson , R-Ga., a former real estate executive who championed the
credits.
The homebuyers tax credit is one of two tax breaks totaling more than $21 billion that the Senate included in a bill
extending unemployment benefits for those without a job for more than a year. The other would let companies now losing
money recoup taxes they paid on profits earned in the previous five years.
"We are still in a world of economic hurt, and Congress must continue to act boldly and creatively," said Sen. Max Baucus ,
D-Mont., chairman of the Senate Finance Committee . "With the right mix of tax breaks and investments we will get through
this recession and get folks working again."
The real estate industry has been pushing to extend and expand the housing tax credit. About 1.4 million first-time
homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of
them would not have purchased their homes without the credit.
Extending and expanding the tax credit for homebuyers is projected to cost the government about $10.8 billion in lost taxes.
While the measure passed the Senate by a 98-0 vote, Sen. Kit Bond , R-Mo., questioned its efficiency in stimulating home
sales.
"For the vast majority of cases, the homebuyer tax credit amounted to a free gift since it did not affect their decision to
purchase a home," Bond said. "And for the small minority of buyers whose decision was directly caused by the credit, this
raises the question of whether we are subsidizing buyers who may not have been able to afford buying a home in the first
place."
The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are
ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with
incomes above $225,000.
The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the
United States for at least 90 days.
Expanding the tax credit for money-losing companies is projected to cost $10.4 billion.
The business tax break would allow money-losing companies to use current losses to offset taxable profits earned in the
previous five years, giving them refunds of taxes paid in those years. Under current law, businesses with annual gross
receipts of more than $15 million can claim losses back only two years.
The tax break would help industries suffering losses in 2008 or 2009, including retailers, homebuilders and newspapers.
Congress included a scaled-back version of the tax break — for companies with revenues of $15 million or less — in the
economic recovery package enacted in February. The new tax break would be available to companies of any size, providing
a quick source of cash.
| Tax credits $6,500 to $8,000 |
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Florida Home Inspectors License #HI1277
Florida Mold Assessor License #MRSA1542
Florida Mold Assessor License #MRSA1542
| Florida home inspectors license #HI1277 Florida State Licensed #MRSA1542 HUD Certified Government Contractor #MGQ649 |