First-time Home Buyer? Get an Inspection

RISMEDIA, July 9, 2009 - As many consumers are considering buying a house to take advantage of first-time home buyer tax credits, the American Society of Home Inspectors (ASHI) reminds them about the importance of getting a professional home inspection. According to the IRS, the first-time home buyer tax credit allows taxpayers who have not owned another principal residence at any time during the three years prior to the date of purchase to deduct the lesser of $8,000 or 10% of the purchasing price of their home if they purchase before Dec. 1, 2009. This has encouraged many young professionals in their 20s and 30s to consider buying a house or a condominium. Read more.


7/22/2009