If you’re a prospective homebuyer considering whether to purchase a home now or later, consider these points:

You can enjoy year-end tax breaks. Buying before the year’s out allows fall homebuyers to take advantage of tax breaks such as the mortgage interest and property tax deductions. “There are certain deductions that can be claimed by homeowners only,” explains 1040Return.com Founder John Gregory. “If you have taken out a homeowner’s loan, consider these deductions as Uncle Sam’s gift to you.” To learn more about the tax benefits available to homeowners, click here

You’ll be home for the holidays – literally. As summer winds down after Labor Day, buyers transition their thoughts to the fall and winter holiday season. Many wish to settle in for the holidays and enjoy a new home during that time.

Also, remember interest rates are at an all time low!