ou own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too

It's December -- holiday time! Many people delay shopping for a home during the busy holiday season. However, December may be one of the best times all year to purchase a home and get a good deal!.

Here are 10 reasons for purchasing a home in Deember:

• Tax savings. Closing on your new home by Dec. 31st, means you can deduct mortgage interest, property taxes and points on your loan on this year's income tax return. These deductions are significant, especially in the early years of your loan when you are paying off so much interest.

• Sellers are more motivated. With inventory still on the market, many sellers will also be anxious to sell by the end of the year so that they can enjoy tax savings on the next home they purchase. You may have more leverage during negotiations and they may be willing to accept lower than their listing price.

• If you are buying a new house, there is a chance builders will be offering incentives. Many builders will offer extras to sell as many houses as they can by the end of the year.

• Your housing choices during December are still relatively plentiful.

• It's easier to move. Many moving companies are booked six or so weeks in advance during the busy summer months. In the winter it is normally easier to secure the services of a moving company or rental equipment on shorter notice.

• A new home for the holidays. The holiday season is a great time to celebrate your new home with family and friends.

• Paying toward something you own. When renting, your rent payment goes toward something that lasts a month -- a place to live for 30 or so days. When you buy a house, your monthly mortgage payment goes toward something you own.

• Consistent payments. Landlords have the discretion to increase your rent, plus it is exposed to inflation. Once you secure a mortgage, you can rely on consistent payments.

• A place to make your own. When you own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too

y years of your loan when you are paying off so much interest.

• Sellers are more motivated. With inventory still on the market, many sellers will also be anxious to sell by the end of the year so that they can enjoy tax savings on the next home they purchase. You may have more leverage during negotiations and they may be willing to accept lower than their listing price.

• If you are buying a new house, there is a chance builders will be offering incentives. Many builders will offer extras to sell as many houses as they can by the end of the year.

• Your housing choices during December are still relatively plentiful.

• It's easier to move. Many moving companies are booked six or so weeks in advance during the busy summer months. In the winter it is normally easier to secure the services of a moving company or rental equipment on shorter notice.

• A new home for the holidays. The holiday season is a great time to celebrate your new home with family and friends.

• Paying toward something you own. When renting, your rent payment goes toward something that lasts a month -- a place to live for 30 or so days. When you buy a house, your monthly mortgage payment goes toward something you own.

• Consistent payments. Landlords have the discretion to increase your rent, plus it is exposed to inflation. Once you secure a mortgage, you can rely on consistent payments.

• A place to make your own. When you own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too

will offer extras to sell as many houses as they can by the end of the year.

• Your housing choices during December are still relatively plentiful.

• It's easier to move. Many moving companies are booked six or so weeks in advance during the busy summer months. In the winter it is normally easier to secure the services of a moving company or rental equipment on shorter notice.

• A new home for the holidays. The holiday season is a great time to celebrate your new home with family and friends.

• Paying toward something you own. When renting, your rent payment goes toward something that lasts a month -- a place to live for 30 or so days. When you buy a house, your monthly mortgage payment goes toward something you own.

• Consistent payments. Landlords have the discretion to increase your rent, plus it is exposed to inflation. Once you secure a mortgage, you can rely on consistent payments.

• A place to make your own. When you own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too

home with family and friends.

• Paying toward something you own. When renting, your rent payment goes toward something that lasts a month -- a place to live for 30 or so days. When you buy a house, your monthly mortgage payment goes toward something you own.

• Consistent payments. Landlords have the discretion to increase your rent, plus it is exposed to inflation. Once you secure a mortgage, you can rely on consistent payments.

• A place to make your own. When you own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too

ou own your house, you can update your kitchen, paint your home's exterior any color, change your fixtures, and replace your carpeting -- all with the knowledge that the changes you make are your own.

• Gaining equity. In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too does your rate of equity.