End of The Year Gig Harbor Home Purchase?

Should you buy your Gig Harbor home before the new year? Are their benefits to making a purchase before 2014 hits us? As an expert in Gig Harbor Real Estate, I know a thing or two about making a home purchase right before the new year.

Here’s our list of the top 5 reasons to buy your Gig Harbor home before the new year!

One of the best things about buying your Gig Harbor home in the next week are the tax savings and deductions!

1. Tax savings. Closing on your new home by Dec. 31 means you can deduct mortgage interest, property taxes and points on your loan on your income tax return. You can also deduct the interest costs associated with a home equity loan. These deductions are significant, especially in the early years of your loan when you are paying off so much interest.

2. Sellers are Motivated! They want the same end-of-the-year savings. A motivated seller is usually open for negotiation and willing to accept a lower offer.

3. Home-builders like Hudson Homes NW are offering incentives! Many throw in extras and bonuses to close more sales before the new year.

4. Moving is easier. December moving is the off-season and most companies are wide open and available on short notice. Also, family members are off-work and in the holiday spirit of helping.

5. There’s nothing better than a new home for the holidays!

Happy New Year!

Gig Harbor Real Estate: What to Look For In 2014

2014 is coming round’ the corner, and Gig Harbor home-buyers need to know what to start looking for and why. It is essential to stay ahead of the game to get the most house for your money. CNN Money posted a great article with tidbits on what to focus on as 2014 heads our way. 

The article, written by Carla Fried, states that we have great news for 2014 real estate health,

The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that’s good news. “For a sustainable recovery you want to see more balance between buyers and sellers,” says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.

In Gig Harbor, real estate is expected to follow the nation’s to become a “sellers market.” 

“It will still be a sellers’ market in 2014, given how far we have before inventory is back to normal,” says Jed Kolko, chief economist at Trulia, noting the supply of homes in September was still about 15% below historical norms. “But it will not be as extreme as 2013,” he says.

As an expert in the real estate field and COO of Hudson Homes NW LLC, I can nod my head yes and start preparing to make some sales. Hudson Homes NW sells custom homes in the Gig Harbor coastal communities. News of the upcoming sellers’ market is music to my ears. 

The CNN Money article HERE continues with tips to make your best purchase in 2014. 

Meet Sterling Griffin: Gig Harbor Real Estate Expert

Entrepreneur Sterling Griffin has led companies in the construction, information technology, and healthcare fields. As founder and director of MedTech National, Inc., Sterling Griffin of Gig Harbor, Washington, plays an important role with many of its initiatives. 

 

Based out of Gig Harbor, MedTech National remains on the cutting edge of health care information technology. Its integrated health technology services allow medical clinics to comply with electronic health records mandates, introduce patient access web portals, and improve their overall practice management. Moreover, its revenue cycle management reviews the entire lifecycle of a claim, from ensuring the patient’s eligibility to identifying potential claim denials.

 

In fall 2013 MedTech National continued to expand its resources. In September, it purchased the assets of Cylliance Inc. This medical billing and practice management firm developed innovative solutions in revenue cycle management and electronic health records. Moreover, Cylliance produced some of the first programs to acquire federal approval to store health care information in the Cloud. The following month, MedTech National obtained the medical billing and practice management assets of Camber Health Partners Inc. With these two acquisitions, the Gig Harbor firm has positioned itself for expansion nationally.

2014 Gig Harbor Real Estate Market Predictions

As a seasoned Real Estate expert and COO of Hudson Homes NW LLC, I’ve experienced it all. The major highs and the major lows. My past experience and market knowledge leads me to believe that the 2014 Gig Harbor Real Estate Market is definitely taking a turn in favor of the buyer.

RealtyTimes wrote a great article outlining the details of the upcoming market trends for Gig Harbor Real Estate. I couldn’t agree more with their statement that repeat buyers are going to boost the market.

“As prices rise, buying homes will become less attractive to investors as well as first-time home buyers, but repeat buyers will be able to offset the higher price of the home they buy with the higher price from the home they sell,” said Kolko on HousingWire.com.

The buying and selling game is picking up. Repeat buyers have an opportunity to sell higher and obtain the cash necessary to buy their next home. Its a great trend because it gets the market moving. Gig Harbor home owners are eager to get their house on the market knowing that they can actually get the value their home is worth. This may not be as exciting for first-time-buyers, or the Young Professional generation of Gig Harbor, who are still living at home or room-sharing in rentals, but its encouragement that the market is going to continue to keep moving into 2014, and people are going to get what their home is worth.

Positive Holiday News: Decline in Foreclosures

The holidays are ringing in with a decrease in foreclosure through the month of November. Here’s the stats from the Notice of Trustee Sale Summary:

November 2013
King: 465 NTS, down 47% YOY
Snohomish: 305 NTS, down 43% YOY
Pierce: 421 NTS, down 39% YOY

Any Gig Harbor home owner can run around singing “Joy to the World” knowing that their home isn’t going into foreclosure.

Another sign the real estate market is on the up! Happy Holidays!