End of The Year Gig Harbor Home Purchase?

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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!

2014 Gig Harbor Real Estate Market Predictions

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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.