Gainesville, VA

Gainesville, VA - Homes for Sale in Gainesville, Virginia - Homebuyer Tax Credit

For buyers who have looking at homes for sale in Gainesville, VA here is the status of the Homebuyer Tax Credit:

Homebuyer Tax Credit has not only been extended, but it has also been expanded to include current homeowners. The following are features of the new bill

Deadline for current credit is November 30, 2009

New Deadline for Homebuyer Tax Credit is April 30, 2010, as long as the home is under contract by that date. Must close within 60 days

Eligibility and amount of new credit:

$8,000 for first-time homebuyers (those who have not owned a home in the last three years).

Up to $6,500 credit for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight.

Buyers with income exceeding $125,000 for single and $225,000 for married couples are not eligible.

Homes valued at more than $800,000 are also ineligible.

Linda Coffey, Realtor®
Long & Foster Realtors

7526 Limestone Drive
Gainesville, VA 20155

Licensed in the Commonwealth of Virginia

(703) 973-2676

LCoffey@LNF.com

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The congress has approved a 1 year extension of higher loan limits for the FHA loans and an amendment to extend the 1st time homebuyer tax credit was incorporated on the bill to prolong the unemployment benefits.

With the amendment to the bill introduced last Thursday by Sen. Harry Reid the extension looks like will pass.

The vote should take place sometime this week, so keep your eyes open for HR 3548

HOMES FOR SALE IN GAINESVILLE, VA  Gainesville is located in Prince William County, Virginia off of route 66, a major commuter route in Virginia.  This area has exploded with new construction and commercial construction.

If you are looking for a home for sale in Gainesville, Virginia... call Konnie MAC to set up automatic emails or SEARCH FOR HOME In GAINESVILLE, here using my FREE, no strings MLS Search

Don't miss the model home furniture sale in Gainesville's Heritage Hunt on October 31, 2009. This is a one day only sale, starting at 9am and ending at 2pm. Buy designer selected furniture, art and accessories from this Key West Style Condo plus more from another condo. Cash and Checks Only, ID required.

Directions to Heritage Hunt in Gainesville (for those unfamiliar) are as follows:

Take Route 66 West to Exit 43B (Route 29 North.) At the exit, bear left. At the traffic light cross Rt. 29 Lee Hwy onto Heathcote Blvd. Turn right at first traffic light at Heritage Hunt Dr. Sign in with the gate guard. Follow the Lennar signs to the condo models, first building on the right. Parking is in front of the building both condo buildings. The sale is in unit 103.

For more information on this sale, or to get on the email list for Model Home Furniture Sales all over the metro area, email Amazing Grace at amazingraceinc@gmail.com.