Gainesville, VA

Long & Foster in Gainesville, VA is happy to be a collection site for Toys for Tots. Simply stop by our offcie to drop off your donation of a new, unwrapped toy.

The Long & Foster Gainesville office is located at 7526 Limestone Drive, Gainesville, VA. From the intersection of Route 29 & Linton Hall Road; take Linton Hall Road South; at the 3rd traffic light turn left onto Wellington Road; take a left onto Limestone Drive. Long & Foster Gainesville will be on the corner of the strip of shops, across the street from 7-Eleven.

To check our business hours, please call 571-261-1400.

Toys will collected until December 18th. Bring a smile to a child's face this Christmas. Drop off your new, unwrapped toy and know you have made a differnce in someone's life this holiday season.

Gaineville Virginia - Homes For Sale - Foreclosures and Short Sales

The rise in foreclosures and short sales has even touched the homes for sale in the Gaineville VA market. Since September 2008, monthly foreclosure filings decreased by 10 percent across Virginia. Overall, in September 2009, Virginia ranked 17th in foreclosure rate amongst the 50 states, according to RealtyTrac.

According to the Virginia Association of Realtors, in the 3rd Quarter of 2009 median sales prices were down by 1.3% over the same period in 2008 while they increased 2.2% over the previous quarter (2nd Quarter 2009).

Currently there are 209 Single Family Homes listed for sale in the Gaineville VA MLS in October 2009.

• 2 Foreclosures (1% of current homes)
• 77 Short Sales aka Preforeclosure (36.8% of current homes)
• 77 Resales (36.8% of current homes)
• 53 New Homes To Be Built (25.4% of current homes)

Based on current average homes sold in Gaineville VA per month we currently have 6.2 month home supply. This is a .7 month home supply increase from October 2009

With the right agent you can get a great deal on the current available Foreclosures and Short Sales.

Linda Coffey, Realtor®
Long & Foster Realtors

7526 Limestone Drive
Gainesville, VA 20155

Licensed in the Commonwealth of Virginia

(703) 973-2676

LCoffey@LNF.com

Has the Market Stabilized in Your Area? Get a Free Market Report to Find Out!

Gaineville VA MLS Free Search Online for info about Gaineville VA homes

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

Has the Market Stabilized in Your Area? Get a Free Market Report to Find Out!

Gainesville VA MLS Free Search Online for info about Gainesville VA homes

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