Gainesville, VA Real Estate News

By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is May 22, 2020 let’s explore “What Cost You Can Expect to Pay When Buying A House?”My name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to Explore “What Cost You Can Expect to Pay When Buying a House?” If you have never bought a home before you might think that the only cost you have is the down payment. That’s one part of what you can expect to pay.Depending on the loan you are applying for and the amount of money you are putting down you could have upfront PMI Private Mortgage Insurance, MI Mortgage Insurance or Funding Fee.Other fees include:          Earnest Money Deposit          Home Inspection          Radon Inspection          Appraisal          Credit Report          Termite Inspection          Well Inspection Fee (if home...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is May 20, 2020 and here are “5 Real Estate Word to Increase Your Vocabulary”.My name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about 5 Real Estate Word to Increase Your Vocabulary1-Abstract of Title: Condensed history or summary of all transactions affecting a particular tract of land.2-Adverse Possession: A claim against the land of another by virtue of open and know possession of the land by the claimant.3-APR (Annual Percentage Rate): A percentage of the total finance charges to the total amount to be financed as required under the Truth-in-Lending Act.4-Appraisal: Is the written opinion of market value at a point in time.5-Arm (Adjustable rate Mortgage or Variable Rate Mortgage): A loan that can adjust up or down dep...
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By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Under Contract, Apparently with the Blessings of John Trone HimselfIt takes a special buyer to appreciate a 194 year old historic property.  Certainly, when The John Trone House, located at 8200 Buckland Mill Road hit the market at $259,000 it got a lot of attention.  Buyers were drawn to the price for a single family home on two acres in a convenient Gainesville location.  Of course, not all appreciated the home as a historic landmark.  One buyer made a lowball offer based on comparison to other properties and unethusiastically got across the message that she "could live there " for the amount she offered.  Clearly, not the right buyer.Meanwhile, an agent representing a serious couple called with many questions.  So that nothing was lost in the game of telephone, this being such a uniq...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is May 18, 2020 and this is my Monday Mortgage Update.What is mortgage insurance and why do I have to pay it?My name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about “What is mortgage insurance and why do I have to pay it?” Mortgage insurance is protection for the bank just in case they need to foreclose on your mortgage.If you are using conventional financing and put down less than 20% your loan will have mortgage insurance. Depending on your credit score and amount you are putting down will determine how much you pay in mortgage insurance. Example, if you have a credit score of say 680 with as little as 5% down you could be paying $400 or more per month in mortgage insurance. Verses having a credit score of say 750 with ...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Covid-19 AddendumHi there, today is May 15, 2020 My name is Susan Jacobs and I am a Realtor with Samson Properties in Gainesville, VA    Lets talk about, “ the Covid 19 addendum”. Have you seen or heard about the Covid-19 addendum? This addendum can be used when you write an offer or at any time during the process.If you have ever been involved in a real estate transaction you know there are all sorts of deadlines. Deadline for when the home inspection needs to be completed. Dead line for loan approval. Deadline for when the appraisal is to be completed and on and on. If you miss a deadline you could be in default or even null and void the contract.The purpose of the Covid 19 addendum is to extend deadlines should there be an “Unforeseeable Event. An “Unforeseeable Event” means any circ...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
My name is Susan Jacobs and I am a realtor with Samson Properties in Gainesville Virginia. This is my Monday Mortgage update May 11, 2020. Today I would like to talk about different types of mortgages commonly used to finance a home. That would Conventional Mortgages, F.H.A. Mortgages and VA Mortgages. Let me give a brief explanation of the differences .A Convention mortgage is a mortgage that is not obtained under a government issued program. In Northern Virginia the loan limit is $510,400 anything above that is considered a Convention Jumbo Mortgage.A F.H.A mortgage is a mortgage that is insured by the Federal House Administration. They are a federal agency that insures first mortgages enabling lenders to loan a very high percent of the sale price. While loan limits can change as of 2...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
y name is Susan Jacobs and I am a Realtor with Samson Properties, Gainesville, Virginia. This is my real estate market update May 8, 2020. In a release dated May 7, 2020 from the NAR (National Associate of Realtors) 3 in 4 potential sellers are preparing to sell their homes following the end of the stay at home orders. About half of those potential sellers are now completing do it yourself projects in preparation to listing their home for sale. Based on information from local lenders, plenty of buyers appear ready to take advantage of record low mortgage rates by getting pre- approvals now.In a survey conducted by NAR, they asked members how the coronavirus has impacted the residential real estate market.                5% of Realtors said clients where shifting neighborhood preference ...
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By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Loyal Buyers Find Their Dream Home in The Reserve at Lake Manassas In the spring of 2007, my brother introduced me to some of the finest people I have ever met.  His friend Michael was looking to buy a home in the Centreville area, having just accepted a job in Northern Virginia.  It was a pleasure to meet Michael and Leigh Ann and house hunt with them.  They were relocating from Southern Virginia.  Having had my license a little more than years at that point, I was experienced enough to help, but was about to learn the art of true negotiation and win-win.That first deal was rough to get accepted.  Michael's financing was contingent on his security clearance coming through, at which point his job would start and he would be employed.  The adjudication process was backed up and we were s...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Bridlewood neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Bridlewood Home ValuesIn the past 6 months, 9 properties have sold in Bridlewood ranging from a 4-bed, 3-bath, and 1-half bath Townhome for $350,000 to a 5-bed, 3-bath, and 1-half bath Detached for $545,000.Bridlewood Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Bridlewood. The average sold price was $519,000 and the average days on market was 12 days.  Sell Your Home in 72 Hours for Thousa...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Broad Run Oaks neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Broad Run Oaks Home ValuesIn the past 6 months, 8 properties have sold in Broad Run Oaks ranging from a 4-bed, 2-bath, and 1-half bath Detached for $500,000 to a 5-bed, 3-bath, and 1-half bath Detached for $575,000.Broad Run Oaks Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Broad Run Oaks. The average sold price was $500,000 and the average days on market was 43 days.  Sell Your Home in...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Carterwood neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Carterwood Home ValuesIn the past 6 months, 16 properties have sold in Carterwood ranging from a 3-bed, 2-bath, and 1-half bath Townhome for $350,000 to a 4-bed, 3-bath, and 1-half bath Detached for $485,000.Carterwood Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Carterwood. The average sold price was $373,000 and the average days on market was 4 days.  Sell Your Home in 72 Hours for Thousa...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Greenhill Crossing neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Greenhill Crossing Home ValuesIn the past 6 months, 13 properties have sold in Greenhill Crossing ranging from a 3-bed, 2-bath, and 1-half bath Townhome for $335,000 to a 4-bed, 3-bath, and 1-half bath Detached for $490,000.Greenhill Crossing Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 2 homes sold in Greenhill Crossing. The average sold price was $351,500 and the average days on market was 32 day...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Heritage Farms neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Heritage Farms Home ValuesIn the past 6 months, 7 properties have sold in Heritage Farms ranging from a 4-bed, 3-bath, and 1-half bath Detached for $589,900 to a 4-bed, 4-bath, and 1-half bath Detached for $720,000.Heritage Farms Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Heritage Farms. The average sold price was $615,000 and the average days on market was 33 days.  Sell Your Home in...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Heritage Hunt neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Heritage Hunt Home ValuesIn the past 6 months, 62 properties have sold in Heritage Hunt ranging from a 2-bed, 2-bath Condo for $270,000 to a 4-bed, 3-bath, and 1-half bath Detached for $740,000.Heritage Hunt Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 10 homes sold in Heritage Hunt. The average sold price was $469,475 and the average days on market was 30 days.  Sell Your Home in 72 Hours for Thousands...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Hopewells Landing neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Hopewells Landing Home ValuesIn the past 6 months, 10 properties have sold in Hopewells Landing ranging from a 4-bed, 3-bath, and 1-half bath Detached for $515,000 to a 5-bed, 4-bath, and 1-half bath Detached for $555,000.Hopewells Landing Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 3 homes sold in Hopewells Landing. The average sold price was $540,833 and the average days on market was 20 days.  S...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Lake Manassas neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Lake Manassas Home ValuesIn the past 6 months, 14 properties have sold in Lake Manassas ranging from a 3-bed, 4-bath, and 1-half bath Townhome for $531,100 to a 5-bed, 5-bath, and 1-half bath Detached for $1,230,000.Lake Manassas Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Lake Manassas. The average sold price was $531,100 and the average days on market was 42 days.  Sell Your Home in 7...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Lawnvale Estates neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Lawnvale Estates Home ValuesIn the past 6 months, 3 properties have sold in Lawnvale Estates ranging from a 4-bed, 3-bath Detached for $495,000 to a 4-bed, 3-bath, and 1-half bath Detached for $615,000.Lawnvale Estates Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Lawnvale Estates. The average sold price was $495,000 and the average days on market was 10 days.  Sell Your Home in 72 Hou...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Madison Crescent neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Madison Crescent Home ValuesIn the past 6 months, 12 properties have sold in Madison Crescent ranging from a 3-bed, 2-bath, and 1-half bath Townhome for $274,000 to a 6-bed, 5-bath Detached for $536,000.Madison Crescent Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 2 homes sold in Madison Crescent. The average sold price was $362,000 and the average days on market was 19 days.  Sell Your Home in 72 Ho...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Meadows At Morris Farm neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Meadows At Morris Farm Home ValuesIn the past 6 months, 20 properties have sold in Meadows At Morris Farm ranging from a 3-bed, 2-bath, and 1-half bath Detached for $360,000 to a 6-bed, 5-bath, and 1-half bath Detached for $729,999.Meadows At Morris Farm Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 2 homes sold in Meadows At Morris Farm. The average sold price was $569,499 and the average days ...
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By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
This is a snapshot of recent sales in the Parks At Piedmont South neighborhood of Gainesville, VA. Real estate market data and analysis is provided by Peggy Yee, Realtor. Click here to sign up for my free monthly real estate market update.Highest and Lowest Sold Parks At Piedmont South Home ValuesIn the past 6 months, 8 properties have sold in Parks At Piedmont South ranging from a 3-bed, 2-bath, and 1-half bath Townhome for $253,000 to a 3-bed, 2-bath, and 2-half bath Townhome for $395,000.Parks At Piedmont South Neighborhood Real Estate Market ActivityThese market activity gauges show the market trends for the previous month as compared to the 5-year average of the current month. In December 1 homes sold in Parks At Piedmont South. The average sold price was $259,000 and the average d...
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