Tag Archives: real estate

market stats 2018

November 2019 Market Statistics

In November, 16 homes sold in Lake of the Woods.
3 sold under $200,000; 6 sold between $200-250,000;
2 sold between $250-300,000; 4 sold between $300-400,000;
0 sold between $400-550,000; 1 sold above $550,000.

63 Active Listings for Sale
24 Homes Under Contract
283 Homes Sold since January 1, 2019.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

Alluring Waterfront at 416 Wilderness Drive For Sale in Lake of the Woods VA Now UNDER CONTRACT!

Spectacular sunsets are always the perfect ending to an amazing day at the lake! Fantastic views and a meticulously renovated home have meshed to provide the perfect opportunity that you will want to claim as your own. The finest finishes on the interior, open floor plan, walls of windows and doors, expansive deck, balcony, patio, electric boat lift, private dock, and two double car garages leave nothing to be desired. So let’s get this lake life started! If you care to venture away from your private oasis, Lake of the Woods offers golfing, trail rides, dining, and so much more!

A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Three Open Houses Happening This Weekend, 11/16-11/17/2019!

Join us this weekend as we show of three of the most gorgeous homes that you are guaranteed to fall in love with. 119 Monticello Cir and 308 Wilderness Dr will be held on Saturday, 11/16 from 1-3 PM in Lake of the Woods, and 4747 Arlington Blvd on Sunday, 11/17 from 1-4 PM in Arlington. If you would like to learn more, be sure to click on the addresses below!

119 Monticello Cir, Priced at $324,900

308 Wilderness Dr, Priced at $334,900

4747 Arlington Blvd, Priced at $750,000

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

market stats 2018

October 2019 Market Statistics

In October, 24 homes sold in Lake of the Woods.
2 sold under $200,000; 6 sold between $200-250,000;
10 sold between $250-300,000; 3 sold between $300-400,000;
1 sold between $400-550,000; 2 sold above $750,000.

64 Active Listings for Sale
36 Homes Under Contract
263 Homes Sold since January 1, 2019.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

Helpful Tips for Selling Your Home during the Busy Holiday Season

Get ready to hang the lights, deck the halls, and spread some cheer—the holiday season is almost here! Juggling the holidays along with a home sale might be sound impossible (or at the very least, stressful), but we’re here to help you find the best way to balance both.

Here are our top 4 tips for navigating your home sale during the holiday season!

Use Decor to Your Advantage

Snowmen and twinkling lights set up as holiday decor for home sellers.

You don’t have to go all out with holiday decor, but a little seasonal warmth sprinkled here and there goes a long way! Hang some white lights along the staircase, add a wreath to the front door, and string some garland along the mantel. If you do opt for a tree, you’ll want to make sure it doesn’t crowd the room—perhaps even consider a tabletop version.

Bonus tip: scent is the sense most closely tied to memory, so use that to your advantage to appeal to buyer nostalgia! Bake some cookies beforehand, warm up a pot of cider, or light a few seasonally scented candles.

Be Flexible with Showings

A welcome sign hanging outside of a home being sold.

While you’ll probably have a busy schedule over the next month or two, you should make sure it doesn’t affect your availability for buyers too much. One of the biggest reasons people hold off on selling during the holidays is because they can’t be around to prepare their home…but intentionally making room in your schedule will make the whole process much simpler!

If you usually host a holiday party, consider asking a friend or relative to step in for you. If you’re traveling, try not to be gone for too long, and make it clear to your agent and any potential buyers when you’ll be back.

Work with a Home Stager (or Get Tips from Your Agent)

A modern coffee table decorated by a home stager.

If you either: A.) really don’t have time to stage or B.) don’t want to take any risks on your home not looking its best, then working with a qualified home stager is a great option! You might be skeptical, but home stagers have been specially trained and certified to optimize your space with the right decor and furniture—which often leads to faster and more profitable sales.

It’ll also take one more stressful task off of your plate, giving you more time to plan for the upcoming festivities. If you want a few recommendations for home stagers, just give us a call. Of course, we can always do a walkthrough of your home and offer personalized tips and DIY projects, if you’d prefer that!

Practice Smart Marketing

Two women meeting over a marketing plan for holiday home sellers.

Marketing a home is the key to reeling in the right buyer. It’s even more important during the holiday season, since fewer—but more serious—buyers are on the hunt. That’s where working with an agent really comes in handy! You can sit back, relax, and plan for the holidays, while we take care of getting the word out about your home through our comprehensive marketing resources, including our website, social media platforms, local advertising, professional contacts, and more.

And, of course, we’ll crunch the numbers and do the research to ensure that your home is priced at the best number for your interests.

List Your Home this Holiday Season

Balancing a home sale and the holidays can be stressful…but not if you work with a professional! Enlist our help, and we’ll be around to carry some of your workload, reduce your stress, and sell your home for top dollar—and answer any and all of your questions along the way. Ready to list your home? We’re just a phone call away!

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available properties, please visit our website licatagroup.com

Fabulous Forest Brick Home in Arlington, VA! 4747 Arlington Blvd Now UNDER CONTRACT!!

A lovely Arlington Forest brick home gives you a warm welcome to the neighborhood. A large fenced in yard can accommodate your family and gardening adventure. An exterior shed provides you with all the storage you~ll need for the grill, tools and lawn mower. Newly refinished hardwood floors and paint throughout the home give you the canvas to create a space for all to enjoy. First and second floor bedrooms give you additional space for a home office. The fully finished basement is an ideal for gathering space friends and family. With a fully finished bathroom on every floor, this home is easy to use. Additionally when you visit, you~ll notice the highly desirable commuting location is with great walkability to parks, neighborhood pool and shopping. This active community is minutes away from DC and Arlington attractions. Making it ideal for airport access and work travel requirements. For more info about this property, Click Here!

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available properties, please visit our website lakeofthewoodsvirginia.com

Things Every Real Estate Agent in Virginia Needs to Know

Buying a property in Virginia can be a great experience if you are lucky enough to find the professionals who can help you do it. Virginia is a state where rural and urban make a unique scene making sure that you can find whatever you search for. However, bear in mind that there is a long way from having an idea to move to Virginia to actually making the final decision and signing the necessary papers. There are some specific rules you need to be acquainted with, so you will need some help from a realtor. Here are some things that every real estate agent in Virginia needs to know.

Before hiring a realtor

Here are some things that you should know about working with a real estate agent in Virginia:

  • Let’s start with some good news – usually, the seller pays the commission which is divided between a seller’s and a buyer’s agent.
  • You should always check whether the agent you want to hire is licensed to do the job. Don’t rely on customer reviews on websites only and always ask for personal referrals.
  • Before you hire a real estate agent, you should try to figure out what you are actually looking for. Make a list of all the characteristics that you expect your new home to have. That will make yours and your realtor’s job much easier. While at it, you should decide what you are going to do with the possessions you are not planning to relocate. This might seem like thinking too far ahead, but it isn’t. Once you find the home that you want to buy or rent you will be too busy dealing with paperwork, credits, and inspections. The solutions for storing furniture in Virginia will probably be the last thing on your mind. A tip: Find and book them in advance!
Buying a property is probably one of the greatest investments you’ll have

Every real estate agent in Virginia needs to know the statistics

Numbers and figures are something that every real estate agent just has to know no matter where he/she lives and works. Virginia is a huge real estate market with a lot of great listings so that everybody can find the property they are searching for, be that a flat, an urban home, a ranch or a vacation home. The Commonwealth of Virginia has it all!

At the moment, Virginia real estate market is very hot. The average time that a home stays on the market before being sold is 64 days. The hot market also means that over the past year, the prices of listings have gone up 4.3%. The median home value in the state at the moment is $264,200. Moreover, the predictions are that, within the next year, the price will rise as much as 2.8%. The median value that the sellers in Virginia expect to get for their property is $310,325. On the other hand, the average amount that people are paying for their home in the state is $269,900.

The average rent in Virginia is somewhere around $1,700 per month.

A good realtor is expected to know the history of listings they are showing

Buyers are curious, especially when they are about to make such an investment as buying a property. And, who can blame them? Besides the common facts that the realtor is expected to know about the property he/she is trying to earn on, here are some of the questions that buyers in Virginia tend to ask:

  • Was this property the site of a meth lab and if so, was it cleaned properly and in accordance with the regulations?
  • Are there any defects to the drywall in the house?
  • Is this place within the area of military air installation? – It might sound silly, but these are the questions that a real estate agent in Virginia just has to be able to answer.
Whatever you are searching for, a good real estate agent in Virginia will help you find it

And, a lot more

More details about residential property disclosure can be found within Residential Property Disclosure made by the Virginia Department of Professional and Occupational Regulation. Plus, a good real estate agent would have to at least know to point their clients in the right direction where they can find the answers he/she cannot give them directly.

One of the qualities of a realtor that cannot be learned by heart is just being friendly and welcoming to the newcomers wanting to buy a property and stay in Virginia. They will like to know more about the neighborhood and the county wherein they are searching for a place. A good real estate agent has to have some additional info up their sleeve. For instance, they should be informed about the top things to do in Orange County if that is the area of the buyer’s interest. Or, they should have some basic data on local schools in the neighborhood. 

A real estate agent in Virginia needs to be familiar with paperwork a buyer needs to go through

Whether you are a Canadian buying a property in Virginia, or a local citizen moving to another street, you will have a lot of paperwork to handle before becoming an official owner of a Virginia property. What is specific about the real estate market in this state is that a lot is left to the buyer to do. That is where a helping hand from the good realtor is priceless. Other than signing the purchase agreement, you will have to deal with taxes and mortgages. A realtor who always has a good piece of advice when needed is worth their weight in gold. 

There are some more things that need to be done in order for a buyer to completely disclose the purchase. They have to provide the inspection report after having a house inspection done. This is done in order to identify the problems with pests, structure, drainage, mold, electrical, plumbing, heating, etc. Ok, how can a real estate agent help me with that? – you might be asking yourselves. Well, after you get the inspection results, a realtor can help you negotiate the price with the seller.

You will have to sign a lot of papers to disclose the purchase

 Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available properties, please visit our website lakeofthewoodsvirginia.com

fall open house

Double Open House Special in Lake of the Woods, Saturday 10/26 1-3PM!

Join us this Saturday in Lake of the Woods, VA as we show off two amazing homes that you won’t believe are for sale! If you would like more information about wither property being shown, click below!

2405 Lakeview Pkwy Priced at $389,900

413 Birchside Cir Priced at $399,900

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Build in Lake of the Woods! 208 Edgemont LOT Offered at $20,000 in Lake of the Woods, VA 22508!

Start drawing up the plans for your new build and let’s get this lake life started! Build your dream home here on this fantastic half-acre + lot backing to parkland! If you are looking for privacy on a sought-after larger lot, this is it! A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more info, click here!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

A How-To Guide for Buying a house Out of State

Buying a house out of state can be a big bite for many of us. Some are even scared to try, and rightfully so. There are many things that can go wrong even when you are buying a house in your neighborhood, let alone somewhere far away. But, don’t be discouraged. If your mind is set on buying a property out of state, this guide will help you ensure the deal goes smoothly. 

Do a thorough research

It goes without saying that you should do thorough research before buying a home wherever you decide it should be. Don’t rely entirely on your real estate agent. Of course, he or she is there to help you find the best place for your relocation, but there are some things that should be doublechecked. Furthermore, there are some details about the neighborhood that not even your agent is familiar with. Google can lend a helping hand, you just have to know where to search. Arm yourself with patience and start browsing. There are many neighborhood guides that can be very helpful for getting to know a community of your interest. These guides are great because they tell you a lot about local crime rates, employment potential, weather, and economic stability

Always do thorough research before making any big decisions

Start early to avoid stress

Searching for a home to buy is stressful under the best of circumstances, but buying out of state can be incredibly stressful. A house is usually the most expensive thing that people buy, so the process should be performed with the utmost care. You can help yourself a lot by starting the search as early as possible. If you have decided to move, the ideal time to start searching for your new home is six months before the due date of your relocation. Three months is also a doable period, but don’t let yourself start a search later than that. 

Be careful when choosing an agent for buying a house out of state

When you decide to relocate out of state, you need to find a real estate agent who will do most of the work for you. And, there is a lot of work to be done. An international move often means a lot of paperwork, so some people are not sure whether they should hire a real estate agent or a lawyer when buying a property.

The best decision you can make is to hire a buyer’s agent in the state you are relocating to. Do not ask a listing agent to represent you since he or she will probably represent the seller. In that case, their job is to sell a certain property for the biggest amount of money and they only have the seller’s best interest in mind, not yours. So, you should choose a buyer’s agent

A good buyer’s agent is your biggest help

How do I choose a buyer’s agent for buying a house out of state?

The buyer’s agent is definitely a better option than a listing agent, but still, you shouldn’t pick one randomly. Instead, you can discuss it with a real estate agent in your present community. Find one that you trust and ask him/her to refer a colleague from the area you’ll be moving to. If the real estate agent is a member of the National Association of Realtors, he/she will have access to various databases. They can even see their colleagues’ success rates. By getting a referral, you can ensure that you do not become a victim of various realty scams. 

Hire a relocation specialist

Have you heard of relocation specialists? No, that is not the term used for professional movers such as Gibraltar Van Lines who can help you relocate wherever and whenever you feel like. A relocation specialist is a person who can help you with many aspects of your move. The only thing that they do not do is negotiate your home purchase. However, they can:

  • help you find a real estate agent to start home-hunting;
  • connect you to moving companies;
  • give you the necessary details about the education and employment system in your future home town;
  • help you sell and close on your current home which is an important part of the procedure you have to go through when buying a house out of state.

It is a common practice for companies that are relocating to hire relocation specialists. That is why many people do not know they are available to individuals as well.

Take a trip and get an inspection of your potential home if you can

If you are buying a house out of state you will probably not be able to go to every showing in person. What you can do is ask your agent to give you a virtual tour of the houses that you have shortlisted. Speaking of such tours, don’t fall for online virtual tours because they are usually a part of a moving scam. 

When the time comes for you to make an offer on the house, you should really make an effort and see everything in person. There are many things that even the best real estate agents will not notice. You will be able to feel the space, and that is something no virtual tour or agent’s descriptions can replace. And you wouldn’t want to make a mistake when making such a crucial decision as buying a house out of state, would you? 

Try to go and see the property you are interested in buying in person

Many sellers would work on some features that make their home sell faster while neglecting some major issues about their property. That is where a home inspection comes in handy. It might be a burden to your budget, but at least you will know what you are dealing with. 

Close on your current home first

If the out-of-state closing is scheduled on the same day as the closing on your current home, you might have a problem. The lender for your new house must receive a closing statement from the old one. The best thing you can do is schedule the closing on the new house a few days after the closing on your current one.

 Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available properties, please visit our website lakeofthewoodsvirginia.com