Archives: December 2021

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Do the Holidays Affect Real Estate?

There are certain things the holidays are suitable for. They tend to bring out the best in us. It’s a time for family, sharing, all those warm moments that tend to be forgotten about under the sometimes grueling regime of everyday life. However, they might not be the best for some other things. For one, the holidays don’t seem to have a favorable stance towards your weight loss program. They also seem to adversely impact the contents of your wallet. What we want to know is how do the holidays affect real estate? Is it wise to place a delightful one-story ranch with a fully furnished basement under the Christmas tree, or is it best left for warmer days? For the TLDR readers out there, the answer is yes. For those who don’t know the acronym or want a little more insight, let’s take a closer look together!

Caroling or Shopping

There are plenty of Christmas holiday activities to try in Virginia, and buying or selling a house is one of them! If you delve a little deeper into human behavior, you understand why the holidays are an interesting time. On the one hand, many people will be partaking in the holidays themselves. So, instead of looking at open homes, they will be caroling. I use this as a simple example to express the differences that will emerge in the way people act. Most people will enjoy the time-off and use it to unwind. However, a smaller but rather dedicated contingent of well-motivated individuals will not cease with their prior activities. They will continue to look for that perfect home. Serious sellers will keep their properties listed and welcome all new offers. Why would they choose to do this? Because they know the score. Less competition means a jollier time for those involved. No bidding wars and smaller chances of losing the offer. Most statistics point to the fact that demand wanes right before and during the holidays. You have one guess as to when it spikes again. Using that little pocket of calm to your advantage seems prudent.

Ariel shot of tent lot at Virginia Key Beach Park
Look at it this way, whilst all these people are partying in temporary tents on Key Beach Part, you could be finding your permanent dream home

Serious Offers Only Please

How many times have we seen this written in any kind of advertisement? So many times that it has lost all meaning. Of course, you are looking for a serious offer; nobody wants to waste their time. If only you could do that for the house you are trying to sell. The spring and summer have a jam-packed inventory, with all kinds of properties on sale. It makes sense, too; there are plenty of buyers out there. The problem is, some of them are just perusing. Going to open houses, weighing their options, maybe even killing time. Not an ideal scenario. Now go back to what we touched upon in the previous section. During the holidays, you only have serious buyers and sellers. Anybody willing to forego holiday laziness (a term I just coined, not to be understood as anything derogatory, but presenting well-deserved rest) means they are on a mission. If you are looking at a condo while the wind is blowing and the rain is falling, you are seriously considering buying it. Therefore, listing your home with a reliable company during the holidays could be the right thing to do! If sellers are accommodating enough to show you their property and are not selling it during the ‘prime’ season, it means they really need to sell.

Georgian style house in Virginia
The spring is more appealing, but the holiday season offers hidden incentives that could tip the scales in your favor!

Low Temperatures, Low Interest Rates

I’ll start by saying this isn’t a guarantee. There are no certainties when it comes to economics, finances, love, lucky numbers on a lottery ticket, and pretty much life in general. Still, all we can do is look at trends and hedge our bets accordingly. Don’t worry; there is some science behind all of this. As always, all the headings are somewhat interlinked. It is a sort of holiday domino effect if you will. Holidays and colder weather mean people, by and large, postpone their house-hunting activities. This leads to a decrease in demand. Therefore, fewer loans are being taken out. As financial business declines, it’s time for those all-important incentives. Interest rates are lowered, financing becomes more favorable, and those still in the game are suddenly privy to a nice little monetary advantage. You can use those savings to call up Allstate Moving and Storage, and they’ll have you in your new home before you can say ‘pumpkin pie’!

Do the Holidays Affect Real Estate? Let’s See What Taxes Have to Say

Believe it or not, there are tax benefits to be had as we start to round off the year. Let’s say it together – this is not a guarantee. A lot depends on your financial situation. However, if you itemize deductions when you purchase a home, you could be able to save some money. Mortgage interest rates and property taxes, to name just some, could be deductible. If the house is not being bought for the sole purpose of being a home you will live in, but rather an investment asset where you will run a business, further deductions could be possible. This is a little hidden nugget that the holiday season offers.

Take Advantage of the Pretty

There is an almost indirect effect of the holidays on the real estate market. Just think about your interior. We tend to tidy up, put up beautiful decorations, and make a cozy atmosphere. One that is warm and welcoming. Almost as if you had purposefully prepared your home for an open house showing. How fortunate.

Furthermore, you can take steps to make your home even more enticing. With the interior taken care of, if you planned a little ahead, the exterior could be attractive as well. After all, this is the first thing buyers see, and first impressions are essential. If you improve the curb appeal of your Virginia home through the applications of affordable projects, there is no way any buyer will be able to resist!

White concrete building with red roof
Do the holidays affect real estate? If you use the charm of the holidays to make your home as inviting and cozy as possible, they do!

Happy Holidays and Happy House Hunting!

To summarize, do the holidays affect real estate? Yes, yes, they do. Nothing has changed there. It’s just about a few nuances and understanding why this is so that you can utilize this to your advantage. After all, skipping one holiday really is worth it if it ensures you can celebrate the next twenty in your dream home. So put down that eggnog and search for the ideal home – you’ll be glad you did it!

Pictures used:

https://unsplash.com/photos/e9jV1ZyrOmg

https://unsplash.com/photos/YuR4iKgPOGA

https://pixabay.com/photos/house-virginia-georgian-home-176988/

https://unsplash.com/photos/218VIkNIxjg

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 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, 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.

Jurassic Quest at the Fredericksburg Expo and Conference Center!

Tickets are selling quickly, be sure to reserve your spots now! Coming THIS January 21st through 23rd, 2022 at the Fredericksburg Exp & Conference Center will be Jurassic Quest, the largest and most realistic traveling dinosaur show in North America. There will be rides, activities, and more dinosaurs than ever before. The do expect tickets to sellout, so buy in advance to guarantee your time slot. Timed entries are required and allow all guest to enjoy their Quest in a safe and accessible self-paced environment, especially during these times. The average length of stay per quest is 2 to 3 hours and re-entry is not permitted. Their dinosaur exhibit includes OVER 100 dinosaurs that are true-to-detail and size. Among the dinosaurs you will find, a 50 foot long Megalodon, 60 ft long, Spinosaurus, 80 ft long Apatosaurus and their Gigantic LIFESIZE T-Rex! The rides include walking dinosaur rides and stationary dinosaur rides. Plan to pack socks for the kids if they will be jumping in the inflatables! Face masks will be required; please visit their website here for any questions, concerns, and to purchase tickets and packaged deals.

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 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, 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.

Winter Reading Program for Adults by the Culpeper County Library!

Sponsored by the Friends of the Library, they are offering prizes for the Winter Reading Program for adults aged 18+.

During January 3rd through February 5th, when you are 18+ and have an active adult Culpeper County Library Card, you may receive 1 raffle ticket entry per book or audiobook that is fiction/non-fiction with a winter or cold theme or as part of the title, in addition to part of their in-library or e-collection (Overdrive/Libby or Freading). Get your raffle ticket and drop it off at the Circulation Desk at the Culpeper County Library (271 Southgate Shopping Center, Culpeper VA 22701). Visit their Facebook page for the most up-to-date information!

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 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, 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.

Fredericksburg, Virginia restaurant week

First Semi-Annual, Fredericksburg Restaurant Week is January 14-January 23, 2022!

Support your local businesses and delicious non-chain eateries in your community during their special priced and selected menu, restaurant week. Fredericksburg hosts this event semi-annually during Summer and Winter, and now has participating restaurants all over the city! Try Fredericksburg’s unique food scene during this opportunity to sample the best of the ‘Burgs local eats! This is a great event for those who already love our local restaurants or those who have been wanting to try them out. Click here for the complete list of participating restaurants and their special select menu.

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 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, 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.

snowball fight frednats fredericksburg virginia

Fredericksburg Snowball Fight Melee at FredNats Stadium–Rescheduled!

The Snowball Fight Melee has been rescheduled to 2-19-22 due to icy field conditions. If you would like a refund because you cannot attend that date, please call 372-1086. 

Visit the Fredericksburg Nationals stadium (located at 42 Jackie Robinson Way, Fredericksburg VA 22401), Saturday January 15th, 2022 from 3pm – 5pm for a snowball fight! This event is held snow or shine and children under 10 years old must be accompanied by an adult the whole time. The snowball fight will be a free for all! There will be a kids area for children 10 and under to play safely. There will also be an organized snowball fight following the melee. The field will be split into 2 teams and the side with the least visual amount of snowballs on their side within 5 minutes wins the battle! There will be a variety of mini games to place like the snowball bucket toss, the snowball chin race and the snowball cup tower knockdown. Tickets must be purchased online as pre-registration is required. Admission is $3 per person or $5 for two people. Purchase tickets here and call 540-372-1086 for more information.

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 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, 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.

35295 Wilderness Shores Way, Locust Grove VA 22508 Offered for Sale by the Licata Group EXP Realty LLC

35295 Wilderness Shores Way, Locust Grove, Virginia 22508 SOLD by the Licata Group Exp Real Estate Advisors!

Welcome to 35295 Wilderness Shores Way! As you pull into the driveway, you will notice the amazing front porch and paved driveway that welcome you. Once you go inside, you will love the archways that you go through for each room and see that the kitchen is spacious with all the amenities for the chef of the family. On those cold nights, cozy up to the wood-burning fireplace in the living room. The flex space that the main level offers will delight you, keep it a formal dining room or make it an office. As you walk through to the upper level, you will love the owner’s suite that is spacious and boasts an en-suite bath, three additional bedrooms, and a full bath. Relax on your spacious deck with your favorite beverage or cookout and entertain family and friends. The level backyard will make gardening and playing a breeze. The home features paramount windows with a lifetime warranty, new gutter guards, and a new garage door. Also, the house has an ADT security system with cameras on the outside already installed. You will fall in love with the Wilderness Shores subdivision. Centrally located between Culpeper and Fredericksburg and 30 mins from the town of Orange!

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 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, 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.

Upgrade Your Home’s Style with Top Design Trends for 2022

At the beginning of each year, interior designers strive to predict the décor trends that homeowners will gravitate towards in the coming months—and if your home is on the market, incorporating some of these trends may be a great way to appeal to buyers.

Currently, many recent and emerging design trends have been shaped by world events, such as the ongoing supply chain issues. For example, here are a few of the top trends that experts predict will be popular in 2022:

– Multifunctional spaces. Over the past several months, many people’s homes have served numerous roles: shelters, offices, classrooms, leisure spaces, and more. As working from home remains common, buyers may want to see that your rooms can comfortably be used for multiple purposes. For instance, even if you don’t have a full home office, consider setting up a workstation or showcasing multifunctional furniture.

– Neutral colors. Another trend that designers attribute to the pandemic is a preference for neutral colors, which help create a calming haven while the world remains in flux. If you’re planning to add new colors to your home—whether through painting, furniture, or accent pieces—opt for earth tones, such as beige, gray, white, and soothing shades of brown and green.

– Natural elements. In keeping with the trend towards earth tones, homeowners are increasingly bringing elements of nature indoors, such as plants, natural light, and ventilation. Consider purchasing a few easy-to-maintain houseplants, such as snake plants or pothos, and ensuring that trees and shrubbery near your windows are properly trimmed so there is nothing obstructing the sunlight.

-Vintage items. There are two main forces driving the affinity for vintage items: a growing focus on sustainability, and supply chain issues that are making it more difficult to purchase new goods. Luckily, quality vintage décor and accessories are generally easy to find at thrift stores, flea markets, and online marketplaces.

sources: thespruce.com

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 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, 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.

331 Stratford, Lake of the Woods Virginia 22508 For Sale at $279,900 by the Licata Group EXP Realty

331 Stratford Cir, Lake of the Woods, Virginia 22508 SOLD by the Licata Group Real Estate Advisors EXP Realty LLC

Come see what lake life is all about! Imagine being within walking distance to the nearest beach, Greensprings Park, and convenient to the members-only back gate! These are just a few reasons why this is the one! Enjoy one-level living with brand-new laminate, a spacious living room with a wood-burning stone fireplace, cathedral ceilings and sought-after split bedroom design. The kitchen features plenty of space to spread out with all the amenities. Flex space is needed today more than ever, and that’s just what you have in this move-in ready home; make it an office, family room or dining area…your choice! You will also love the owner’s suite with walk-in closet and en-suite bath. Relax on your screened porch or deck with your favorite beverage and enjoy a meal overlooking a treed and private backyard, or entertain family and friends.

331 Stratford, Lake of the Woods Virginia 22508 For Sale at $279,900 by the Licata Group EXP Realty

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, water skiing, 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 $200,000 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 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, 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.

WATERFRONT, SOLD in Lake of the Woods, Virginia 22508 by the Licata Group Real Estate Advisors Exp Realty LLC

Welcome to the waterfront lifestyle that 225 Harpers Ferry Drive delivers! If the most incredible, expansive main lake views, spectacular sunrises, and 260 feet of deep, clean water are what you crave, then you will fall in love! Relax and soak in the sun or entertain on your own deck or dock! Bring your boat and all of your water toys and start living the lake life! This spectacular home features views, views, and more views from most rooms, an open floor plan, hardwood floors on the main level, and a living room with a cozy stone fireplace. The gourmet kitchen boasts granite counters, stainless steel appliances, and opens to the deck! The upper level offers two generously-sized bedroom suites with en-suite baths, two additional large bedrooms and another full bath!! Combine all of these features with plenty of storage space and a two car garage, you’ve found your perfect place at the lake! Just imagine the memories you will make at this awesome waterfront home!

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, water skiing, 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 $200,000+ 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 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, 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.

What to Expect in the 2022 Real Estate Market

Key Takeaways:

  • Many of the dynamics seen in 2021 will carry through into next year’s housing market, but at a much less frenzied pace.
  • As remote work becomes a more permanent, widespread option, Millennials are taking advantage and entering the real estate market.
  • We’re ready for another seller’s market. Like last year, there isn’t time to waste—contact us to start planning now!

What Buyers and Sellers Need to Know About the 2022 Housing Market

In the final few weeks of 2021, both home buyers and sellers look forward to what lies ahead in 2022. We can help build your strategy to stay competitive! Don’t wait for the real estate market to heat up during the spring and summer. Here’s what you need to know to get ahead of the competition next year.

First-time home buyers can overcome the challenging market

First time home buyers celebrating

Recent real estate forecasts suggest that competitive will be the defining characteristic of the housing market throughout 2022. That will be especially true for first-time home buyers.

Competing levels of low inventory supply and high buyer demand will continue to hold housing market values at, or above, asking prices. Total inventory will increase by the end of 2022, but it will not be enough to slow the seller’s market.

For first-time home buyers to secure their house, they need to start early and expect competition. On a positive note, low interest rates can help new homeowners build equity faster.

Millennials are working remotely and finally buying homes

Millennials buying homes

A lot has changed in these last two years. Buzzwords like “the new normal” were everywhere, along with speculations about how people lived, worked, and commuted were going to change. As we enter into 2022, we now have data reports and are beginning to see how these changes affect the housing market.

The ability to work remotely is helping the more than 45 million Millennials that make up the fastest growing segment of buyers. After an uphill battle, they’re entering the prime first-time home buying age range of 26 – 35, and changing the real estate landscape.

Millennials are leaving the glamour of big city life to take advantage of more affordable housing markets in suburbs and rural areas. As long as they have internet access, their salary remains the same. And unsurprisingly, 99% of them use technology to research the home buying market.

With 90% of managers and employees reporting that they’re happy working from home, and productivity increasing by as much as 47%, remote work is here to stay. The new normal will also create new investment opportunities as companies seek to reduce their office sizes.

Low inventory stretches into the new year

Low housing inventory

After years of underbuilding, housing supply shortages will continue to be a dominant feature of the market next year. One of the most significant factors that will carry over immediately from last year is low inventory supply.

Available housing will remain tight throughout the year. While that will generate some stress, it will also drive home values higher. Estimates of continued home sales growth will be 6.6%.

While housing inventory levels will remain lower than their pre-pandemic levels throughout 2022, a modest 0.3% growth in inventory should be enough to keep market prices from spiraling even further upward.

Sellers remain in control of the market

Person selling their home

As we look ahead to 2022, some clear realities for the housing market begin to appear: it will remain a seller’s market. Interest rates continue to hover around a record-low 3%, providing incentives for sellers to upgrade to a larger home for a lower monthly payment.

After the refinance boom in 2020, homeowners are still in an advantageous position. With home sales expected to hit their highest level in 16 years due to Millennials entering the housing market, sellers sit in a very good position to profit. If accurately priced and, more importantly, if houses are in great condition with upgrades throughout, the real estate market will continue to be a boon for sellers.

Be Prepared for a Competitive Year

The new normal in 2022 turns out to be an old adage: the early bird gets the worm. We have the experience and can move quickly to make sure you stay competitive, regardless of whether you’re buying or selling. Contact us today to make your plan for the new year!

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 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, 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.