Take Dad out for a nice Father’s Day celebration on June 19th from 12:00 pm – 7:00 pm at Mountain Run Winery located at 10753 Mountain Run Lake Rd. Culpeper, VA 22071! There will be plenty of music and food to spare. So, grab some fine wines and ciders to enjoy while watching the children run around on the playground. They’ll have The Unsuitables for your listening entertainment and Bowles Southern Fried Food Truck to satisfy any munchies hungries you may have after cider and wine! Learn more at: Culpeper Tourism | Events | Father’s Day at Mountain Run Winery (visitculpeperva.com). Come prepared for the best Father’s Day yet!
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.
Do you have a passion to play? A drive to sing? Then come and showcase your talents at Southside Coffee located at 211 Southgate Shopping Center Culpeper, VA 22071!Grab your friends to support you and a local business. Sing your heart out June 9th between 6:00 pm to 9:00 pm! More information at: Culpeper Tourism | Events | Open Mic Night at Southside Coffee (visitculpeperva.com). So, whether you’re coming to perform or coming to watch, enjoy a fun filled night with friends, family and other talented guests!
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.
If you’ve ever bought or sold a home, you’ve probably heard the term “escrow”—but have you ever wondered what it means and what exactly the escrow process entails? Here are a few common questions to help shed light on this important step in the home sales process:
– What is escrow? Escrow is a legal term indicating that a deed, property, deposit, or fund is temporarily in the custody of a neutral third party, such as an escrow company, title company, or law firm. These third parties hold money and the property until all conditions from the purchase and sale agreement have been satisfied and the deal closes.
– What is an escrow account? There are two types of escrow accounts that serve different purposes: one is used during the home buying process to protect a buyer’s earnest money deposit until all conditions of the sale have been met, and the other holds a homeowner’s money for expenses such as property taxes and insurance throughout the life of a mortgage loan. This second type of escrow account can make it more convenient to manage your tax and insurance payments, since your lender will estimate the total annual expenses, add a prorated portion to your monthly mortgage payment, and handle paying the bills when they are due—thereby eliminating the need for you to make large lump-sum payments once or twice a year.
– How long does the escrow process last? Escrow begins when the seller accepts an offer and the buyer provides an earnest money deposit. Typically, the process lasts about 30-60 days until the closing occurs, although the timeframe may vary depending on factors such as issues that arise during inspections or delays with the mortgage lender. At closing, the escrow agent will transfer the deed to the buyer and the earnest money to the seller.
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
3 sold below $250,000.00 3 sold between $250,000-299,999; 5 sold between $300-349,999; 5 sold between $350,000-399,999; 9 sold between $400-499,999; 4 sold between $500,000-$999,999; 2 sold over $1,000,000.
35 Active/Coming Soon Listings for Sale 43 Homes Under Contract 115 Homes Sold since January 1, 2022.
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.
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.
Staycations are one of the most popular trends in travel right now. The definition of a staycation can vary, but the meaning of a staycation is a short break from your everyday routine. A staycation can involve a day or two off of work exploring places or enjoying activities you don’t typically experience in your hometown. Or, a staycation can be a short weekend or weekday trip taken within a few hours’ drive from home. Staycations can win out over regular vacations on a few fronts, including less time off of work, shorter travel distances, less planning, and often less budget.
Taking a staycation can be stress-free and straightforward – here’s how to do it:
– Designate a time for your staycation. You can request a day or two off of work or make your staycation happen on the weekend. Like you would do with a regular vacation, you should block this time off on your calendar to reserve it just for a staycation.
– Decide where you want to go (if anywhere) on your staycation. How far are you interested in traveling? Do you want to stay in your own home or treat yourself to a hotel or vacation rental?
– Plan some fun staycation activities to look forward to. Think hikes, spa days, museums, restaurants, or anything else you’ve wanted to do but don’t generally have time for.
– Leave “real life” behind. Resist the urge to spend part of your staycation cleaning the house or grocery shopping. Don’t schedule a dentist appointment or anything not in the staycation spirit during this time, just because you’re off of work.
If you take a staycation during a weekday, take advantage of everyone else being at work and visit the usually super crowded places during the week. Many businesses offer discounts for services at off-peak times, so you can often find a great deal if you want to treat yourself. Taking even a small amount of time off can benefit your mental health. Staycations are perfect for parents who need a break but don’t want to go too far, people feeling burned out at work, anyone on a budget, couples in a rut, or friends looking for a reunion.
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.
Shifting buyer demand creates lucrative opportunities for decisive sellers
Higher mortgage rates have set fire to this already hot housing market
Don’t delay—now is the time to contact us and get your home on the market!
The current housing market
With a sudden jump in home listings recently, today’s hot housing market has many homeowners wondering if now is the best time to sell. Of course, trying to time the market perfectly is challenging, though if there ever was a time to sell, this is absolutely a great one.
Everyone’s situation is different, but if you’ve been thinking about selling your home lately, contact us today to begin the process and maximize your success.
The supply of homes for sale, explained
Compared with last year, the supply of homes for sale jumped 9% in May, which is striking considering the historically low supply of home inventory that has defined the US housing market this year.
As sellers rushed to put their properties onto the market and cash in their equity gains, new home listings rose nearly twice as fast as a year ago in May, while pending home sales fell by almost 4% in April. And with sales of newly built homes dropping by a much broader 16% compared with March, this marked the sixth straight month of sales declines.
To fully appreciate this drop-off, consider that this softening in demand for housing marks the greatest slowdown on record in nearly a decade.
Home sales are slowing because mortgage rates have risen sharply since the start of the year, with the most significant gains coming in April and early May. The average rate on the 30-year fixed mortgage started the year close to 3% and is now well over 5%, causing new home buyers to slow down a bit.
The reality of rising mortgage rates
While homeowners and homebuyers certainly enjoyed locking in 30-year fixed mortgages at the historic low of 2.68% in December 2020, this is far from the norm. It was only a few years ago, during the decade of the 2010’s, that mortgage rates averaged between 3.45% to 4.87%—not that far off from today’s average of just over 5%.
If you step back even further in time, the absolute highest mortgage rate was a whopping 18.45% in 1981! Like today, that was due to the Federal Reserve raising the federal funds rate to combat inflation, causing mortgage rates to spike. But unlike potential homebuyers in 1981, we have good news on the horizon, as we’re seeing mortgage and refinance rates start to decline for the first time in weeks and the economy showing signs of stabilizing.
An overdue housing market correction
If you’re still worried about the housing market, you don’t need to. The good news in these reports is that homes are still selling, and in many cases, they’re still selling above their asking price. The housing market is cooling down due to a lull in buyer demand. However, this cooldown is a much-needed correction to what has been a short-term housing market fueled by the pandemic.
The critical difference in the market now is that with fewer buyers competing with one another over available housing, home prices rose another 21% in May, meaning equity gains are still there for homeowners. And if you’re looking to sell to downsize and lower your monthly expenses, you’ll be perfectly positioned to find your ideal home with fewer buyers competing with you in the market.
Sell Now for Your Best Return
If you’re considering selling your home, this may be the best possible time to list. With a trusted, experienced real estate team behind you, you can rest easy knowing that we’ve seen the ups and downs of the market over the years. You can always make a smart move, so contact us today to discuss your options!
