Archives: April 2023

102 Appomattox Place, WATERFRONT, Lake of the Woods Virginia UNDER CONTRACT by Licata Group EXP Realty LLC!

Welcome to your dream waterfront oasis! This is no cookie-cutter and is full of charm. This stunning house boasts cathedral ceilings and wooden beams throughout the main level, creating a warm and inviting ambiance. The main level living room is the epitome of comfort with a brick gas fireplace and breathtaking water views that extend from the living room to the dining room. The gourmet kitchen is a chef’s delight, featuring a breakfast bar, ample cabinets, and granite countertops. The main primary bedroom is a tranquil retreat, flooded with natural light from large windows, and offers a luxurious ensuite bath with granite countertops and a tile stall shower. Bedroom 2 is spacious and the hall bath features a convenient shower/tub combo and granite countertops. To complete the main level, step outside onto the massive deck that spans the back of the house, perfect for entertaining or enjoying peaceful moments overlooking the water. The spiral stairs lead you down to the lower-level patio that seamlessly extends the living space of the house. The lower level is a true entertainer’s paradise, featuring a family room with coffered ceilings, a built-in dry bar, and mesmerizing water views. Two additional bedrooms (not to code) share a full bath with a stall shower and vanity with granite countertops. One of the bedrooms features built-ins and water views when the double doors are open. There’s also a spacious hobby/flex room with built-ins and water views, as well as a laundry room for added convenience. Car enthusiasts will love the 2-level garage. The four-car garage has two top parking and two bottom parking spaces and is equipped with built-ins and extra storage, providing ample space for all your needs. The house sits on a double lot and features a boat lift, a dock, and a sprinkling system, making it a boater’s paradise.

Don’t miss this rare opportunity to own a waterfront gem with unparalleled features and breathtaking views. Come experience the ultimate waterfront lifestyle in this exquisite home! Located in 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 volunteer 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 what’s to love in Lake of the Woods!

Everything You Need to Know About Closing Costs

Key Takeaway:

  • Closing costs are a part of every real estate sale
  • There are many variables that determine the price of closing costs
  • Ask your local real estate expert for specifics about closing costs

When you’re buying or selling a home, it’s important to understand what closing costs entail. Closing costs are expenses and fees that need to be reconciled before the sale can be finalized. These costs typically include appraisal fees, survey fees, title costs, credit report fees, loan origination fees, underwriting costs, recording fees, and taxes. However, the specific costs may vary depending on your region and the terms of your contract. As your real estate professionals, we can provide you with a detailed breakdown of what will be included in your closing costs based on your specific situation.

How Much Are Closing Costs?

calculating costs on calculator

The amount you’ll pay in closing costs can vary depending on factors such as the price of the home and the type of loan you’re using. On average, you can expect to pay around 2% to 5% of the purchase price of your new home. However, it’s important to note that there are options for assistance. You may be eligible for homebuyer assistance programs or closing costs and down payment assistance from the U.S. Department of Housing and Urban Development (HUD). These programs can provide grants that do not need to be repaid or loans with manageable repayment plans. We can provide you with information about these programs and help you explore your options.

Who Pays Closing Costs?

handing over a stack of $100

It’s important to note that closing costs are not solely the responsibility of buyers. Sellers may also have their own costs to cover, such as broker’s commissions, outstanding HOA fees, and property taxes. However, these costs can be negotiated, and we can guide you through the process of determining who pays what in the final contract.

Learn More About Closing Costs

handing over keys

As your real estate professionals, we’re here to make the home buying or selling process as smooth as possible. We’re available to answer your questions, provide expert guidance, and ensure that you understand all aspects of the closing costs. If you’re ready to buy or sell a home, or if you have any questions about closing costs, please don’t hesitate to reach out to us. We’re here to help you achieve your real estate goals!

208 Washington St, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC

Welcome to this charming colonial home, nestled in a picturesque neighborhood, boasting main-level living with five bedrooms and two baths. As you step into the home, you’re greeted by a warm and inviting atmosphere. The main level features a spacious and functional floor plan, with a bedroom conveniently located near the laundry room and full bathroom. This bedroom can serve as a private retreat, perfect for multi-generational living, or can be utilized as versatile flex space, such as a home office, playroom, or additional living area. The heart of the home is the living area, featuring a cozy fireplace and large windows that bathe the space in natural light. The well-appointed kitchen makes it a perfect spot for family gatherings and entertaining. As you venture to the second floor, you’ll find four additional bedrooms, providing plenty of room for family and guests. The bedrooms are bright and spacious, offering comfort and privacy. The shared bathroom is conveniently located to serve all the bedrooms, making it functional and practical for daily living. One of the standout features of this home is the location! A short walk takes you to lake access at a marina, where you can enjoy picturesque views and fishing. Cornwallis Beach, is also within walking distance, offering endless opportunities for relaxation and fun by the water. Whether you’re looking for a multi-generational home, a place with options for flexible living spaces, or a serene location near the marina and beach, this colonial home is a must-see. Don’t miss the opportunity to make this house your dream home!

Located in 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 volunteer 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!

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 contacting Pat Licata.

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

104 eagle ct, locust grove virginia 22508

104 Eagle Ct, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC

Welcome to this charming Dutch colonial home nestled in a serene setting, offering a warm and inviting atmosphere for you and your family. Step inside and be captivated by the beautiful hardwood floors that flow seamlessly throughout the main level, adding a touch of elegance and timeless appeal. The heart of this home is the gorgeous eat-in kitchen, complete with granite countertops, stainless steel appliances, and a six-burner gas stove, making it a chef’s dream. The spacious living room is perfect for gatherings and boasts a formal dining room for special occasions, creating a perfect setting for entertaining guests. One of the main level highlights is the ensuite, providing ultimate convenience and privacy. The sunroom offers breathtaking views of the 9th hole of the PGA Pro golf course, allowing you to relax and soak in the serene scenery from the comfort of your home. As you make your way to the upper level, you’ll find the primary bedroom and three additional generously sized rooms, providing ample space for everyone. The hall bath offers additional convenience and functionality for the family. This Dutch colonial home offers the perfect blend of modern amenities and classic charm, with hardwood floors, a country eat-in kitchen, storage galore, and stunning views of the golf course. Don’t miss the opportunity to make this your dream home!

Located in 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 volunteer 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 what’s to love in 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 contacting Pat Licata.

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

713 gold valley rd, locust grove va 22508

713 Gold Valley Rd, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Realty LLC

This magnificent three-bedroom, two-and-a-half-bath, golf course home is a true masterpiece, featuring a gourmet kitchen and expansive windows across the back of the house, allowing you to bask in the beauty of the outdoors while enjoying the comfort of being inside. The main level offers spacious living with a primary en-suite bedroom, catering to those who prefer main-level living. The living room boasts built-ins, and a gorgeous stone fireplace, enhancing the charm and appeal of this exceptional home. On the lower level, you’ll discover two more bedrooms and a full bath, in addition to a massive family room, ensuring ample space for family and guests. The walk-out basement leads to a delightful sitting area, providing an ideal setting for entertaining and enjoying the tranquil surroundings. The all-brick fireplace features a wood stove and creates a cozy ambiance on chilly evenings, while the screened porch is the perfect spot for sipping your morning coffee. The deck offers breathtaking views of the golf course, making it a fantastic spot for relaxation and entertainment. Situated in a community filled with amenities, you’ll have access to all you need for an active and social lifestyle, including pools, tennis courts, walking trails, and more. Golf enthusiasts will adore this home, with the golf course (7th tee) just steps from the back door. This home is a rare gem, offering the perfect blend of luxury, convenience, and natural beauty. Don’t miss the opportunity to make it yours!

Located in Lake of the Woods, 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 volunteer 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 what’s to love in 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 contacting Pat Licata.

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

35400 gosling lane, locust grove virginia 22508

35400 Gosling Ln, Locust Grove, Virginia 22508 SOLD!! by Licata Group Real Estate LLC

Welcome to 35400 Gosling Lane, located in the serene Wilderness Shores community. This immaculate 2005 residence boasts an abundance of natural light and modern amenities typical of a new construction home, offering an expansive 3-level floor plan with 4 bedrooms and 3 bathrooms – perfect for families. The capacious family room, dining area, and kitchen provide a comfortable space for gatherings, with ample counter space and a large kitchen island ideal for culinary enthusiasts and their entourage. The generously proportioned bedrooms on the upper level offer a tranquil sanctuary, while the spacious primary suite provides the desired privacy and exclusivity. The landscaped yard, complete with a deck, provides a picturesque setting to enjoy the upcoming summer season. The expansive basement, which is yet to be developed, offers endless possibilities, including a roughed-in full ensuite bathroom and a full egress window that allows for the addition of a legal fifth bedroom and abundant storage space. By purchasing this home, you can avoid the wait times and distractions that come with new construction projects, and move in to enjoy the benefits of an already-established and well-maintained property. We invite you to schedule a viewing and make this exceptional residence your own.

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 contacting Pat Licata.

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

market stats lake of the woods virginia 22508

March 2023 Lake of the Woods Monthly Real Estate Statistics

In March, 21 homes were SOLD in Lake of the Woods.

1 sold below $250,000.00
2 sold between $250,000-299,999;
3 sold between $300,000-349,999;
7 sold between $350,000-399,999;
6 sold between $400,000-499,999;
2 sold between $500,000-$999,999;

21 Active/Coming Soon Listings for Sale
22 Homes Under Contract
46 Homes Sold since January 1, 2023.

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 contacting Pat Licata.

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

1132 Virginia Ave, Culpeper Virginia 22701

1132 Virginia Ave, Culpeper Virginia 22701 SOLD! by Licata Group EXP Realty LLC!

Step into your dream home! This stunning 3-level colonial features four spacious bedrooms, with the potential for an additional two not-to-code lower-level bedrooms, making it ideal for a growing family or entertaining guests. With 3.5 baths, there is plenty of space for everyone to get ready in the morning without feeling cramped. The heart of the home is the gorgeous kitchen, featuring stainless steel appliances and upgraded granite countertops, perfect for whipping up delicious meals and hosting dinner parties. Crown molding, chair rail, and wainscoting embellish most of the main-level and upper-level bedrooms, adding an extra level of elegance. The 9-foot ceilings create an open and airy atmosphere, while the marble-like flooring throughout the main level exudes an added touch of luxury and sophistication. Step out onto the screen porch and enjoy the beautiful outdoors, or utilize the 2-car garage for ample storage space. For added peace of mind, the home is pre-wired for a generator hook-up, ensuring that you’ll never be left in the dark during a power outage. This home offers the perfect blend of comfort, luxury, and practicality. Don’t miss your chance to make this stunning home yours!

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 contacting Pat Licata.

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

Should You Buy a New Home Before Selling Your Current One?

Key Takeaways:

  • There’s no wrong answer when it comes to the order of buying and selling
  • Keep in mind the pros and cons of each option before making a decision
  • Contact us when you know how you’re handling the purchase or sale of your home

Whether you buy your new home before selling your old is the real estate industry’s equivalent of “Which came first, the chicken or the egg?” At first thought, you believe there’s an obvious answer. And then you start to really break things down. Thankfully, we don’t have to deal with any science, and a good list of pros and cons can guide you to the answer that fits your scenario.

What you’ll find is that it may come down to personal preference, but there are a few things you should take into consideration. If you’re in the market for a new home and need to list your current one, here are some pros and cons of both buying first, then selling and selling first, then buying.

Pros of Selling Before Buying Your Home

sold sign

This may seem like the most logical option. You don’t have to carry two mortgages or pay utilities on two homes, and you can access the equity of your old home for the downpayment on the new one. But there are more benefits to selling your home first, in case neither of those perks apply. 

You Can Better Stage Your Home

If you’re still living in the home you’re listing, you can use your furniture and some of your decor for staging. If you’ve ever walked into an empty home, it can feel cold and uninviting. But don’t crowd the space with furniture, and leave only minimal decor behind to make the space homey and warm.

Increase Your Purchase Offer

The word “contingent” isn’t a wonderful one in the real estate industry. If you’re trying to sell your home and the purchase of your new space is contingent on the property being sold, your offer may be less appealing. When you sell first, you have the money in hand and nothing holding up the deal.

Take Your Time

When you sell first, you can take your time. There’s no other home waiting for you and no contingencies on the sale. Being able to take it slow means you can be a little pickier with your offers.

No Question of Final Profit

When you sell and buy at the same time, there’s always a concern that you won’t walk away with what you expect from the sale. What if there’s a last-minute repair? What if you just don’t get what you were looking for? These things can really hinder your purchase, so it’s a perk to not have to think about it.

Cons of Selling Before Buying Your Home

couple embracing near moving boxes

Alternatively, selling before buying has some disadvantages. Chief among them are these three issues that can complicate matters a little.

You Will Need Temporary Housing…

When you sell your home, where will you live? With no new home to move into, you need to secure temporary lodging. Do you need a short-term rental or will you move in with a family member? Neither is ideal for any decent amount of time.

…But How Temporary Will It Be?

What if the purchase of your new home takes longer than expected? You can burn through some of your profits or strain relationships if things don’t go as planned. Month-to-month rentals aren’t secure as you can be asked to leave at any time and they are costly, so you have to time everything just right and hope it goes smoothly.

You’ll Be Adding an Additional Move

No matter how you organize things, you’re going to be moving twice. Even if most of your belongings go into storage and you keep only the necessities, you’re still unpacking and repacking your everyday items and transporting your stored effects to your new home. Moving can be a costly and tiresome endeavor, especially if you have to do it twice.

Pros of Buying Before Selling

couple receiving new set of keys

If you have the option to purchase your new home before selling your old one, it may seem like the route to go. There are a few reasons why this is an ideal scenario, such as the following pros.

More Time to Find Your Dream Home

With a secure space to call home, you have more time to locate your new dream home. There’s no one pressuring you or chipping away at your bank account, and you don’t have to completely rearrange your schedule to make showings work.

You’re In Complete Control

As previously mentioned, you have nothing pushing you out of your home. This gives you complete control over your moving timeline. You can take your time to ensure everything is properly organized and safely packed.

Selling an Occupied Home Can Be a Hassle 

When you’re trying to live in your home, it can be a nuisance to have to schedule showings and stage it properly. Larger families may find staging to be the biggest obstacle, especially if things have accumulated over the years. Some showings can also be scheduled last minute, meaning you’re having to rush out of the house. If you buy first, you’re already out of the house.

Only One Move

Since you won’t need temporary housing, your first and only move from the house you’re putting up for sale is to the house you purchased. 

Cons of Buying Before Selling

for sale sign in front of house

Should you jump into buying your new home before you even list your current abode? We’ve covered the pros, but don’t forget to consider some of these reasons why you should maybe hold off.

It’s an Added Financial Strain

When you own two homes, chances are you have two mortgages. You’ll also need to keep utilities running in the home you’re selling. Then there are taxes, insurance, and any upkeep you may have to do while you still own the house you’re leaving.

You Have to Watch Over Two Homes 

You don’t want to leave the home you’re selling unoccupied for long. It should be kept clean so prospective buyers are seeing a comfortable space and not something that’s been sitting for some time. The added work of performing upkeep and watching over two homes can take some time out of your week.

No Matter the Order, Call Us Today

It doesn’t matter to us whether you buy or sell first, so long as you end up with the resolution you were seeking. Give us a call today so we can help you decide which best suits your situation and needs. Once we know what’s best for you, we’ll either find your new home or set a valuation for the home you’re selling.