Understanding your home equity can be a game-changer when deciding to sell your home, especially in today’s market of high mortgage rates.
Nearly 70% of homeowners have significant equity, making it an opportune time to consider selling.
Our expert real estate team is here to guide you through the process, offering free home equity assessments and answering any questions you may have.
What is Home Equity and Why Does It Matter?
Home equity is more than just a financial term; it’s your ticket to new opportunities. In simple terms, home equity is the difference between your home’s current market value and the remaining balance on your mortgage. But why should you care? Well, with today’s real estate market, understanding your home equity can be a game-changer when you decide to move.
The Equity Boom: A Silver Lining in Today’s Market
You’re not alone if you’re hesitant to sell your home due to high mortgage rates. However, there’s good news. According to data from ATTOM and the Census, nearly 68.7% of homeowners have either paid off their mortgages or have at least 50% equity in their homes. That’s right—almost 70% of homeowners are sitting on a goldmine of equity!
How Understanding Your Equity Can Ease the Selling Process
Knowing your home equity can remove a lot of the uncertainty around selling your home. With significant equity, you’ll have more flexibility in choosing your next home, negotiating deals, and even covering moving expenses. And the best part? Our expert real estate team is here to guide you every step of the way.
Leveraging Equity: Your Hidden Asset
Understanding your home equity isn’t just about knowing numbers; it’s about leveraging this asset to your advantage. With our expertise, we can help you strategize on how to use your equity for a down payment on a new home, or even as a financial cushion for future investments. It’s not just about selling your home; it’s about planning your financial future.
Take the Next Step: Unlock Your Home Equity Today
Ready to unlock the potential of your home equity? Don’t navigate this journey alone. Contact our expert real estate team today for a free home equity assessment or with any questions you may have. Your future home awaits!
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.
Virginia is a beautiful state with a unique history. It brings many people not only to visit but also to make this extraordinary place their home. In 2021 Virginia has seen a steady rise of people flocking to live there. The reasons to choose Virginia are many. Some people come because of family and lifestyle, and others because of jobs, retirement, and health. Whichever the reasons to come here are, here is what you can expect from this beautiful state. This article will discuss 7 reasons to move to Virginia this year.
People move to Virginia for various reasons
There is no doubt about it; Virginia is one of the most popular places people are coming to. According to studies, most people came to Virginia because of their family and the comfortable lifestyle. And those reasons are the deciding factor for above 50% of out-of-state arrivals. Other reasons are retirement, job seeking, and health care, respectively. When looking at these numbers, there can be no surprise that the populace coming consists of:
families
adults
job seekers
seniors
Property experts from LakeOfTheWoods state that the number of arrivals from 2021 will also be seen in the current year. There has been a steady increase after the COVID-19 crisis. Many people want to find getaways and start a new life here in Virginia.
The reason to move to Virginia is quality education
The State of Virginia has some of the best options for higher education. It is the home of more than 40 public universities, which is not a small number. Some of them, such as The University of Virginia, The College of William and Mary, and Virginia Tech, are the most sought-after universities. Ones with a good “pedigree” and chance of an excellent career. They are some of the oldest universities built from the end of the 17th century. If you are looking to offer your child the best education, the experts from Next Stop Movers suggest that coming to Virginia is the way to go. Many of their clients move to Virginia, particularly to pursue education opportunities.
Place for retirement
Looking for a place to retire to? Then look no further, as Virginia can be just the spot for you. Friendly, warm-welcoming, and tightly-knitted societies provide excellent opportunities to choose your ideal neighborhood. Virginia towns also enjoy one of the lowest crime rates in the US. Good housing options for aging in place add to the pros of living here. Probably the most compelling reason why seniors choose Virginia is tax friendliness. Any retiree can deduct up to $12,000 in pension and retirement income state taxes, which is a considerable amount. On top of that, the state does not tax Social Security benefits, making Virginia an ideal place for seniors and retirees.
A festival state
During the year, many festivals are held in Virginia. It is one of the more prominent reasons people are coming in draws. There is much happening that can appeal to even the most exquisite tastes. The Blues, Brews, and Barbecue festival is held in the first half of the year. It is located in Yorktown and begins every May. If you are going to Virginia Beach, don’t miss the Neptune Festival. In April, Winchester is hosting its pride, The Shenandoah Apple Blossom Festival. This enormous festival consists of more than 25 events, including music, dining, and carnivals. You can attend the Deep Roots’ Fall Festival in Orange County in the fall. Don’t miss out on the chance to attend these festivals when coming to Virginia.
Moving to Virginia interstate
Moving can be challenging and stressful, requiring a lot of time, patience, and money to succeed. When moving interstate, for example, from NC to VA, an NC-based team can help you with everything you need when moving to Virginia. This way, you will save your money and precious time, which you can dedicate to more pressing matters. On top of that, you will not have to carry anything by yourself. That can be handled by a punctual team of professionals who will do the heavy lifting for you.
Good healthcare
Virginia is renowned in the US for its excellent healthcare. The state is investing a lot of effort and money in its healthcare. So much so that Virginia is constantly rising on the list of the best public health providers every year. Excellent hospitals such as Inova Fairfax Hospital, Sentara Norfolk General, and other centers make it a perfect spot for every person with health issues, disabilities, or seniors.
A thriving economy is a reason to move to Virginia
If you are looking for good reasons to move to Virginia, this may help you decide. Virginia is home to a diverse economy. From the shipbuilding industry, farming, and seafood harvesting. You can also find many fine wineries and distilleries. The various business opportunities brought many intellectuals and investors. This led to a steady rise and boom in the economy of Virginia, and career options are also many. A perfect place for young entrepreneurs and families seeking quality jobs.
Move to Virginia because of the weather
Moderate levels of rainfall throughout the year, hot summers, and mild winters are what make Virginia so special. It has a humid subtropical climate and one that you can enjoy no matter the season. Depending on where you choose to settle in Virginia, you can see winter snow and enjoy hot summer days in the sun. Be prepared, though, because the weather is constantly changing, bringing many rainy days and nights.
Moving to Virginia brings a lot of benefits. Virginia has everything from the tax deduction if you are a senior, good healthcare, diverse culture, to a great education and weather. However, there are also annual festivals and friendly tightly-knitted societies in rural places, making it a perfect spot for early retirement. Diverse cuisine and steady rise in economy prove Virginia is also an ideal option for entrepreneurs and thriving families. The landscape and nature are also something that you can treasure if you like spending time outdoors. Come to Virginia and experience a modern lifestyle combined with American tradition.
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.
Welcome to 13205 Fox Gate Dr, where the spaciousness of this immaculately-kept home and property are sure to please! Situated on approx 1.5 acres backing to Central Virginia Battlefields Trust acreage, your privacy is secure. Located in sought-after Fox Chase in the Riverbend school district and within walking distance of Wilderness Run Vineyards, the location is absolute prime! As you enter, you’ll immediately notice an open floor plan with the finest details of crown molding, chair rail, wainscoting, and hardwood floors, to name a few, along with a spectacular view of the private backyard. Spacious rooms to spread out in comfort and high ceilings with natural lighting are the perfect recipes for elegant & easy living. The main level primary suite, flex room (office/formal living room, den), and laundry room make one-level living a breeze. Expansive upper-level bedrooms offer more space under the eaves. Relax and unwind on the gorgeous patio and enjoy the incredible landscaping with its own grape arbor in the peaceful, quiet backyard. What’s even better? The 8′ x 12′ shed conveys!
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.
Discover your new lifestyle in this one level Lake of the Woods home! The wide circular driveway and two car garage provides ample space for family and guests. Step inside this beautifully maintained home, with a dramatic open family room, gorgeous stone gas fireplace, and lovely wood built-ins. Prepare feasts with ease in the generous kitchen with plenty of storage and bright eat-in area. Live in royalty in the vast primary bedroom suite, with soaking tub to ease away the day. The backyard with a screened in porch invites your imagination for new outdoor living ideas and peaceful enjoyment. Come envision your new beginning while it’s still available!
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 contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
This house is all about LOCATION!! End of private cul-de-sac. Walking distance to local schools, family neighborhood, and a big backyard! Enjoy this wonderful home with a full basement, sunroom, screened-in porch, and lovely deck! You will appreciate the spacious bedrooms on the upper level plus the main level primary bedroom with an additional flex room for a study/office space. The beautiful hardwood floors which are throughout upper level (under carpet) and the main level and natural lighting of this house is sure to be pleasing and welcoming. With plenty of room for family and guests, this wonderfully well-kept home is one not to miss!!
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.
Culpeper Renaissance Inc is throwing Culpeper’s NEW Gnarly Neighborhood Block Party on Saturday, April 30th from noon – 12pm! This will take place in Downtown Culpeper’s Depot District and will feature local craft beer and cider for purchase along with wine for the wine lovers out there. The Judy Chops and the Will Overman Band will perform live music for all to enjoy while indulging in the food trucks, participating in the lawn games and other family fun. Lawn games will have prizes. Have the kids get their face painted or their caricature drawn! Advanced ticket sales are $15 and $20 at the door. Anyone under 21 is free to enter! Please no pets or coolers. Learn more about this event and future Culpeper events by visiting their website 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 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.
Oil and gas prices are the highest in United States history!
Individuals and families are shifting how they think about housing, from suburban versus urban to downsizing or going multigenerational.
It’s critical to work with an agent who understands the right fit for you and your family.
Record-high oil and gas prices are changing home buying and selling
It’s difficult to escape the news: gas prices are surging across the nation, with the increase averaging $1 per gallon. With costs at historical highs, the ripple effect changes how we think about everything. That includes the largest line item on any household’s budget: their home. How will this new reality change how people buy and sell real estate? Let’s take a look at some of the main considerations.
Urban Versus Suburban
Traditional wisdom says that the suburbs are more affordable with their long commutes, while cities are expensive due to more amenities and desirability. But when the daily commute costs more than it ever has in the history of the country, the conventional advice isn’t necessarily the right move for everyone.
To judge whether relocating from the suburban to the urban is right for you, take a look at the commute time, proximity of local amenities, and public transportation. Some urban centers offer more robust and reliable options for getting around, while others are still heavily car-dependent. If moving into the city won’t get you out of your car, the suburbs are still a good choice. But big city living is an attractive option if you can reduce how often your family drives—or even go from a multi-car family to a single vehicle.
Reconsider Your Housing Footprint
The size of a home is always a big consideration when you’re looking at your next place. Right now, there’s the added pressure of the costs of heating and cooling a home to consider when you think about total square footage. On average, the cost of natural gas is up 24% in February 2022 compared to the previous year, and electricity is up 9%.
Downsizing can be a smart reason to sell your home and buy a new one, especially if your family situation has changed and you don’t need as much space. With less to heat, cool, and maintain, finding a home that’s just the right size for the stage of life you’re in is something your agent can help you with.
During the COVID-19 pandemic, families started moving back in together at rising rates. Now, more than 40% of homebuyers consider multigenerational living in their purchasing decision. New developments are dedicated to building homes and communities that accommodate people at different stages of their lives. And, if the family situation changes, being able to rent out a dedicated space is an excellent source of passive income.
Whether you’re looking to go small by yourself or go big and share the costs, homes that are renovated with energy-efficient appliances, or new construction with the latest smart home technologies, are especially attractive. These are smart decisions to make now that will also save you costs in the long run, even when oil and gas prices stabilize.
Act Fast to Lock in Interest Rates
Gas prices are tied closely to mortgage rates. Yep, it really does affect everything! Mortgage lenders want to have an extra cushion over inflation when they set rates, and with the rise of oil and gas prices, interest rates will get pushed up too. If you’re buying a home, it’s time to get serious about making offers. Higher mortgage rates will impact what you can afford.
For sellers, this can impact the white-hot housing market streak that was the dominant theme for the last few years. With interest rates set to rise, home sellers may want to be flexible about offers, in case the market shifts dramatically as interest rates go up throughout the remainder of the year. Of course, this varies widely by market, and you’ll want to consult your agent before making any decisions on offers on your home.
Make Your Move
There’s no time to wait—with the market changing this rapidly, you’ll want to leave yourself enough time to have options and make a well-informed decision. That’s why you need to work with an agent that understands the ups and downs of this historic market and considers the needs of you and your family. Contact us today to get started!
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.
We all hope for a career that will take us places. Sometimes that could be Orange County, Virginia. Exciting as that is, packing up your life and moving your family can also be stressful — after all, there are a lot of things you’ll need to organize and plan for.
A relocation package from your employers can help, but the rest is up to you. A checklist can be an invaluable tool to keep you on top of things. The Licata Group presents some key tasks you’ll need to remember to make your career relocation easy, beginning up to two months before your moving date.
Visit Your New Hometown
While it’s good to know what to expect, a visit to your new location and office can also offer insight on what to prepare for. It also offers a great opportunity to connect with your new colleagues, who can probably offer invaluable advice for your move. If you have children, you may also be looking to scout out new schools before your move. A visit beforehand can give you an idea of which area you want to search for accommodation.
Plan Your Finances
With a new salary, you might not expect to find a change in their cost of living, so it’s always good to be prepared before relocating. Websites such as Payscale can help you compare the costs of supermarket goods, restaurants, gas, and medical bills.
Message boards and Facebook groups are also a great place to get unbiased and up-to-date information from fellow residents (and to make friends with your potential neighbors).
If you need to sign up for a new banking service, make sure you have an easy way to access and transfer your current funds.
Secure Your New Home
Whether you’re relocating for a set period of time or for the unforeseeable future, it is advisable to consider renting a house before purchasing one so that you have the chance to familiarize yourself with the environment and other housing options.
Schedule the Move
If you need to buy airplane tickets for you and your family, buying tickets ahead of time is still the cheapest option for tickets. Depending on how many belongings you’ll be taking, you may also need to book a reputable moving company available on your moving date. Compare moving companies to see which fits within your budget and provides the most suitable insurance coverage options to protect your belongings.
Save all your travel and moving receipts in one handy location, such as a Google Drive, particularly if you will be claiming reimbursement from your employer.
Personalize Your Checklist
Use this information to compile your own checklist that includes important dates and information. Don’t be afraid to ask for advice and use services that can help you find the home of your dreams in Lake of the Woods. After all, it’s not your career that takes you places — it’s all you.
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.
Concert in Lights has begun at the Spotsylvania Town Center in Fredericksburg, Virginia. After you’re done holiday shopping at the mall, go to the Village to enjoy their special light and music show. Get into the holiday spirit, every night as shows are every night at 6pm, 7pm, 8pm, and 9pm. For the most up-to-date, visit 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 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.
In today’s hot market, it’s more important than ever to choose the right agent to help you buy or sell a home.
Real estate agents don’t just offer local expertise—their insider knowledge and marketing prowess come in handy, too.
Thinking about making a move in the new year? Contact us to start planning now!
Here Are the Top 10 Qualities Every Successful Real Estate Agent Should Have
Did you know that 75% of buyers and sellers work with the first agent they meet? It’s true—but that doesn’t mean it’s the best decision. If you want to come out on top in today’s competitive market, experts often recommend interviewing a few candidates before settling on the right real estate professional for the job. And if you’re not sure where to start, we’ve outlined 10 qualities of a highly successful agent.
They keep up with the latest sold data
Whether you’re buying or selling a home, you’ll want to keep up with the latest sold data for your neighborhood of choice. Sold data reports consist of homes that recently sold in your area, as well as their final prices. Not only do these numbers help sellers determine an accurate list price, but they can also be used by buyers to gauge an area’s affordability. A top-notch agent should be willing to provide you with up-to-date data every step of the way.
They know what’s happening in the real estate market
It’s hard to know what the real estate market will look like next year. But with careful forecasting, a local agent should be able to provide some valuable insight. Agents can educate buyers and sellers on everything from price fluctuations to mortgage rates—just make sure they’re using accurate data to back up their predictions.
They’re social media savvy
Nowadays, home-buying and selling primarily happens on the internet. According to recent research, over 95% of buyers start searching for properties online, which makes it imperative that agents maintain an active presence on their social platforms. Be sure to ask your agent about the virtual tools they offer buyers and sellers, such as access to the MLS, social media promotion, and paid advertising. Bonus points if they have their own website, too!
They have a network of contacts
When it comes to buying or selling a home, it truly takes a village. A well-connected agent can refer you to their network of local contacts, such as plumbers, landscapers, lawyers, and so much more. You’ll rest easy knowing that you can trust their recommendations for local service providers!
Their referrals are positive
If an agent provides legendary customer service, their past clients are more than willing to leave positive feedback—or even refer them to their loved ones! Ask your potential agent about their reviews, or take a look online to see what previous buyers and sellers have to say about working with them.
They’re punctual
This one should be a given! The current real estate market moves faster than ever before, which makes punctuality an even more important quality than usual. If your agent is on-time (or early!) to your appointments, you’ll know they’re treating you like a priority.
It’s easy to get in touch
Keeping in touch is key when it comes to real estate, so you’ll want to share the same method of communication as your agent. Tell your agent from the beginning whether you prefer to text, email, or talk on the phone. Not responding in a timely manner is a big red flag.
They’re shrewd negotiators
Buyers and sellers alike should look for an agent with top-notch negotiation skills to get them the best possible price. And if you want to evaluate a real estate agent’s prowess, just ask yourself this question: how well did they negotiate with you to win your business?
They’ve built their own brand
Real estate agents don’t just help you buy or sell a home—they need to be expert marketers on both sides of the transaction. Solid branding can help agents rise to the top of the competition and build a reputation that people rely on, trust, and recognize. Exploring an agent’s social media and website can give you a good idea of their personal branding strategies.
You get along with them
When you’re trusting someone with one of your biggest investments, it’s crucial to get along on both a professional and personal level. If you can’t have difficult conversations with your agent—or if you don’t get along with them—consider going with another candidate. Personality can sometimes trump experience!
Find the Right Agent for Your Move
Ready to start planning your 2022 move? Now is the time to find the perfect agent for the job! Contact us today to learn more about what we bring to the table, or explore our other resources to get a head start on buying or selling. We’re always here to offer superior service throughout every step of the transaction!
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.
