Category Archives: Real Estate Advice

monthly stats

May 2023 Lake of the Woods Monthly Real Estate Statistics

In May, 16 homes were SOLD in Lake of the Woods.

0 sold below $250,000.00
0 sold between $250,000-299,999;
3 sold between $300,000-349,999;
5 sold between $350,000-399,999;
4 sold between $400,000-499,999;
3 sold between $500,000-$999,999;
1 sold above $1,000,000, see it here!

29 Active/Coming Soon Listings for Sale
33 Homes Under Contract
85 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.

9651 Meadows Rd, Locust Grove Virginia 22508 UNDER CONTRACT! by Licata Group EXP Realty!

Introducing a magnificent upcoming property that epitomizes comfort and serenity: a charming ranch-style home nestled on an expansive three-acre lot. This eagerly anticipated residence boasts three spacious bedrooms and two well-appointed bathrooms, ensuring ample space for the whole family to thrive. With the added bonus of a basement, the possibilities for customization and additional living space are endless. Designed to provide ultimate convenience and peace of mind, this remarkable home comes equipped with a whole-house generator, guaranteeing an uninterrupted power supply during any unforeseen circumstances. Step outside and discover a haven of relaxation, as a luxurious hot tub awaits to melt away the day’s stresses under the open skies. Surrounded by the natural beauty of three acres of land, this property offers the perfect blend of tranquility and privacy. Whether you envision a flourishing garden, recreational activities, or simply a peaceful retreat, the expansive outdoor space presents endless possibilities for creating your dream oasis. Stay tuned for further updates on this remarkable residence, as this coming soon gem is sure to capture the hearts of those seeking a harmonious blend of comfort, convenience, and natural splendor.

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.

Thinking of Buying a Home with Friends or Family? Keep These 3 Tips in Mind

As home prices in many areas have skyrocketed over the past few years, those looking to buy a home have increasingly turned to unconventional options to help finance their purchase. For some, this may mean seeking friends or family members to serve as investment partners. If you are considering this option, here are three important tips to keep in mind:

  • Stick to the agreed-upon budget. Before you even begin your home search, set a budget that everyone who will be contributing money can agree to. Be sure to account for not only the purchase price, but also expenses such as closing costs, property taxes, utility fees, repairs and maintenance, HOA fees, and potential unexpected costs. Then, consider how these costs will be divided among the parties and put your agreement in writing. Regardless of the cost breakdown you have agreed to, choosing a property that is comfortably within your budget can help avoid stress and future conflicts.
  • Determine how the property will be titled. In addition to determining how much money each party will contribute to the purchase, it’s important to consider how ownership will be divided. For instance, if three friends are buying a home together, they may agree that one person will own 50% of the property and the other two will own 25% each (these shares typically reflect each party’s investment).
  • Consult an attorney. While your realtor will be able to offer plenty of guidance on your home search, it may be best to consult an attorney if you will be buying a property with friends or family members. A lawyer can explain the potential legal implications and help you structure an agreement that will reduce the risk of future conflicts.

Source: nar.realtor

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.

510 Harrison Cir, Lake of the Woods, Virginia 22508 UNDER CONTRACT! by Licata Group EXP Realty LLC!

Get ready for the lake life coming to you this summer! You’ll enjoy spectacular lake views from all three levels and four of the bedrooms of this spacious home! Hardwood floors greet you at the door and continue through the main living areas, which feature abundant windows and doors to take advantage of those awesome views! A generous dining room, chef’s eat-in kitchen featuring stainless appliances and quartz countertops, and living room, provide the perfect flow for family gatherings or sharing your oasis with friends. The living area is extended by stepping onto the expansive deck! What’s better than a meal outdoors while enjoying a great view? A well-sized bedroom with Jack and Jill bath (which could easily be used as the primary bedroom suite) completes the main level. You are in for a treat as you ascend the stairs to the upper level, as you once again have a great lake view through the massive window straight ahead. Another primary bedroom with an ensuite bath is located on the upper level, along with an additional bedroom and bath. And both of these bedrooms have sliders to allow as much fresh air as you’d like into the rooms! A second living area and huge fourth bedroom are found on the lower level, along with a Jack and Jill bath, a convenient finished area perfect for your life jackets, an additional half bath, and a fabulous patio when shade is favored while still enjoying the outdoors! Luxury vinyl planking is the floor of choice here so there are no worries about completely drying off from a fun day in the lake! Your lakeside living is absolutely fantastic; your own private beach, an expansive dock, and generous decking too! 

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.

3206 lakeview pkwy, lake of the woods virginia

3206 Lakeview Pkwy, Lake of the Woods VA 22508 UNDER CONTRACT by Licata Group EXP Realty LLC!

Welcome to 3206 Lakeview Pkwy! Views of the lake from the front porch are just the beginning as you step inside this stunning three-bedroom, two-bathroom rambler, and experience spaciousness at every turn. Boasting 1919 square feet, this well-maintained home features a split bedroom layout, ensuring maximum privacy and comfort. The primary bedroom is a true oasis, complete with a luxurious jetted tub, double vanity, and stall shower. Relax and unwind in the open and airy living space, with cathedral ceilings and an abundance of natural light that creates a relaxed ambiance. The chef’s kitchen is sure to please with updated countertops, stainless steel appliances, and a gorgeous center island. Separate from the primary for maximum privacy are two spacious bedrooms and a full bathroom. Enjoy the beauty of the outdoors from the comfort of the screened porch off the kitchen and living room, or bask in the sunshine on the back patio. Need storage space? Look no further than the 2-car garage with a 17 x 12 storage room above. The beautifully landscaped yard provides the perfect backdrop for outdoor entertaining or simply enjoying the tranquility of your surroundings. Located in a highly sought-after, amenity-filled neighborhood, this home truly has it all.

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.

516 Mt Pleasant, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC!

A stunning, transitional-style, meticulously maintained home located in a private setting on the golf course’s 17th fairway awaits at 516 Mt. Plesant Drive! From the moment you enter the 2-story foyer, you’ll be impressed by the fine finishes, architectural elements, tall ceilings, and gleaming hardwood floors that extend throughout the main level. The den, with its tray ceilings and stylish feel, offers privacy and sophistication. The formal dining room is appointed with tray ceilings, crown molding, chair railing, and luxurious lighting, creating a true ambiance of luxury. As you continue, you’ll discover an open-concept living space perfect for entertaining. The living room is equipped with a beautiful fireplace to warm those chilly nights, and oversized windows present an abundance of natural light and fantastic golf course views. Extending living space and taking further advantage of those views are the spacious screened porch and deck. The chef’s kitchen features granite countertops, stainless steel appliances, and a breakfast nook with views of the course. Just off the kitchen lies the bright and inviting main-level primary ensuite with spa-like vibes – the perfect place to relax and soak the day’s stress away. A powder room and a laundry room complete the main level. As you ascend the stairs, you’ll immediately recognize the loft’s flexible space that can be used as a family room, playroom, or office–you decide! Three expansive bedrooms are located just beyond the loft, one with its own attached bath, while the other two share a sizable hall bath. A bonus awaits at the end of the hallway: an additional room that’s also perfect for an office, playroom, craft room, or even your furry friend’s bedroom. Finally, don’t forget the 3-car garage, which provides ample space for vehicles, storage, or even a workshop. Whether you’re looking for a luxurious family home or a stunning space to entertain guests, this colonial is sure to exceed your expectations. Don’t wait – schedule a tour today and see for yourself why this home is truly one-of-a-kind. 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.

monthly stats

April 2023 Lake of the Woods Monthly Real Estate Statistics

In April, 19 homes were SOLD in Lake of the Woods.

0 sold below $250,000.00
0 sold between $250,000-299,999;
5 sold between $300,000-349,999;
4 sold between $350,000-399,999;
10 sold between $400,000-499,999;
0 sold between $500,000-$999,999;

24 Active/Coming Soon Listings for Sale
21 Homes Under Contract
65 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.

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

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.