Category Archives: Real Estate News

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.

14410 Miller Road, Orange, Virginia 22960 Under Contract! by Licata Group EXP Realty LLC!

Welcome to this extraordinary rambler home! With its spacious layout, appealing features, and a touch of coziness, this property is a true delight. Boasting a generous 2,262 square feet, this residence offers ample room for comfortable living. As you step inside, you’ll be immediately drawn to the beautiful hardwood floors that extend throughout the main level, lending an air of elegance and warmth to the space. The abundance of windows allows natural sunlight to fill the home, creating a bright and inviting atmosphere. In the living room, a focal point awaits—a charming wood-burning fireplace. Imagine curling up on a cozy evening, enjoying the crackling sound of burning wood, and basking in the comforting glow of the fire. This fireplace adds a touch of rustic charm and provides a perfect gathering spot for family and friends during colder months. This remarkable home features three bedrooms, offering plenty of space for relaxation and personal retreat. Additionally, two full bathrooms ensure convenience and comfort for everyone in the household. For those with a passion for DIY projects or hobbies, a workshop in the basement awaits. This versatile space provides the ideal setting for creative endeavors, allowing you to pursue your interests and unleash your imagination. Outside, the property boasts a spacious yard—a haven for both children and pets to play and explore. The ample outdoor area offers endless possibilities for outdoor activities, gardening, or simply unwinding amidst nature. This rambler home presents an exceptional opportunity for those seeking comfort, functionality, and a touch of charm. The beautiful hardwood floors, abundant natural light, and the inviting wood-burning fireplace in the living room are just a few of the features that make this property truly special. With its generous yard, it offers an ideal space for families and pet owners to create lasting memories. Don’t miss the chance to make this remarkable house your forever home!

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 the Joys of Downsizing: Your Path to a Simplified and Fulfilling Lifestyle

Key Takeaways:

  • Financial freedom: Reduce expenses, maximize savings, and invest in your future by downsizing your home.
  • Streamlined living: Embrace a clutter-free environment and enjoy more time for activities that bring you joy and fulfillment.
  • Expert guidance: Our real estate agents provide personalized support, extensive market knowledge, and a trusted network of professionals to ensure a seamless downsizing experience.

Are you seeking a more streamlined and rewarding lifestyle? Downsizing your home could be the transformative step you’ve been waiting for. Our dedicated real estate agent team is here to guide you through the downsizing process, ensuring a seamless transition while maximizing the benefits of this exciting change. In this blog post, we will explore the reasons to downsize, the remarkable benefits it brings, and how our team can assist you every step of the way.

Why Downsize? 5 Compelling Reasons to Embrace a Smaller Space

people relaxing on the couch
  • Financial Freedom: Unlock new financial possibilities by reducing your housing expenses, mortgage payments, property taxes, and utility bills.
  • Simplify Your Life: Say goodbye to the burden of excess possessions and embrace a clutter-free living environment, fostering peace of mind and enhanced organization.
  • Rightsize Your Space: When your current home feels too large or no longer suits your lifestyle, downsizing allows you to find the perfect-sized space that meets your needs and preferences.
  • Embrace Accessibility: Transition to a home that offers better mobility and accessibility features, ensuring comfort and convenience for years to come.
  • Embrace a Greener Lifestyle: Reduce your environmental impact by living in a smaller, more energy-efficient home, minimizing your carbon footprint and promoting sustainability.

The Wonderful Benefits of Downsizing: Discover a Life of Freedom and Fulfillment

neighbors meeting in backyard
  • Enhanced Financial Security: Downsizing frees up valuable resources, allowing you to invest, save for retirement, pursue passions, or enjoy new experiences.
  • More Time for What Matters: With reduced maintenance and upkeep, you’ll have more time and energy to focus on activities and relationships that bring you joy and fulfillment.
  • Closer Community Connections: Embrace a stronger sense of community by downsizing to a neighborhood or community that fosters social interaction and enriching relationships.
  • Streamlined Living: Experience the freedom of a simpler and more organized lifestyle, as downsizing encourages you to prioritize what truly matters and let go of unnecessary belongings.
  • Embrace New Opportunities: Downsizing opens doors to exciting possibilities like travel, hobbies, and personal growth, allowing you to embrace a more fulfilling and enriching life.

Our Expert Team: Guiding You Through a Seamless Downsizing Journey

happy clients shaking hands with real estate agent
  • Personalized Consultation: Our experienced real estate agents will conduct a thorough assessment of your needs and goals, guiding you towards the ideal downsizing solution.
  • Extensive Market Knowledge: Rely on our expertise and knowledge of the local housing market to find the perfect smaller home that aligns with your preferences and budget.
  • Skilled Negotiation: Count on our negotiating prowess to secure the best possible terms and pricing for your downsized property, ensuring a smooth and advantageous transition.
  • Comprehensive Support: From home staging and marketing to coordinating moving services, we’ll provide comprehensive support throughout the entire downsizing process, minimizing stress and hassle.
  • Trusted Network: Tap into our extensive network of professionals, including movers, organizers, and downsizing specialists, to access a range of resources that will make your downsizing journey seamless.

Downsizing your home is an empowering decision that can lead to a more fulfilling and simplified lifestyle. With our dedicated real estate agent team by your side, you can embark on this exciting journey with confidence, knowing that we will guide you through each step of the process. Embrace the joys of downsizing and unlock a world of newfound freedom, financial security, and meaningful experiences. Contact us today to start your downsizing adventure!

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.

How to Stop Renting and Become a First-Time Homebuyer

Key Takeaways:

  • Renting doesn’t help build a future
  • Homeownership can be accessible
  • Contact your trusted local agents for more on being a first-time homebuyer

Many renters discover a universal truth—renting can often feel like it lacks long-term benefits. However, each monthly rent payment potentially reduces a landlord’s mortgage while increasing their home equity. This revelation may inspire some to transition from renters to first-time homebuyers. If you’re contemplating this life-changing decision, now is an opportune time to consider buying a home.

Home purchase rates are currently favorable, and the appeal of escaping ever-increasing rental rates motivates many first-time buyers. Ready to join this progressive march towards homeownership? We are here to guide you through each step of the process. Here’s a simple guide to get you started on your homeownership journey.

Identify Your Ideal Location

map with pinpoints

Do you enjoy your current neighborhood? If you do, don’t assume that you can’t afford to buy in the same area simply because rental rates may be rising. In many cases, owning a home can be more affordable than renting, potentially allowing you to consider areas previously thought to be beyond your reach.

Once you’ve identified your preferred locales, let us know your chosen zip codes and specific preferences. We’ll compile a list of suitable properties for your personal viewing.

Examine Your Finances

Before embarking on your homeownership journey, take a comprehensive look at your financial situation. Here are some key steps:

  • Review your credit report and report any inaccuracies
  • Calculate your debts
  • Evaluate your savings and future saving capacity

Lenders consider your financial health when deciding on mortgage approval. Can you afford the mortgage payment and additional costs comfortably? Keeping a debt-to-income ratio of less than 40% is generally advisable, as it widens your opportunities.

Assemble Necessary Documents

banking statements

While reviewing your finances, gather these important documents for potential lenders:

  • W-2 and 1099 forms
  • Monthly bank statements
  • Asset statements
  • 401(k), 403(b), mutual funds, stocks, bonds, and IRAs
  • Last two tax returns
  • Landlord reference

Choose the Right Lender

Securing a lender is a crucial step that should be undertaken early in the process. A lender can accurately determine what you can afford and offer valuable advice on improving your financial profile and selecting the best mortgage plan. Some lenders also offer specific incentives for first-time homebuyers.

If you need recommendations for lenders, we can provide you with a list. Give us a call, and we’ll provide you with a list of lenders that may suit your needs.

Time Your Purchase Perfectly

handshake over home purchase

Even when transitioning to homeownership, remember to fulfill the terms of your current lease. If it requires a 30-day notice of non-renewal, try to time your purchase so that your lease ends around the time you close on your new home. If the timing doesn’t align, consider discussing a month-to-month rental option with your landlord.

Embrace the Excitement of Homeownership

Stepping into the role of a first-time homebuyer is a thrilling milestone, and we’re delighted to be part of your journey. If you’ve considered buying a home, now is the time to act. Follow this guide and reach out to us for expert assistance in navigating the rewarding adventure of homeownership.

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.

1330 lakeview pkwy, lake of the woods virginia 22508

1330 Lakeview Pkwy, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Realty LLC!

Step into your new home and feel the warmth and coziness that emanates from this spacious and inviting abode. Enjoy the convenience of main-level living and a split-bedroom floor plan that caters to your family’s needs. The welcoming foyer greets you with cathedral ceilings, leading to an open living room and dining room combo that is bathed in natural light. Whip up your favorite meals in the eat-in kitchen, complete with ample space for additional cabinetry or an island. The primary bedroom is a true sanctuary, featuring two walk-in closets and an ensuite with a double vanity, tub shower combo, and extra storage. Unwind and entertain in the attached recreation room, which boasts a hot tub and is filled with natural light, thanks to skylights, a window, and a glass door that provides access to the backyard deck. Across the way, you’ll find two additional bedrooms and a full bath. One of the bedrooms is a spacious retreat, including a large sitting area and its own private access to the back deck. The two-car garage and extended driveway offer ample parking space for you and your guests. The flat backyard provides a perfect spot for outdoor activities, while the expansive front yard is an envy of the neighborhood and provides plenty of room for pets and kids to play. Don’t miss out on the opportunity to make this adorable home yours and enjoy the comfort and convenience it has to offer!

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.

2023 Culpeper Fireman’s Parade and Carnival

All are invited and encouraged to join the 68th Annual Carnival that will take place at the Culpeper Agricultural Enterprises from Wednesday, May 24th until Saturday, May 27th, 2023.

The event will include the sale of raffle tickets, indulge in this opportunity, and potentially be the grand prize winner of $2,500 cash! The tickets are priced at $1 and are going to be available in books of 25 from any department member at the selected retailers. This raffle draw also includes $1,000 for the 2nd prize, $500 for the 3rd prize, and $100 for the 4th and 5th prizes.

The Fireman’s Parade will be held on Thursday, May 25, 2023. Anyone interested in participating or learning more about this event should visit: culpeperfire.com/2023-firemans-carnival/2023-firemans-parade/

The parade lineup starts at 5:00 PM, and participants must be in line at exactly 6:15 PM. The parade will begin at 6:30 PM in the evening. For more information about this event, you may visit this link.

This is going to be one of the major fundraisers for the year. Come and join us to support your volunteers and have some exciting family fun!

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.

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.