When you’re making an investment of any sort, there’s one
thing more important than just securing all the funds you need. You also need
to do enough research to make sure you’re going to end up making a truly
informed decision. And in this regard, real estate investments are no
different. Especially if you’re a buyer in a seller’s market – you need to have
all the right data and info. And that’s precisely what we’re going to talk
about here!
Working With A Proper Realtor
If you’re buying in a seller’s market, before you actually
present an offer to your seller of choice; you want to have all the right
information. And in order to do that, you need to have the right representation
while you’re buying a property. If you’re facing a steep
seller’s market, a good real estate agent will make all the difference in the
world. For example, they’ll be able to ask all the right questions when talking
to the seller’s agent and figure out all of the activity on the home that you
need to know about.
Doing Research In A Timely Manner
When you’re buying a home and moving there, you need to do everything you can in regards to making your relocation less expensive than it needs to be. And that means doing all the prerequisite research; not just on the specific property, but on the market in general. Once you’ve gotten the sense of the kind of home you want, or even the preferred neighborhoods that you have in mind; you should start learning all you can about them. This is another thing your real estate agent will be good at, so finding one early on is important.
An informed decision is the only good one!
Separating Needs And Wants
One of the realities of buyers in a seller’s market is pure
and simple – you’ll need to get your priorities in order. It doesn’t matter
whether you’re looking for a vacation home or a house you’ll
primarily be living in. You still need to forego a couple of your less urgent
wants and focus on what you truly require. So, a few compromises on the home’s
condition, the local amenities, or the location will simply have to happen in a
seller’s market; coming to terms with this reality is good for you.
Stay Within Budget
A seller’s market is, as the name suggests – one where, to
paraphrase the old adage, buyers can’t be choosers. With this in mind, you need
to say goodbye to the idea of presenting low-ball offers to your sellers. Find
a price range you’re completely comfortable with, and make sure you stay within
it. If you’re hoping that the seller might drop their listed price down to
something more acceptable for you; that isn’t one of the smart things to do in a demand-heavy market
where sellers have their pick.
Don’t let your chase for a dream home make you unrealistic!
Scheduling Flexibility
Before you can find a good moving company like bluebellmovingandstorage.com
to help you out with your relocation to a new home; you will need to do
everything in your power to make sure you can nab the right property. And that
means one thing – flexibility! You need to learn of the seller’s time schedule
and adjust yourself accordingly.
Usually, it’s useful to learn why the seller in question is
moving away; that’ll be a great hint in terms of your closing date. If they’re
looking to leave in a hurry, they may want someone who can deal with a quick
closing date. On the other hand, they may require extra time to relocate. If
there are other buyers you’re competing with (and in a seller’s market, there
usually are), this will net you bonus points with the seller. Never underestimate
goodwill as a factor!
More Cash Upfront
This isn’t something you can always influence, depending on your budget and personal finances. But generally speaking, a seller’s market reasonably favors people who can offer a larger amount of earnest money. This will, logically, pique the seller’s interest in negotiating with you. When sellers have favorable market conditions and receive lots of offers, a big deposit could be what makes the crucial difference.
Having more cash to offer will differentiate you from the rest of the buyers!
Get Personal
Depending on the seller in question, including some humanity
and emotion into the equation could also be the deciding factor. For example,
you could write up a letter that you’ll include with the purchase offer, in
order for the seller to know your personal reasons for buying the home. Try to
become friendly with them through the letter as well – for instance,
complimenting their home decor or well-kept outdoors.
Remember – many of the sellers still like the home that
they’re selling. That’s why they’d also like for the home to go to someone
who’s going to love it just as much!
Look For Potential
As we’ve mentioned above, a seller’s market does demand a certain
level of compromise from a buyer. That’s why you shouldn’t take any home at
face value; try to find the promise and potential within a good property.
Perhaps you’ll be able to change a currently unfavorable layout later on?
Don’t Overdo Due Diligence
So far, we’ve talked quite a lot about the importance of making an informed decision. However, you should bear the other side of the coin in mind as well. Remember – real estate markets are a dynamic place. In certain situations, sellers will use the “other people are making offers” ploy as a tactic to get you to panic and agree to a less favorable price. Bear in mind though, that in a seller’s market, this is sometimes truly the case. You need to strike a careful balance between due diligence and overthinking, or the perfect home may slip away!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! 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, one of our area expert advisors 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 properties, please visit our website licatagroup.com
This Beautiful home boasts size with a whopping 3800 sqft. As you walk in you will love the open, bright floor plan with gleaming hardwood floors. Looking for that kitchen to really entertain in? This is the one with a large island, oodles of cabinet and counter space. Enjoy your corner gas fireplace for those cool nights. The master suite features his and her walk in closets, a gorgeous on suite bathroom with double vanity, separate shower and a soaking tub to soak the day away. Enjoy a beverage of your choice on the screened in porch or enjoy sitting on the beautiful stamped concrete patio with a view of the golf course. The finished basement offers the perfect oasis for your guests with a large light filled bedroom, family room, game room and full bath. For more information about this listing, be sure to Click 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 home owners. 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.
The brick accents welcome you to this Custom Built Home. Once you enter, you are greeted by gleaming hardwood floors, a cozy fireplace, fine finishes, and a sought-after open floor plan! The ample windows and skylights allow the sun to shine in this well-maintained, move in ready Lake of the Woods home. Your Master Suite offers an amazing sitting room with access to the deck that overlooks the landscaped yard. A large bonus room over the garage would make a great office or game room. The sun room is so inviting to relax. You can enjoy relaxing on your spacious deck.
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 home owners. 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 home to this spectacular colonial home in Magnolia Green! This beautiful Rome model built in 2015 welcomes you with fantastic curb appeal, a charming front porch and stone accents. From the stunning open floor plan to the upgraded finishes, you will be wowed. The gleaming hardwood floors greet you at the door and take you throughout much of the first level of this home including a large gourmet kitchen and sun room. For more info about this listing, be sure to Click Here!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! 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, one of our area expert advisors 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 properties, please visit our website licatagroup.com
Start drawing up the plans for your new build and let’s get this lake life started! Build your dream home here on this fantastic lot located near the back gate and within walking distance to some great fishing! For more information about this listing, Click 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 home owners. 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.
Orange County Virginia is a very nice place to live, judging
by the opinion of a vast number of people. It has a lot to offer and yet it has
succeeded in keeping a slow, stress-free, and peaceful lifestyle. If you and
your significant other are looking for a place to settle down and make a
future, we can help you choose among the best neighborhoods in Orange County VA
for young couples. You will enjoy immensely and have an opportunity to do
some fun things once your move to Orange County is complete.
What makes a neighborhood a good choice for young couples?
When choosing a place to live, young couples should follow
certain criteria that will rule their final decision. Their needs and
preferences are, understandably, significantly different from those of
retirees, college students or graduates, for example. To be perceived as one of
the best neighborhoods in Orange County VA for young couples, here are the
features a neighborhood has to possess:
To be affordable. – Although there are, of course, young couples who can afford a considerably high standard of living, it is much more probable for them to prefer affordable neighborhoods where the costs of living are lower.
To have a strong job market. – Numerous job opportunities are an important factor for everybody, not only young couples. If they cannot find a job easily or earn an income they would like to, they opt for relocation and settling down in another city.
To be safe. – Safety is one of the most critical features you can expect from a neighborhood. Since young couples mostly consider starting a family in the near future, this is also yet another reason why safety is important.
To have a lot of amenities. – We all know very well that all work and no play make Jack a dull boy, right? Hence, young couples like engaging in various activities once they find some free time after work. Luckily, Orange County VA has it all. Whether they are nature lovers, thrill-seekers, or even partygoers, they will find something to enjoy in this area.
Our choice of the best neighborhoods in Orange County VA for young couples
Once we have defined what young couples value most when
choosing a place to live, we can suggest a few neighborhoods in this area they
might like. Even organizing
a long-distance relocation is the sacrifice worth making if you find
exactly what you are looking for right here. You will soon realize that Orange
County VA has the reputation of one of the most livable and pleasant places to
live in the USA for a very good reason.
Lake of the Woods
Lake of the Woods is a perfect choice for everybody regardless of their age or marital status. Its home to two very beautiful lakes that give plenty of options for recreational activity, and make a nice alternative than driving to the beach. The unemployment rate here is low since there are numerous job opportunities. As safety is one of the key features to look for, we will stress that the gated community prides itself on keeping all the residents safe with the help of their own security that patrol the streets on a regular basis.
There are a lot of things to see and do here, enjoying the
various amenities to spending time in nature. If you have a dog, Lake of the
Woods should be your first choice, since the place is genuinely dog-friendly. Here
you’ll find substantially sized dog park within the neighborhood that is properly
secured for both you and your pet to enjoy.
Young couples who are looking for a place to settle down
permanently and start a family soon should seriously consider Lake of the Woods.
It is a community that’s centered around each other, as well as in a wonderful
school district.
Lastly, there are no short supply of activities to keep you
entertained, as community driven clubs and events are constantly occurring with
new ones sprouting up on a regular basis. At Lake of the Woods, you’re sure to
find a place that truly feels like a forever home.
The Town of Gordonsville
Gordonsville is a small charming town with a lot of small
shops and cafes. Although it is usually preferred by those who decide to buy
a home in Virginia after retirement, the situation has recently started to change.
A very low crime rate and a lot of outdoor amenities attract all those nature
lovers and people who live a healthy lifestyle.
The unemployment rate here tends to be on the higher side when compared to the national average, but the vicinity of some bigger towns increases the number of job opportunities due to short commute time. Also, the cost of living is around the national average, so we can say that living in Gordonsville is a good option for young couples.
The Town of Orange
As you might assume, Orange is the seat of Orange County. It
has scored an increase in population in recent years as more and more people,
young couples included, are desperately trying to run away from the hustle and
bustle of urban areas. The cost of living here is a bit on the pricey side. On
the other hand, safety, numerous amenities, and excellent educational
facilities are a big plus.
What young couples also like here are nice cafes and
restaurants with a warm, friendly atmosphere. They can enjoy a night out,
entertain themselves, and still avoid the turbulence of big cities.
Final words on the best neighborhoods in Orange County VA for young couples
Living in Orange County VA is appealing for a great number
of people. The County offers all a person needs – to earn a substantial income,
have a nice, spacious home, get a good education, and enjoy various leisure
activities. While some neighborhoods are a better choice than othres, whatever
neighborhood you choose, you will not make a mistake. They are very similar and
each and one of them has a distinctive charm that young couples will like.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! 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, one of our area expert advisors 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 properties, please visit our website licatagroup.com
The stone accents welcome you to 104 Cedar Court. Once you enter, you are greeted by gleaming hardwood floors, a cozy corner fireplace, fine finishes, and a sought-after open floor plan! The ample windows and sky lights allow the sun to shine in this well-maintained, updated, move in ready Lake of the Woods home. You can enjoy relaxing on your screened in porch or gardening in your large, level yard! For more information about this listing, Click 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 home owners. 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.
Relax on the front porch, sunroom, deck or screened porch! This move in ready, custom built home located near the small lake on a partially wooded lot boasts fabulous architecture and 4,000+ finished square feet Gleaming hardwoods, bright eat-in kitchen, open dining area/living room, 2 fireplaces, 2 laundry areas and space for a second kitchen will wow you! You’ll love the lake life!
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 volunteering 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 $150,000+ 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 why I love 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 home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
If you ask a homeowner what it was like to buy their first home, they’ll probably mention a few things they’d change if they could do it all again. While it’s impossible to know everything about the home-buying process beforehand, you can still prepare yourself for what lies ahead—and figure out how to avoid some potential pitfalls. Not sure where to begin? Here are some key pointers to keep in mind before starting your search.
You’re Buying More Than a House
We all know the phrase “love at first sight,” and it can certainly apply to homes, too! Even if you step inside a home and instantly fall in love, it’s crucial to step back and consider the whole picture before making a purchase.
When you buy your first property, you’re investing in more than just four walls. It’s worth paying attention to things like a home’s location, neighborhood, and physical condition, too. Even if you find that open concept kitchen you’ve been dreaming of, it might not be the right fit if it’s in the wrong community or if the rest of the house requires out-of-budget repairs. It’s best to stay realistic and listen to your agent’s (and home inspector’s) advice. Remember, this is likely one of the biggest investments you’ll ever make, so spend your money wisely!
Down Payments Are Different for Everyone
So many would-be buyers are scared of homeownership for one reason: the down payment. Traditionally, you’d put down around 20% on a home and spend anywhere from 10 to 30 years paying your lender back. However, you actually have more flexibility than you might expect.
Depending on your credit history, location, and occupation, you could be eligible for loans that require as little as 0% down. However, making a larger down payment means you’ll pay less interest to your lender in the long run. Be sure to shop around for the right fit and reach out to your agent with any questions—they’re always available to help you out.
Prepare for Extra Expenses
Homeownership often comes with unexpected expenses, especially right after you move in. When you’re setting a budget for your big purchase, consider adding some wiggle room to allow for any additional and long term costs. You don’t want to realize that you can’t afford your home after you’ve purchased it!
Wondering what kinds of expenses can come up? Inspections, homeowner’s insurance, prepaid taxes and other various closing costs, HOA dues, and repairs are just a few possibilities. You’ll pay for some of these before or at the closing, but certain recurring costs will have to be factored into your monthly budget.
Get Pre-Approved Before You Start Searching
Once you’ve made the decision to buy, it’s tempting to start looking at listings right away. However, you might want to press pause and complete an essential step before you start scheduling showings. Getting pre-approved for your loan will show sellers and agents that you’re serious about buying—and it can tell you exactly how much you can afford to spend.
Ready to start the pre-approval process? First, you’ll want to get your finances in order and shop around for the right lender. Be sure to have all of your important documents on hand, such as your W-2 tax form, paystubs, and social security card. Most lenders allow you to apply online, and within a few business days, you’ll know whether you’ve been approved or not, as well as the conditions of the loan.
Are You a First-Time Buyer?
Buying your first home is a big deal, and it’s important to have the right agent by your side throughout the process. If you’re ready to start your search, feel free to reach out to us with any questions. We can’t wait to help jumpstart your journey to homeownership!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! 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, one of our area expert advisors 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 properties, please visit our website licatagroup.com
In January, 12 homes sold in Lake of the Woods. 3 sold between $130-200,000; 1 sold between $200-250,000; 4 sold between $250-300,000; 2 sold between $300-400,000; 2 sold above $650,000.
49 Active Listings for Sale 30 Homes Under Contract 12 Homes Sold since January 1, 2020.
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 home owners. 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.
