Grilled Chicken with Rosemary and Bacon

Ingredients 
4 teaspoons garlic powder
4 skinless, boneless chicken breast halves
salt and pepper to taste
4 sprigs fresh rosemary
4 thick slices of bacon 
Directions 
1. Preheat an outdoor grill to medium-high heat, and lightly oil the grate.
2. Sprinkle 1 teaspoon garlic powder on each chicken breast and season with salt and pepper. Lay one rosemary sprig on each chicken breast. Wrap bacon around the chicken to hold the rosemary on. Secure bacon with a toothpick or an additional thick rosemary stem.
3. Cook chicken breasts until no longer pink in the center and the juices run clear, about 8 minutes per side. An instant-read thermometer inserted into the center should read at least 165 degrees F (74 degrees C). Stay near the grill to combat any flare-ups from the bacon. Remove the toothpicks before serving.
Source: allrecipes.com

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

Stunning Prow House-Style Residence Situated on a Premium Golf Course Lot: 113 Sand Trap, Offered at $460,000


Welcome to 113 Sand Trap Lane, where modern comfort meets timeless charm in this stunning Prow House-style residence situated on a premium golf course lot. Boasting over 3500 sqft of meticulously crafted living space, this 3-bedroom, 3-bathroom home offers a serene retreat for its fortunate owners. Step inside and be greeted by an inviting foyer embellished with beautiful hardwood floors, setting the tone for what awaits within. To the right, a versatile formal living room awaits, perfect for transforming into your dream in-home office or flex space to suit your lifestyle. The main level graciously hosts the primary bedroom, strategically positioned for convenience and privacy. Revel in the luxury of an attached bath, providing ample space for relaxation and rejuvenation. With easy access to the outdoors and his and her closets, this ensuite sanctuary promises a slice of paradise for its occupants, offering a tranquil haven to unwind and soak away the day’s stresses. Continuing your journey through the home, discover a formal dining room and an additional bedroom and full bath, thoughtfully arranged to accommodate family and guests with ease. Prepare to be captivated as you enter the heart of the home, where an open-concept space unfolds beneath vaulted ceilings. Here, an eat-in kitchen seamlessly transitions into a cozy family room adorned with a fireplace, creating an inviting ambiance that attracts gatherings and celebrations. Ascend the stairs to reveal an expansive loft area, offering endless possibilities for relaxation, and recreation, with a third bedroom complete with an accommodating full bath, this upper-level retreat ensures comfort and versatility for all who reside within. Convenience meets functionality in the garage area, where ample storage space and a 2-car garage provide practical solutions for organization and accessibility. Nestled in a desirable location, 113 Sand Trap Lane invites you to embrace a lifestyle of luxury and tranquility. Don’t miss your opportunity to make this exquisite residence your very own oasis – schedule your private tour today and prepare to be captivated by all that awaits! Nestled in a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there’s something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle. Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $200,000+ to over $2,000,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don’t just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

Fun With Dad This Father’s Day

“What I have been trying so hard to tell you all along is simply that my father, without the slightest doubt, was the most marvelous and exciting father any boy ever had.” – From Danny the Champion of the World by Roald Dahl.

To the father figures in your life – dads, stepdads, fathers-in-law, grandfathers, and mentors – knowing you appreciate their efforts is all they’ve really ever hoped for.

While making or finding the perfect gift is always an amazing way to show appreciation, if you’re looking for a more active way to show Dad he’s your one-of-a-kind, best-of-the-best, real-world superhero this Father’s Day, you’re in luck. Whether your dad loves to spend his free time golfing, visiting music festivals, hiking and fishing, or backyard barbequing, one of these ideas is sure to inspire a day your dad will love.

Fresh air and sunshine
A little time outdoors could be just the ticket to have Dad smiling from ear to ear. Plan a family hike or bike ride, an afternoon fishing, an outing at the zoo or the beach, take in a ball game, or hang out in your own backyard. You can bring a picnic lunch, host a family cookout, or plan a fun meal out at a restaurant with outdoor seating.

It’s all fun and games
Few dads would pass up the chance for some good old-fashioned fun with the family! Think family kickball, pickleball, or disc golf; board games, bocci ball, bag-toss, horseshoes, or a round of golf. Try a video game tournament or have the kids make backyard carnival games with prizes! Knock his socks off with a trip to an amusement park, water park, go-kart track, arcade, or trampoline park.

Out on the town
If Dad likes to go out on the town, look for a comedy show, farmer’s market, or museum. Many towns host festivals or live music events this time of year, carnivals, and car shows. Make it a whole event with ice cream and a stroll around town, and sign up for a cooking class, or trivia at his favorite restaurant.

Everything is better together
Whatever your dad likes, it’s always better together! It could be just the immediate family or a giant group celebration. No matter your plans, making time on everyone’s schedule for some fun and memory-making will make this Father’s Day one to remember.

Sources: almanac.com & goodhousekeeping.com

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

The word welcome in multiple languages

Warm Welcomes and Happy send-offs!

Licata Group would like to extend a warm welcome to all the new homeowners! We often have really fun events hosted throughout the year, do frequent giveaways (think lotto scratchers, pies, FredNats tickets, just to name a few!), and also provide real estate market updates as well as local upcoming community events. We would like to take this opportunity to invite you to join our newsletter so you can never be without it! Sign up here. Or call our office at 540-388-2541.

Donald & Jean MacIntosh

Christopher & Carol McDonald

Rita Cahill and John Cahill

Michael Wayne Lempke

Michael & Teresa Padgett

Darren & Deborah North

Karla Flores Rivera

Ronald Rivera Diaz

Lark & Young Ahn

Weston & Malynda Gillies

Arthur & Deanna Schwalb

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

May 2024 Lake of the Woods Monthly Real Estate Statistics

In May, 22 homes were SOLD in Lake of the Woods.

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

29 Active/Coming Soon Listings for Sale
27 Homes Under Contract
86 Homes Sold since January 1, 2024.

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

Lakeside Serenity: 504 Cornwallis Ave. Offered at $889,900

Welcome to this stunning 1.5-level traditional-style home, perfectly nestled on a picturesque waterfront lot. This home offers 3 spacious bedrooms, 2.5 bathrooms, and a 2490 sqft of beautifully designed living space.

Step inside and be greeted by an open and airy living room with vaulted ceilings, a cozy fireplace, and breathtaking lakeside views. The eat-in kitchen is a culinary haven, equipped with everything you need to create delicious meals. Adjacent to the kitchen, a sunroom offers serene lake and dock views, perfect for enjoying your morning coffee or unwinding in the evening.

The primary bedroom is a private retreat, complete with an ensuite bath that serves as your personal oasis, ideal for melting away the day’s stress. Step out onto the screened porch off the primary bedroom, and relax with your favorite beverage while soaking in the tranquil lake views.

Ascend the stairs to find two additional bedrooms, a full bathroom, and a versatile bonus room, perfect for creating lasting memories with family and friends. This fantastic home also features a 2-car garage, and an open deck perfect for grilling and outdoor gatherings.

Imagine weekends spent fishing off the dock, hosting barbecues on the deck, and cozying up by the fireplace on cool evenings. This home isn’t just a place to live—it’s a place to create cherished memories for years to come.

Nestled in a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there’s something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle.

Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $200,000+ to over $2,000,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don’t just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

Energy-Efficient Home Improvements to Make Your Home More Sustainable

Key Facts:

  • Learn how upgrading to LED lighting and smart thermostats can significantly reduce energy usage and lower utility bills.
  • Discover how smart appliances and window coverings can improve convenience and control over your home’s environment.
  • Explore how sustainable landscaping and water-saving fixtures not only save money but also add to your home’s market appeal and environmental sustainability.

In today’s competitive housing market, homes are selling for high prices, with buyers eager to find properties with the right features. Many homeowners think first of updating kitchens and bathrooms to add value, but energy-efficient home improvements are also a smart choice. These upgrades not only increase your home’s value but also help cut down on energy bills. Making your home more energy-efficient can make it more attractive and functional, offering a great return on investment for any homeowner.

Living room and kitchen interior in energy-efficient home

Smart Lighting and LED Solutions

One of the easiest and most impactful energy-efficient upgrades you can make is to your lighting. Replacing old incandescent bulbs with LED lighting can reduce your energy use by up to 90% and give you bulbs that last 25 times longer. Smart lighting systems go even further; they detect when you’re in the room and adjust accordingly, so lights aren’t left on unnecessarily. Plus, you can control these systems remotely, which adds convenience and helps save more energy.

energy-efficient home improvement: smart lighting

Smart Thermostat and HVAC Upgrades

Smart thermostats can transform how you manage your home’s heating and cooling. These devices get to know your family’s daily patterns and adjust the temperature based on whether anyone is home, which reduces energy use and cuts costs. They keep your home comfortable when you’re there and save energy when you’re not. Plus, you can control these thermostats remotely, which adds convenience and can lead to even more savings over time.

smart thermostat in home

Smart Window Coverings

Smart window coverings are a great way to boost your home’s energy efficiency. These advanced coverings automatically adjust to control the amount of natural light and manage indoor temperatures, which means you rely less on artificial lighting and your heating or cooling systems. They also improve privacy and enhance the look of your rooms, making them an excellent choice for any home focused on energy efficiency.

modern living room with large windows and energy-efficient window coverings

High-Efficiency Smart Appliances

Investing in smart appliances that have high Energy Star® ratings can greatly reduce how much energy and water your home uses. These appliances, including refrigerators, washers, and air conditioners, adjust their energy use to meet your needs, which can lower your utility bills and reduce your environmental footprint. They also come with improved performance and additional features, giving you more control and making daily chores easier and more efficient.

modern kitchen with energy-efficient appliances

Sustainable Landscaping 

The design of your outdoor space plays a role in your home’s energy efficiency. Sustainable landscaping, like planting deciduous trees, helps keep your home cooler in the summer and warmer in the winter by regulating exposure to sunlight. Adding water-efficient elements such as drought-tolerant plants and permeable paving not only reduces your environmental impact but also keeps your garden looking great and working efficiently.

closeup of flowers in windowbox

Water Conservation Techniques

Water-saving fixtures, including low-flow faucets, low-flow toilets, and rainwater harvesting systems, are essential for saving water. These installations can lower your water bill and promote sustainable water management practices that help everyone. By using these technologies, you’re not only saving money but also contributing to a healthier environment.

closeup of gold kitchen faucet and blue cabinets

Step Up Your Home’s Value with Smart Energy Solutions

Making energy-efficient home improvements goes beyond following a trend; it’s a practical approach to upgrading your living space and investment. Whether you’re looking to sell your home soon or simply aiming to reduce your environmental impact, these upgrades can deliver immediate benefits. They not only save on energy costs but also boost your home’s market value. Consider these sustainable improvements to make your property more appealing to today’s eco-aware buyers and stand out in the market.

The post Energy-Efficient Home Improvements to Make Your Home More Sustainable appeared first on Dakno Blog.

Understanding the Difference Between Title and Deed for Home Buyers

When buying a home, two critical terms you’ll encounter are “title” and “deed.” While they are closely related and both essential in the real estate process, they refer to different concepts. Understanding the distinction between them is crucial for any potential home buyer. Let’s break it down in simple terms.

What is a Title?

The title is not a physical document. Instead, it represents the legal concept of ownership. When you hold the title to a property, it means you have the legal rights to use and modify that property. The title encompasses all your rights, interests, and ownership of the property.

Think of the title as a bundle of rights that includes:

  • The right to occupy and use the property.
  • The right to sell or transfer the property.
  • The right to lease it out.
  • The right to use it as collateral for a loan.

The title ensures that you legally own the property and can exercise these rights without interference, provided you comply with local laws and regulations.

What is a Deed?

A deed, on the other hand, is a physical document. It is the written proof that shows you have transferred the title (ownership) from one person to another. The deed is what legally records the change in ownership and is typically filed with the local government.

Key elements included in a deed:

  • Grantor and Grantee: The grantor is the person selling or transferring the property, and the grantee is the person buying or receiving it.
  • Description of the Property: This includes the legal description of the property, which accurately defines its boundaries and location.
  • Signatures: The deed must be signed by the grantor and, in many cases, notarized to be legally binding.
  • Delivery and Acceptance: The deed must be delivered to and accepted by the grantee.

How Do They Work Together?

When you buy a home, here’s how the process typically unfolds:

  1. Title Search: Before the sale, a title company conducts a title search to ensure the title is clear of any liens, disputes, or other issues that could affect your ownership rights. This search verifies that the seller has the legal right to sell the property.
  2. Signing the Deed: At closing, the seller (grantor) signs the deed, transferring ownership to you (the grantee). This document is then typically recorded in the public records of the county where the property is located.
  3. Receiving the Title: After the deed is recorded, you receive the title to the property. This means you now hold all the legal rights and ownership interests associated with the property.

Why Understanding the Difference Matters

  • Legal Protection: Knowing the difference between title and deed helps you ensure that you are legally protected. Ensuring a clear title and having a properly executed deed are fundamental to safeguarding your property rights.
  • Financing and Selling: When you seek to finance or sell your home, a clear understanding of these terms will help you navigate the processes smoothly. Lenders and future buyers will require proof that you have a clear title and a properly recorded deed.
  • Peace of Mind: Understanding these concepts can give you peace of mind, knowing that your ownership is secure and legally recognized.

In summary, the title is your legal ownership of the property, while the deed is the document that transfers that ownership from one person to another. Both are crucial in the real estate process and understanding them will help you make informed decisions when buying your home.

We hope this info helps you understand an important piece of the buying and selling process. We at Licata Group are always happy to answer any questions you may have.

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

Understanding Home Appraisals: A Crucial Step in the Home Buying Process

Buying a home is one of the most significant financial decisions you’ll ever make. As you navigate through the complex process, one crucial step often overlooked by many homebuyers is the home appraisal. In this blog post, we’ll delve into what home appraisals entail, why they are essential, and how they can impact your purchase.

What is a Home Appraisal?

A home appraisal is an unbiased estimate of a property’s fair market value conducted by a licensed or certified appraiser. The appraiser evaluates various factors to determine the home’s worth, including its size, condition, location, amenities, and recent sales of comparable properties in the area.

The Home Appraisal Process:

  1. Inspection: The appraiser visits the property to assess its condition, size, features, and overall quality. They take note of any improvements or deficiencies that may affect its value.
  2. Market Analysis: The appraiser researches recent sales of similar properties (comparables or “comps”) in the neighborhood to determine the property’s market value.
  3. Appraisal Report: Based on their findings, the appraiser prepares a detailed report that includes their opinion of the property’s value. This report is submitted to the lender and/or buyer.

Why Are Appraisals Important?

1. Protecting Lenders: Lenders require appraisals to ensure that the property serves as sufficient collateral for the mortgage loan. The appraisal helps the lender determine if the property’s value justifies the loan amount.

2. Informing Buyers: Appraisals provide buyers with an independent assessment of the property’s value. This information can help buyers make informed decisions about their purchase, negotiate the price, or reconsider their offer if the appraisal comes in lower than expected.

3. Avoiding Overpaying: An accurate appraisal can prevent buyers from overpaying for a property. If the appraised value is lower than the agreed-upon purchase price, buyers may renegotiate with the seller or reconsider their offer.

4. Securing Financing: Many lenders require a satisfactory appraisal before approving a mortgage loan. If the property appraises for less than the loan amount, the lender may refuse to finance the purchase or require the buyer to make a larger down payment.

How Can Appraisals Affect the Purchase?

1. Impact on Financing: If the property appraises for less than the agreed-upon purchase price, buyers may struggle to secure financing for the full amount. They may need to make up the difference in cash, renegotiate with the seller, or risk the deal falling through.

2. Negotiating Power: A low appraisal can give buyers leverage in negotiations. They may use the appraisal report to negotiate a lower purchase price or request that the seller make repairs or concessions to compensate for the discrepancy.

3. Time and Costs: A delayed or contested appraisal can prolong the closing process and incur additional costs for both parties. Buyers may need to pay for a second appraisal or seek alternative financing options if the initial appraisal is deemed unacceptable.

In conclusion, home appraisals play a vital role in the home-buying process, providing an objective assessment of a property’s value. Understanding the appraisal process and its implications can help buyers navigate negotiations, secure financing, and make informed decisions about their purchases. Whether you’re a first-time buyer or a seasoned homeowner, being aware of the appraisal’s significance ensures a smoother and more successful home-buying experience.

For more information about the home buying or selling process, we welcome the opportunity to be a trusted resource.

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

What to Expect During the Closing Process: A Comprehensive Guide for Home Buyers

Congratulations! You’ve found your dream home, negotiated the terms, and now it’s time for the closing process. Closing, also known as settlement, is the final step in the home-buying journey where ownership of the property officially transfers from the seller to the buyer. In this blog post, we’ll break down what happens during the closing process and provide essential information on the documents you’ll need to sign and what to bring to the closing table.

Understanding the Closing Process:

  1. Scheduling the Closing: Once all parties have agreed to the terms of the sale, a closing date is set. This date is typically determined by mutual agreement between the buyer, seller, real estate agents, and the closing agent or escrow officer.
  2. Title Search and Title Insurance: Before closing, a title search is conducted to ensure there are no liens, disputes, or claims on the property that could affect the transfer of ownership. Title insurance is then obtained to protect the buyer and lender against any unforeseen issues with the title if a mortgage is being obtained…
  3. Finalizing Loan Documents: If you’re financing your purchase with a mortgage loan, your lender will prepare the loan documents for you to sign at closing. These documents outline the terms of your loan, including the interest rate, repayment schedule, and any associated fees.
  1. Reviewing Closing Disclosure: At least three days before closing, you’ll receive a Closing Disclosure from your lender. This document provides a detailed breakdown of the final closing costs, including the loan amount, interest rate, closing fees, and any prepaid expenses. Review the Closing Disclosure carefully to ensure all the terms are accurate and in line with your expectations.
  2. Signing Documents: On the day of closing, you’ll meet with the closing agent or escrow officer to sign the necessary documents. Some of the key documents you’ll encounter include:
    • Promissory Note: This document outlines your promise to repay the mortgage loan according to the agreed-upon terms.
    • Mortgage/Deed of Trust: This document secures the loan against the property and gives the lender the right to foreclose if you fail to repay the loan.
    • Closing Disclosure: You may need to sign a final version of the Closing Disclosure to acknowledge that you’ve reviewed and understand the closing costs.
    • Title Documents: You’ll receive the title to the property, along with other relevant title documents, affirming your ownership rights.
  3. Funding the Loan: Once all documents are signed, the lender will fund the loan. This involves transferring the loan proceeds to the seller or their lender and paying off any existing mortgages or liens on the property.
  4. Recording the Deed: After funding, the deed and other legal documents are recorded with the appropriate government office. This officially transfers ownership of the property from the seller to you as the buyer.
  5. Receiving Keys: Finally, once the closing process is complete and the funds have been disbursed, you’ll receive the keys to your new home. Congratulations, you’re now a homeowner!

What to Bring to Closing:

  1. Photo Identification: Bring a government-issued photo ID, such as a driver’s license or passport, to verify your identity.
  2. Certified Funds: You may need to bring a cashier’s check or arrange for a wire transfer to cover any closing costs or down payment required at closing. Check with your lender or closing agent beforehand to confirm the amount and payment method.
  3. Proof of Insurance: Your lender may require proof of homeowner’s insurance before closing. Bring a copy of your insurance policy or contact your insurance provider to arrange for coverage.
  4. Any Required Documentation: If your lender or closing agent has requested any additional documentation, such as proof of income or employment, make sure to bring these documents to closing.

By understanding the closing process and being prepared with the necessary documents, you can ensure a smooth and successful closing experience. If you have any questions or concerns about the closing process, don’t hesitate to reach out to your real estate agent, lender, or closing agent for assistance. Happy closing, and welcome to your new home!

Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.