December 2017 Lake of the Woods Monthly Statistics

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By Pat Licata-REALTOR
In Lake of the Woods for December the statistics are as follows: A total of 19 homes were sold, 17 were  standard sales and  1 was  a short sale and 1 was a foreclosure. 3 sold for  under $175K, 9 between $175-250K,  and 5 between $250-350K , and 2 sold for over $350,000.. Additionally 4  lots were sold for under 20,000.
Whether your looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia, we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove and Central Virginia. We are your proven Real Estate professionals. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The Question is how much is it worth? 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: LOW Active Listings.
It’s another beautiful day at the lake!

Locust Grove ROCKS!

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What is Locust Grove ROCKS!?
If you haven’t heard of the latest trend, you must be living under a rock! There are pages and pages of photos flooding Facebook of kids and adults finding & painting rocks in their communities. So, what’s the big idea about some painted rocks anyway? People of all age ranges from 2 to 50+ years old are spreading joy throughout their communities by painting and hiding rocks. Others go out and find these rocks and re-hide them or save them until they’re ready to part.
How did this craze being? Blogger, Megan Murphy, says she started by painting a few rocks around where she lived in Cape Cod and leaving them in public places for people to find. How exciting it is to find a painted rock with cool designs or an inspiring message! She encouraged others to participate and began receiving such positive feedback and the movement took off! She mentions on her blog, that she has seen this trend extend all the way to Canada, Australia, New Zealand, Germany, Ireland, Thailand, Haiti, Italy and even England.
There are many different Facebook pages you can follow if you’d like to participate and see photos of peoples finds and hints to where they’ve hidden them! LocustGroveROCKS and the Burg Rocks are just a few! The admins encourage everyone to paint, find and hide rocks and then post photos. It’s been a positive impact on the community, coming together to have a fun time! There are even free “classes” or meet-ups to support everyone coming together to paint rocks!
Here in Locust Grove, Licata Group has found a few rocks of our own hidden in plain site by our local office! We are enjoying participating finding & re-hiding these rocks for others to find! Not sure where to find rocks to paint? Come visit our office! We have a huge bucket of free rocks to give to anyone who wants to continue to spread positive and inspiring messages for others to find! Our office is located at: 36111 Goodwin Dr, Locust Grove VA. Please visit during normal business hours: Monday – Friday, 8:30am – 5pm !
Jane showing the rock she found outside our office!!

June 2017 Lake of the Woods Real Estate Stats

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By Pat Licata-REALTOR
In Lake of the Woods in June, a total of 17 homes were sold, all of which were standard sale, 2 sold between $100-$175K, 7 between $175-250K,  and 5 between $250-350K , and 3 for over 350,000. Two lots also sold, for under $35,000.
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings
It’s another beautiful day at the lake!
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Community Map

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Click Map for Full View

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Area Map

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[vc_row][vc_column][ultimate_google_map height=”600px” lat=”38.348465″ lng=”-77.745856″ zoom=”12″ maptypecontrol=”true” zoomcontrol=”true”]Take a virtual trip around the area. You will find many amenities throughout the area.[/ultimate_google_map][/vc_column][/vc_row]

Buyers FAQs

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5 Common First Time Home Buyer Mistakes

  1. They don’t ask enough questions of their lender and end up missing out on the best deal.
  2. They don’t act quickly enough to make a decision and someone else buys the house.
  3. They don’t find the right agent who’s willing to help them through the homebuying process.
  4. They don’t do enough to make their offer look appealing to a seller.
  5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Answering Your Home Buying Questions

Buying a home is both thrilling and a bit unnerving, especially if you’re a first-time home buyer. Both experienced home buyers and first-time buyers alike will benefit from the frequently asked questions below. Before you begin your Lake of the Woods search, Pat recommends that you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision, with her expert advice and counsel, of course!
Q – I’ve never purchased a home before.  Where should I begin?
A – Actually, you’ve already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or homes would be to:

  • Familiarize yourself with your personal finances.
  • Learn about the Lake of the Woods real estate market.
  • Carefully review your budget and begin to eliminate as much debt as possible.
  • Have a down payment and earnest money ready when the time comes to act and make your offer.

Your next step is to contact Pat. As your home buying specialist, Pat will protect your interest and manage the details of the real estate transaction on your behalf to your complete satisfaction.  For more experienced buyers, a little brush up on the real estate process wouldn’t be a bad idea, either, as this is an ever-changing industry. Of course, you’ll need Pat’s dedication, knowledge, and expertise to protect your interests too!
Q – With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A – You should select a lending consultant. I am happy to recommend several trusted lending professionals, or you may choose your own. Having total confidence in your lender is important. Be sure you feel completely at ease with them.  They should speak to you in easy to understand terms.  Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. And interest rates are extremely attractive! Of course, the type of loan best for you depends on several factors. Here are just a few:

  • How much money do you have for a down payment?
  • How long do you plan to live in the home?
  • Do you qualify for a FHA or VA loan?

Because there is a wide array of homes on the market in Lake of the Woods, Orange County, your choices are plentiful, and the time is right for you to buy!