Lake of the Woods Market Statistics, through December 29, 2017: Here are 6 steps to staging your house and some other tips & tricks as well! The Lak By Pat Licata, REALTOR By Pat Licata, REALTOR Happy Father’s Day By Pat Licata REALTOR® Happy Father’s Day from all of us at the Licata Group! Happy Memorial Day from The Licata Group Real Estate Team! By Pat Licata REALTOR Owning a home, and eventually selling it, can offer you opportunities for deductions on your taxes, and we wanted to outline the major tax breaks for homeowners today. Are you taking advantage of these tax benefits? In many cases, you can fully deduct the amount of your mortgage interest on your taxes. The IRS has a chart you can use to help determine if your mortgage interest is fully deductible. Available until the end of this year, homeowners who have installed solar hot water heaters, solar electric systems, wind turbines, or qualifying energy-efficient home improvements can take a tax credit as part of the Residential Energy Efficient Property Credit. In addition to deducting your mortgage interest, you can also deduct the annual taxes you pay on your home’s value, called real estate taxes. If you have been considering buying a home in Lake of the Woods or elsewhere in the area and are ready to start your search, we can help you find the perfect home that falls within your budget and provide you with helpful real estate resources to make the journey to homeownership as smooth and enjoyable as possible.
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December 2017 Lake of the Woods MARKET Statistics
72 active homes for sale
19 homes under contract
293 homes sold since January 1, 2017.
Thinking of buying or selling?
Allow Pat Licata to achieve your desired results!
To view Lake of the Woods active listings, click here.
Low Inventory & More Buyers, What Does This Mean for You?
According to Zillow data the houses in the United States listed in early May tend to sell 18.5 days faster than the average listing and for nearly 1% more of the average price!
There is still low inventory of houses on the market across the country, which has influenced the prediction of the May trend. Before, homes listed between mid-March and mid-April sold quicker and for the highest price.
Another influence is weather. Here on the east coast when the colder weather sets in, houses tend to sit on the market longer. With warm weather right around the corner, Zillow’s predictions for the Washington, DC market (which is the market closest to us in Locust Grove/Fredericksburg, VA) the ideal time to list your home is April 16 – April 30th and it will have a faster than average closing time of 18 days.
Inventory is low – let us help you sell your home today!
We may already have a buyer ready for you!
Contact Pat Licata today.
Staging Your House
Are you selling your home? Has an agent ever called you to tell you they have a potential buyer on the way ???
Check out the video below that gives you some tips & tricks to staging your home at the last minute!
If you need any help with staging or would like to learn more about this, contact Pat Licata today!
Lake of the Woods Celebrates 50 Years!
e of the Woods Association is celebrating its 50th year as a homeowners association in 2017. And the celebration continues all year long! While Lake of the Woods is a community that offers a substantial number of activities each and every year, this anniversary has added even more! As a matter of fact, a Lake of the Woods exhibit is now on display at the James Madison Museum in Orange through April 2, 2017. Here’s a list of events so far, and I’ll bet more will be added:
Calendar of Events
Until next time…it’s another beautiful day at the lake
Pat Licata, REALTOR
Black Barcodes Available at Lake of the Woods
By Pat Licata, REALTOR
At the request of many Lake of the Woods residents, LOW Association has recently made black barcodes available for those who prefer a less obvious window sticker. These new barcodes are less noticeable on tinted windows. If you’d like one, visit Security for assistance.
It’s another beautiful day at the lake!
To view available homes in Lake of the Woods, click here!
LOW Annual Art Show October 15-16, 2016
One of my very favorite fall events, The Annual Art Show, sponsored by the LOW Visual Arts Council, is fast approaching! Held October 15th and 16th, this fun annual event allows local artists, both professional and amateur, to showcase their work and gives you the opportunity to take it home!
Get ready to view works from artists of past years: Pete Brown’s oil paintings, Bob Gibson’s photos, Helga Birdsong’s floral arrangements, and my friend, Patty Bell’s, watercolors. Patty is also a swan enthusiast and has been my partner in a few swan rescues. If you’ve never seen her swan watercolors, you simply must…They are stunning! Nate Smith, who amazed us with driftwood sailboats last year, plans to expand his exhibit for 2016. Martha Manigross, a new resident who will be participating for the first time, creates wearable art and wall hangings.
Forms are available in the Holcomb Building lower level foyer and at the Community Center if you would like to participate. Please contact Jan Moore at 972-9355 or Sallie Wallace at 972-0412 if you have questions.
To view homes for sale in Lake of the Woods, click here!
It’s another beautiful day at the lake!
Annual LOW Lioness Club Luncheon
Always a fun event, the Annual LOW Lioness Club Card Party, Luncheon, and Fashion Show will be held on Friday, September 23, 2016, from 9 AM to 3 PM. Fashions will be presented by Dress Barn of Central Park. Cost is $26. Please RSVP by September 16 to Jan at 972-8888.
To see homes for sale in Lake of the Woods, click here!
It’s another beautiful day at the lake!
Happy Father's Day!
“It’s another beautiful day at the lake!”
Happy Memorial Day from The Licata Group Real Estate Team!
Thank you for your service!
“It’s another beautiful day at the lake!”
Take Advantage of These Homeowner Tax Breaks
There are many benefits to owning a home: A home is an investment that can earn equity, is often cheaper to buy than to rent, and is your own place that you can fill with wonderful memories.
But another great benefit about owning a home is the financial benefits that you can take advantage of during tax season.Major Tax Breaks for Homeowners
Deduction for Mortgage Interest
A mortgage interest credit is available for lower income homeowners for part of the home mortgage interest that they pay.Credit for Energy-Efficient Home Improvements
The credit is for 30% of the cost for these energy-efficient home improvements.Deduction for Property Taxes
Deduction for Capital Gains
If you have used your home as your primary residence when you sell, you can exclude up to $250,000 in capital gains from the home sale on your taxes (or $500,000 if you are married filing jointly).
To learn what other tax benefits you may take advantage of, visit the Credits and Deductions page on the IRS website or read this MarketWatch article about other tax breaks for homeowners.Let Us Help You Find the Perfect Home
Contact us today at 540/735-7998 and let’s talk about your goals for owning a home.
Until next time…It’s another beautiful day at the lake!
Pat Licata – Realtor
