Tag Archives: real estate

LOT For Sale in Lake of the Woods, VA 301 Yorktown Blvd Offered at $55,000

Imagine your dream home here! Nicely level wooded lot near beaches and parks. Amenity-rich Lake of the Woods offers so many choices: play golf, jump in the lake, swim at the pool, work out at the fitness center, or dine at the clubhouse overlooking the pristine lake, the choice is yours. For more information on 301 Yorktown Blvd, 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.

Beautiful Home For RENT in Lake of the Woods, VA 312 Yorktown Blvd

Come see what this lake life is all about! Enjoy one level living with an open floor plan, spacious living room with vaulted ceilings and floor to ceiling stone fireplace. Amazing kitchen with newer appliances and all the amenities. You will love the owner’s suite with en-suite bath and walk in closet. Relax on your rear deck and enjoy a meal in your own gazebo with a wooded private backdrop. APPLICATION FEE IS $30.00. BACKGROUND, CREDIT AND EMPLOYMENT VERIFIED. A 600+ CREDIT SCORE IS REQUIRED. NO PETS AND NO SMOKING! NO EXCEPTIONS!! For more info on 312 Yorktown Blvd, 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.

What Makes Today’s Real Estate Market So Competitive?

Key Takeaways

  • This year’s housing market is shaping up to be the most competitive on record, but the pandemic isn’t the only thing influencing the national real estate boom.
  • There are actually quite a few factors contributing to today’s hot market, including unfettered buyer demand, historically low supply, and steady interest rates.
  • Have questions about buying a home in 2021? Get in touch with us for even more personalized advice.

3 Factors That Make 2021’s Real Estate Market More Competitive Than Ever

If you’re planning a move, you might be wondering how the real estate market will change this year—and the predictions are pretty eye-opening. Existing home sales are expected to increase by 9%, home prices could rise by a whopping 8%, and mortgage rates should stay well below 4% for the foreseeable future. 

For buyers, this means you may have to work harder than usual to find the perfect place. However, this extra effort will pay off if you have a home to sell or want to take advantage of extraordinarily low interest rates. 

Need help making sense of today’s market? Here are a few reasons why real estate is more competitive than ever in 2021. 

The ongoing pandemic

Buying a home during the pandemic

A year ago, real estate experts had no idea how the COVID-19 pandemic would impact the housing market. While many predicted a crash akin to what we saw in 2008, we actually saw the opposite: a pandemic housing boom.

During last year’s lockdowns, many renters and homeowners grew unhappy with their living situations and wanted a change. This caused demand for homes to spike—and as panicked sellers pulled their listings, prices rose higher and higher.

The pandemic might slowly be coming to an end, but we’re still seeing remnants of 2020 in today’s market. And while more sellers are finally warming up to the idea of listing again, available housing supply is still at its lowest point ever.

Record-low interest rates

Dice changing rates

In late March, interest rates for 15- and 30-year mortgages hovered around 2.5% and 3.3%, respectively. Although these numbers aren’t quite as low as they were in 2020, buyers can still score a once-in-a-lifetime deal by moving now.

To put things into perspective, let’s say you’re thinking about buying a $300,000 house with a 20% down payment. Back when rates were nearing 4%, you could expect to pay around $1,200 per month for your mortgage. However, if you were to buy that same home with a 3% interest rate, your payment would drop to just $1,012—and that difference can save you tens of thousands of dollars over time.

Low inventory & unprecedented buyer demand

Sold sign

Real estate is all about supply and demand. And in today’s competitive market, an inventory shortage and swelling buyer demand have created perfect conditions for sellers. In particularly popular areas, it’s not uncommon for homes to sell just days after they’re listed, sometimes in bidding wars that go above the original asking price.

If you’re thinking about buying a home soon, be prepared to act fast. Many agents recommend getting pre-approved, limiting your contingencies, or even setting an escalation clause to automatically outbid other buyers.

Bottom Line: Now Is the Time to Move

Navigating 2021’s one-of-a-kind real estate market may seem like a daunting task, but the right agent will help you through every step of the process. Today’s buyers can capitalize on shockingly low interest rates, while sellers stand to make an impressive profit should they decide to list soon. And if you ever have any questions, we’re always here to help!

Buying or Selling Soon? Let’s Talk!

Don’t let the market keep you from making a move. If you’re ready to achieve real estate success in no time at all, drop us a line to get started. We’d love to offer you one-on-one buying or selling advice that’s tailored to your unique needs.

Open House On Saturday 4/3 and Sunday 4/4 From 1 PM – 3 PM in Lake of the Woods, VA!

Join us this Saturday 4/3 & Sunday 4/4 as we show off these two beautiful homes for sale in Lake of the Woods, VA! Face masks will be required to enter, and social distancing is highly recommended. For more information about the home, click the links below!

102 Happy Creek Road, Lake of the Woods, VA Priced at $299,900

112 Woodlawn Trail, Lake of the Woods, VA Priced at $899,900

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.

Stunning Waterfront Home For Sale in Lake of the Woods, VA 112 Woodlawn Trail Now UNDER CONTRACT!

Imagine the memories you’ll make with family and friends as your waterfront adventure begins! Spectacular views,  dock with boat slip, and a contemporary house with a true lake house feel make this one “the one!” You’ll love spending your days at the dock either relaxing or floating on a raft, jumping in the water, or onto your watercraft of choice. A screened porch and deck provide endless opportunities to enjoy the outdoors in addition to the fabulous dock area.  Once inside, you will love the hardwood floors,  fireplace to keep you warm on cold nights, and the open feel of this home. The cathedral ceilings and all the windows add to the lake house feel. For more information on 112 Woodlawn Trail, 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.

Waterfront LOT For Sale in Lake of the Woods, VA 22508 605 Lakeview Pkwy Offered at $550,000

Imagine wonderful sunrises from the perfect lake home or dock, designed by you and built for you! Whether you enjoy your day on the boat, kayak, jet ski, simply swimming or floating from your dock, or entertaining family and friends, this lot provides the ideal setting for your dream home. So let’s get this lake home and lake life started! Situated on the main lake, you’ll love the lifestyle! For more information on 605 Lakeview Pkwy, 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.

open house general

🚨Open House Alert🚨 Saturday 3/27 and Sunday 3/28 From 1 PM – 3 PM in Lake of the Woods, VA!

Join us this Saturday 3/27 & Sunday 3/28 as we show off this beautiful WATERFRONT home for sale in Lake of the Woods, VA! Face masks will be required to enter, and social distancing is highly recommended. For more information about the home, click the link below!

108 Cumberland Circle, Lake of the Woods, VA Priced at $349,900

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.

Waterfront Home For Sale in Lake of the Woods, VA 108 Cumberland Circle Now UNDER CONTRACT!

Welcome to 108 Cumberland Circle! This meticulously renovated, turn-key waterfront home (almost everything is new in 2021!) is perfectly nestled among the trees on Keaton Lake, while also offering fabulous golf course views. So grab your fishing pole, kayak, or camera, and let’s get this lake life started! You’ll fall in love as soon as you turn onto the tree-lined driveway providing privacy from the road. The landscaping, inviting front porch, walking paths to the lake, screened porch, decks, and the abundance of privacy will make this one “the one” prior to even stepping inside…but wait until you do! Once you enter through the solid oak door, the elegant foyer and incredibly spacious living room which flows so easily into the dining area will impress. Your gourmet kitchen is equipped with stainless steel appliances, an island and granite counter tops. A main level owner’s suite with en-suite bath will be sure to please, as well as another bedroom (or office, which will make working from home a breeze). The upper level boasts two additional bedrooms and a stunning full bath. Imagine sitting on the screened porch and listening to nature serenade you. All of this and a view of the golf course and fountain are just an added bonus.

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.

Finding an Ideal Home When Starting or Growing A Family

When you decide to have kids, your housing priorities change. A small and cozy apartment may be perfect for a single person or a couple, but life with kids in a minimal space is more than challenging. Growing families will often outgrow their previous homes and decide to move to a better one for their needs. Searching for your dream house is exciting, but be ready to make many important decisions about the next chapter of your life. Here’s what you need to know about finding an ideal home when starting or growing a family.

Timing

There is no universally right timing for buying a home. Many millennial homebuyers are currently searching for homes for their families. Some decide to buy before they have children, while others wait. Everything has some pros and cons:

  • If you buy a family home before having kids, you’ll have room to grow, and maybe you’ll be more relaxed. You won’t have to move while expecting a baby and going through a rollercoaster of emotions that all parents-to-be face. The downside to this timing is that you might not know all your parenting decisions yet, which may affect the home buying process.
  • If you wait until your baby is on its way, you may have a better picture of what you want for your kids. However, finding a home at that time and organizing a relocation may be very stressful for a pregnant woman.
  • Waiting until you have one or more kids will give you time to better understand the family’s needs and priorities. However, looking at homes while your kids are young can be overwhelming.

Whether you find yourself in any of these situations, just have in mind that finding an ideal home when starting or growing a family isn’t easy, but it’s worth any trouble.

When you already have kids, you know your family’s priorities, and that will impact
your home buying process.

Set your budget

Set your price range and know what you can afford. Think carefully about many factors. For example, if you’ll have more kids, will both parents be able to continue to work, and you’ll still have two incomes? What is your usual monthly budget? A large home will require more investment and more maintenance. The bigger the house, the higher the electrical bills and other utility bills will be. That’s why you need to consider energy-efficient appliances when home-hunting.

Location

No matter the timing, the budget, or the location, moving to a new home while having to juggle family and all other responsibilities will be challenging. What is important is that you choose a good long-term investment and consider all the factors before deciding. Probably some compromises will have to be made, so discuss everything together with your partner.

The main thing you want for your kids is a safe neighborhood with a family-friendly community and amenities. Research and check the quality of schools in the potential neighborhood, crime rates, and demographics. Then, drive around that area. Make a visit after school hours and on weekends. Do you see families with children? Are there many playgrounds, swing sets, or basketball hoops? Are there kids playing outdoors? Check nearby recreation and entertainment options – parks, recreation centers, pools, fitness centers, museums, etc.

Search for a family-friendly location with lots of parks and playgrounds, good schools, and a low crime rate.

Home size

When deciding on the home size, first create a list of your must-haves and nice-to-haves. If you know for sure that you’ll only have one child, a home with two bedrooms is desirable. However, if you’re expecting a second or a third child, look for a home with at least three bedrooms. Your children can share a room, but while one of them is still a baby, it may disturb the older brother/sister’s sleep. Think about all aspects, the present and future.

When your kids grow and become teenagers, they’ll probably need separate bedrooms and a place where they can hang out with friends. Furthermore, more and more people work remotely, so many young professionals are looking for a home office in a house. Think if you will need a guestroom. Pets are also members of a family and have needs. So consider the outdoor space too. A garden will also be crucial for your family gatherings during the summer, such as barbeques, birthday celebrations, family dinners, etc.

Location and home size are crucial for finding an ideal home when starting or growing a family.

Kid-friendly features

Finding an ideal home when starting or growing a family includes finding as many possible kid-friendly features. When looking at houses, you need to answer all of these questions:

  • Are the doors, windows, and stairs safe enough? Will your family be safe from break-ins or possible accidents? Stairs must be safely gated for the security of your baby and toddler.
  • Is there enough storage space? More kids – more stuff. As kids grow, they’ll have more and more clothes and toys, not to mention bicycles, various requisites, and sports equipment. You need as much closet space as possible to be able to store all their items.
  • How big is the yard? Kids need to spend time outside in the fresh air. A house with a big, fenced yard will ensure they have a safe place to play.
  • Is there a bathtub?  Look for a house that has at least one spacious bathtub; children love them.
  • Will you have a laundry room? A laundry room is actually one of the top home features for 2021. Everybody who has children needs to deal with lots of dirty clothes. Your washer and dryer should be conveniently placed in a laundry room that isn’t adjacent to the children’s room. They might wake each time the washer and dryer are on.
  • Is there an open-floor space? A kitchen should overlook the living room, so you’ll be able to cook while your kids are playing. Open spaces are great for family bonding, game nights, and movie nights.
  • Is a home kid-proofed? When expecting a child, baby-proofing is necessary. Install outlet covers and cabinet stops and replace outdated electrical systems.
  • Will you have enough space for parking? Is there a garage? This will all influence your everyday life.

Relocation to your dream home

Once you find all (or the majority) of these features in a home that you can afford, you can start the homebuying process. When the home is yours, the only thing left is to hire relocation experts that are right for you and prepare for a move. Pack your stuff carefully and methodically, and rely on a babysitter if necessary. It will make the situation easier for all of you.

Final thoughts

With all of this in mind, we hope that finding an ideal home when starting or growing a family will be successful and as quick and easy as possible. Once you move in, you’ll have countless happy moments and make thousands of happy memories together.

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 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

Stunning Home For Sale in Alexandria, VA! 8134 Keeler Street Now UNDER CONTRACT!

Welcome to 8134 Keeler Street! This beautiful classic Cape Cod is fully updated and move in ready! You will love the light filled family room with a gas fireplace for those cool nights, spacious kitchen with upgrades, oodles of cabinet and counter space, and a large formal dining room perfect for entertaining family and friends. Also, on the main level is a bedroom and full bath. In the Laundry/Mud room there are built in cabinets and room for storage. The upper level boasts two more large bedrooms and a full bath. The deck, located off of the laundry/mud room leads to a private, level backyard perfect for gardening and enjoying outdoor activities. An oversized one car garage and partially fenced backyard are a bonus. Close to Ft. Belvoir, Franconia/Springfield Metro, Hilltop Shopping Center, MGM Grand, Tanger Outlets, parks and so much more! For more information on 8134 Keeler Street, Click Here!

 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