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!
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.
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.
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.
The Biggest Perk for Buyers: Low Mortgage Rates
Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):This is a huge advantage for buyers and helps to make owning a home attainable for more households – and there’s good reason to strive for homeownership. The latest Homeowner Equity Report from CoreLogic shows how homeowners saw major gains in their net worth last year, all thanks to owning a home. Frank Martell, President and CEO of CoreLogic, explains:
“Positive factors like record-low interest rates and a booming housing market encouraged many families to enter homeownership. This growing bank of personal wealth that homeownership affords was noticed by many but in particular for first-time buyers who want a piece of the cake. As a result, we may see more of those currently renting start to enter the market in the near future.”
Low mortgage rates are a plus for buyers right now, but experts forecast we’ll see them continue to rise as the year goes on. If you’re ready to purchase a home, it’s wise to get started on the process soon so you can secure today’s comparatively low rate.
The Biggest Perk for Sellers: Low Inventory
Today, there are simply not enough houses on the market for the number of buyers looking to purchase them, and it’s creating a serious sellers’ market. According to Danielle Hale, Chief Economist at realtor.com:
“Total active inventory continues to decline, dropping 50 percent. With buyers active in the market and sellers still slow to put homes up for sale, homes are selling quickly and the total number actively available for sale at any point in time continues to decline.” (See map below):
The lack of houses for sale continues to challenge the market, and with low mortgage rates fueling buyer demand, homes are hard for buyers to find today. According to the latest Realtors Confidence Index Survey by the National Association of Realtors (NAR), the average house is now receiving 4.1 offers and is on the market for only 20 days.
Buyers are clearly eager to purchase, and because of the shortage of inventory available, they’re often entering bidding wars. This is one of the factors keeping home prices strong and giving sellers leverage in the negotiation process.
Homeowners who are in a position to sell shouldn’t wait to make their move. There’s a light at the end of the tunnel for today’s inventory shortage, so listing this spring will get your house on the market when conditions are most favorable. With low inventory and high buyer demand, homeowners can potentially earn a greater profit on their houses and sell them quickly in the fast-paced spring market.
Bottom Line
Whether you’re thinking about buying or selling a home, there are major perks available in today’s housing market. Let’s connect today to discuss how these favorable conditions play to your advantage in our local area.
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
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.
The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.
Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (See graph below):When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.
As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.
Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.
Bottom Line
Home prices are appreciating in today’s sellers’ market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.
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
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.
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!
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 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.
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.
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
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
When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you’re ready.
1. There’s high demand from homebuyers.
Buyer demand is strong right now, and buyers are active in the market. ShowingTime, which tracks the average number of buyer showings on residential properties, recently announced that buyer showings are up 51.5% compared to this time last year. Daniil Cherkasskiy, Chief Analytics Officer at ShowingTime, notes:
“As anticipated, demand for real estate remains elevated and continues to be affected by low levels of inventory…On average, each home is getting 50 percent or more requests this year compared to January of last year. As we head into the busy season, it’s likely we’ll push into even more extreme territory until the supply starts catching up with demand.”
When your house is positioned to get a ton of attention from competitive buyers, you’re in the best spot possible as the seller.
2. There aren’t enough houses for sale.
Purchaser demand is so high, the market is running out of available houses for sale. Recently, realtor.comreported:
“Nationally, the inventory of homes for sale in February decreased by 48.6% over the past year, a higher rate of decline compared to the 42.6% drop in January. This amounted to 496,000 fewer homes for sale compared to February of last year.”
The National Association of Realtors (NAR) also reveals that, while home sales are skyrocketing, the inventory of existing homes for sale is continuing to drop dramatically. Houses are essentially selling as fast as they’re hitting the market – in fact, NAR reports that the average house is on the market for only 21 days.
It’s this imbalance between high buyer demand and a low supply of houses for sale that gives sellers such an advantage. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.
3. You have a lot of leverage in today’s market.
Clearly, many more people are interested in buying than selling this spring, creating the ultimate sellers’ market. When this happens, homeowners in a position to sell have the upper hand in negotiations.
According to NAR, agents are reporting an average of 3.7 offers per house and an increase in bidding wars. As a seller, this means the ball is in your court – so much so that you can use your leverage to negotiate the best possible contract. Demand is there, and now is the perfect time to sell for the most favorable terms.
4. It’s a great way to use your home equity.
According to the latest data from CoreLogic, as of the third quarter of 2020, the average homeowner gained $17,000 in equity over the past year, and that number continues to grow as home values appreciate. Equity is a type of forced savings that grows during your time as a homeowner and can be put toward bigger goals like buying your next dream home.
Mark Fleming, Chief Economist at First American,notes:
“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home – the wealth effect of rising equity. In today’s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.”
5. It’s a chance to find a home that meets your needs.
So much has changed over the past year, including what many of us need in a home. Spending extra time where we currently live is enabling many of us to re-evaluate homeownership and what we find most important in a home.
Whether it’s a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym or theater, or something else, selling this spring gives you a chance to make a move and find the home of your dreams.
Bottom Line
Today’s housing market belongs to the sellers. If you’ve considered making a move but have been waiting for the right market conditions, your wait may be over. Let’s connect so you’ll be positioned to win when you sell your house this spring.
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
