SOLD~340 Cropp Road, Fredericksburg, VA 22406

 Life takes you unexpected places, Love brings you Home.

HomesInFredericksburgVA.com

340 Cropp Road

340 Cropp Road

SOLD-340 Cropp Road

Fredericksburg, VA 22406

~340 Cropp Road recently SOLD in Fredericksburg, VA by Kelly Gronau Dodson with Coldwell Banker Elite in Fredericksburg, VA ~ This immaculate 5 Bedroom, 3 Full Bath Raised Rancher is nestled on 3+ private acres in Stafford County, VA! This home offers an open floor plan with spacious Kitchen that is great for cooking and entertaining.  The Extra large Island offers plenty of extra counter space and storage below with wrap around seating options to gather everyone in the heart of the home.  A large Deck outback invites you to enjoy the peaceful outdoors or come back inside to sit by the cozy Fireplace in the Den.  Convenient storage Shed out back for extra storage for your riding mower or work shed.  A two car Garage and Paved Driveway finish off the convenience of the home!
 Welcome HOME Shmirkin Family!

The Shmirkins

The Shmirkins

SOLD~3367 Winding Road, Partlow, VA

 Life takes you unexpected places, Love brings you Home.

HomesInFredericksburgVA.com

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SOLD-3367 Winding Road

Partlow, VA 22534

~3367 Winding Road recently SOLD in Partlow, VA by Kelly Gronau Dodson with Coldwell Banker Elite in Fredericksburg, VA ~ An immaculate 4 Bedroom Rambler with beautiful stone finish, nestled in the peaceful countryside of Spotsylvania County, VA!  This home even has unfinished space upstairs for additional rooms or man cave.  Located on a private 6.73 Acre setting, where wildlife are bountiful!  Additional features of this home include:  Crown molding throughout the house, back deck for entertaining, large main level master with walk-in closet and attached office/sitting room, stone fireplace, shed & the flat-screen TV, built-in surround sound, washer and dryer conveyed!

 Welcome HOME Graham Family!

The Grahams

The Grahams

 

SOLD~ 200 Sand Trap Lane, Locust Grove, VA 22508

200 Sand Trap

JUST SOLD!
Stunning Golf Course Home located in Lake of the Woods, VA!


Located in Orange County’s exclusive gated community, Lake of the Woods, VA is where you will find your next place to call home at 200 Sand Trap Lane! This gorgeous open floor plan home features over 3800 finished square feet with 4 bedrooms and 3.5 baths, hardwood floors, gas fireplace, generous patio out back for entertaining, screened back porch overlooking the pristine 8th Fairway of Lake of the Woods’ PGA golf course, oversized 2 car garage with shelving, and large bonus/media room in the fully finished basement! This stunner of a home backs to the golf course in Lake of the Woods. Relax in peaceful serenity or partake in all that LOW has to offer. Dine at the clubhouse overlooking the lake, play a round of golf , or swim from any of the 9 beaches.

To schedule a showing of 200 Sand Trap Lane in Locust Grove, VA please call Kelly Dodson at 540-287-6807.

See more at:http://realestate.homesinfredericksburgva.com/idx/details/homes/a004/OR8469128/200-SAND-TRAP-LN-LOCUST-GROVE-VA-22508

Southern Region Market Snapshot March 2015

Virginia’s Southern Region

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Mid-Atlantic: Southern Region Market Snapshot for March 2015

This area includes the following zip codes:

22407 & 22408 in Fredericksburg, VA
22508 in Locust Grove, VA
22553 & 22551 in Spotsylvania County, VA
22567 for Unionville in Orange County, VA
22580 for Woodford in Caroline County, VA
22960 for Orange, VA
22534 for Partlow in Spotsylvania County, VA

The Southern Region market snapshot for Spotsylvania County, Virginia for March 2105 is as follows:

For the month of March 2015, the Units Sold gained slightly over last March with a 6.67% increase over 2014’s March units of 135, to 144. The Average Sold Price for homes reported in this Southern Region for March 2015 was $268,695 which decreased over the preceding month of February 2015 and increased slightly over March’s last year (LY) average sold price of $257,069 with a gain of 4.52%. The Average Days on the Market for the month of March 2015 also saw a slight increase over March 2014’s 90 days to March 2015’s reported 98 days, an increase of 8.89% in average days on the market.  The ratio of Average Sold Price to Average Original List Price had a 1.94% change in March 2015 at 95.3%. The Average Sold Price for Detached homes sold in Virginia’s Southern Region in March 2015 was $275,500 versus $264,407 from March 2014, marking yet another area that saw a decent increase of 4.20% in sold prices over March 2014, yet a slight decrease in the preceding month of February 2015.

Nationally pending homes sales and existing home prices were up quite sharply, while new home sales were up modestly.  By contrast, inventory was flat and new home starts and permits both fell for the month of March 2015, likely due to bad weather.  Expect economic growth to be much stronger in the second quarter of 2015 then it was in the first quarter.  Home purchase activity continued to gain steam in March 2015.  New pending contracts increased 13% from this time last year.  This is the 8th consecutive month with gains and the highest monthly tally since 2005.  Closed sales increased for the 7th straight month, up 14% to 489 sales for the Southern Region.

Active Listing housing inventory for Spotsylvania County in this Southern Region of Virginia increased slightly over the previous month in March 2015 to 569, with 288 of them New Listings.

 

Buyer closing cost assistance continues to average around 3-5% of an offer’s sales price.  Total inventory is up for the twenty-second month in a row and continues to exceed prior years levels.  Buyer demand in the Southern Region continues to exceed last year levels with gains in new contracts and closed sales. Increased listing inventory is driving up days on market levels. Despite the longer time on the market, prices remain higher than 2014 in the Southern Region of Virginia. With the sales gains seen in this first quarter, the spring 2015 season will prove to be a very active real estate market.  We are entering the peak real estate months for the calendar year.

Sign up for monthly real estate updates at HomesInFredericksburgVA.com. Check back in May 2015 for Spotsylvania County, VA’s April 2015 Real Estate Market Snapshot. Source www.rbintel.com, www.getsmartcharts.com

Preparing Your Home For A Spring Sale

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Spring is here, so the home buying season is upon us. Now is the time to prepare your home for sale this Spring. If you are thinking of listing your home, being proactive will make the world of difference between a smooth and a rough home sale.  There are many recommended steps that should be taken when prepping your home for sale and a proper checklist can assist in making sure that all of your little ducks are in a row.

First off, start by thoroughly deep cleaning your home and I mean really cleaning it. Insufficient cleaning of their listed homes is one of the most common mistakes that sellers make when preparing their homes for sale. Your routine cleaning won’t due in this instance, as items that are missed or avoided on a regular basis due to time constraints may stand out even more to prospective home buyers fresh eyes when considering purchasing your home. Spending the extra time to make sure the job is done right will certainly reap the benefits in the long run. Sellers should not only clean interiors walls and scrub bathrooms down entirely; including tiles and grout, but also steam clean the carpets, and power wash decks and/or siding.

Buyers will most certainly be interested in the storage space that the home has to offer, so organizing closets and other storage areas would be a smart idea.

Another painful thought to most sellers is repainting their home, but a fresh coat of paint will go a long way in how the home is received by prospective buyers upon the first walk through the doors. If your home has accent walls or deep hues, painting them a neutral color will not only make the room appear more spacious, but will ensure that the home fits with any buyers decor.

Lastly, old appliances and damaged counter tops and cabinets can also deter buyers, especially if upgraded homes are a fiber of the neighborhood’s character.

I hope that you found these tips helpful in assisting you prepare your home for sale this Spring!

Southern Region Market Snapshot February 2015

Virginia’s Southern Region

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Mid-Atlantic: Southern Region Market Snapshot for February 2015

This area includes the following zip codes:

22407 & 22408 in Fredericksburg, VA
22508 in Locust Grove, VA
22553 & 22551 in Spotsylvania County, VA
22567 for Unionville in Orange County, VA
22580 for Woodford in Caroline County, VA
22960 for Orange, VA
22534 for Partlow in Spotsylvania County, VA

The Southern Region market snapshot for Spotsylvania County, Virginia for February 2105 is as follows:

For the month of February 2015, the Units Sold fell slightly over last February with a -5.88% decrease over 2014’s February units of 102, to 96. The Average Sold Price for homes reported in this Southern Region for February 2015 was $270,230 which increased over the preceding month of January 2015 and increased substantially over February’s last year (LY) average sold price of $220,872 with a gain of 22.35%. The Average Days on the Market for the month of February 2015 also saw a considerable increase over February 2014’s 73 days to February 2015’s reported 93 days, an increase of 27.40% in average days on the market. The ratio of Average Sold Price to Average Original List Price closed the gap to around 1.5% in February 2015 at 95.0%. The Average Sold Price for Detached homes sold in Virginia’s Southern Region in February 2015 was $278,167 versus $232,927 from February 2014, marking yet another area that saw a nice increase of 19.42% in sold prices over the previous year as well as over the preceding month of January 2015.

Nationally home prices have increase at an annual rate of between 4-5 %.  New homes starts and sales are having mild declines, yet are still having the best back to back months since Mid-2008.  Employment growth continues to pleasantly surprise, while wage growth remains stubbornly flat despite a strong decline in the unemployment rate.  Home purchase activity continued to gain steam in February 2015.  New pending contracts increased 1% from this time last year.  This is the 7th consecutive month with gains.  Closed sales increased for the 6th straight month, up 8% to 336 sales for the Southern Region.

Active Listing housing inventory for Spotsylvania County in this Southern Region of Virginia fell slightly again for a fourth consecutive month for February 2015 to 541, 193 of them New Listings.

Buyer closing cost assistance continues to average around 3-5% of an offer’s sales price. Buyer demand continued to improve in new contracts and closed sales vs. 2014.  Total inventory is up for the twenty-first month in a row and continues to exceed prior years levels, although new listings were virtually flat.  Buyer demand in the Southern Region continues to exceed last year levels with gains in new contracts and closed sales.  Increased listing inventory is driving up days on market levels.  Despite the longer time on the market, prices remain higher than 2014 in the Southern Region of Virginia.  The increased inventory is giving Buyers many home choices in the Mid-Atlantic Region and will hopefully produce a strong Spring buying season in the months to come.

Sign up for monthly real estate updates at HomesInFredericksburgVA.com. Check back in April 2015 for Spotsylvania County, VA’s March 2015 Real Estate Market Snapshot. Source www.rbintel.com, www.getsmartcharts.com

Have you considered Leasing you Home?

Home For Rent

Home For Rent

Your housing market may be heating up, tempting you to sell your home. But you may not be quite ready to let it go, or, when you run the numbers, you may not be able to sell it for as much of a profit as you may want.

Have you considered leasing your home instead? You still retain ownership, giving you the opportunity to buy another home. And thanks to some generous tax rules, you can own your home for five years, occupy the home for two years, rent it up to three years and then sell it without paying capital gains taxes.

With luck, you’ll gain equity on two properties. That’s how many people build wealth – with real estate rounding out their investment portfolios.

When markets improve, often there aren’t enough homes available for purchase in the areas where families want to live. Relocating families may have a home to sell in another area or they may simply want to try out your neighborhood before buying. They want to spend a year settling in and learning about the area.

The market may be good but is it a good time for you financially? The ideal time to lease your home is if you can rent it for more than you’re paying in mortgage, taxes and insurance. You also need some savings that will cover months when the home isn’t rented, as well as repairs that may come up.

If you want to buy another home, the debt on the home you already own won’t count against you as much as you may think, and especially if you already have the home leased. The lender may add a couple months of mortgage debt to your overall debt picture to be on the safe side because many properties don’t rent right away or there may be lag-time between renters. With good to great credit, you can get a low down-payment loan that doesn’t require all your cash.

To help you decide if leasing is a good idea, talk with a real estate professional who enjoys working with the rental market such as an agent who is also a property manager. He or she will have comparables for other rentals in the area, so you’ll know how good the market is for homes like yours and how much you can expect to get for your home.

You’ll have to get your home ready to rent, just as you would to show it to a buyer. The better the condition, finishes and amenities your home has to offer, the more rent you can ask, within reason.

A property management professional can handle the whole transaction for you, including showing your home and qualifying the renter with credit and criminal checks. Typically, this will cost you one month’s rent. If you think you won’t be in a position to handle problems that may come up yourself, you can also hire the professional to manage your property.

As the owner, you can decide whether or not to allow pets, but you can’t refuse to rent to someone because of race, color, national origin, religion, sex, familial status or handicap. You can decline a renter who does not have the credit rating, earnings, deposit money, or references that you require for a good renter.

Your real estate broker can perform a number of background checks for you on potential renters including credit scores, rental and eviction history, criminal and sex offender checks, motor vehicle checks, and employment verification. If you decide to rent your home yourself, there are companies online that specialize in background checks for landlords.

Your rental agreement should include penalties for late payments, as well as outline clear terms — length of the lease, possession date for move-in; terms for extending the lease, fees for late payments, pets or no pets and so on. You need to be very clear about what the renter is responsible for doing and what you will do as the owner. This will prevent disputes over who pays utilities, who mows the lawn and who calls the plumber.

Make sure the renter also pays one month’s deposit so you can cover the costs of cleaning, repainting and other make-ready steps. Last, make sure your renter has renter’s insurance.

Written by Blanche Evans on Wednesday, 04 March 2015 2:34 pm

Southern Region Market Snapshot for January 2015

The Mid-Atlantic: Southern Region Market Snapshot for January 2015

This area includes the following zip codes:

22407 & 22408 in Fredericksburg, VA
22508 in Locust Grove, VA
22553 & 22551 in Spotsylvania County, VA
22567 for Unionville in Orange County, VA
22580 for Woodford in Caroline County, VA
22960 for Orange, VA
22534 for Partlow in Spotsylvania County, VA

The Southern Region market snapshot for Spotsylvania County, Virginia for January 2105 is as follows:

For the month of January 2015, the Units Sold rose nicely over last January with a 9.09% increase over 2014’s January units of 88, to 96.  The Average Sold Price for homes reported in this Southern Region for January 2014 was $252,849 which decreased over the preceding month of December 2014 and decreased slightly with a drop of -2.88% over January’s LY (last year) of $260,354. The Average Days on the Market for the month of January 2015 also saw a considerable increase over January 2014’s 73 days to January 2015’s reported 102 days, an increase of 39.73% in days on the market.  The ratio of Average Sold Price to Average Original List Price closed the gap to around 1% in January 2015 at 93.6%. The Average Sold Price for Detached homes sold in Virginia’s Southern Region in January 2015 was $268,463 versus $273,835 from January 2014, marking yet another area that saw a decrease of -1.96% in sold prices over the previous year.

Active Listing housing inventory for Spotsylvania County in this Southern Region of Virginia fell slightly again for a third consecutive month for January 2015 to 561, 210 of them New Listings.

The real estate market snapshot for Virginia’s Southern Region for the month of January 2015 confirm that Sellers are still receiving fair market offers on their homes. Buyer closing cost assistance continues to average around 3-5% of an offer’s sales price.  Buyer demand continued to improve in new contracts and closed sales vs. 2014.  Seller activity picked up in January 2015 as well with increases in new listings, which is driving up days on market levels.  Total inventory is up for the twentieth month in a row and continues to exceed prior years levels.  The increased inventory is giving  home Buyers a lot to choose from in the Mid-Atlantic Region and will hopefully produce a strong Spring buying season to come.

Sign up for monthly real estate updates at HomesInFredericksburgVA.com.  Check back in March 2015 for Spotsylvania County, VA’s February 2015 Real Estate Market Snapshot. Source www.rbintel.com, www.getsmartcharts.com

Best Friend

2015 Coldwell Banker TV Commercial

 Homes Best Friend

Coldwell Banker Homes for Dogs Project

Coldwell Banker Real Estate has been helping people find their home for over 108 years, but this year through a partnership with Adopt-a-Pet.com, we are going to help 20,000 dogs find home through the Coldwell Banker Homes for Dogs Project. To find out more about our initiative here coldwellbanker.com/dogs

best friend

Southern Region Market Snapshot for November 2014

The Mid-Atlantic: Southern Region Market Snapshot for November 2014 for Spotsylvania County, VA

This area includes the following zip codes:

22407 & 22408 in Fredericksburg, VA
22508 in Locust Grove, VA
22553 & 22551 in Spotsylvania County, VA
22567 for Unionville in Orange County, VA
22580 for Woodford in Caroline County, VA
22960 for Orange, VA
22534 for Partlow in Spotsylvania County, VA

The Southern Region market snapshot for Spotsylvania County, Virginia for November 2014 is as follows:

For the month of November 2014, the Units Sold rose slightly at 4.39% over 2013’s November units of 119, to 114.  The Average Sold Price for homes reported in this Southern Region for November 2014 was $268,599, which increased slightly over the preceding month of October and  increased 3.36% over November’s LY (last year) of $259,880. The Average Days on the Market for the month of November 2014 saw a substantial increase over November 2013’s 75 days to November 2014’s reported 95 days.  The ratio of Average Sold Price to Average Original List Price dropper almost 2% with November 2014 at 92.9%. The Average Sold Price for Detached homes sold in Virginia’s Southern Region in November 2014 was $275,992 versus $266,710 from November 2013, another area that saw a measurable increase of 3.48% in sold prices over the previous year.

 

Active Listing housing inventory for Spotsylvania County in this Southern Region of Virginia fell again slightly for another consecutive month for November 2014 to 648, 162 of them New Listings.

The real estate market statistics for Virginia’s Southern Region for the month of November 2014 confirm that Sellers are still receiving fair market offers on their homes. Buyer closing cost assistance continues to average around 3-5% of an offer’s sales price.  Buyer activity continues to emerge upward in November of 2014 as well.  New Listing inventory fell back slightly for the for the second month in November 2014 as well.  Total inventory is still up for the eighteenth month in a row, the highest total in years.  The increased inventory is giving Buyers many choices out there in the Mid-Atlantic Region and will hopefully continue to entice Buyers in these slower, colder months to come.

Sign up for monthly real estate updates at HomesInFredericksburgVA.com and check back for Spotsylvania County, VA’s December 2014 Real Estate Market Snapshot coming in mid-November 2014. Source www.rbintel.com, www.getsmartcharts.com