Local VA Housing Market

Check out the local housing report prepared by the Fredericksburg Area Association of REALTORS®. 

Look at the graphic below (found at https://www.faarmembers.com/market/) showing the statistics for the month of July 2020. Data show that the number of units sold and home price for each local county are still increasing, while days on the market is decreasing, due to low inventory. Because of the lower inventory, homes are selling faster, and for a higher sales price. Many homes are getting multiple offers!

In our local area, the housing market is still going strong. While the number of listings is down from previous years, homes are still selling quickly and buyers are looking for properties. It is a seller’s market, which drives up the home sale prices. Now may be the perfect time to sell your home in Virginia!

Student Loans

Looking to buy a home, but worried that your student loan debt will prevent you? Here are some things you can do to help you purchase a home after college:

  1. Look at your Debt-to-Income Ratio: Pay down any debts you can, including student loans, credit card bills, and other debts you may have. Save up some money, and start paying down debts wherever possible.
  2. Look at your Credit Score: Make sure you pay all bills on time and get your score up. Your credit score makes a big impact on your home purchase, so it helps to keep your score high.
  3. Speak with a Lender: You are going to need a pre-approval letter to purchase a home. Talk with a lender to get pre-approved for a mortgage loan. Your lender can also help give you some advice on getting approved for the amount you are looking for, and they can give you tips for how to get where you’d like to be financially.
  4. Contact a Real Estate Agent: If you have any questions on the home buying process, speak with one of our Berkshire Hathaway Home Services Select Agents. They can help you in your home search process and answer any questions you may have.

If you are a recent college graduate, don’t let that student loan debt keep you from your dreams of owning a home. There are ways you can purchase a home, or plan for it in the near future. Speak with one of our agents for more information!

Virginia State Lighthouses

Virginia is full of history and scenic activities. Here are some of the lighthouses located in the state:

  1. Old Cape Henry Lighthouse – Built in 1792, this lighthouse is located on the Chesapeake Bay. It is one of the oldest standing lighthouses in the United Stated and has a lot of history.
  2. Assateague Lighthouse – This lighthouse was originally built in 1833 and was rebuilt in 1866. It is located on Assateague Island at the Chincoteague National Wildlife Refuge.
  3. Cape Charles Light – Located on Smith Island, this lighthouse is the tallest in the State of Virginia. It can be seen from the Chesapeake Bay Bridge, but is not fully open to the public.
  4. Jones Point – This is the only remaining river lighthouse in the state. It was built in 1855 near Old Town Alexandria. This lighthouse is also not fully open to the public but can be seen and photographed from outside.

For a complete list and map of Virginia’s Lighthouses, visit https://www.virginia.org/lighthouses/ . Be sure to check them out!

Top Activities in the State of Virginia

Looking for some local activities? Look no further! Here are some of the top activities and destinations in the state of Virginia:

  • Chincoteague National Wildlife Refuge – This 14,000 acre wildlife preserve is one of the most visited destinations in the area. It is the perfect place to birdwatch, take photos, and even see the ponies! There are also walking trails and places to go boating.
  • Jamestown Settlement – Be sure to visit this historic site in Eastern Virginia. Learn about the history of America’s first permanent English colony. There is also a museum nearby to learn more about the local history!
  • Shenandoah National Park – Located near the Blue Ridge Mountains, this 200,000 acre park is a must-see. There are many trails, wildlife, and gorgeous views!
  • Colonial Williamsburg – This is another great activity for those interested in local history. It is known as an “Outdoor History Museum” because of how much there is to see. There are colonial shops, churches, wagon rides, gardens, homes, and guides to tell you all about the history. It is a great day trip for the whole family!
  • Virginia Beach – If the beach is more of your thing, Virginia Beach is the perfect trip for you! Home to beautiful beaches, lots of shopping, and family activities, there is plenty to do here.

These are just some of the MANY popular destinations in the state. There are a ton of activities and sights all over the state, and many may even be in your local area. Be sure to check out all the beautiful state has to offer!

How to Create a Luxury Bath

According to Kitchen and Bath Business, homeowners have higher expectations for their bathrooms than ever before. They want a luxurious, spa-like space like the wealthiest mansion-dwellers enjoy.

So, what are the secrets to achieving a luxurious bath?

Space: Getting ready for the day or night out is done in one large room, with adjoining closets and separate sectors for bathing, grooming, and dressing.

Privacy: A master bath should be inaccessible to any other rooms besides the master bedroom. Separate “his and her” water closets, along with separate dressing areas, help keep the marital romance alive.

Serenity: You’ll find most luxury baths in Houzz.com or Pinterest.com, feature soothing colors, like gentle shades of water.

Quality: Wealthy people choose designs that stand the test of time including high-quality metal fixtures, solid core-doors, and fine wood, stone, and tile.

Remodeling isn’t always practical, but even using one idea will help you enjoy your bath more. Meanwhile, light some candles and dim the lights for a long soak in the tub. You’ll feel like a million.

Sound Surroundings

One of the greatest pleasures of owning your own home is being in better control of your environment, including the sounds you listen to. Imagine waking up to the cheerful melodies of chirping birds, instead of your neighbor’s clanging, banging and muffled conversations.

Consider buying a home with a garden where you can attract songbirds, such as robins, finches, and cardinals. You can create an area to attract birds and other wildlife to your yard.

Create an alluring habitat where the birds can feel at home. Consider planting a few plants, such as bushes or flowers, to help attract them. It definitely helps to purchase a bird-feeder and fill it with birdseed. Depending on what types of birds you would like to attract, there are different blends of seeds you can pick up from your local store.

Birdbaths are great accessories to welcome birds. Moving water, such as small fountains or can create something to catch their eye. They may enjoy cooling off and playing in your birdbath. Over time more and more birds will visit, especially if you keep the feeders and water filled up.

Local Housing Market

Statistics taken from the Fredericksburg Area Association of Realtors® (FAAR) show that the housing market activity is going up since March. According to the June 2020 housing report, total sales volume for the local area has increased by 42% compared to June 2019. Inventory has gone down, due to COVID-19, making days on the market also decrease. There is less inventory, making the homes that are currently listed sell faster. It is definitely a seller’s market.

Median home price for the area has also increased by 8% from last June, and units sold has increased, as well. Number of homes sold has also increased this year for every county that data was taken from in our area (Caroline, Fredericksburg, King George, Orange, Spotsylvania, Stafford, and Colonial Beach).

To see a complete market report and all of the statistics, please visit https://www.faarmembers.com/market/. If you are interested in learning more, or are looking to sell your home in this seller’s market, contact one of our agents here.

Colonial Beach, VA

Thinking of moving to beautiful Colonial Beach, Virginia? Here are some activities you can do if you decide to move to the area:

  1. The BEACH – Of course the main thing to do in this small town is to go to the beach! Lay in the sand, swim with friends and family, or fish on the pier.
  2. Visit local restaurants – Try dining locally. Visit places such as the Colonial Beach Brewing Company, the Riverboat on the Potomac, Dockside Tiki Bar and Grill, The Lighthouse Restaurant, and Wilkerson’s Seafood Restaurant.
  3. Get some outdoor exercise – Enjoy the fresh air and take a walk on the sidewalks around town or go for a bike ride. The Point is a perfect place to bike and get a nice beach view!

Colonial Beach is a smaller town, but there are plenty of things to keep you busy and relaxed. It is a very charming town and is a perfect place for photos. You can even get married or attend events on the beach. Check out Colonial Beach community information and homes for sale here, or Contact one of our agents about seeing homes for sale in the area and come see what life is like at the beach!

Second Home Getaway

Wouldn’t it be nice to have some weekend getaways? Consider purchasing a second home and take your family to visit when you are off from work. It would be relaxing to take trips to the lake or beach. You can get a second home anywhere that interests you. Where you choose to purchase is up to you, but some popular second home getaway choices in our local area are Lake Anna, Colonial Beach, and Virginia Beach!

To help with costs, consider renting out your second home when you are not there and use websites such as Airbnb, which is a marketplace to rent out vacation homes to people looking in the area. You can use the home for yourself whenever you need a getaway and can rent it out from time-to-time to help cover costs.

If you are interested in looking into a second home, contact one of our Berkshire Hathaway Home Services Select agents to help you get started!

Stop the Insanity!

Searching for your Virginia Forever home in todays market? Tight inventory and historically low interest rates has made searching for the perfect home extremely challenging. Your Forever Agent at Berkshire Hathaway HomeServices Select Realty is ready to help you with the daunting challenge of finding that perfect place.

Did you know that your Forever Agent often has knowledge of properties not yet on the market? Your agent also has industry connections they can reach out to in order to put feelers out on your behalf. Many of our sales professionals are aware of homeowners who are attempting to sell their home via non-traditional methods without utilizing the MLS at all. If all else fails, your Forever Agent will canvas your desired neighborhood in search of your Forever Home. The best part… all this work doesn’t cost you a thing. The seller typically pays for your agents hard work on your behalf!

They say the definition of insanity is doing the same thing over and over and expecting a different result. Search all Northern and Central Virginia homes for sale in the comfort of your home via our website, then contact one of our Forever Agents to stop the insanity and help find your Forever home.