Lacey Real Estate Group

01/28/2025

This kitchen remodel in Staunton was a collaborative effort with design by Vintage House Design, Inc., based in Staunton (VintageHouseDesign.com), and constr...

12/30/2024

Now that the dust has settled after the holidays, don't you deserve the upgraded and remodeled kitchen you've always dreamed about?!?

Here's just an example of our work, a collaborative effort with Vintage House Designs, Inc. of Staunton.

This kitchen remodel in Staunton was a collaborative effort with design by Vintage House Design, Inc., based in Staunton (VintageHouseDesign.com), and constr...

12/18/2024

Once the dust has settled on the holidays, isn’t it time to turn your old kitchen into your dream kitchen!?!

Our remodeling and construction team are second to none, as our happy homeowners will attest.

Call Kevin Lacey today (540)294-1701 for a free detailed estimate or email [email protected].

Here’s just one example of our work:

Quality remodeling by Lacey Construction... custom cabinetry, custom layout, redesigned entryways and island. All done by Lacey Construction. Call Kevin Lace...

06/20/2024

https://s.paragonrels.com/goto/LcJOQiuaKto

JUST LISTED !! 229,900 COUNTRY CHARMER ! RIVERHEADS DISTRICT !

There’s No Place Like Home ! Adorable & Affordable! Welcome to The Country Where Peace & Tranquility Surrounds You ! Breathtaking Sunsets! Gorgeous Mountain View’s & Rolling Farm Fields ! You Will Never Want to Leave! Move in Ready! Very Nice Completely Remodeled in 2019 Ranch Home ! All Like Ne...

06/18/2024

https://s.paragonrels.com/goto/IlwWZGy7_Zv
Open House Tomorrow- 11-1
Come see us and this beautifully remodeled home!

08/18/2023

https://s.paragonrels.com/goto/F8SJwe

Busy Day !! This one has lots of possibilities

2 For The Price 1!! Looking for Income Potential? Live in One Space and Rent the Other ! Or Rent Them Both! Cute Cottage! Great Location! Main Floor Offers 2 Bedrooms and 1 Full Bath! Large Dining Room ! Finished Basement with a Large Rec. Room! Hardwood Floors Throughout! Character and Charm Galore...

01/26/2023

“Haste Makes Waste” is a proverb that’s been in use for hundreds of years. You know the meaning: “Haste makes waste” means rushing into action without thinking it through; the results are often not very good and end up costing more time and money than if one had taken the time to think things through beforehand.

Sadly, this is an apt description of a growing number of homebuyers who purchased a home during the pandemic. The housing market nationwide was in a frenzy, and Staunton, Waynesboro, and Augusta County was no exception. A large crop of unhappy homeowners are emerging after now settling into the home they bought (perhaps in a bidding war with other potential buyers) during this latest market.

Now, after a few months, and without having done neither a home inspection nor an appraisal, they find themselves in a home they really aren’t happy with, for one reason or another. Additionally, some families have been hit by the economy with a job loss or career re-focus after they purchased, and can no longer afford the one they rushed into buying.
What’s my recommendation? The market is VERY slowly trending away from the frenzied seller’s market. If you find yourself in one of the situations I’ve described, begin interviewing REALTORS®. Please, please, please don’t just list your house for sale with your uncle or niece who just got into real estate! Thousands of dollars and your family’s future are at stake.

Sit down with experienced agents. Tell them your goals. Ask them for options. Maybe selling while you can still get top dollar, and renting for a couple of years makes sense. Maybe selling and doing more due diligence when buying another home is the right path. Whatever you do, hire an expert. You wouldn’t want a rookie cardiologist making you his/her first patient, would you? Why is this any different?

Kevin Lacey and the Lacey Real Estate Group has been working with buyers and sellers for over 30 years in our area, Kevin and his agents are equipped with the experience to handle any market condition. Additionally, if you find yourself in an economic pinch, Kevin Lacey BUYS HOUSES. Call him (540)294-1701 for free advice or selling options.

12/29/2022

Although we'll be closed over the New Year's holiday weekend, we can help with moving supplies, hitches, trailers, auto transports, and trucks. Call us to make a reservation! (540)949-6939

10/20/2022

Everything you need for your move is right here!

We're in Verona now... 11 Green Hills Dr., Suite 4. (540)949-6939

10/19/2022

If you're looking for a townhome, you really need to compare. Compare appointments, square footage, amenities, and of course, price.

In Collinswood, the townhomes under construction and finished (by Lacey Construction) are unique, dramatic in their appointments, and top-quality. No laminate flooring. No vinyl flooring.

No other townhomes in Staunton, Waynesboro, and Augusta County can compare when you consider price and square footage alone! Add to that unmatched quality. Call Kevin today for a private tour of all the units! Starting at $309,900. (540)294-1701.

10/19/2022

You probably haven’t noticed, but our hot real estate market is cooling somewhat. Yes, sellers are receiving multiple offers for the hottest properties, but there’s some trends I’ve noticed in the past month or so.

While houses for sale are still getting “under contract” quickly, some of these contracts are falling through. It’s not just our market experiencing this trend; it’s nationwide. Why? Two main reasons: The first is because with interest rates rising quickly, of the contracts falling through, 23% report that buyers aren’t qualifying for the loans they specified in their contracts to purchase; they are being denied their loan application. The second main reason is buyers are losing their jobs in the middle of the buying process. According to national statistics, this reason alone accounts for 16% of contracts falling through.

The second trend we’re experiencing in real estate is price reductions. Every day, in the Staunton, Waynesboro, and Augusta County region, there are 6-10 price reductions on existing listings of homes for sale. Homes just aren’t selling as quickly, the number of homes on the market is growing, and to be competitive, home sellers are having to drop their price.

How does this affect you? As a seller, price your home to sell quickly, even at a level where you might get multiple offers, and end up getting more than your asking price. As a buyer, if you’re positive you’re going to buy in the next 60 days, lock in your interest rate. Perhaps look for homes which have been on the market longer than average. An opportunity may pop up.

Kevin Lacey and the Lacey Real Estate Group has been working with buyers and sellers for over 30 years in our area, Kevin and his agents are equipped with the experience to handle any market condition.

(Statistics: https://www.cinchhomeservices.com/view-blog/-/blogs/home-buying-and-housing-contracts; https://caar.paragonrels.com/)

09/29/2022

Did You Come in Second Place?

With the hot real estate market, sellers are receiving multiple offers for their property. They have buyers bidding against one another in the process. There are winners, and seemingly, there are losers. But not so fast…

As you probably know, interest rates have been rising recently, and are currently at a 14-year high. Homebuyers are discovering that they can buy less and less house for their money as rates rise.

When a buyer makes an offer on a house for sale, they specify their financing terms. For instance, they will specify in the offer that they will, as an example, get a 30-year conventional loan, at a fixed interest rate not to exceed 7.5%. Let’s say the sellers accept their offer and refuse the other offers they receive from other buyers.

As you can see by the chart, rates are rising and the average 30-yr. fixed mortgage loan rate is over 8%. With rates rising, buyers are having to back out of contracts (which they can legally do, if they specify terms like the scenario above). That puts the seller’s house back on the market. This is happening more and more in our market.

Here’s the point: If your offer wasn’t accepted by the seller and another was, specify at that time that your contract will be a “Back-up Contract” which would become the “Primary Contract” if the seller’s first choice falls through, like the scenario above. Of course, your contract will specify financing terms as well, provided you need to get a loan. However, if you’re paying cash, this may be an attractive option.

Moral of the story: Don’t lose heart if your offer comes in second (or even third) place in a multiple offer scenario. Make your offer a “Back-up Contract.” You may just be next in line to get the home of your dreams!

Kevin Lacey and the Lacey Real Estate Group has been working with buyers and sellers for over 30 years in our area, Kevin and his agents are equipped with the experience to handle any market condition.