Real Estate Brokerage Opens

Stafford County, Va. — A new real estate brokerage firm has opened, and they’re operating without walls.

Robert Donovan opened Donovan and Associates on Jan. 1, a real estate brokerage operating in the Potomac Communities, is operating online and face to face, said Donovan.

Donovan and his wife, Kristie, both live in Fredericksburg and graduated from Mary Washington University. They also have both worked in real estate and educate perspective homeowners on the home buying process.

“Interest rates are at historic lows, and we’ve seen home prices in our area drop back to where they were in the 2002-2003 timeframe,” said Donovan.

Focusing on residential real estate, many of Donovan’s first time home buyers put about three percent down on a new home loan, which qualifies them for a loan through the Federal Housing Administration. Other first time buyers looking to live in rural areas, including portions of south Stafford County, could also qualify for loans through the U.S. Department of Agriculture, said Donovan.

“We really don’t have a particular client. We work with a lot of people at many levels, from the first time homebuyer to the client who is purchasing a million dollar home,” said Donovan.

Prior to launching Donovan and Associates, Donovan was the marketing director for the Rappahannock Electric Cooperative. He’s also been active in the Fredericksburg Area Builders Association.