The real estate market is competitive—are you equipped with the tools to stay ahead? At Fathom Realty Northern Virginia, we empower agents with industry-leading technology, seamless integrations, and real support to help you close more deals without the extra costs.
- Cutting-edge transaction management – Stay organized and efficient from contract to close.
- Built-in CRM – Keep your clients engaged and never miss an opportunity.
- Seamless marketing & lead generation – Tools that help you attract and convert more buyers and sellers.
Tech that works. Support that matters. Success that’s yours.
Join a brokerage that puts YOU first. Message me today to learn more about growing your real estate career with Fathom Realty Northern Virginia!
9805 Spillway Ct, Burke, VA 22015
Price: $584,400
3 Bedrooms | 2 Full Baths | 2 Half Baths
1,900 sq. ft. | Colonial Style
Open House: Saturday, March 1, 1 to 4 p.m, Sunday, March 2, 2 to 4 p.m.
Located in the sought-after Lakepointe neighborhood, this beautifully updated three-level townhome offers modern living in a prime location. Step inside to find a spacious open floor plan with gleaming hardwood floors, recessed lighting, and a wood-burning fireplace in the living room.
The gourmet kitchen features solid surface countertops, stylish cabinetry, and high-end appliances, perfect for home chefs and entertaining guests. The adjacent dining room makes hosting effortless.
Upstairs, you’ll find three generously sized bedrooms, including a luxurious owner’s suite with an en-suite remodeled bath. The finished lower level provides a large recreation space, half bath, and laundry area, making it ideal for a home office, gym, or media room.
Enjoy outdoor living in your private fenced backyard with a beautiful paver patio, perfect for relaxing or hosting gatherings. The community offers a pool, playgrounds, and walking trails.
This home is a must-see, conveniently located near shopping, dining, and commuter routes with easy access to Washington, D.C.
Call Today to Schedule Your Showing
Listing Agent: Mark Worrilow
Fathom Realty (Licensed in Virginia)
Phone: (703) 244-8702
Email: [email protected]
Interest rates have been a hot topic in the housing market, with many prospective buyers wondering if now is the right time to purchase a home. Realtor Mark Worrilow provides insight into the history of interest rates, their impact on homeownership, and why buyers shouldn’t be discouraged by the current rates.
A Historical Perspective on Interest Rates
Many buyers today are accustomed to the record-low interest rates seen between 2010 and 2021, where rates dipped below 5% and even reached historic lows of around 2.65%. However, when we look at the broader historical context, the current rates are still within a reasonable range.
- Over the last 30 years, the average interest rate has been approximately 4.1%.
- Between 2000 and 2008, rates hovered around 5.75% to 6%.
- Over the past 50 years, the median interest rate has been 7.37%.
- In the 1980s, interest rates were at an all-time high, even reaching 16-18%.
Comparing today’s rates to past decades, we see that while rates have risen from their pandemic-era lows, they are still lower than historical peaks. As Worrilow explains, “5.5% to 6% doesn’t look so bad when you consider that past generations bought homes at much higher rates and still saw long-term gains in home value.”
What Higher Rates Mean for Buyers
It’s natural for homebuyers to worry about affordability, especially when mortgage payments increase due to higher interest rates. For example, on a $500,000 loan, moving from 5.8% to 6.8% could add approximately $325 per month to a mortgage payment. While this increase is significant, it’s essential to look at the bigger picture.
Real estate remains a strong investment, historically appreciating home values over time. Buyers who enter the market now can benefit from future appreciation, even if they purchase at slightly higher rates.
The Refinancing Strategy: “Marry the Home, Rent the Interest Rate”
One common approach that Worrilow discusses is the ability to refinance in the future when rates drop. Many homeowners who bought in 2018 and 2019 at around 4.5% could refinance in 2020 and 2021 when rates fell to 2.96%. This approach allows buyers to secure a home they love now, knowing they may have the opportunity to lower their monthly payments in the future.
Why Buying Now Still Makes Sense
Despite concerns about interest rates, there are still many reasons to consider buying a home today:
- Homeownership Builds Wealth: Real estate remains one of the most stable long-term investments.
- Limited Housing Supply: Waiting for lower interest rates might not guarantee better affordability, as demand could increase prices.
- Personal Stability & Investment: Renting means paying someone else’s mortgage, while owning allows you to build equity and gain financial stability.
- Expert Guidance: Working with knowledgeable professionals like Mark Worrilow ensures buyers can navigate the market wisely and find the best opportunities.
Interest rates fluctuate, but homeownership remains a valuable investment. By working with an experienced realtor and lender, buyers can find smart ways to manage rates and secure their dream home. As Worrilow emphasizes, “If you find a great home that meets your needs, don’t let interest rates scare you away—there are always options to adjust in the future.”
Stay Ahead of the Market
Staying informed is key for those looking to buy or sell in Prince William, Stafford, Fredericksburg, or surrounding areas. If you’re ready to move and want expert guidance, connect with Mark Worrilow at Fathom Realty. With years of experience and a pulse on the latest market trends, he’s ready to help you navigate today’s dynamic real estate landscape. Call him – 703-244-8702.
A stunning lakefront home in Marshall, VA, is now on the market for $1,250,000. Located in the Cobbler Springs Farm Subdivision, this colonial-style home offers privacy, space, and breathtaking water views.
This home features five bedrooms, five and a half bathrooms, and 3,596 square feet of living space. The main level includes a spacious primary suite, a gourmet kitchen with granite countertops and skylights, a family room with a wood-burning fireplace, and a sunroom with stone flooring. The upper level has four additional bedrooms, a loft, and three full bathrooms. The lower level offers a large recreation room with a fireplace, a workshop, and ample storage space.
Enjoy 100 feet of lake frontage, an attached garage, and an expansive yard perfect for outdoor activities. The home is located within the Fauquier County Public Schools district, near Fauquier High School, Marshall Middle School, and Claude Thompson Elementary School.
MLS #VAFQ2014848. Price recently reduced to $1,250,000.
Schedule a private tour today. Contact Tom Campbell, Licensed Broker in Virginia, of Fathom Realty at [email protected] or call 703-909-0074.
This post is sponsored by Mark Worrilow, District Director Fathom Realty, Licensed Broker in Virginia.
The Northern Virginia real estate market continues to shift, and for homebuyers and sellers alike, staying ahead of the trends is key. Mark Worrilow, a seasoned real estate expert with Fathom Realty, recently shared valuable insights into the state of the market and what’s driving demand in Prince William, Manassas, Manassas Park, Stafford, and Fredericksburg.
Surprising Market Trends
Conventional wisdom suggests that housing demand is strongest in areas closest to Washington, D.C., such as Arlington and Alexandria. However, recent data from Bright MLS paints a different picture. Demand in Arlington and Alexandria has actually slowed, while areas like Prince William County, Manassas, Stafford, and Fredericksburg have remained robust. In fact, these areas are outpacing Fairfax County in demand, which was a surprising revelation for Worrilow.
Why the shift? The answer lies in affordability, commuting options, and an improved quality of life. Arlington and Alexandria have slowed, but they are still ahead of the areas mentioned. Our areas are stronger in demand or about the same as Fairfax and Loudoun.
Affordability Meets Convenience
Housing affordability is one of the biggest draws to Prince William, Stafford, and Fredericksburg. Buyers in these areas get more homes for their money compared to Fairfax, Loudoun, or Arlington. Worrilow notes that many homebuyers who initially look in places like Centreville, Chantilly, or Burke realize that moving a little farther south provides them a better home at a lower cost—without sacrificing commute times.
Thanks to investments in transportation infrastructure, commuting from these areas is easier than ever. With expanded hot lanes, commuter lots, VRE stations, and slugging options, residents have multiple ways to get to work efficiently.
Quality of Life and Strong Communities
Beyond price and convenience, buyers are drawn to the region’s commitment to enhancing quality of life. Prince William County and Stafford, in particular, have invested heavily in parks, recreation centers, and entertainment options. Families considering a move consider the region’s hiking trails, waterfront access, and local community events significant perks.
For those who enjoy outdoor activities, access to the Rappahannock and Potomac Rivers and the Northern Neck provides endless recreational opportunities. Worrilow points out that these natural attractions make the region even more appealing to buyers who want proximity to nature without venturing too far from urban conveniences.
More Homes Hitting the Market
Inventory has been a long-standing challenge in Northern Virginia, but that, too, is changing. Worrilow’s analysis shows a sharp increase in the number of homes available in Prince William and Stafford counties. In January 2024, there were 410 detached homes on the market in Prince William, up from 367 in January 2023. In Stafford, inventory jumped from 189 homes last January to 285 this year—a significant increase.
While this doesn’t mean the market is shifting to a buyer’s market, it gives buyers more options. As more homes become available, sellers may see increased competition, making it even more important to have the right strategy when listing a property.
The New Reality of Interest Rates
Interest rates have been a hot topic in real estate conversations. While buyers were initially hesitant to purchase when rates climbed, Worrilow sees a shift in mindset. Many potential buyers have accepted the new normal and are moving forward with their purchases, realizing that waiting for rates to drop to historic lows is unlikely.
“As people become acclimated to today’s rates, we’re seeing more buyers willing to enter the market,” Worrilow explains. “This is leading to increased competition and a continued strong market in our area.”
Why Work With an Experienced Realtor?
Understanding these trends and knowing how to navigate them requires experience. With deep knowledge of Northern Virginia’s real estate landscape, Mark Worrilow is committed to helping buyers and sellers make informed decisions that align with their goals.
“This region continues to grow, and for those considering making a move, now is an exciting time to enter the market,” says Worrilow. “Whether you’re buying or selling, having a strategic plan in place will ensure success in this competitive environment.”
Stay Ahead of the Market
Staying informed is key for those looking to buy or sell in Prince William, Stafford, Fredericksburg, or surrounding areas. If you’re ready to move and want expert guidance, connect with Mark Worrilow at Fathom Realty. With years of experience and a pulse on the latest market trends, he’s ready to help you navigate today’s dynamic real estate landscape. Call him – 703-244-8702.Â
Step into this stunning 4-bedroom, 2.5-bathroom colonial home at 107 Seven Pines Dr., Locust Grove, VA 22508, where modern luxury meets tranquil living. Situated on a spacious half-acre lot in the prestigious Lake of the Woods community, this move-in-ready gem is the ultimate blend of elegance and comfort.
Why You’ll Love This Home:
This beautiful home offers over 2,500 square feet of finished living space, featuring brand-new stainless steel appliances, Pergo and wood laminate flooring, and fresh paint inside and out. The open and airy two-story foyer leads to gleaming hardwood floors throughout the main level. The light-filled dining room and a versatile office/formal living room flank the entrance. The cozy living room, complete with a gas fireplace, flows seamlessly into the upgraded kitchen with Kraftmaid cabinetry, sleek stainless steel appliances, and a convenient breakfast bar.
The upper level features all-new flooring, an office, and four spacious bedrooms. The owner’s suite boasts a large walk-in closet, dual vanities, and an ultra-relaxing jetted soaking tub. An additional flex room upstairs can serve as an office, gym, playroom, or even a fifth bedroom. The refinished screened-in rear deck offers the perfect space for year-round entertaining, while the large, level backyard provides plenty of room to play. A two-car garage and a newly sealed asphalt driveway complete this amazing home.
Resort-Style Living:
Lake of the Woods offers an unparalleled lifestyle with two private lakes perfect for boating, fishing, and swimming, an 18-hole USGA golf course, an equestrian center, two pools, tennis courts, parks, and a fitness center. The community also features a vibrant social calendar and 24-hour gated security for peace of mind.
Your Move, Your Moment
Listed at $465,000, this exceptional property won’t stay on the market long. With its unbeatable combination of luxury, space, and community amenities, it’s the perfect place to call home.
Contact Juan Piniella at 703-863-1033 today to schedule your private showing. Don’t wait—call now to make this dream home yours!
Hello! I’m Mark Worrilow of Fathom Realty. In this week’s listing, you won’t beat the price or condition of this remodeled home in a quiet area with plenty of land to serve your needs.
It’s been remodeled and is ready for new owners. This walk-in home is equipped with upgrades and beautiful fresh paint.
In 2024, the water piping was replaced, new outdoor fixtures were installed, a brand new hot water heater was also installed, and the HVAC system was cleaned and serviced in July 2024.
Call Mark Worrilow today at 703-244-8702 or email mworrilow[at]fathomrealty.com.Â
The address is 10217 Catharpin Road, Spotsylvania Courthouse, Va.
Click Here to Take a virtual tour.
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Mark Worrilow Fathom Realty is a Potomac Local sponsor. If you’re looking to buy or sell a home, change careers, or find a better place to sell Real Estate, call Mark today!