Author Archives: semoninblog
Months of Inventory as of June 15, 2014
What is Months of Inventory? This term considers the amount of inventory currently on the market and the recent demand shown by buyers. As you can see from the graph in the image, the months of inventory in the Louisville market is currently around 5.3. This means if no more inventory were to come of the market, it would take approximately 5.3 months for buyers to purchase everything that is currently listed. This number indicates that we are in a seller’s market right now. Often in this kind of market, seller’s experience multiple offers and sell their homes in less time and for more money. If you have been thinking about selling, now is the time to get your house listed!
Many homeowners are misled when it comes to what their homeowners insurance actually covers. It is vital that you understand all the details of your policy before you have to use it! Click here to find out what you need to know about flood and disaster insurance.
Semonin Realtors® is honored to assist our military moving in or out of the Kentuckiana region with our U.S. Military on the Move program.
Military on The Move was developed by Leading Real Estate Companies of the World® to give members a low-cost alternative to existing military affinity programs such as USAA and Navy Federal Credit Union. It is a free real estate rebate and information program that allows military active duty, retire (20 years of service) and wounded warriors to earn cash back when they buy or sell a home with Semonin Realtors®.
For more information, click on the flyer below or visit www.usmilitaryonthemove.com/SemoninRealtors.
Top 5 Reasons For Selling A Home
- Home is too small. 19% of sellers in 2013 decided to make a move to upgrade to a home with more square footage. The majority of people who listed this as their reason for selling were first-time sellers.
- Job relocation. 15% of all sellers in 2013 indicated they had to sell their home due to relocating for work.
- Proximity to family and friends. 13% of sellers put their house on the market because they wanted to move closer to their loved ones.
- A tie between downsizing and a decreased desire in neighborhood. 10% of sellers in 2013 thought their home was too large for their needs and sold their home to downsize to one with less square footage. The same percentage of sellers said their neighborhoods had become less desirable in some way or another, which gave them reason to move.
- Recent change in family situation. 8% of people who sold their home in 2013 did so because something changed within the family. Such changes may include things like the birth of a child, marriage, divorce, or death.
Based on a 2013 study by the National Association of Realtors®
A Look at the 2014 Semonin Realtors® Dessert Auction
Over the years, Semonin Realtors® has proudly sponsored the build of 16 Habitat for Humanity homes. Throughout the year a number of events are held to help raise funds to “raise the roof” on the 17th Semonin sponsored Habitat house. The annual Dessert Auction has proved to be a favorite among the Semonin family. This year’s event held Wednesday, April 16th, raised more than $11,500 for Habitat for Humanity!
Dozens of creative cakes and delicious desserts were donated by friends and family, as well as a number of local bakeries.
Tidying up may come with a snap of your finger in Disney’s “Mary Poppins” classic, but in the real world, household chores take a bit more effort. Nevertheless, it sure can feel good when the job is done. Springtime is the season when everything comes to life. It is the time we can finally emerge from the hibernation the harsh winter forced us into. Spring is the perfect time to open the windows, let in the fresh air, and rejuvenate your home back to a clean, happy, and efficient environment. Your spring cleaning checklist can seem like a long one, but you will be glad when you complete each task.
To get you started, here are a few chores you should not forget to include:
Lighten Up Your Space
Spring cleaning is when you should tend to things you normally wouldn’t think of, like your light fixtures. Dirty lamps and chandeliers can really affect the light in your home, making rooms look dim and less vibrant. According to the U.S. Department of Energy, dirty bulbs actually give off 30% less light than clean ones! Thoroughly dusting lamp shades, chandeliers, and ceiling fixtures throughout your home, and wiping off bulbs with a dry cloth can brighten up your space and give your home the true light you have been paying for. You should also carefully take down those grimy ceiling fixture bowls that have collected dust and bugs throughout the year and wash them in the sink using warm water and dish soap. After drying them off you will be surprised what a difference it makes! While you are at it, tend to your window treatments as well, wiping off blinds with a damp cloth and vacuuming dust from curtains and drapes.
Tend to the Overlooked Areas
Routine cleaning throughout the year leaves many surfaces in your home untouched. During your spring cleaning, take the time to tend to these areas and get rid of the dirt and dust that may not be as visible. Make sure your checklist includes dusting or washing places like, above cabinets, under furniture, baseboards and walls, and air vent coverings. Try thinking of all the surfaces, floor to ceiling, that you haven’t touched throughout the year, and use this time to tend to those areas.
Making More Room
Getting rid of old and unused items is a big part of spring cleaning. This allows you to rid of unnecessary clutter, make room for new things, and get organized again. As you store away winter clothes and accessories and unpack spring and summer attire, sort through things and separate those items you can donate or toss from those you need to keep. If you have a hard time throwing things out, a good rule of thumb is—especially when it comes to clothing—if you haven’t worn or used the item within the last year, you probably will not use it in the future. And remember, the more you get rid of, the more space you will have to put new things!
Good luck and happy cleaning!
The Big Four Bridge, which has been a popular attraction for Louisville residents since it opened on February 7, 2013, will finally be accessible from the Indiana side. After several extensive delays, the much anticipated completion is confirmed for April 30, 2014, the same day of the Kentucky Derby Festival’s Great Steamboat Race.
The Big Four Bridge connects Louisville, Kentucky with Jeffersonville, Indiana allowing pedestrians and bicyclists to easily enjoy the attractions on both sides of the Ohio River. The opening of the Jeffersonville ramp will give Louisville residents the ability to stroll across the river to enjoy the many great shops and restaurants Historic Downtown Jeffersonville has to offer. On the flip side, those from the Southern Indiana side will be able to easily enjoy Louisville’s esteemed Waterfront Park and many downtown attractions without the hassle of automobile traffic and finding a place to park their car. This recreational bridge is hoped to promote exercise and a larger sense of community among the area’s residents and tourists.
The real estate world has changed drastically since the good old days when searching for homes meant picking up the newspaper and diligently scanning through all the cramped text and tiny photos. Everyone has turned to the Internet for everyday tasks, including searching for homes.
According to the National Association of REALTORS®, in 2013, 92% of homebuyers used the Internet to search for homes, and 43% actually found the home they purchased on the Web. These numbers have continued to rise year after year. As a seller, the more buyers you reach, the better chance you have of getting an offer. How do you reach more buyers? Easy; market your home with the tools buyers are using to shop, or in other words, put your listing where they will see it.
The chart to the right displays which tools buyers use most often to search for homes. Primarily focusing on the most popular, you should use a combination of these sources to reach a good amount of buyers. If you are using a real estate agent to list your home, ask questions about marketing tools: What websites will your listing be on? Is their website compatible for smart phones and tablets? How many open houses will you have? What kinds of tools will be used to specifically reach other real estate agents? All of these are valid questions to be asked and could influence your decision of which agent you should use.
A knowledgeable seller, is a successful seller. Information like this will help you feel confident and informed through the difficult process of selling a home.