Category Archives: Uncategorized

The 61st Semonin Realtors Winner’s Circle $10,000 Drawing

After winning the last $10,000 drawing, Phil Miller, of Semonin Realtors, never thought he would win it AGAIN at the very next event! But that is exactly what happened at the 61st Semonin Realtors Winner’s Circle drawing, held July 15, 2014. Thirty agents from around the area were entered into the drawing after selling a property registered in the Semonin Realtors Winner’s Circle program. Phil won the grand $10,000 prize, plus a $500 bonus for being both the listing and selling agent on the property drawn as the winning entry.Phil and Tim with Check

Celebrate this Independence Day in Louisville!

For many, 4th of July weekend is always a highlight of the summer. Some leave town, some stay at home to light sparklers with the kids. Whatever you do, it is a holiday worth celebrating! For those of you who have yet to make plans, there are tons of things going on around town! Click here for a couple of events taking place in the Louisville area this holiday weekend.  4th of July Weekend

Louisville Market Snapshot: Months of Inventory

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!

Greater Louisville Months of Inventory 6-15-14

Flood & Disaster Insurance

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. Flood insurance

Semonin Realtors® Participates in U.S. Military on the Move Rebate Program

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.

Active, Retired Military,& Wounded Warriors, Earn cash back when you buy or sell a home with Semonin Realtors®. Semonin Realtors® Military on the Move is a free real estate rebate program for active duty military, retired military (defined as 20 years of service) and wounded warriors. Offered in states where allowed by law. To be eligible you must register at www.usmilitaryonthemove.com/SemoninRealtors or call 855-575-2409.

Semonin Realtors Raises Funds to Raise the Roof

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.

An exciting live auction is the day’s main attraction, but funds were also raised through an afternoon bake sale and raffle drawing. Here are a few photos from the day’s festivities. 

"Bunny Butt Cupcakes"

Easter Bunny Cake

Semonin Realtors Dessert Auction

Semonin Realtors Dessert Auction

Semonin Realtors Dessert Auction

Semonin Realtors Dessert Auction

Peacock Cake

Derby Cake

Strawberries and Creme

Peep Tree

Easter Cake

Bake Sale

Dessert

The Big Four Bridge Opening in Indiana

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 Big Four Bridge

Photo Credit: Insider Louisville

How Do Buyers Search for Homes?

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.

How many buyers use each tool to search for homes (in percentage) Online Website: 89% Real Estate Agent: 89 Yard Sign: 51  Open House: 45 Mobile/tablet website or application: 45           Mobile/tablet search engine:  42           Online video site: 27 Print newspaper advertising:  5 Home Builder: 5 Home book or magazine: 5 Billboard: 5 Television: 4 Relocation Company: 3 Information Sources Used in Home Search From the National Association of Realtors  Profile of Home Buyers & Sellers - 2013

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.

Remodeling Costs & Resale Value

Remodeling projects are a great way to add value to your home, but not all projects produce the same return. If you are looking to add value to your home, it is important to know how much certain jobs cost and how much of that money you will get back when you sell the property. Remodeling Magazine recently came out with the 2014 Remodeling Cost vs. Value Report which provides estimates for national averages and for local areas such as the Greater Louisville region. Below are some remodel projects with their average cost and value recouped in our local area. Our averages are generally at or above the national percentage of cost recouped.

Project: Attic Bedroom; Job Cost: $47,725; Resale Value: $32,968; % Recouped: 69.10% Project: Basement Remodel; Job Cost: $59,830; Resale Value: $38,218; % Recouped: 63.90% Project: Bathroom Remodel; Job Cost: $15,444; Resale Value: $8,479; % Recouped: 54.90% Project: Family Room Addition; Job Cost: $76,667; Resale Value: $45,600; % Recouped: 59.50% Project: Garage Addition; Job Cost: $48,619; Resale Value: $27,496; % Recouped: 56.60% Project: Garage Door Replacement; Job Cost: $1,468; Resale Value: $1,054; % Recouped: 72.00% Project: Major Kitchen Remodel; Job Cost: $52,836; Resale Value: $36,762; % Recouped: 69.60% Project: Minor Kitchen Remodel; Job Cost: $18,211; Resale Value: $13,625; % Recouped: 74.80% Project: Master Suite Addition; Job Cost: $99,369; Resale Value: $60,196; % Recouped: 61.00% Project: Home Office Remodel; Job Cost: $26,923; Resale Value: $8,582; % Recouped: 31.90% Project: Roofing Replacement; Job Cost: $16,591; Resale Value: $9,112; % Recouped: 54.90% 

Louisville Rankings & Recognition (Infographic)

Best of Louisville Infographic

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