2315 Arthur Sreet, Jeffersonville, IN 47130

This home is located conveniently in the Kingsfield subdivision off of Hamburg Pike and Veteran’s Parkway in Jeffersonville Indiana.  It is also within walking distance of the YMCA and is only minutes from downtown Louisville Kentucky.  This 3BR 3BA (2 1/2) home has over 1800 sq ft of finished living space as well as a full unfinished basement.  The deck and backyard would be perfect for entertaining and those summer barbeques.  There is an additional room off the kitchen that would make a great office/den or maybe even another bedroom.

• 3 Bedrooms
• 2 1/2 Bathrooms
• 1872 Finished sq ft
• New flooring throughout the first floor
• Great neighborhood
• Convenient to shopping, schools, dining & entertainment
• 2-car attached garage
• Great sized Kitchen
• Deck
• Walk-in closet in Master BR is almost like a Bonus Room!

CLICK HERE FOR MORE PROPERTY DETAILS

Southern Indiana Real Estate – Jeffersonville Indiana Homes – Clark County Indiana Real Estate

Brett Mumaw

Contact Brett Mumaw with Semonin Realtors for more information on this home or any other real estate in Southern Indiana.

(812) 542-9057 – Office Direct

(502) 641-1677 – Cell

BrettMumaw.Semonin.com

Everywhere you look right now, people are saying what a great time it is to buy a home.  Interest rates are still extremely low and there is an abundance of inventory to choose from.  Check out the MLS listings for Southern Indiana and see.  Right now if you are a first-time home buyer, you can receive a tax credit for 10% of your purchase price up to $8,000.  I’m not writing this to dispute any of those facts as I too believe them to be true.

I’m writing this to stress the importance of being ready before you start shopping.  It is true that there is an abundance of homes to choose from, but just like any sale, all the good ones will go first and if you aren’t ready, you could be setting yourself up for disappointment.  Below are some steps you should take before ever stepping foot into a house.

• Initial Realtor Meeting ~ There is no better way to find out about the process and what it entails than to sit down with an agent and talk about it.  Remember that while this can seem intimidating to you, we do this for a living.  We can help answer any questions you have and hopefully make you feel more comfortable about the whole process.
• Financing ~ Get pre-approved!  Would you ever go shopping without taking your wallet?  That is essentially what you are doing by not getting your financing in order before you start looking.  By talking with a lender, you will gain the knowledge of knowing what you can afford and what you are comfortable with.  Also, you’ll be able to shop with confidence.  By knowing what you can afford, you will have an advantage over other buyers who didn’t prepare like you did.
• Current Living Situation ~ Where are you living now?  Do you have a home to sell?  You need to get it on the market!  A lot of people think they need to find a new home before deciding weather to move or not.  There are many problems with this scenario, but the biggest being that you lose so much negotiating power by taking this approach.  Most people now a days want to automatically get a “deal” and don’t want to pay full price.  While that can definitely happen, what do you think the odds are of a seller accepting an offer for less money and having to wait until your property sells?  I’ll just go ahead and tell you the answer is not very good.  In the sellers’ eyes, they can wait for someone to come along that doesn’t have a home to sell or they will wait for you…if you offer full price.

To take a line from the Boy Scouts of America, BE PREPARED!  Just because this is a buyers’ market doesn’t mean you have all the time in the world.  If you are ready, you can find the home you want, not the home you settle on.

Even while writing this, Sellersburg Indiana homes, New Albany Indiana homes, Jeffersonville Indiana homes, etc. are all selling and will continue to sell everyday.  Do yourself a favor and be ready when you go to get yours.

If you have any questions or concerns, please feel free to contact me.

Brett Mumaw ~ Semonin Realtors

3707 Charlestown Road, Suite 1A

New Albany, IN 47150

(812) 944-9800

BrettMumaw.Semonin.com

Market Stats as of 4/26/09

Hey everybody!  It’s Derby Week!  This is one of the most exciting times of the year for our community.  So much to do around town.  Get out there and enjoy some of the great weather we’re having and see people you haven’t seen.

Thanks so much for coming by and remember to check back often as I’ll continue to update this blog with valuable information on the Southern Indiana Real Estate Market, Buyer and Seller information, architecture and just about anything else from time to time.

Have you ever waited for something to happen and then after it does finally happen you are kicking yourself for not doing it sooner?  Right now any first-time home buyer (or anyone who hasn’t owned a home for the previous three years) who purchases a home before December 1st of this year, will receive a tax credit for 10% of the purchase price up to $8,000.  Did you hear that?  $8,000!

As with anything, there are certain guidelines and restrictions that you must follow, but it is still a great deal.  Consider that last year there was a similar “credit” that was given to homeowners.  But those new homeowners have to pay back their “credit” to the federal government.  This credit doesn’t have to be repaid as long as you occupy the home for at least three years.

Folks, this is a great deal for anyone considering to buy a home.  Really a no-brainer to me.  It is free money to do with whatever you want.  Put it towards the principle on your mortgage, pay off your credit cards, etc.

Please contact me if you would like more details or if you have any questions.  I’d love to hear from you!

Brett Mumaw ~ Semonin Realtors

3707 Charlestown Road, Suite 1A

New Albany, IN 47150

(812) 542-9057 ~ Office Direct

bmumaw@semonin.com

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Hey everybody!  Thanks so much for coming by and remember to check back often as I’ll continue to update this blog with valuable information on the Southern Indiana Real Estate Market, Buyer and Seller information, architecture and just about anything else from time to time.

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking on the picture to the left.  As always, if you have any questions about these numbers or would like to discuss them further, please don’t hesitate to call or email me.

The numbers for Southern IN are as follows as of February 22, 2009:

Active Listings Stats

• 2,221 homes currently on the market
• $174,114 is the average list price of those homes
• There is currently 15.4 months of inventory*

Last 30 Days Stats

• 144 homes sold
• The average sales price was $119,186
• The Sales Price vs. List Price was 95.6%**
• The average Days on Market was 97***
• There were 408 new listings on the market
• There were 360 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

• 2,562 homes sold
• The average sales price was $126,212
• The Sales Price vs. List Price was 96.0%**
• The average Days on Market was 105***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it’s owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then re-listed to generate new interest.  This number in most instances does not reflect the number of days from contract to close which averages 30-45 days for most closings.  In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior “days for sale” activity to the above average days on market plus 30-45 days from contract to close.  The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months.  Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Do you know where your homeowner’s policy is and more importantly, do you know what is on it?  I originally wrote this blog last April, but thought that with all the recent events (windstorm, ice storm), it might be a good idea to cover it again with a few changes.

Anyone who has ever purchased a home with financing from a lender has had to deal with getting a homeowners’ policy.  The lender requires it to ensure that the home is protected were anything to happen  (ie., natural disaster, fire, etc.).  In this blog I want to stress the importance of knowing what your policy covers because more than likely, it isn’t everything.  Most people think their policy will cover their home no matter what the case may be.  I’m here to tell you that isn’t true! As a matter of fact, I bet you’d be surprised to find out what isn’t covered under a standard policy.  According to Realtor Magazine, there are six types of disasters that may not be covered under your policy:

• Flood damage or sewer backups – Most lenders will require you to have flood insurance if the property is located in a flood zone.  It will usually be determined during the title search whether it is or isn’t.  However, the listing agent or current homeowner might know as well if they are currently paying for insurance.
• Loss due to earthquake or mudslide – A lot of people might not think that coverage for these disasters would be necessary here in Southern Indiana, but I think that it could be a wise investment.  Just last Spring we had a earthquake!  While it didn’t do much damage, who’s to say there won’t be another that does more serious damage?  I know we don’t have earthquakes very often (that was only the second one I can remember feeling in my 33 years in Southern IN), but what if we did have a serious quake?  Are you prepared financially to deal with that without insurance?
• Loss due to power interruption – How much food would you guess was lost during the two storms?  Did you know you can insure for that?  Another problem I know about first hand is the the sump pump not working when the power is out.  At my parents’ house, we had to bail water out of the basement to keep it from flooding during a storm.  What if we wouldn’t have been home?  The basement would have flooded.
• Damage from falling objects – This is one that a lot of people are learning about with the recent storms.  Tree limbs can cause serious damage and can be extremely dangerous.  As well as making sure you are covered, you should try to make sure all trees on your property are trimmed and healthy.  Try to remove all dead limbs and branches if possible.  A professional service may be needed for this.
• Damage from the weight of snow or ice – Well the first time I wrote this I didn’t really give much credence to this scenario, but what was I thinking?  Mother Nature definitely stepped up and proved me wrong.  I had ice an inch and a half thick on my car and it sounded like we were being attacked with all the branches falling on the house.
• Damage from wind or hurricanes – Now obviously we aren’t going to see too many hurricanes here, but tornadoes and severe thunderstorms are all too common throughout the spring and summer.  A strong storm or tornado can literally destroy homes.  Have you checked to make sure you are covered?

There are far too many cases of damage happening to homes and the owners being out of luck because the type of damage wasn’t covered in their policy.  My suggestion would be for you to sit down and think of all things possible.  Make a list.  Even if you think the chances are so remote they are almost impossible, write it down.  After compiling your list, schedule a sit-down with your insurance agent.  Ask him to go over your policy with you and make sure you understand what is covered and what isn’t.  You can always add coverage for things that aren’t covered under a normal policy, but you can’t do it after the damage is already done.  Your home is one of the biggest investments in your life.  Please take the time to make sure it is protected.

Hello everybody!  What a week we had here in Southern Indiana.  I hope everyone made it through the week safely and is starting to thaw out a little bit.  I know the snow and ice made it difficult on a lot of people this week, but when you slow down and look at it, you have to amazed at some of Mother Nature’s artwork.  I was looking through everyone’s pictures on Facebook this week and picked this one that was taken by my Aunt Karen to display today.  It is aesthetically pleasing to the eyes and it has a Cardinal in it so how could I go wrong!

Anyway, on to the investment opportunities for the week.  Each week I will try to post recently listed properties that could make for great investment opportunities.  These properties could be bank foreclosures, relocation properties, estate sales, etc.  All properties posted in this blog will be vacant making them a breeze to view.

This week there are 17 properties to view ranging in price from $14,800 up to $197,900.  Most of these homes are located in the Jeffersonville/Clarksville/New Albany areas, but there are a few others a little further out as well.

As always, please don’t hesitate to call or email me if you or someone you know has questions on these or any other properties located in the Southern Indiana/Greater Louisville area.

Everybody take care and have a great Superbowl Sunday!