Columbus winter home buyersBuying a home may not be the first thing you think of in December or January. But for Central Ohio home buyers, these two winter months offer some of the best market conditions you’ll see all year!

According to a study by ATTOM Data Solutions, buyers around the country have been facing higher home prices year-around. When inventory is scarce and buyer demand is strong, competition increases, leading to higher offers. During the month of June, home buying activity tends to peak; consequently, June buyers pay about 7.1% more for a home on average.

When December rolls around, it’s a different story. Fewer home buyers are active in the market, yet there are motivated sellers who are anxious for an offer. ATTOM’s study shows that December home buyers pay a much smaller premium for homes during this month – averaging only about 1.2% over market value. Overall, sellers are more likely to reduce the asking price on their home in December.

Ohio home buyers do very well during the month of January, too! Ohio home sale prices average 7.4% less than market value during this month. Well-prepared buyers who remain active in the market during December and January enjoy greater leverage in purchase negotiations.

We can help you maximize your home buying opportunities in the winter months – and year around! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

Ohio Home Inspections Andrew ShowIt might surprise Columbus home buyers, but until recently, home inspectors were not required to hold a professional license in the State of Ohio. Virtually anyone could conduct business as a home inspector and follow their own interpretation of the job. This left home buyers vulnerable to bad actors in the trade, with practically no recourse against them.

In January 2019, the Ohio legislature created a licensing requirement for home inspectors which was scheduled to become effective November 1, 2019. The new law established a uniform standard for education, skills and business practices, and required applicants to pass a criminal background check.

As part of the new law, real estate agents must recommend no less than 3 licensed home inspectors for home buyers to choose from. The law also creates procedures for resolving complaints between home buyers and home inspectors.

There’s just one snag: the State is still deciding how to test and qualify new home inspector applicants who apply for licensing. Consequently, the effective date of some provisions of the licensing law have been pushed out to April 5, 2020.

In the meantime, hundreds of experienced Ohio home inspectors have obtained a license through a “grandfather” provision. This fast-track license requires a combination of experience, industry-related education, and/or completion of a national home inspector exam.

Many reputable home inspectors are also members of the International Association of Certified Home Inspectors (InterNACHI®.) Members of this trade association pledge to adhere to specific standards of practice and a code of ethics.

Meanwhile, your best bet for finding an experienced, qualified home inspector, is through a referral from an Exclusive Buyer’s Broker! We only represent buyers, which gives us a strong, buyer-centric perspective on the inspection process. Therefore, we only recommend trustworthy home inspectors who examine the home as if they were buying it themselves. This is just one of the many benefits of having an Exclusive Buyer’s Broker on your side!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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Home buyer enthusiasm didn’t fade with the change of seasons, according to September sales data from Columbus REALTORS®. Favorable mortgage interest rates, along with positive economic conditions, have kept buyers motivated. Here’s a look at the numbers! On a year-over-year basis, the volume of Central Ohio home sales increased by 8.9% during September. Conversely, home […]

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Franklin County Approves New Conveyance Fee on Home Sales

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Columbus real estate has bubbled up on another media list! A report by SmartAsset, a financial technology company, named the Columbus area real estate market as one of the healthiest in the country, placing it #86 nationally and #2 in Ohio. What exactly is a “healthy” real estate market? In the case of the SmartAsset […]

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For Millennial Home Buyers, the Struggle is Real

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Home ownership has begun later in life for this generation of young adults. For years the media assumption was that Millennials were unmotivated by home buying and unready for the financial responsibility that went along with it. But when a study by Business Insider crunched the numbers, it demonstrated that economic headwinds, more than personal […]

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Mistakes to Avoid When Buying a Columbus Home

August 9, 2019

A new home buyer survey reported by CNBC shows that buyer’s remorse has been on the upswing. One reason is the limited inventory of affordable homes facing buyers around the country. With little to choose from for the money, some buyers purchased homes that they quickly outgrew. Others purchased homes that needed more repairs than […]

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Mortgage Pre-Approval Remains Essential for Columbus Home Buyers

May 4, 2019

Quick! How much home can you afford to buy? The answer might seem simple, but it isn’t! Columbus home buyers need to understand the difference between a mortgage pre-approval, and a mortgage pre-qualification. A mortgage pre-qualification is an informal estimate of your home buying power, based on unverified information you give to the lender. Lenders […]

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