Buyer’s Home: Your Exclusive Columbus Buyers Agency

Columbus home buyer tips Andrew ShowOne of the most frustrating things about renting are the restrictions against pet ownership. In the case where a pet is allowed, you might pay a larger security deposit, and perhaps a monthly surcharge on your rent. In most instances though, you’ll see rental advertisements with two clear words: “NO PETS.”

Why do landlords restrict pet ownership? Two main reasons involve property damage and liability. Dogs and cats may bite, chew, scratch and “mark” just about any surface that appeals to them. Most worrisome is the chance that a tenant’s pet may injure someone and cause an expensive lawsuit.

Buying a Columbus home doesn’t mean the pet restrictions are over. There are 3 main concerns to keep in mind:

  1. Homeowner’s insurance restrictions. Insurance companies may not write policies if certain dog breeds are in the household. The list of “banned breeds” is ever-changing and includes dogs you might not consider dangerous! Check with your insurance company before you adopt a dog. Even a friendly dog can accidently hurt someone by jumping on them or getting underfoot, and your liability insurance could be put to the test.
  2. Homeowner’s association rules. Maximum dog size and allowable breeds may be specified in exacting terms. The HOA may also restrict or forbid certain types of outdoor shelters, tie-outs or fencing. You should always check the association’s rules and financial statements as a home buying rule of thumb.
  3. Local ordinance. Your municipality may forbid certain types of dogs in the interest of public safety. You may also be required to purchase a pet license and supply proof of pet vaccinations.

If you already have pets or are considering a new pet, check these considerations before you settle on a specific location or property. This will help ensure a good home choice for all members of your household, including your four-legged friends!

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

columbus real estate and economyColumbus real estate has been on a tear in 2020, with higher home prices and faster sales. But as the pandemic drags on and the economy struggles, there’s some question about how long home sales can keep the pace.

The short answer: as long as home demand keeps outpacing supply, prices won’t be declining anytime soon. However, a sustained economic disruption could soften demand. Here’s a look at the Central Ohio economy as of August 2020, according to the U.S. Bureau of Labor Statistics:

Columbus area unemployment stood at 8.3%, just below the national average of 8.5%. Franklin County had the highest unemployment at 9.1%. Delaware County has the lowest at 6.1%.

The Central Ohio industries with the most job losses include:

  • Leisure and Hospitality services = 26.3% decline in employment
  • Other service-oriented industries = 15.5% decline in employment
  • Education and Health services = 7.9% decline in employment

The Central Ohio industries with the least job losses include:

  • Government = 1.3% decline in employment
  • Professional and business related services = 4.9% decline in employment
  • Manufacturing = 5.1% decline in employment

In the middle of the pack, financial services, information technology, and construction have employment declines between 6% and 7.6%.

It should be noted that these figures already represent some improvement from the state of the economy a few months ago. Still, the economy will need time to get back to the levels enjoyed prior to the pandemic.

So long as the Central Ohio economy continues its gradual recovery, and housing inventory remains limited while home demand remains strong, Columbus home buyers will continue to face a competitive market in the months ahead. However, it’s important not to overpay for a home in this environment! One should also avoid making an impulsive home purchase that will not suit your long-term needs.

Looking for home buying advice? 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

Columbus Home Sales Set Record High in August

September 28, 2020

Columbus home buyers faced a blistering market during August, as low mortgage rates fanned already-hot home demand to new sales highs. According to Columbus REALTORS®, the nearly 5% gain in sales volume on a year-over-year basis set a new record for August, with approximately 3,400 residential units sold. Overall, the speed of August sales set […]

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3 Home Search Mistakes Columbus Buyers Should Avoid

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The lean supply of Columbus area homes for sale can make buyers anxious, and inspire them to get too creative with their home search. Some tactics can backfire and close more doors than they open. Here’s what not to do during your Columbus home search! Do not call the listing agent for each home that […]

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Central Ohio Homeowners are Happy to Stay Put

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When it comes to putting down roots, homeowners in Central Ohio have carved out quite a niche. According to a 2020 study by SmartAsset, reported in Columbus Business First, Worthington homeowners have held their properties for an average of 24.8 years. The national average for home retention is 13 years. Long-term home ownership is also […]

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Columbus Homes See Higher Summer Prices, Faster Sales

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Home sales in the Columbus Metro started out strong this spring and gained momentum through the summer. The latest home sale statistics from Columbus Realtors© show July 2020 transaction volumes up 6.1% over July 2019. The unwavering demand for Central Ohio homes pushed price increases into the double digits. Average home prices in July increased […]

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Columbus Rents Climbing Higher in 2020

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While Columbus Metro apartment rents aren’t as lofty as some cities, they have been rising sharply. An ApartmentGuide study shows double-digit rent increases on a year-over-year basis for Columbus apartments of all sizes. The study compared average rents around the country from the second quarter of 2019 to the second quarter of 2020. Despite the […]

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New Franklin County Property Appraisals Issued

August 25, 2020

The Franklin County Auditor’s office released new property appraisals August 22, 2020. If you agree with the tentative property value, no action is necessary. If you disagree with it, you can speak with an appraiser to discuss your property value. Speaking with an appraiser occurs during a “review session” and they can be performed virtually […]

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Columbus Millennial Home Ownership Trails National Average

August 10, 2020

Millennial home ownership in the Columbus Metro is below the national average, according to the latest study by Porch.com. The study evaluated data from the U.S. Census Bureau, the Bureau of Economic Analysis and Zillow. It also examined median home prices and wages, average mortgage payments and the cost of living among large U.S. metros. […]

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Columbus Real Estate Market Humming Along

August 3, 2020

Columbus home buyers have proven resilient against anything 2020 can throw at them, according to the latest market data reported by Columbus Business First. The number of homes under contract increased by 17% on a month-over-month basis from May to June. Ultra-low mortgage rates and limited home inventory keeps home buyers motivated, even while the […]

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