May is a beautiful month in Central Ohio, and our special events make it even more enjoyable! Whether you’re a lifetime resident or new to the area, there are plenty of reasons to get out and explore our fine communities. Here’s a list of Central Ohio events to get you started!

Columbus Commons – Downtown Columbus. Free events, concerts and family fun take place every week, all through the spring and summer! See the event calendar for the full list of activities. Some special events require admission fees.

Blooms & Butterflies – Franklin Park Conservatory, Columbus. Butterflies released daily during educational presentations at 1 p.m. and 3 p.m. See hundreds of butterflies amid lush blooms in the Pacific Island Water Garden. Exhibit runs through September 17, 2017.

Spring Fling – Upper Arlington. May 10, 11:00 a.m. – 2:00 p.m., Sunny 95 Park, 4395 Carriage Hill Lane. Enjoy a variety of family activities, including a fishing derby, arts and crafts, games, live music and more.

Asian Festival – Franklin Park, Columbus. May 27-28. This free festival is a cultural celebration of food, exhibits, games, entertainment and more. Explore the marketplace for unique gifts and curiosities, and take in a global experience right here in Columbus!

Ice Cream Festival – Utica. Memorial Day weekend, May 27-29. Old-fashioned family fun includes delicious ice cream, food vendors, arts and crafts, live entertainment, pony rides and contests for the kids. Enjoy the car show, motorcycle show, antique farm machinery and more!

Midwest Holiday Antiques Show. May 28, Ohio Expo Center, 9:00 a.m. to 3:00 p.m. One of the largest shows of its kind! Browse and buy antique holiday decorations and figurines. Nostalgia galore!

Memorial Day Parade – Worthington. May 29. Parade steps off at 10:00 a.m. Route begins at East Dublin-Granville Road and proceeds south on High Street to Cemetery Drive. Memorial ceremony follows at Walnut Grove Cemetery.

Memorial Golf Tournament – Dublin. May 29 – June 4. Muirfield Village Golf Club. The tournament is a major PGA Tour event featuring the best golfers in the world!

There’s always something to do in Central Ohio! And when you’re ready to explore Metro Columbus real estate, we’re here to help you!

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
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
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 earnest moneyFirst, you should know that we handle Earnest Money Deposits differently than traditional “buyer agents.” If you’re planning to buy a Columbus home, you should be prepared to include an Earnest Money Deposit (EMD) when you make a purchase offer.

While earnest money isn’t required, it’s traditionally included with your purchase offer to show your sincerity in completing the transaction, and to convince the seller to choose your offer and take their home off the market.

Here’s how it works. When you make an offer on a home, you stipulate that your offer includes an Earnest Money Deposit in the amount of “x.” You write a personal check for the amount of earnest money, payable to our special Trust Account. The EMD check is held in our Buyer-Client folder.

If the seller agrees to your offer, the Earnest Money Deposit is held, uncashed, in our Buyer-Client folder until the inspections, renegotiations for repairs, and satisfactory appraisal is completed. Once these hurdles are cleared, then the EMD is deposited into our non-interest bearing Trust Account.

At closing, your Earnest Money Deposit is returned to you in the form of a BRRS Trust Account check. You can use it as part of your down payment funds needed at closing, or you can simply deposit the EMD back into your bank account – it is up to you!

Ultimately, the earnest money remains your money; it simply represents your commitment to see the deal through.

The home seller does not get the earnest money directly, unless you fail to go through with the home purchase, and your reasons for bailing out are not covered by the contingencies in the purchase contract. In this event, you could be on the hook for much more than the earnest money amount, which is why having an Exclusive Buyer’s Broker, and specific written contingencies, are so very important!

There are no hard and fast rules about the amount of earnest money you should offer. It can be 1% to 3% of the home purchase price, or it can be as little as $250. But in a competitive market where other buyers may be vying for the same home, you’ll want your offer to be taken seriously. Since earnest money traditionally represents your financial ability and sincerity in seeing the deal through, a larger sum puts your offer in a better light.

Exactly how much earnest money to present is up to you. When you become a Buyer-Client of Buyer’s Resource Realty Services, we will give you specific guidance based on your personal situation, the market conditions, and the home!

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.

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
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
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

In a Seller’s Market, Shouldn’t You Have a True Buyer’s Agent?

April 13, 2017

Much has been said about Central Ohio’s fast-paced real estate market, and the challenge facing home buyers as they compete for limited inventory. Unfortunately, the so-called advice buyers are getting for these market conditions can be detrimental to their interests! This is because most real estate agents are dual agents who “work with both buyers […]

Read the full article →

Metro Columbus Home Inventory Sinks Lower

April 13, 2017

A mild winter helped keep Metro Columbus home buyers active in the market, but home inventory remains stubbornly low. Home prices have pushed higher as a result, setting the stage for another busy year in the Metro Columbus real estate market! Here’s a look at the latest industry statistics for our area. New listings arriving […]

Read the full article →

Enjoy April 2017 Events in Metro Columbus!

March 31, 2017

Nothing puts some “spring” in your step like getting out to special events in Metro Columbus! Welcome the longer days and the warmer weather by enjoying family-friendly, outdoor activities, or take in a home show or film festival! Here are suggestions to help you make plans! March 31-April 2. Columbus Home Improvement Show. Held at […]

Read the full article →

Debt Reduction Strategies for Future Columbus Home Buyers

March 23, 2017

In our prior blog post, we talked about what rising interest rates mean for Columbus home buyers. As we mentioned, rising interest rates will also impact anyone who is carrying variable-rate debt, which commonly includes credit cards. Today we’re sharing debt reduction strategies that can help you save money, while putting you in a stronger […]

Read the full article →

What Rising Interest Rates Mean for Columbus Home Buyers

March 18, 2017

As expected, the Federal Reserve raised its benchmark lending rate on March 15, moving its overnight lending rate from 0.75% to 1%. This isn’t earth-shattering news by itself, but Columbus home buyers need to pay attention to it for several reasons. For example, this is the second rate hike by the Fed in three months, and […]

Read the full article →

Millennials Take the Lead in Home Buying Activity

March 9, 2017

For years, real estate industry analysts bemoaned the apparent lack of interest Millennials had in home ownership. It seems Generation Y was merely biding its time! Millennials are now the dominant generation among all home buyers, according to a report by RISMedia. Here’s some highlights from the report! As of January 2017, Millennial home buyers […]

Read the full article →

Enjoy March 2017 Events in Metro Columbus!

March 1, 2017

Think spring, and enjoy the many events happening around Metro Columbus in March! Here’s a sampling of popular events that you won’t want to miss! March 11 through September 17. Blooms and Butterflies: Franklin Park Conservatory, Columbus. Need a quick dose of spring? Experience the splendor of hundreds of live, colorful butterflies in flight among […]

Read the full article →

Where is the Central Ohio Home Inventory?

February 23, 2017

Central Ohio home buyers have been out in force in recent weeks, many of them motivated by rising interest rates and a sense of urgency. Columbus Business First reports that home inventory during January 2017 was 2.2% lower than the same period a year ago. Despite this, home sales have been robust. January 2017 home […]

Read the full article →