Columbus home buyers have faced competition from cash-paying investors since the Great Recession. Recent information from ATTOM Data Solutions, as reported in Columbus Business First, suggests that cash purchases may take a larger share of the market in the months ahead. Here are the highlights, along with our own research!

During 2022, all-cash buyers accounted for 36.1% of home sales. This is the second-highest percentage of cash sales since 2011-2012, when cash sales accounted for 38.5% of all home sale transactions.

This information is concerning, given that first-time buyers represented just 26% of home sales nationally during 2022, according to the National Association of REALTORS®.

Conditions for first-time home buyers are somewhat better in Central Ohio. According to Columbus REALTORS®, first-time buyers purchased about 38% of all homes sold during the first quarter of 2022. The Columbus Dispatch reported that all-cash home purchases accounted for 24.3% of home sales during roughly the same period.

2023’s higher interest rates make mortgages less affordable than they were just a year ago, and cash buyers are not going away. Fortunately, our free e-book, “How to Buy a Home like a Pro,” gives you expert tips for making compelling offers – without breaking your budget! If you are financing your home purchase, read this book first. 

As Exclusive Buyer’s Brokers, 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
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