Buying in Central Ohio—whether it’s a new build in Evans Farm, a Westerville cul-de-sac, or a Worthington charmer—means you’ll hear “earnest money” fast. This is the good-faith deposit that shows sellers you’re serious. Done right, it strengthens your offer; done sloppy, it creates risk. Here’s the playbook I give my clients.

1) What earnest money actually is (and typical amounts here)

It’s a refundable good-faith deposit credited to you at closing. In Columbus, Powell, Dublin, Westerville, Lewis Center, Delaware, and Worthington, I typically see 1–3% of purchase price—enough to signal commitment without overexposing you. I calibrate the amount to the property, competition, and your cash flow so you’re confident and competitive.

2) When you pay and who holds it

Once your offer is accepted, you usually deliver funds within a few days. In Central Ohio, it’s commonly held by the listing broker, buyer’s broker, or the title company in a trust/escrow account. We’ll specify the holder in the contract so there’s zero ambiguity—and I’ll verify receipt so timelines don’t bite you.

3) How you keep it protected (contingencies are your shield)

Inspection, appraisal, financing, title—these aren’t just boxes to check; they’re the levers that keep your deposit safe. If a Lewis Center inspection uncovers major issues, or a Delaware appraisal comes in low and the seller won’t adjust, properly drafted contingencies position you to exit with your money intact. I stress-test your clauses before we submit so you don’t learn the hard way.

4) Turning earnest money into leverage (without unnecessary risk)

Bigger deposit = stronger signal. But the trick is pairing size with smarts. For hot homes in Dublin or Worthington, we might increase the amount, shorten deadlines, or use targeted partial non-refundability that only kicks in after inspections are satisfied. Translation: you look incredibly serious while still protecting downside.

5) Logistics, fraud safety, and timing

Cashier’s check or wire—never rush a wire without calling the title company at a verified phone number. (Email instructions can be spoofed.) I coordinate timing so funds arrive on schedule and we’re fully documented—especially important on quick-move timelines in Westerville, Powell, and Evans Farm.

Bottom line: earnest money is a strategic tool. Use it to strengthen your offer—without gambling your wallet.

Thinking about buying in Columbus, Powell, Dublin, Westerville, Lewis Center, Delaware, or Worthington? I’ll dial in the right earnest-money strategy for your situation and negotiate the terms to protect you.

[Contact Patrick Murphy, REALTOR® — Columbus, Powell & Dublin Expert]