How Much Cash Columbus Buyers Actually Need at Closing
Buying a home in Columbus or Central Ohio requires cash for more than just a down payment, you'll also need funds for closing costs, prepaids, inspections, and possibly the real property conveyance fee. The exact total depends on your loan type, purchase price, and what you negotiate with the seller.
Franklin County Real Property Conveyance Fee Explained
Franklin County charges $3 per $1,000 of sale price as its real property conveyance fee, plus a $0.50 transfer fee per parcel. Sellers with an active homestead exemption pay a reduced rate of $1 per $1,000. Your title company calculates, collects, and submits the fee to the Franklin County Auditor at closing.