TL;DR
In Columbus, Ohio, expect residential home closing costs to typically range from 2-5% of the purchase price. These fees can include lender fees, appraisal fees, title insurance, recording fees, and more. For commercial sales, additional costs—like higher legal, due diligence, and inspection fees—may apply.
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Understanding Closing Costs in Columbus, Ohio
When buying property in Columbus, Ohio, closing costs are a key part of your overall investment. Whether you’re purchasing a residential home or a commercial property, it’s essential to understand what fees you might face. This article breaks down the various components of closing costs and explains how they can differ between residential and commercial sales.

Residential Closing Costs
For most homebuyers in Columbus, closing costs for residential properties typically range between 2-5% of the purchase price. These fees cover a variety of services and administrative tasks required to finalize the sale. Common residential closing costs include:
- Lender Fees:
- Loan origination fees
- Application and underwriting fees
- Points (if applicable)
- Title Services:
- Title search and examination fees
- Title insurance premiums (for both lender and owner, if required)
- Appraisal and Inspection Fees:
- Property appraisal fees
- Home inspection fees (sometimes required for financing)
- Recording and Transfer Fees:
- Local government recording fees
- Document preparation and processing charges
- Escrow and Attorney Fees:
- Escrow fees for handling funds
- Legal fees (if you choose to have an attorney review documents)
- Miscellaneous Costs:
- Survey fees (if required)
- Courier or administrative fees

Commercial & Investment Closing Costs
Commercial property and investment property transactions often involve more complexity and additional costs compared to residential sales. Factors contributing to these higher costs include extensive due diligence and more involved legal documentation. Here are some of the key differences:
- Increased Due Diligence Costs:
- Comprehensive property inspections
- Environmental studies or assessments
- Detailed property condition evaluations
- Higher Legal and Professional Fees:
- More complex contract negotiations often require experienced legal counsel
- Additional review fees from specialized commercial property experts
- Enhanced Title and Recording Fees:
- Title insurance premiums may be higher
- Additional government or municipal fees, mainly if zoning or land-use issues are involved
- Financing-Related Costs:
- Commercial loans might involve higher origination fees and more rigorous underwriting processes
- Potential additional escrow fees
Tips for Managing Closing Costs
- Get a Detailed Estimate:
Request a Loan Estimate and Closing Disclosure early to understand all anticipated fees. - Negotiate When Possible:
Some fees, such as lender charges or attorney fees, might be negotiable or can be negotiated for competitive rates. - Budget for the Unexpected:
Always allow for a buffer in your budget, as some costs might vary based on the specifics of your transaction. - Work with Professionals:
Consult with real estate agents, mortgage brokers, and legal professionals who can provide guidance specific to Columbus, Ohio’s market. - Ask about Grants:
There are often local and national grants that can help home buyers in different situations, such as new home buyer assistance.
Conclusion
Understanding the breakdown of closing costs in Columbus, Ohio, can help you plan better for your home purchase or commercial investment. For residential properties, you can expect costs to run 2-5% of the purchase price, covering fees like lender charges, title services, and inspections. On the other hand, commercial transactions may incur additional fees due to more extensive due diligence and legal requirements. By being informed and proactive, you can better navigate the closing process and secure a smoother transaction.

