What Are Closing Costs When Selling a Home in Marysville, Ohio?
What are closing costs when selling a home in Marysville, Ohio?
Closing costs are the final fees and expenses paid at the end of a real estate transaction. In Marysville, home sellers typically pay between 1% and 3% of the sale price in closing costs — separate from agent commissions. These fees cover title services, transfer taxes, and other transaction-related expenses.
Understanding Closing Costs for Sellers
When you sell your home in Marysville, both you and the buyer have closing costs. However, sellers usually pay the costs tied to transferring ownership and ensuring the property’s title is clear. Get our seller playbook for a seller net sheet now.
Common seller-paid closing costs include:
- Title Insurance: Protects the buyer and lender against title issues (typically 0.5–1% of the sale price).
- County Transfer Tax: Union County charges a small fee per $1,000 of the sale price for property transfers.
- Escrow Fees: Covers the cost of the neutral third party managing the closing process.
- Attorney Fees (if applicable): While not required in Ohio, some sellers choose to hire an attorney for added peace of mind.
- Mortgage Payoff and Prorated Taxes: Any remaining loan balance and taxes owed through closing day are deducted from your sale proceeds.
Average Seller Closing Costs in Marysville
For a $375,000 home sale in Marysville, Ohio:
| Cost Type | Typical Range | Estimated Amount |
|---|---|---|
| Title Insurance | 0.5–1% | $1,800–$3,750 |
| Escrow/Settlement Fees | 0.25–0.5% | $900–$1,800 |
| Transfer Taxes | 0.2% | $750 |
| Recording & Courier Fees | Flat rate | $100–$300 |
| HOA/Utility Payoffs | Variable | $100–$600 |
| Mortgage Payoff | Based on loan balance | — |
| Estimated Total (excluding mortgage) | 1–3% of sale price | $3,650–$11,000 |
Who Pays What in Ohio
Ohio is considered a “buyer and seller responsibility” state, meaning both sides share in closing costs. Sellers typically cover title transfer fees, taxes, and their agent’s commission, while buyers handle loan origination and appraisal costs.
However, in some Marysville transactions, sellers may agree to pay part of the buyer’s closing costs — especially if it helps the deal close faster.
How to Reduce Your Closing Costs
Jim West, a 20-year Marysville real estate veteran, shares a few insider tips:
- Shop Around for Title Services: You can choose your title company — and pricing varies.
- Negotiate Fees: Some closing fees, such as courier or settlement charges, can be negotiated.
- Time Your Payoffs: Closing near the end of the month can reduce prepaid interest and taxes.
- Ask About Credits: Occasionally, buyers agree to cover part of the closing costs during negotiations.
Local Insight from Jim West
“In Marysville, I help my sellers plan their net proceeds from day one,” says Jim West. “Closing costs can be confusing, but when you know what to expect — and how to minimize them — you can walk away from the sale confident in your bottom line.”
Closing Costs FAQ for Marysville Home Sellers
Q1: How much are closing costs for sellers in Marysville, Ohio?
A: Most sellers pay between 1% and 3% of the home’s final sale price in closing costs, not including agent commissions.
Q2: Can I negotiate who pays closing costs in Marysville?
A: Yes. While sellers typically cover their own fees, buyers and sellers often negotiate cost-sharing to make a deal work.
Q3: Are closing costs tax-deductible?
A: Some may be deductible if they relate to property taxes or mortgage interest. Always consult a licensed tax professional for accurate guidance.
Q4: How can I estimate my net proceeds?
A: Your real estate agent can prepare a detailed net sheet showing your expected expenses and what you’ll walk away with after the sale.
Q5: What’s the biggest mistake sellers make with closing costs?
A: Ignoring them until the end. Planning ahead with an experienced Marysville agent like Jim West ensures you understand — and minimize — your costs early in the process.
Final Thought
Closing costs are a normal part of selling a home, but with the right guidance, you can keep them in check and maximize your net profit. A local agent like Jim West can help you prepare a detailed net sheet so you know exactly what you’ll walk away with when the sale closes.
Call to Action
- 📞 Call us at (614) 507-5732
- 📧 Email jimwest@jimwestteam.com
- 🏡 Request a personalized net sheet for your Marysville home
- 📅 Schedule a seller consultation with the Jim West Team
