In Ohio, the conveyance fee is typically paid by:
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The buyer
Buyers typically pay for items like loan origination fees, title insurance, and recording fees, but not conveyance fees in Ohio. Confusing buyer and seller expenses is a common error.
The seller
Split equally
While some costs may be split between buyer and seller, conveyance fees in Ohio are not typically divided equally but are instead a seller responsibility by custom.
The title company
Title companies facilitate the transaction but do not typically pay conveyance fees out of their own pockets; they collect from the appropriate party.
Why is this correct?
In Ohio, conveyance fees are considered a cost of selling property and are traditionally paid by the seller as part of the closing expenses. This aligns with customary practice where sellers bear the cost of transferring ownership.
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