Sunday, February 22, 2009

Selling in Chicago - Closing Costs to Consider

Selling Real Estate Puzzle I see this question come up time and time again and wanted to provide a good recap of what to expect.

-$3.50 per $1,000 of sale price for Cook Country Transfer Stamps.
-Approximately $750 for title insurance.
-Approximately $500 for Chicago Real Estate Attorney fee.
-The agreed upon proration of real estate taxes and assessments.
-Any pending special assessments.
-Ancillary can costs $100-$500+/-.
-Real Estate Commission - Listing your property with a Broker (like IllinoisRealEstate.com) that is paid at closing.

A good way to get a very close estimate is to have your real estate attorney could draft a preliminary HUD-1 settlement statement for you based on your anticipated selling price.

Please email me if I can answer any questions or help with listing your Chicago home for sale.

Thanks,

Brian Nygard
Realtor/Owner
IllinoisRealEstate.com
Chicagoland Residential + Commercial Real Estate Services
Cell/Text: (312) 217-8002

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