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Aug 22, 2024 · In Illinois, it typically costs 11.76% of a home’s sale price to sell a home. For context, if you sell a home that costs $350,000, you’d likely pay around $41,146 in closing costs; $58,779 for a $500,000 home; or $88,169 for a $750,000 home. Keep in mind that these costs are just estimates. Your specific costs will depend upon your home’s ...
- Illinois closing costs typically average about 7% of a home's final sale price. That figure includes common closing costs, such as title insurance...
- Buyers and sellers have separate closing costs in Illinois. Prorated property taxes are split between both parties. Sellers are usually responsible...
- Sellers usually cover both the buyer's agent and seller's agent commission in Illinois, which amounts to about 5% or more of the home's final sale...
- The cheapest way to sell a house is to use an agent matching service like Clever Real Estate, which has pre-negotiated a low listing agent fee with...
May 15, 2024 · The median sale price of a home in the state was $282,000 in March, according to Illinois Realtors’ data — 5.5 percent commission on a sale of that price would come to $15,510. Up until ...
- Common Expenses For Home Sellers in Illinois
- How Much Will I Make Selling My Illinois House?
- Cost of Selling A House Calculator
- How to Avoid Losing Money on Your Illinois Home Sale
The chart below breaks down the average cost for some of the most common expensesfor home sellers in Illinois to help you prepare for the most (and least) costly aspects of selling your home. Keep in mind that your actual expenses may vary, depending on your home price and factors like how much you need to spend on home prep and relocation. For a m...
If you don't have a mortgage, you'll get the entire sale price minus the costs of selling your home. That means you could take home $235,934 if you sell your home for $267,365 and pay 11.76% to sell it. You may owe money on the property, which will reduce the amount you make selling your home. The average Illinois homeowner owes $177,055 on their m...
Use this cost of selling a house calculator to get a better idea of how much you'll have to spend to sell your home — and how much you'll take home after! While your exact costs may vary, you can use these Illinois averages as a general guide.
No matter where you're selling in Illinois, these tips will help you maximize your profits from your home sale!
Transfer taxes are fees to transfer real estate property from one owner to another. Illinois charges you about 0.15% of your home's sale price to transfer the title to the new owner. If you sell for Illinois's median home value — $267,365 — you'd pay $401. Learn more about transfer taxes in Illinois.
Apr 29, 2024 · 2.99%. $8,006. *Based on a sale price of $267,365, the typical home value in Illinois (Zillow August 31, 2024) On top of these closing costs, you'll need to pay realtor fees. Average realtor fees in Illinois are 5.07%, which works out to $13,555 for the median home price in the state. Home sellers typically pay for agent fees for both their ...
Aug 13, 2024 · Like other fees we’ve discussed, these will vary, not just because of the different rules and regulations of your local HOA but also because HOA regulations vary greatly depending on the state. These fees (or dues) are usually prorated at the time of the sale. The average monthly HOA fee in Illinois is $387.
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Jul 11, 2024 · Buyer closing costs in Illinois. For homebuyers in Illinois , you can expect closing costs to range 2%-5% of the home’s purchase price. If you’ve paid earnest money, which is typically 1%-3% of the home’s price, this amount will be subtracted from your closing costs. Let’s break down some of the common closing costs covered by the buyer:
