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Apr 29, 2024 · Varies. Total*. 3.00%. $7,976. *Based on a sale price of $265,991, the typical home value in Illinois (Zillow September 30, 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 $13,486 for the median home price in the state. Home sellers typically pay for agent fees ...
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:
Sep 14, 2023 · Illinois closing costs average about 2.1 percent of the home’s sale price, according to ClosingCorp data. On a median-priced Illinois home, which is $287,400 according to Redfin, that comes to ...
- Kacie Goff
Aug 13, 2024 · Joseph Gordon Editor. Understanding the financial aspects of closing costs is an important factor when selling your home in Illinois. Closing costs are various fees that sellers need to cover to finalize the sale of their property. These costs can include agent commissions, property taxes, and other necessary fees tied to the closing process.
Aug 22, 2024 · In Illinois, it typically costs 11.78% 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 $41,228 in closing costs; $58,897 for a $500,000 home; or $88,345 for a $750,000 home. Keep in mind that these costs are just estimates.
- 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...
As a seller, you're responsible for paying your agent. You'll agree on this fee with your listing agent upfront, and you'll pay the fee when your home sells out of the sale proceeds. The average listing agent fee in Illinois is 2.64%. To estimate how much you'll spend on the listing agent fee, multiply: Your estimated home sale price x 2.64%.
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Approx Costs: $.50 for every $1,000 of the sale price. 6.5 HOA Estoppel Fee: If the property is under an HOA, the seller may be charged a fee to formulate an HOA estoppel letter. Approx Costs: $100 to $500. This Home Sale Proceeds Calculator in Illinois is only for planning and educational purposes.
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related to: How much does it cost to close a home in Illinois?Compare Loan Options and Rates. Get Started Now! Closing Costs Can Be Complicated, We Can Simplify Them For You.
