When selling your home in Chicago, knowing what closing costs to expect can help you plan and avoid surprises. Closing costs are the fees and expenses paid at the end of the sale, and they typically range from 6% to 10% of your home’s sale price.
What Makes Up Closing Costs?
Common seller closing costs include agent commissions, title insurance, transfer taxes, and attorney fees. For a detailed breakdown, the Illinois Department of Financial and Professional Regulation offers a helpful guide on real estate transaction fees. Chicago also has specific transfer taxes that can add up—learn more about them through the City of Chicago’s official website.
How to Estimate Your Costs
You can get a clearer picture by using our free home value tool to know your home’s worth. Then, factor in typical fees like the 5-6% commission, estimated taxes, and any outstanding mortgage payoffs. If you want a quick, hassle-free sale, consider our cash offer program, which can reduce some closing complexities.
Get Expert Support
Navigating closing costs can feel overwhelming. Our team at Heart of Chicago Homes is here to guide you through every step, ensuring you understand your expenses and maximize your net proceeds.
Stay Informed
For more tips on selling your home, check out our news blog with the latest real estate insights.
👉Ready to Sell Your Chicago Home? Get a Free Market Analysis!
Request a free home value report and connect with buyers. Visit HeartOfChicagoHomes.com or call/text (312) 361-8288.
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