Don't forget to factor in closing costs when considering a home sale or purchase. Berkshire Hathaway HomeServices KoenigRubloff Realty Group is seasoned at helping both buyers and sellers when it comes to closings. E-mail
or call us today at 630-842-6063 if your needs include a professional REALTOR®
experienced in the business side of real estate.
Expected closing costsThere are certain normal fees related to closing the sale of a house. These fees are usually divided between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Illinois to help guide you through your process.
Closing costs that are tied to financing (Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your transaction, we'll not only work to get the highest sales price, but we'll also campaign for limited closing costs. And once we've arrived at an agreement, we'll fully clarify the closing costs so you are aware of exactly where your money is going.
Buyers: If you are purchasing a property in Glen Ellyn, you will be given a Loan Estimate of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not stunned when you show up at the closing table. We'll be happy to go through the estimate with you, answering your questions and highlighting any estimates that seem unusual.