Sellers Estimated Closing Costs in Chicago
Brokers Commission:
5% of Sales Price
Listing Administrative Fee:
$350
Attorney's Fees:
$350-$1500
State, County and City of Chicago Tax Stamps:
$4.50 per $1000
Title Insurance:
$895 for properties priced up to $100,000
$895, plus $20 per additional $10,000 of purchase price, for properties over $100,000
Zoning Certification:
(required for 1-5 unit buildings to verify allowable dwelling units)
$90
Property Survey:
$375-$500
Paid Water Bill Certificate:
$75
Prorated Real Estate Taxes:
For current taxes not yet paid or due
Prorated Utilities and Assessments:
For expenses incurred, but not paid, up to the date of closing
Recording of Escrow Fees:
$450 or hight, based on sale price of home