Don't forget to factor in closing costs when considering a home sale or purchase. U.S. AMERICA REALTY INC is seasoned at aiding both buyers and sellers when it comes to closings.
E-mail or call us today at (630)540-2780 if your needs include a professional REALTOR
® experienced in the business side of real estate.
Expected closing costs
There are certain basic expenses accompanying closing the sale of a house. These costs are commonly divided between the buyer and seller, as spelled out 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 deal.
Loan-related closing costs
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your transaction, not only will we work to get the highest sales price, but we'll also push for lower closing costs. And once we've come to an agreement, we'll fully clarify the closing costs so you know exactly where your money is going.
Buyers: When buying a house in Hanover Park, you'll receive a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within an acceptable range so you're not startled when you arrive at the closing appointment. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem questionable.