
	Finding the right home at the right price is just one aspect of a real estate transaction. MICHAEL SORENSEN SHORT SALE GROUP @ REMAX CITY CHICAGO ILLINOIS is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 847-696-1664 if your needs include a real estate pro ready for the business side of real estate.

Expected closing costs

There are certain expected fees linked to closing the sale of a house. These fees 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 lead you through the process.

Loan-related closing costs (Learn more)

Points (optional)
Appraisal Fee
Credit Report
Interest Payment
Escrow Account

At closing, the following 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 negotiate your sale, not only will I work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll explain in detail the closing costs so you are aware of exactly where your money is going.

Buyers: When purchasing a home in Cook County, you will be given 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 prior experience and is required to be within an acceptable range so you're not surprised when you reach the closing table. I'll be glad to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

MICHAEL SORENSEN - REMAX CITY REALTORS - Chicago Short Sale Specialist, CDPE - Certified Distressed Property Expert, Short Selling Homes in Chicago & Suburban Chicago Illinois Short Sales. Looking to Short Sell your Chicago or Northern Illinois Property? Call me at 773-987-8224 Chicago Real Estate Listings, Chicago ShortSale Homes For Sale, Chicago Pre Foreclosure Houses, Chicago Condos, Townhouses, Investment Properties, Luxury Homes, Bank Owned Foreclosed Proeprties, Chicago Foreclosure MLS Listings, New Construction, Waterfront Properties, Horse/ Equestrian/ Equine Properties, Golf Course Properties in Chicago and Suburbs of Chicago and Northern Illinois.

*Information and links contained on this site are provided for informational purposes only and should not be treated as legal advice. Promotional offers advertised here (if any) are good for services through MICHAEL SORENSEN ONLY and not valid through any other RE/MAX Agent or Broker. Each RE/MAX office is independently owned and operated.