
	Don't forget to factor in closing costs when considering a home sale or purchase. Greg Jarvis, Baird & Warner is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (312) 375-3552 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain expected costs associated with closing the sale of a house. These fees are usually split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Illinois to help guide you through the transaction.

Costs pertaining to your mortgage to be paid at closing (Details)

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

At closing, the following taxes are usually paid (Details)

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (Details)

Homeowners Insurance
Flood or Quake Insurance (optional)
Private Mortgage Insurance (PMI) (optional)
Title Insurance

Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying a property in Cook County, you will get 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 startled when you arrive at the closing appointment. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that seem unusual.