Good list below and obviously there are some variables, i.e. attorney fee. The one constant, for now, is the transfer tax which for a seller is $4 per thousand.
Good luck selling your condo. Please don't hesitate to call me if you would like a free market analysis, no obligation.
Transfer Tax $3.50 per $1,000 of the sales price
Real Estate Fees
State of IL Fees
Cook County Fees
City of Chicago Fees ( if in Chicago)
Property Taxes from Jan. 1st to closing
right, but also market and advertise it well, and will be able to show you with a detailed market evaluation the current value of your condo, and will also be able to give you an estimate of the final
net to seller, after considering ESTIMATES OF the possible closing costs, and commission if working with a Realtor....
But otherwise even if selling by owner you may have to pay part of a commission to a buyers agent who brings you a buyer, just consider that possibility!!!!
and then here are the general costs
unpaid real estate taxes
Title Fee & Recording Fees & Attorney fees and depending on which town also
transfer fees to the town
State Of IL Fee & Cook County Fees
And that all does not include any potentially necessary repairs, or painting or to put the condo in
a market ready condition.
Good Luck to you
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
That variable will vary depending on the town you are in and the services you need. Your true costs include: Realtor commissions, attorney fees, title insurance and other smaller fees. You also may need to pay for transfer stamps if your town requires it.
Depending on when you sell your condo, you will also need to prepay the property taxes for the next buyer. Assuming a sale in the 2nd half of the year, it would be at least 12 months worth of taxes.
When you meet with an agent to get a Comparative Market Analysis, let them know you would like a Selling Cost statement as well. They can estimate your costs based on a possible sale price and show you how the math works for your specific property.
Broker Baird & Warner