The lender is responsible for disclosing the costs initially and if there are changes, they are required to re-disclose before funding. Final costs are disclosed by the attorney on the HUD which the lender approves.

In Illinois, the attorney will provide that information a day or 2 before closing. As a listing agent I work up a "Seller's Net Sheet" which provides my client with an "estimate" of closing costs at my listing appointment. Some seller charges are: taxes (we pay in arrears), title, attorney, survey (if single family or a PUD), marketing fee to Realtor, if you are in a home/condo with an association you will have to pay for a "paid assessment letter, local & state transfer stamps, etc.. The attorney will also order a payoff from your lender if you have a mortgage on the property.

I hope this helps!

In Illinois, realtors can provide an early "estimate of closing costs" to their sellers, usually when they first list the property....and updated when a contract is agreed upon and everyone knows how much the house actually sold for. However, at this early juncture (and yes, contract time is still an early juncture) there are many unknowns to the agent. Their numbers are based on services that might or might not be required, and, if required, fall in a range of costs.

When the attorney provides figures, which is very close to the time and date of the actual closing of the transaction, he knows the bulk of the ACTUAL charges...which services had been provided, by whom, and at what cost. Not only that, one of the largest of those costs (aside from brokerage) is generally the title charge. Since it's the attorney who actually orders title in the majority of cases in Illinois, he knows precisely what the charge will be.

When there is a difference between the realtor's "estimate" and the seller's attorney's "estimate", you definitely want to trust the attorney's.

Hope this helps!

When you purchase a property you recieve disclosures including a good faith estimate, truth in lending, etc.
These are sent by the bank doing your loan. Since they are an estimate the bank does not recieve what is called the final HUD until a day before you sign loan documents. Escrow has included what is called a pad fee to cover small incidental charges usually around 300.00 At this point your banker should be in touch with you and advising your realtor about the final tally so when you sign within the next few days you are not surprised. The banks are the funding source and ulimately in charge of disclosing all costs. If there is no bank it can vary state to state.
Don

In Cincinnati Ohio it depends on the type of transaction. If a mortgage company is involved, the title company working for them gets the settlement sheet to the agents to review with the client. If it is a cash offer the real estate attorney gets the settlement to the agents for review.

If you have a Realtor or an attorney you ought to ask them.

Same here Elizabeth - NJ is an "attorney" state - attorneys handle our closings (in northern NJ anyway,).....they prepare , and go over the RESPA statement which spells out all the closing costs and financial disbursements.

Check with someone from IL Home Seller to see how it is handled where you are.

Good luck!

Where I do business, it's the attorney who figures out the specific closing costs.