Here are anticipated costs:
$3.50 per $1,000 of sale price for Cook Country Transfer Stamps
Approximately $500 for attorney fee
approximately $750 for title insurance
An agreed upon proration of real estate taxes
Ancillary costs of $100-$500.
Best of luck determining the direction you go with respect to listing your residence and selecting a real estate professional with an actual plan to aggressively market your residence and to sell it seamlessly and with authority.
Luxury Home Marketing Specialist
Accredited Buyers Representative
The Real Estate Lounge Chicago
Attorney Fee: $500
State/City Transfer Tax and Recording Charges: $1,043
Title Insurance and other: $1,235
Tax Credit to Buyer: $1,894 (this will vary depending on your taxes)
That should get you very close. Other things that could come into play are special assessment payoffs and repair credits.
Best of luck with your sale!
Eric Marcus, ESM Realty
Your Real Friend in Chicago Real Estate
As far as commission goes, talk with the agent you're most considering and get their rates and services.
Make sure internet marketing is a focus of their operations. It is very cost effective for the broker and very effective at giving your property the most exposure. You should be able to get a lower commission fee without print advertising and direct mail.
Best of Luck
Even if you try for sale by owner, many FSBO's offer cooperating compensation to buyer's agents to bring buyers to their property (typically 2.5-3%).
Another possible expense is any outstanding assessments or pending special assessments, may be due at closing.
Your agent can run the numbers for your specific property, so you can get an idea of what to expect to clear at closing.