Closing Costs
Who Pays for What in a Real Estate Transaction, here in Lake County Illinois.
Every state and even every community has different customs related to who pays what in a real estate transaction. I've created this guide to give you the basics expectations based on recent examples in Lake County, Illinois. These are estimates only and ranges based on recent examples. Much depends on who the Title Company, Lender and Attorney are on the transaction as to the actual costs. Your attorney and Lender can help you get your actual closing costs based on the requirements of the title company and lender. *
*For transfer tax, we listed this for the purposes of easy math. Instead of being $1 per $1,000 and $0.50 per $1,000, the actual charge is $0.50 per $500 and $0.25 per $500, which comes to slightly more money, within 75 cents. Like we said, however, the way we listed makes it much easier to figure out the math.
Testimonials
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Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Village Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved.Based on information submitted to the MLS GRID as of September 26, 2023 5:28 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 26, 2023 5:28 PM UTC
