Finding the right home at the right price is just one part of a real estate transaction. Orland Park Realtors is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 708-873-1400 if your needs include a real estate pro ready for the business side of buying and selling.

Expected closing costs

There are certain standard costs linked to closing the sale of a house. These costs are commonly split between the buyer and seller, as dictated 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 process.

Closing costs that are tied to your mortgage    (More information)

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

At closing, these taxes are usually collected    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

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

Sellers: I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying real estate, you will be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is required to be within an acceptable range so you're not startled when you get to the closing. An experienced lender such as our affiliate company, Avalon Mortgage Services, Inc., an Illinois Residential Mortgage Licensee, NMLS#: 283614, IL license#: MB.0003198, phone: 708-403-5181 will explain the  "Good Faith Estimate" (GFE) of closing costs. No closing cost loans are also an option.

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9439 West 144th Place
Orland Park, IL 60462-2543