Don't forget to factor in closing costs when considering a home sale or purchase. American International Realty Corp. is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (773) 435-1605 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Expected closing costs

There are certain ordinary fees accompanying closing the sale of a house. These costs are often split between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Illinois to help guide you through the deal.

Loan-related closing costs    (Click here for more information)

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

At closing, the following taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your sale, I'll not only work to get the optimal sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you're purchasing a property in Cook County, you'll be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within an acceptable range so you're not shocked when you show up at closing time. I'll be willing to go through the GFE with you, answering your questions and highlighting any estimates of concern.

American International Realty Corp. 6138 N. Lincoln Ave Chicago, IL 60659
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