Closing Price Calculator for Chicago: Vendor Averages
This free calculator might help residence sellers in Chicago estimate their closing prices and web proceeds. To get a ballpark thought of the price of promoting a home within the Windy Metropolis, enter the knowledge for every of the enter fields above. You’ll be able to see typical or state averages for many Chicago vendor closing prices under.
Dwelling Promoting Worth: $371,500
How does your own home examine to the town’s median promoting value of $371,500? To find out your itemizing value, you may:
1. Get a preliminary estimate with HomeLight’s free Dwelling Worth Estimator
2. Request a Comparative Market Evaluation (CMA) from a high Chicago agent
3. Buy a pre-listing residence appraisal (usually $345 in Chicago)
4. Go to this HomeLight map hyperlink to match just lately bought houses in Chicago
Mortgage Payoff Quantity: $197,904
In keeping with Experian, the common home-owner in Illinois has a mortgage steadiness of $197,904. To seek out the precise payoff quantity in your Chicago residence, verify your newest mortgage assertion or contact your mortgage supplier.
Itemizing Agent Payment: $9,287–$11,145
A typical itemizing agent fee in Chicago is 2.5% to three% of the house’s promoting value. On a $371,500 home, your agent’s charge would possibly vary from $9,287-$11,145.