![]() ![]() The following are some basic closing costs explained for the seller. Any of the following costs can be negotiated on the Contract for Sale of Real Estate to be paid by either the buyer or seller, we’ve organized it more traditionally for who pays for what. If you are buying real estate or live in another state know that each state and county has their own laws and customs. We are only going to use the State of Illinois. Please understand this is being provided as a courtesy and in no way should you hold Joe Ollis Real Estate & Auction, LLC or its agent liable when your costs or fees are different then the contents of this explanation. Each and everyone has a different cost that has a variable and in that variable another variable. Closing costs for sellers and buyers have many variables: state, county, lender, title insurance company, contract sales price, broker, and more.
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