One of the most practical questions sellers ask is when they will actually receive their proceeds after closing. After 23 years as a real estate professional and as Broker Owner at Helen Oliveri Real Estate, I make sure Mundelein sellers understand the timeline well before closing day. In Lake County IL real estate 2025, payment timelines are generally straightforward, but details matter.
With over 3000+ homes sold and 311 Google 5-star reviews, I have guided sellers through thousands of closings. Knowing what to expect helps reduce stress and allows you to plan your next steps with confidence.
What Happens on Closing Day
In most Mundelein transactions, closing takes place at a title company. All documents are signed, funds are transferred, and ownership officially changes hands. For sellers, proceeds are typically disbursed once the transaction is fully funded and recorded.
I often tell sellers, “Closing is the finish line, but funding is the moment you get paid.” That distinction is important.
Typical Payment Timing for Sellers
In many cases, sellers receive their proceeds the same day or the next business day after closing. Wire transfers are the most common method and provide the fastest access to funds. Paper checks may take longer depending on mailing and processing times.
In Lake County IL homes for sale, delays are uncommon but can occur if documents are incomplete or if funding arrives late in the day. As a 23 year veteran real estate agent, I coordinate closely with attorneys and title companies to help prevent these issues.
Factors That Can Affect When You Get Paid
Type of payment method
Wire transfers are faster than checks and are typically recommended.
Recording timelines
In Illinois, deeds must be recorded before funds are released. While this usually happens quickly, recording schedules can impact timing.
Contingencies or last minute changes
Unresolved items can delay funding. Preparation and communication reduce these risks, which is why I encourage sellers to review guidance like this early in the process:
https://helenoliveri.com/preparing-your-home-for-a-hot-market/
How Pricing and Preparation Support a Smooth Closing
Accurate pricing and clean negotiations help keep transactions on track. Sellers often review this pricing resource when planning their timeline:
https://helenoliveri.com/your-guide-to-pricing/
If you are also buying in Lake County IL 2025, knowing when you will receive proceeds is critical for coordinating your next purchase.
Helen Oliveri real estate focuses on preparation, communication, and smooth transitions so sellers in Mundelein are never left guessing.
Helen Oliveri
Broker Owner | Helen Oliveri Real Estate
23 year veteran real estate agent
Over 3000+ homes sold | 311 Google 5-star reviews
Contact Helen Oliveri at Helen Oliveri Real Estate | (847) 401-0136 | www.helenoliverirealestate.com/ for a FREE 2025 Market Strategy Session