Closing costs are one of the most common areas of confusion for sellers, especially if it has been several years since their last sale. After 23 years as a real estate professional and as Broker Owner at Helen Oliveri Real Estate, I make sure Buffalo Grove sellers understand their closing costs early so there are no surprises at the finish line. In Lake County IL real estate, planning ahead makes a meaningful difference.
With over 3000+ homes sold and 311 Google 5-star reviews, I have reviewed thousands of settlement statements. While exact costs vary, most Buffalo Grove seller closing costs follow a predictable structure.
The Most Common Seller Closing Costs
Real estate commissions
Commission is typically the largest seller expense. It covers pricing strategy, professional marketing, negotiation, transaction coordination, and exposure to qualified buyers. At Helen Oliveri Real Estate, commission is tied directly to strategy and service, not just listing a home.
Transfer taxes and recording fees
Illinois sellers usually pay state, county, and local transfer taxes. In Buffalo Grove, these fees are calculated based on the sale price and are standard across most transactions.
Attorney and title related fees
Illinois is an attorney review state, so sellers typically have legal representation. Title related fees may also apply depending on how the transaction is structured.
Other Costs Sellers Should Expect
Property tax prorations
Property taxes are paid in arrears in Illinois. Sellers credit buyers for their portion of the tax year through the closing date. This amount can impact net proceeds and should be planned for in advance.
Inspection related credits
Credits negotiated after inspection can also affect your bottom line. Preparation before listing can help reduce these requests, which is why I often recommend this resource:
https://helenoliveri.com/preparing-your-home-for-a-hot-market/
How Pricing Impacts Net Proceeds
Pricing strategy influences more than buyer interest. It affects negotiations, inspection outcomes, and ultimately how much you walk away with. Sellers frequently review this guide to understand how pricing decisions connect to net results:
https://helenoliveri.com/your-guide-to-pricing/
As a 23 year veteran real estate agent, I remind sellers that the highest sale price does not always mean the highest net.
Planning Ahead Creates Confidence
Understanding closing costs helps sellers plan their next move with clarity. If you are also buying in Lake County IL, knowing your estimated net proceeds supports better decision making.
Helen Oliveri real estate focuses on transparency, preparation, and helping Buffalo Grove sellers move forward without last minute surprises.
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 Market Strategy Session