Closing costs are one of the most common areas of confusion for Libertyville 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 sellers understand their costs early so there are no surprises at closing. 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 Libertyville 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 simply listing a home.
Transfer taxes and recording fees
Illinois sellers typically pay state, county, and local transfer taxes. In Libertyville, 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 usually have legal representation. Title related fees may also apply depending on how the transaction is structured.
Other Costs Sellers Should Plan For
Property tax prorations
Property taxes in Illinois are paid in arrears. Sellers credit buyers for their portion of the tax year through the closing date. This credit can impact net proceeds and should be planned for early.
Inspection related credits
Credits negotiated after inspection can also affect your bottom line. Preparation before listing can reduce these requests, which is why I often recommend this resource:
https://helenoliveri.com/preparing-your-home-for-a-hot-market/
How Pricing Influences Net Proceeds
Pricing strategy impacts more than buyer interest. It affects negotiations, inspection outcomes, and ultimately how much you take home. Sellers often 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 result in 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 Libertyville 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