Closing costs include fees paid to third parties that facilitate the sale of the property and can include inspections, attorneys’ fees, and brokerage fees. Closing costs are typically paid once the sale is closed but some are paid before (i.e. home inspection fees). Closing costs range from two to seven percent of the purchase price. The method used to calculate closing costs dramatically changes the closing costs imposed because buyers and sellers respectively do not share in the costs … [Read more...]
New Rule Puts an End to Pocket Listings in Chicago
With the implementation of the Private Listing Network, the National Association of Realtors hopes to effectively end the practice of… READ MORE
