Below is a worksheet to determine estimated proceeds from your home sale, based on Evanston Transfer Tax Rates (costs vary depending on community).
Estimate the proceeds you can expect by entering numbers into the fields. Follow the explanations on the right to calculate the number to enter. Please consult with your lender and attorney for more information and more detailed costs.
|Estimated Sale Price||$|
|Fees, Taxes and Other Subtractions|
|Title Insurance Policy, Fees, Recording Charges||$||$1195 for the first $100,000 of Sale Price + $20 per each additional $10,000 of Sale Price|
|Attorney Fees||$||Attorney fees are between $400–$1000|
|Real Estate Broker Fees||$||6% of Sale Price + $450 Marketing Fee|
|Community Transfer Tax||$||In Evanston: (Sale Price x 5) ÷ 1000|
|State & County Transfer Tax||$||(Sale Price x 1.50) ÷ 1000|
|Property Tax Prorated||$||Enter estimated taxes owed. Because property taxes are paid in arrears, all back taxes up until the date of the closing must be paid. Typically adjusted to 105% of unpaid tax amount.|
|Property Survey||$||$350 – $500 per sale|
|Home Warranty||$||If offered, varies from $300 – $500|
|1st Mortgage Balance||$|
| 2nd Mortgage Balance
& Other Liens
|$||Expenses incurred, but not paid, up to date of closing (assessments, etc.)|
|Total Estimated Expenses||$||0|
This document is just a draft of estimates for the seller. Check with your lender to see how much money is in your tax and insurance escrow account, and what balance is due on the principal. The total estimated expenses are on average 8-9% of the sales price.