My prior post about earnest money was in response to the many "hits" I've received on my website in response to search queries being made. Another popular search question lately has been about real estate transfer taxes.
UPDATE: This has been updated as of August 2016. These aren't updated every year, so please check the link posted in this paragraph. The state of Illinois has a transfer tax usually paid by sellers of $.50 per every $500.00 of the sales price. The Cook County transfer tax is $.25 per every $500.00 and is paid by the seller. Will County is the same as Cook County and although either party can pay it is usually charged to the seller. These are taken out of the seller's proceeds at closing.
Some cities also have their own
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