Illinois title & closing
Beycome Title closes home sales in Illinois for a flat title fee of $995, or $599 for sellers who prepay at checkout on beycome.com.
What you pay at closing in Illinois
Our fee is the title fee above. The other title costs are set by the state, the county or the insurer, and every one of them is itemized on your closing statement before you sign.
Illinois charges a state transfer tax of $0.50 per $500 of value (35 ILCS 200/31-10), and counties may add $0.25 per $500 (55 ILCS 5/5-1031). Some cities, including Chicago, add their own transfer tax. By custom the seller pays the state and county tax.
By custom in Illinois, the seller pays for the owner's title policy and the buyer pays for the lender's policy. It is negotiable, and the purchase contract decides.
In Illinois, buyers and sellers usually each hire a real estate attorney to review the contract. Beycome Title works with both attorneys: we issue the title commitment and policy, hold escrow and run the closing.
Our 2-minute online quote covers Florida and Texas for now. For an estimate in Illinois, submit your contract or book a 15-minute call with the title team.
Licensed in Illinois
- Company
- Beycome Title LLC
- NPN
- 22311249
- Illinois license
- TA.18.4011632
- Underwriter
- Old Republic National Title Insurance Company
- License address
- 3100 Clarendon Blvd, Suite 630, Arlington, VA 22201
- [email protected]
- Phone
- 804-331-0805
- Hours
- Mon–Fri, 9am–5pm Central time
Selling or buying in Illinois?
Sellers can list on the MLS for a $99 flat fee with Beycome, then close with Beycome Title. Buyers can get up to 2% back with the Beycome buyer program. More guides on the Beycome blog.
Questions about title in Illinois
How much does Beycome Title charge to close in Illinois?
Our title fee in Illinois is $995. Sellers who prepay it at checkout on beycome.com, when they list, pay $599 with Prepaid Pricing. Title insurance premiums, recording fees and transfer taxes are separate and listed on your closing statement.
What is Prepaid Pricing?
Prepaid Pricing is a lower title fee for sellers who pay it upfront at checkout when they list on beycome.com, the same way it works in Florida. In Illinois it is $599 instead of $995, a $396 saving. Once the listing is active on the MLS the full price applies, and buyers pay the full price.
Who pays for the owner's title insurance policy in Illinois?
By custom in Illinois, the seller pays for the owner's title policy and the buyer pays for the lender's policy. It is negotiable, and the purchase contract decides.
Is Beycome Title licensed in Illinois?
Yes. Beycome Title LLC (NPN 22311249) holds Illinois title agency license TA.18.4011632. We open files in Illinois statewide.