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Who pays for title insurance in SC?

Title insurance fees are charged by the title company to cover the title search, title examination, title insurance, document preparation, and other miscellaneous fees. All buyers pay title insurance fees. These fees will likely cost you around $400.

How do you get out of a real estate contract in South Carolina?

Answer: Let your agent know of your decision. The contract requires a Notice of Termination be delivered to the Seller before the due diligence period expires. Depending upon the terms of your specific contract, you may also be required to pay a Termination Fee to the seller.

How can a buyer back out of a contract?

If you do need to back out of an accepted offer, be upfront with the seller as soon as youve made your decision. Work closely with your real estate agent, who can help you communicate to the seller (in writing) why you want to back out.

Is SC a title state or attorney state?

Several east coast states are attorney states: Georgia, South Carolina and North Carolina. Some states, such as Florida, are Title Company States that do not require an attorney to close loans or purchases as long as the closing includes title insurance.

Can I sell my house without a realtor in South Carolina?

Selling without a real estate agent means avoiding a listing commission (2.9% on average in South Carolina). But in exchange for those savings, youll have to do everything from advertising your home to negotiating the final deal. In most cases, youll still need to offer a buyers agent commission.

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