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Buyer's Request for Accounting from Seller under Contract for Deed - South Carolina

Buyer's Request for Accounting from Seller under Contract for Deed - South Carolina 2025

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The document is a formal request from a purchaser to the seller for an accounting of payments made under a Contract for Deed. It seeks detailed information on payments, interest, fees, taxes, and the remaining balance due, specifically for tax purposes.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who pays legal fees in real estate transaction?

In states where the agents are transaction brokers, they owe all the duties except confidentiality and work for either the buyer, the seller, or both in the same transaction. Real estate brokers are responsible for their agents and behavior during the transaction.

Who is responsible for paying the transaction costs in a South Carolina real estate transaction?

Seller will also provide or pay for all of Sellers transaction costs. If no Closing, Buyer is responsible for Buyers transaction costs and Seller responsible for Sellers transaction costs. Unless otherwise agreed upon in writing, Buyer will pay Buyers transaction costs and Seller pay Sellers transaction costs.

What is the code 40 57 135 in SC?

SECTION 40-57-135. Duties of broker-in-charge and property manager-in-charge; supervised licensees; office locations; policies and recordkeeping; management agreements; unlicensed employees. (8) notify the commission by mail within ten days of any change of office name, address, email address, or telephone number.

Who pays the closing cost in South Carolina?

In most cases, the buyer is typically responsible for their own legal fees during the home-buying process.

Should a contract between a seller and a buyer need not be in writing to be enforceable?

The general rule is that any contract, whether oral or in writing, is enforceable, so long as it contains a quid pro quo and is legal.

Who pays seller transaction expenses?

Sellers will also have to pay their share of escrow fees and any back homeowner association dues until the date that the escrow closes. The seller will also pay for any repairs that the buyer successfully negotiates during the escrow process.

Does SC have a buyers remorse law?

Like many states, South Carolina has laws that give the buyer the right to cancel certain purchase contracts for a specific amount of time after the sale. Officially called right of rescission, they are more commonly called buyers remorse laws.

Buyer's Request for Accounting from Seller under Contract for Deed - South Carolina 2025

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