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Click ‘Get Form’ to open the scr504 in the editor.
Begin by filling in the Buyer’s Property section. Enter the address and description of the property, and select the appropriate type (e.g., Primary Residence, Rental).
In the Sale Contingency section, specify the deadline for closing on the Buyer’s Property. Ensure you indicate whether it is prior to or on the Closing Date.
Complete the Buyer’s Property Duties section by detailing your obligations, including timely communication with sellers and brokers regarding your property sale.
Finally, ensure all parties sign and date at the bottom of the form. This confirms agreement to all terms outlined in scr504.
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How Long Are You Liable After Selling a House in South Carolina? Sellers in South Carolina face liability for undisclosed defects up to three years. This period applies particularly to fraud or misrepresentation claims by buyers.
How does due diligence work in South Carolina?
In South Carolina, the due diligence fee is hypothetical and only gets paid if the buyer opts out of the contract within the due diligence period. In South Carolina, the due diligence fee has nothing to do with the buyer being able to secure financing and only applies to home and property inspections.
What is SCR 504?
SCR504 Sale of Buyers Property Contingency. Page one of SCR310 Section 2 has checkboxes if the deal is contingent upon buyer selling other real property and if SCR504 is attached. SCR504 can be used when the buyer needs/desires to sell their real property before closing on the subject property.
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Intellectual Dimension
PASTORAL SPANISH PROGRAM Demonstrate proficiency in all five linguistic skills of reading, writing, speaking, listening and culture Celebrate the Sacraments
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