Code of Laws Title 12 Chapter 24 Deed Recording Fee Form
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People also ask
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How much is a deed transfer in SC?
This fee is composed of two fees - a state fee of $1.30 for every $500, or fractional part of $500, of the real property's value and a county fee of fifty-five cents for every $500, or fractional part of $500, of the property's value.
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Who pays the transfer tax in South Carolina?
It is customary for the seller of the property to pay all real estate transfer taxes in South Carolina. The transfer taxes are usually due at the time of closing, alongside other fees such as appraisal fees or agent fees.
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Who pays closing costs in SC?
In South Carolina, both the buyer and the seller have their own set of closing costs to pay. The division of these costs can be negotiated between the parties, but traditionally, each have their set of costs to pay.
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How much are deed stamps in South Carolina?
How much does it cost to record a deed? A. The cost is $15. There is a stamp tax fee of $3.70 per thousand if there is a consideration.
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Who pays the deed recording fee in South Carolina?
The South Carolina deed recording fee is imposed for "the privilege of recording a deed," and is based on the transfer of real property from one person or business entity to another. The fee is generally imposed on the grantor of the real property, although the grantee may be secondarily liable for the fee.
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How much is the transfer fee for real estate in South Carolina?
South Carolina Real Estate Transfer Taxes: An In-Depth Guide (2024 Update) South Carolina's current transfer tax rate is $1.85 per $500. So, for a house worth $296,987 — the median home price in the state — the transfer tax due will be $1,099.
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Who pays the transfer tax in SC?
However, in South Carolina, it's standard for the seller to pay the transfer tax. Transfer taxes are paid at closing, along with other fees, like appraisal fees. You should pay them to the closing attorney. Buyers in a hot real estate market might negotiate with the seller to split the cost of the transfer tax.
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Do buyers pay realtor fees in SC?
The seller typically pays the real estate commission in South Carolina. Usually, the REALTOR® fees are deducted from the proceeds the seller makes when the transaction is finalized at closing.
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