Closing Cost Calculator for South Carolina: Seller Averages
This free calculator can help home sellers in South Carolina estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Palmetto State, enter the information for each of the input fields above. You can see typical or state averages for most South Carolina seller closing costs below.
Home Selling Price: $381,000
How does your home compare to the state’s median selling price of $381,000? To determine your listing price, you can:
- Get a preliminary estimate with HomeLight’s free Home Value Estimator
- Request a Comparative Market Analysis (CMA) from a top South Carolina agent
- Purchase a pre-listing home appraisal (typically $525 in South Carolina)
- Visit this HomeLight map link to compare recently sold homes in South Carolina
Mortgage Payoff Amount: $163,070
According to the credit experts at Experian, the average mortgage balance for South Carolina homeowners is $163,070. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.
Listing Agent Fee: $9,525–$11,430
A typical listing agent commission in South Carolina is 2.5% to 3% of the home’s selling price. On a $381,000 house, your agent’s fee might range from $9,525–$11,430.
Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your South Carolina market.
Buyer’s Agent Fee: $9,525–$11,430
In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $381,000 median-priced South Carolina home, you can expect to pay $9,525–$11,430.
Detailed Closing Costs: $5,525
Closing costs in South Carolina average about 1.45% of the home’s sale price. On a median-priced home of $381,000, you might pay $5,525. Below are some of the typical types of closing costs you can expect:
- Home Preparations: Consider enhancing your home’s curb appeal by cleaning it, landscaping it, or staging the property.
- Renovations/Repairs: Fixing or updating your property to keep up with buyer demand and inspection requests.
- Title Service Fees: Title company work is required to verify legal ownership and better manage the transfer of the property between parties.
- Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes.
- Transfer Taxes: South Carolina home sellers pay a transfer tax rate of $1.85 for every $500 of the property’s value. (See more below.)
- Recording Fees: Fees paid to the local government to officially record when property changes hands.
- Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
- Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is required to sell a house in South Carolina.)
- Moving Expenses: While not technically a closing cost, you should include this expense in your budget, which can range from $883 to $7,000.
South Carolina’s transfer tax is levied at a rate of $1.85 on property valued between $100 and $500 and an additional $1.85 for each $500 increment thereafter. This fee is a combination of both county and state fees, at a rate of $1.30 for the state portion and $0.55 for the county portion.
Make Buying and Selling Easier: Most South Carolina sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Helpful Seller Tools From HomeLight
Here are some additional tools you may find helpful as you plan your South Carolina home sale:
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commissions Calculator
- Net Proceeds Calculator
Want to avoid closing costs and sell fast? Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your South Carolina home to get started. Along with your offer, you’ll also see an estimate of what a top South Carolina agent might be able to get for your home. Get both options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: