{"id":47358,"date":"2024-08-22T10:42:33","date_gmt":"2024-08-22T17:42:33","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47358"},"modified":"2025-05-29T09:50:26","modified_gmt":"2025-05-29T16:50:26","slug":"closing-costs-in-south-carolina","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/closing-costs-in-south-carolina\/","title":{"rendered":"Closing Costs in South Carolina: A Guide for Sellers"},"content":{"rendered":"<p>If you\u2019re selling your home in South Carolina, you\u2019ll need to account for closing costs. These costs consist of fees needed to finalize the sale, often shared between the buyer and seller. They include loan payoffs, property taxes, and real estate agent commissions, among others. Knowing what to expect can help you plan ahead.<\/p>\n<p>In this concise guide, we\u2019ll outline how closing costs function specifically in South Carolina, breaking down what you can expect, some of the most common costs you\u2019ll encounter, and costs specific to the state.<\/p>\n\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Sell Fast in South Carolina With a Cash Offer or Top Agent<\/h3>\n                        <p>Get an all-cash, no-obligation offer on your South Carolina home through HomeLight&#8217;s Simple Sale platform. Close in as few as 7 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top South Carolina agent.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/simple-sale\/quiz?interested_in_agent=true#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Step 1: Request Offer<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n\n<p><em>Disclaimer: This article provides estimates of a seller\u2019s closing costs that are meant for educational and research purposes only; our calculations are not a guarantee.\u00a0<\/em><\/p>\n<h2>What are closing costs?<\/h2>\n<p>Closing costs are the various fees you\u2019ll encounter when wrapping up the<a href=\"https:\/\/www.homelight.com\/blog\/who-pays-closing-costs-when-selling-a-house\"> sale or purchase of a property<\/a>. These can include a range of expenses, such as property taxes or insurance, with many being standard for sellers and homeowners. However, certain fees, like transfer taxes, can vary depending on where your home is located when the sale is finalized.<\/p>\n<div id=\"section--1\" data-toc-header=\"Loan payoff amount\" data-toc-type=\"head\"><\/div>\n<h2>Mortgage\/Loan payoff amount<\/h2>\n<p>When figuring out <a href=\"https:\/\/www.homelight.com\/blog\/what-to-do-to-sell-your-house\/\">how to sell your house<\/a>, the \u201cloan payoff amount\u201d is the remaining balance on your mortgage that must be settled before you can complete the sale. This amount includes the unpaid principal balance, as well as any interest that has accumulated over time.<\/p>\n<p>Additionally, it may also cover extra fees, such as late payment charges, that need to be addressed to fully close out the loan.<\/p>\n<p>Knowing your loan payoff amount is essential because paying off the mortgage is a key step in the process of selling your home. Before the sale can be finalized, the mortgage lender will require this amount to be cleared, ensuring the title can be transferred without any lingering debt attached to the property.<\/p>\n<div id=\"section--2\" data-toc-header=\"Property taxes\" data-toc-type=\"head\"><\/div>\n<h2>Property taxes<\/h2>\n<p>According to WalletHub, <a href=\"https:\/\/wallethub.com\/edu\/states-with-the-highest-and-lowest-property-taxes\/11585\">South Carolina ranks 49th<\/a> in the country in terms of property taxes, placing it below states like Maine and Missouri<\/p>\n<p>Real estate in South Carolina is taxed at a rate of <a href=\"https:\/\/smartasset.com\/taxes\/south-carolina-property-tax-calculator\">0.52%<\/a>, with a median home value of $390,000. To get a better idea of what you might owe, consult a <a href=\"https:\/\/www.michigan.gov\/taxes\/property\/estimator\">property tax calculator<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn everything you need to know about closing costs in South Carolina, including a detailed breakdown of fees for sellers.<\/p>\n","protected":false},"author":358,"featured_media":47360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[322,341],"tags":[1165,1167,1197],"class_list":["post-47358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","category-closing","tag-closing-costs","tag-real-estate-closing-costs","tag-south-carolina-closing-costs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - 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