Estimate Your Closing Costs
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Disclaimer: These are estimates only. Actual closing costs vary by lender, title company, state/county, and closing date. Your Loan Estimate (TRID) is the source of truth.
South Carolina Closing Costs Breakdown
Closing costs in South Carolina typically run between 2% and 3.5% of the purchase price. For a median-priced home near $307,000, buyers should plan for $6,140 to $10,745 at closing. South Carolina's deed recording fee is one of the lowest transfer-related taxes in the Southeast, and buyers benefit from a relatively efficient closing process.
Transfer Taxes & Fees
South Carolina charges a deed recording fee of $1.85 per $500 of the sale price (0.37%), paid by the seller. On a $307,000 home, this equals $1,136. South Carolina also has a county filing fee that is nominal. The buyer does not typically pay the deed recording fee, though all terms are negotiable in the purchase agreement.
Attorney Requirements
Yes, South Carolina is an attorney-closing state. A licensed South Carolina attorney must conduct the title examination, prepare the deed, and oversee the closing. Attorney fees in South Carolina typically range from $550 to $950, lower than many attorney-closing states. The requirement applies statewide.
Local Quirks & Need-to-Know
South Carolina levies a 6% property tax rate on second homes and investment properties, compared to 4% for primary residences. The difference is significant: on a $307,000 property, the annual tax difference between primary and secondary classification can be $1,000 to $2,500. Buyers must apply for the 4% primary residence assessment ratio after closing. Coastal properties in the Lowcountry and Myrtle Beach area may require flood insurance, adding to ongoing costs.