Get Sc Affidavit For Taxable Or Exempt Transfers

In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann. 12-24-70(A)(1)).

The deed-recording fee rate is $1.85 for each $500.00 of the real estate's value. A property's value is usually the consideration exchanged for the transfer—including cash, property, debt forgiveness, debt assumption, or surrendering of a right.

In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann. 12-24-70(A)(1)).

If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.

Although real estate transfer taxes are collected by your respective county, the rates remain constant throughout the state. The fees amount to $1.85 per $500, based on the amount that the property sold for. For example, if the property sold for $200,000, then $740 in real estate transfer taxes would be due.

In South Carolina, use a correction deed to amend a previously recorded deed that contains a minor error. A corrective deed is in effect an explanation and correction of an error in a prior instrument. As such, it passes no title, but only reiterates and confirms the prior conveyance.

A correction deed, also known as a confirmatory or corrective deed, is a legal document used to fix errors on a property title that is recorded. Property owners can use this special type of deed to amend common errors such as misspellings, incomplete names, and other missing information.

SECTION 12-24-70. Affidavits. (A)(1) The clerk of court or register of deeds shall require an affidavit showing the value of the realty to be filed with a deed. The affidavit required by this section must be signed by a responsible person connected with the transaction, and the affidavit must state that connection.