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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.
Property taxes are collected on a semi-annual basis. South Carolina charges a deed recordation tax on real estate of $2.60 per thousand for the State Deed Stamps plus $1.10 per thousand for the County Deed Stamps, for a total of $3.70 per thousand of the sales price. Deed stamps in most cases are paid by your seller.
Usually the SELLER pays 100% of this cost, but it is possible that it may have been negotiated that you only pay 50% or the BUYER pays all. ATTORNEY FEES for the SELLER will usually range between $250 and $1000, but it could be more. It is prudent to ask in advance what the fee will be.
If the consideration is $100,000, the transfer tax is $370, and paid directly to the County Register of Deeds by the closing attorney. Transfer taxes are paid at the recording of the deed only, but property taxes are paid every year by the owner of the property.
An original, wet signed document. Signature of the Party of the First Part. Two witnesses to the signature. A South Carolina Probate or Acknowledgement. A property description to include a recorded plat reference or metes and bounds description.
What Should I Know About Quitclaim Deeds in South Carolina? You are buying the least amount of protection of any deed. A quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only remises, releases and quitclaims his or her interest in the property to the grantee.
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.