Charleston Real Estate Blogs

Real Estate Capital Gains Tax in South Carolina: What Is It and How to Avoid It

One hundred dollar bill coming out of real estate portfolio on a lap top screen

Real estate can sometimes be a complex subject. There are many advantages to buying, holding, renting, and even selling real estate. Unfortunately, the tax laws can sometimes seem opaque and, if you're not careful, you could trigger a massive tax bill without even realizing it. One area where investors and homeowners can sometimes find themselves afoul is the real estate capital gains tax. This tax can sometimes rear its ugly head, especially if you're looking to downsize from a high cost-of-living place to a lower cost-of-living one. Or, if you're looking...

Real Estate Contingencies: 5 You Must Consider in Your Next Offer

homeowner holding a key in front of their new Charleston home

Those new to the homebuying process, or those who haven't bought a home in a while, know just how dizzying the terminology surrounding homes, offers, and purchase contracts can be. You'll hear your real estate agent talk about many different things, and you might be surprised when the offer you submit is many pages long and not just something simple like "I'll buy this house for $200,000." Part of the reason offers are so long is that they represent a formal well-tested legal contract that gives you, the buyer, a fair shot at acquiring your dream Charleston home. Part of the legal protections the agreement provides...