Finances

Charleston Home Warranties: Are They Worth It in 2023?

Blue Charleston Home Cutout surrounded by tools, nails, screws, etc on yellow background

Home warranties have become increasingly popular across the country. Many people with these warranties enjoy peace of mind that they will not be financially responsible for major repairs. If something big breaks, the home warranty, in theory, will pay for it. Home warranties can cover particular issues that certain regions face, giving homeowners moving from out-of-state peace of mind that they won't encounter a situation they may never have even considered. For prospective Charleston buyers and sellers, are Charleston home warranties worth it in 2023? As we'll see, there's no clear-cut answer - it often depends on the house and your specific financial situation.

What Are Charleston Home Warranties?...

Closing Costs and Realtor Fees Here’s How Much You’ll Pay in Charleston, SC

Happy Couple Shaking Hands with Charleston Real Estate Agent After Closing on Their Charleston, SC home

Buying a home in Charleston is an exhilarating and rewarding experience. This part of South Carolina is gorgeous, with exciting food, top-notch properties, and numerous fun things to do. If you're looking at properties online, you should know that the price you see is not the final price you'll pay. In slower markets, you can negotiate a discount; in hot markets, you may need to pay above the asking price. However, regardless of the market, the buyer and the seller must pay some fees and closing costs.

The good news is that these fees are not significant. The bad news is that most of these fees are unavoidable (or unadvisable to try to...

South Carolina Property Tax: Understand Your Tax Bill Before You Buy

Charleston Area Property Tax Folder in Filing Cabinet

Many prospective buyers want to know their property tax liability when buying a home. After all, most mortgages estimate both property tax and home insurance and add that to the monthly payment (the money goes into an escrow account the bank uses to pay the property tax bill). If you buy a home with a significant property tax rate, your monthly payment will be higher. You may have heard that South Carolina property tax rates are among the absolute lowest in the United States. They are, indeed, low.

However, it's still important to understand what type of bill you...