Taxes

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...

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...