
Question 1. Do I have to have an
attorney to buy/sell my house? How much will it cost me?
South Carolina law considers a real estate
closing to be the practice of law and, therefore, an
attorney is required to buy/sell a house. The fee for an
attorney depends on the circumstances of the transaction.
Question 2. Who pays closing
costs?
Certain closing costs are the responsibility of
the buyer to pay and there are other closing costs that
are the responsibility of the seller to pay. The
responsibility for certain closing costs varies depending
on the contract between the buyer and seller. You may want
an attorney to review the contract carefully before it is
signed if you are unsure about what your rights and
obligations will be.
Question 3. The inspection was
unsatisfactory. Can I get out of the contract?
While some contracts provide for a credit to be
given to the buyer from the seller to cover the cost of
repairs, other contracts provide that repairs must be
completed before closing, or, mostly those that sell
houses "as is", provide for the contract to be cancelled
if the inspection results are in any way unsatisfactory to
the buyer. It is important for an attorney to review the
contract carefully before it is signed to see whether the
unsatisfactory inspection will enable either party to get
out of the contract.
Question 4. I want to add a
family member to the title/deed. Can I do this? If so,
how?
Drafting a deed must be done carefully. It is
important that the correct party signs the deed and the
legal description is accurate. Sometimes, it is also
necessary that an affidavit or other additional document
accompany a deed when it is recorded. For a small fee, an
attorney can prepare the deed. It is also important to
check with the lien holder before changing title because
this could be a violation of any mortgage on the property.
Also see
Foreclosures and
Landlord/Tenant



Home
:
About Us
:
Attorneys
:
Resources
:
FAQ's
:
Contact Us
|