The list price is the number everyone talks about, but the check you write at closing and the bills that follow in the first year decide whether a purchase feels comfortable. Below is the short budget we walk through with every buyer before the first showing.
Closing costs in South Carolina
Buyers here usually pay the lender fees, the attorney who handles the closing, title insurance, recording fees and prepaid items such as interest, taxes and the first year of insurance. On a financed purchase that often lands between 2 and 4 percent of the price.
| Item | Typical range |
|---|---|
| Lender fees and points | 0.5 to 1.5 percent |
| Closing attorney | $900 to $1,500 |
| Title insurance | $1,500 to $4,000 |
| Prepaid taxes and insurance | 2 to 6 months |
Questions About Your Own Move?
Ask an AgentInsurance near the water
Homeowners coverage, wind coverage and flood coverage can be three separate policies. A home in a higher flood zone with a low elevation can cost several thousand dollars more per year than a similar home a mile inland, so we ask for quotes before you write an offer.
The best time to price insurance is before you fall in love with the porch.
The first-year cushion
- Keep one month of total housing costs in savings after closing.
- Set aside 1 percent of the price each year for maintenance.
- Budget for HVAC service twice a year in this climate.
- Plan for window coverings and small fixes in the first 90 days.
