When you sell your property at closing in South Carolina, the sellers are responsible for their own set of closing costs. Typically, the sellers’ largest portion of closing costs at closing are Realtor commissions, any buyer closing costs that the sellers are willing to pay for, and deed stamps. When I explain this to most sellers, the response I get is, “Great. What are deed stamps?”
A deed recording fee is just that. It is a “fee that is charged to enter into the public record the deed and documents relative to the transfer of title to a piece of property”. Deed stamps are paid by the seller at closing, in the amount of $3.70 per $1,000 of real estate sold. So if you sell at $300K house, you owe $1,110 in deed stamps.
The deed stamps are…
33323 Views, 4 Comments