How Are You Going to Hold Title to Your New Home?
Closing attorneys will ask the buyers this question during the document preparation period before the closing.
In South Carolina, the buyers can hold title to their property as “tenants in common” (TIC) or as “joint tenants with right of survivorship” (JTROS).
If two buyers take title as TIC, each buyer will own a one-half interest in the property, and upon the passing of either buyer, his/her 50% interest would go through probate and be disposed of according to their Will. If the buyer dies without a Will, it would go to his/her legal heirs.
If the buyers take title as JTROS, each buyer would own a one-half interest in the property. S...
“The Charleston, S.C., real estate market is hot (and we’re not talking about the summertime temps!) — no doubt in part due to its ranking as the sixth-highest for job growth in the U.S.,” list compiler and Trulia chief economist Ralph McLaughlin said in his review.
Of course, with all these great events and great restaurants you might expect that Charleston real estate is booming. And it is!!
Here is the weekly analysis of residential properties that went under contract in the Charleston, SC MLS area over the past week (12/15/15).
The average time on the market (before going under contract) for homes in Belle Hall is 48 days.
We always tell our sellers to think back to how they groomed themselves for their first date. Selling a home is just like that: You need to put your best foot forward to create a fabulous first impression with the Buyers (inside and outside).
Our real estate market continues to set records each week for buying activity for this time of the year. We always have a seasonal slow down starting some time in October and usually lasting through February. While we have slowed down from the incredible pace that we experienced this Summer, we are still far ahead of past years for this time of year. 
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The graph shows the Median Discount for Mount Pleasant compared to the whole Charleston MLS. As it can be clearly seen, the lines crossed back in October 2011, when Mount Pleasant's market started "heating up", and the rest of the area lagged - that is, until August of 2015, where the lines crossed again. This time the Charleston area as a whole became "hotte...
Many sellers took their homes off the market for the holidays. Their rationale is that buyer activity is generally slower, and they don’t want to show their home when their family is hosting a holiday event.