Get SC Form 391 2011-2024

The buyer may have a right to terminate the Contract if he can not obtain a loan for the purchase of the property. Generally, after finding a home, a prospective buyer will meet with a lender to arrange for a loan on the property.

If a seller changes their mind, they may use an unfulfilled contingency or cancelation clause written into the contract to back out of a contract. However, if no such legal loopholes exist and the seller cancels, you might be able to collect monetary damages from them.

In South Carolina, a seller can get out of a real estate contract if the buyer's contingencies are not met—these include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale.

The buyer may have a right to terminate the Contract if he can not obtain a loan for the purchase of the property. Generally, after finding a home, a prospective buyer will meet with a lender to arrange for a loan on the property.

The notice needs to be mailed to the seller and postmarked within three business days of the sale. That means weekdays and Saturdays but, not Sundays and federal holidays.

What form must earnest money take in South Carolina? Earnest money in South Carolina can be paid using a personal check, cash, or through other means.

The statute requires that the disclosure statement include information on: (1) the water supply and sanitary sewage disposal system; (2) the roof, chimneys, floors, foundation, basement, and other structural components; (3) the plumbing, electrical, heating, cooling, and other mechanical systems; (4) past or present, ...

Who Attends Residential Real Estate Closings? Of course, the Buyer and Seller are present at closing unless documents have been signed remotely or in advance. The Buyer and Seller will review and sign documents separately.