Lake front homes

Why Sellers Choose Becky Armstrong

When you’re ready to sell your home in the Santee and Lake Marion area, the agent you choose can make all the difference. From setting the right price to marketing your home effectively and negotiating strong offers, sellers need someone who truly knows the local market. That’s why so many homeowners turn to Becky Armstrong with Carolina Properties at Lake Marion. Becky is more than just a listing...

What is a title search in real estate?

A title search is the process of reviewing public records to confirm a property’s legal ownership and to uncover any issues — like liens, unpaid taxes, easements, or ownership disputes — that could affect the sale.In South Carolina, every real estate closing must be handled by an attorney. As part of that process, the attorney (or a title company working with them) conducts a title search to ensure...

What hidden fees come with buying a house?

When you buy a house, the purchase price is only part of the expense. Hidden fees are extra costs that often catch buyers off guard, like closing costs, inspections, taxes, and insurance premiums.On average, buyers in South Carolina spend 2–5% of the purchase price in closing fees alone, which can add up to thousands of dollars. For Lake Marion buyers, where waterfront and resort-style homes are common,...

What is the EMD money deposit?

An Earnest Money Deposit (EMD) is a good faith payment made by a homebuyer when they sign a purchase agreement. It shows the seller they’re serious about buying the property.In South Carolina — including hot markets like Lake Marion, Santee, and Eutawville — an EMD is typically 1–3% of the home’s purchase price, but the amount is negotiable. The money is held in a trust or escrow account until...

What is a fixture in terms of real estate?

In real estate, a fixture is any item that was once movable but is now permanently attached to the property. Think of things like built-in appliances, ceiling fans, or wall-mounted shelving. Fixtures are considered part of the real property and typically stay with the home when it’s sold — unless stated otherwise in the contract. /*! elementor - v3.23.0 - 15-07-2024...

What is a specific performance in real estate?

Specific performance is a legal remedy in real estate where a court orders one party to carry out their obligations under a contract — usually the sale or purchase of a property. In other words, if someone backs out of a signed real estate deal, the other party can sue to force them to complete it. /*! elementor - v3.23.0 - 15-07-2024...

What is the meaning of tenancy in real estate?

Tenancy in real estate refers to the legal arrangement under which two or more people hold ownership or rights to use a property. It defines who owns what, how ownership is shared, and what happens if one party dies or wants to sell. /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a...

What does due diligence mean in real estate?

Due diligence in real estate is the period of time after a contract is signed when the buyer investigates the property before fully committing to the purchase. During this time, the buyer can inspect the home, research the title, confirm financing, and ultimately decide whether to move forward or back out. /*! elementor - v3.23.0 - 15-07-2024...

What is a disclosure statement in real estate?

A disclosure statement in real estate is a legal document where the seller lists known issues or defects with the property. It helps protect buyers from surprise problems and protects sellers from legal claims after the sale.In South Carolina, sellers are required to complete a Residential Property Condition Disclosure Statement unless the property is exempt (like in estate or foreclosure sales). This form...

What is a contingency in real estate?

A contingency in real estate is a condition written into the purchase agreement that must be met before the sale can move forward. If the condition isn’t met, the buyer or seller may cancel the deal without penalty.Contingencies exist to protect both buyers and sellers. For example, a buyer might make an offer that’s contingent on securing financing or the home passing an inspection. Sellers,...

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