South Carolina Residential Purchase and Sale Agreement

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A South Carolina residential purchase and sale agreement is a form used by prospective property owners when seeking to purchase real estate. Essentially, a residential purchase and sale agreement is a contract containing various conditions established by the property owner (seller) and the individual offering to purchase their home (buyer). These conditions will include the closing date, purchase price, financing terms, and expiration date by which both parties must agree to the conditions. Ownership of the property can only be transferred legally if both the seller and buyer agree to the prescribed terms and sign the contract.

Table of Contents

Realtor Version

South Carolina Association of Realtors Adobe PDF

Required Disclosures

Lead-Based Paint Disclosure – If selling a property built before 1978, the seller must furnish the buyer with this disclosure which contains information on the dwelling’s history of lead-based paint.

Residential Property Condition Disclosure Statement (§ 27-50-40) – All property sellers must provide this condition report to buyers prior to completing a residential real estate agreement. This document details the seller’s current knowledge of the material condition of the property.

Commercial Property

Commercial Purchase Agreement – Use this document as a legal contract between a buyer and seller for commercial property transactions.

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