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    (843) 267-2710

Kathy Rukat Smith, REALTORⓇ

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Buying a Home in Myrtle Beach – Understanding the Paperwork

Last Updated on March 27, 2021 by Kathy Rukat Smith

Buying a home in Myrtle Beach is a complex process. I am starting a video series to help buyers and sellers understand the paperwork used in Myrtle Beach, SC  when buying or selling a home. This series will go for several weeks. I will be covering the most common forms used.

First, I am going to discuss the Agreement to Buy and Sell. This form is commonly referred to as the “offer” or “contract”. Today, I explained the first two sections – Parties and Purchase Price. The Parties section is not the most exciting part of the form. However, these definitions set the stage for the rest of the contract.

Parties Section

The Buyer(s) and Seller(s) is listed in this section. Only the buyers on the loan are listed and only the sellers on the Deed are listed. You also must disclose in this section if the Buyer or Seller is a SC Real Estate Licensee. The following terms are defined in this section.

  • Party
  • Brokers
  • Closing Attorney
  • Effective Date
  • Business Day
  • Good Funds
  • Time

Purchase Price Section

The Purchase Price section covers what the buyer is offering for the property and how the buyer will pay for the property. This section also covers if the purchase is contingent on the buyer selling a home.

Tomorrow, I will discuss the Property section of the Agreement to Buy and Sell. Please comment below if you have any questions about the home buying process or the paperwork that is used in South Carolina.

“Helping You Find the Sandcastle of Your Dreams!”

 

Posted in: Buyers, Home Buying Process Tagged: buying, contract, myrtle beach, selling

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About

Kathy Rukat Smith with Palmetto Coastal Homes serves all the areas of the Grand Strand.

  • North Myrtle Beach
  • Myrtle Beach
  • Surfside Beach
  • Garden City Beach
  • Murrells Inlet
  • Litchfield Beach
  • Pawleys Island
  • Carolina Forest
  • Conway

 

Kathy Rukat Smith is a resident of Murrells Inlet and loves everything living at the beach has to offer. She has been selling real estate since 2004.

Kathy uses her local real estate knowledge, technical skills, local connections and strong internet presence to exceed your exceptions and help you succeed in the fast-paced Myrtle Beach real estate market.

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Kathy Rukat Smith with

Palmetto Coastal Homes

4214 Mayfair Street, Suite F, Myrtle Beach, SC 29577

(843) 267-2710
Kathy@TeamRukat.com
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