Ultimate Guide to Closing Costs in Hilton Head Island, SC

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You've finally located your perfect home on beautiful Hilton Head Island, South Carolina. You've negotiated the price, approved your financing, and are ready to start making relocation plans. But we're still in the midst of the negotiation process. There are still additional expenses beyond the sale price in the closing documents. These additional expenses are known as "closing costs."

Keep reading to know closing costs and how to keep them to a minimum.

What Are Closing Costs?

The term "closing costs" refers to the total of the up-front payments purchasers must make to various third parties, such as real estate brokers, creditors, appraisers, insurance firms, and tax authorities. Lenders typically cover these expenses in their closing costs and loan estimates.

Both parties pay the closing costs to complete the transaction process and transfer property ownership from a seller to a buyer in South Carolina. One example of a closing cost is the recording fee required by most jurisdictions to document a real estate transaction officially.

But, when purchasing or selling a house on Hilton Head Island, South Carolina, you must know closing fees before participating in a real estate transaction. It will help sellers to set the most profitable selling price for their property. Homebuyers might have a better idea of their budget by knowing closing costs.

Who Shoulders the Closing Costs in Hilton Head Island, SC?

Both buyers and sellers in Hilton Head Island, South Carolina, pay a standard set of closing costs. The typical closing fees in South Carolina are 2% for buyers and 6% to 10% for sellers.

Closing costs typically cover the expenses incurred by the buyer in securing a mortgage and performing their research on the property. 

There is now an average property price of $299,965 in the state. Hence, the closing costs for purchase might be anything from $5,999 to $17,997.

Hilton Head Island homebuyers may incur the following closing fees:

* Homeowner's Insurance
* Private Mortgage Insurance
* Survey Fee
* Application Fee
* Appraisal Fee
* Loan Origination Fee
* Attorney Fee
* HOA Transfer Fee South Carolina

Ways to Reduce or Eliminate Closing Costs

Hilton Head Island, South Carolina, has some of the most expensive closing fees in the country. South Carolina's median home price is $353,200. Seller closing expenses in South Carolina typically fall within the range of $28,256 to $35,320, while buyer closing costs can fall anywhere from $17,660 to $21,192.

To reduce your South Carolina closing costs, below are some ways you may do:

* Compare Loan Estimate Forms
* Ask Sellers to Cover Closing CostsClose at the End of the Month
* Choose a No-Closing Cost Option
* Negotiate Lender Fee
* Reduce the Number of Requests
* Compare Lender Mortgage Rates
* Choose a Real Estate Agent with Rebate Programs

Closing Cost Calculator Hilton Head Island, SC

When buying or selling a home in any of Hilton Head Island's charming communities, the buyer and seller must know how much money will be spent at closing. Sellers can get a sense of how much equity they will have in their property after the sale by comparing the estimated closing costs to the agreed-upon valuation of the home, and buyers can get a sense of how much they will have to pay.

Many online resources exist to help you estimate the closing costs in South Carolina. Remember that these calculators are just estimates and that the real fees and prices may vary depending on several factors.


At Hilton Head Island, South Carolina, the buyer typically pays between 2-5% of the closing costs, and the seller pays between 6-10%.

If you have further concerns about the closing costs in South Carolina, please get in touch with me so I can answer all your queries.

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If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 843-304-0152. We would be glad to work with you to get the best deal possible for your transaction.




Margaret Cooke


26 Palmetto Bay Rd, #4

Hilton Head Island, SC 29928



Comments (3)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Mar 13, 2023 07:20 AM
Steve Penner
Royal LePage / Pro Ledger Online Software - Winnipeg, MB
REALTOR / Pro Ledger Online (owner)

wow... your closing costs for sellers is huge. Closing costs for sellers here costs about 1,200 to 1,400 dollars. 


Mar 13, 2023 07:50 AM
Charles Ross - (785)-819-6944
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent Information. Thank you for sharing. Have a wonderful day and a blessed week.

Apr 17, 2023 04:09 AM