The steps
1) Get pre-approved with a lender so you know your budget and can make strong offers. 2) Tour homes with an agent who knows the neighborhoods. 3) Make an offer and go under contract. 4) Inspections, appraisal, and your loan underwriting. 5) Close — in SC, closings are handled by a real estate attorney. We guide first-timers through every step.
Loans and down-payment help
FHA loans (low down payment), VA loans (for eligible veterans, often zero down), USDA loans (zero down in eligible rural areas — which includes parts of inland Horry County), and conventional loans are all common here. South Carolina also offers down-payment assistance programs through SC Housing for qualifying buyers. A good local lender will match you to the right one.
What to actually budget for
Beyond the price: property taxes (low in SC, and lower at the 4% owner-occupied ratio), homeowners and possibly flood/wind insurance, HOA dues if applicable, closing costs, and a maintenance cushion. Coastal insurance is the line first-timers most often underestimate — get a quote early.
Common first-timer mistakes
Skipping pre-approval, falling for a house before checking the flood zone or HOA rules, underestimating insurance, and shopping without an agent (the seller pays through the listing side in most cases, so representation is typically at no direct cost to you). We help you sidestep all of these.
Quick answers
Frequently asked
- How much do I need for a down payment on the Grand Strand?
- It depends on the loan: FHA is as low as 3.5%, VA and USDA can be 0% for those who qualify, and conventional varies. SC Housing also offers down-payment assistance for eligible first-time buyers.
- Who handles closing in South Carolina?
- South Carolina is an attorney-closing state — a real estate attorney conducts the closing and handles title. Your agent and lender coordinate with them.
- Does it cost a buyer to use a real estate agent?
- In most transactions the buyer's representation is paid through the listing side, so working with a buyer's agent is typically at no direct cost to you. We'll explain exactly how it works in your situation up front.