Jump to Navigation
We can handle your closing anywhere in the state.
Subscribe to This Blog's Feed

South Carolina dollar worth more than just a dollar

Here's some good news if you live in South Carolina. You may be surprised to know that your dollar is actually worth more for the things you want to buy in your state. An Aug. 27 report states that the relative power of the dollar in the state has prompted people to make more real estate purchases in the state.

According to the U.S. Department of Commerce, South Carolina has one of the fastest growing manufacturing sectors and economics within the United States. The state is industry friendly, a chief executive officer has said, and the workers are willing to do the jobs provided.

So, how much is your money worth in the state? The news reports that it's possible to buy $110.25 worth of goods for just $100 of your hard-earned money, and that also includes houses. A realtor out of Horry County has said that a large number of the new buyers in the area have come in because of the value of living in South Carolina.

For property taxes, for instance, annual fees are what a person might pay monthly in New York, one local resident stated. TaxFoundation.org agrees, stating that New York is one of the most expensive places in the United States to live.

The low cost of living in South Carolina may be why the area of Horry County has seen growth in the business arena. Since January 2012, 11 companies have decided to make the county their homes, and that's led to 1,300 new jobs in the county.

If you're ready to look into buying a house or completing another kind of real estate transaction, now's a good time thanks to the economy. Going through this process is an exciting time, but you should make sure you know your legal rights and obligations throughout.

Source: WMBF News, "Your dollar is worth more in South Carolina" Kristin Sanchez, Aug. 27, 2014

No Comments

Leave a comment
Comment Information
Tell Us About Your Transaction

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
Maps and Directions

Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
Map and Directions

West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
Map and Directions

Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
Map and Directions

Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
Map and Directions