Environmental
South Carolina DHEC issues permits for onsite wastewater (septic) systems. A property with a failing septic system is:
AAutomatically valued higher due to large lot size
BA material defect that must be disclosed✓ Correct
COnly a concern in rural counties
DThe responsibility of the buyer to investigate
Explanation
A failing septic system is a material defect that significantly affects property value and habitability. South Carolina sellers must disclose known defects in septic systems on the Condition Disclosure Statement.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
State-Specific Concepts
Disclosure Requirements
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