Downsizing Your Myrtle Beach Home

This page is general information, not legal, tax, or insurance advice. Rules and timelines change and your numbers are your own, so please confirm the details with your attorney, your tax professional, and your lender. I am a real estate professional, and my part is the sale and the search.

Sell first and take your time on the next place, negotiate a later possession date so you stay a few weeks after closing, make your next purchase depend on this sale, or buy first if your numbers allow. If you are staying in South Carolina, apply for the 4 percent legal residence rate on the new home before the first penalty date for that tax year; inside the city that is the difference between about 145.5 mills on 4 percent and about 254.6 mills on 6 percent on Horry County's 2026 levies.

South Carolina's disclosure statement is due before you and the buyer sign the contract, and the closing runs under attorney supervision. Your house gets the full launch: professional photos, drone photography, a video walkthrough, a property website, and a targeted paid social campaign. The IRS lets you exclude up to $250,000 of gain on your main home, or $500,000 on a joint return, if you owned and lived in it for two of the five years before the sale, with a separate rule for sales within two years of a spouse's death. Then the search, covered in downsizing to a smaller home in Myrtle Beach. Call me.