Craig Connelly is there for consumers needing to execute a short sale Lexington, South Carolina

Do you need to short sell your home?

Not sure what a short sale is? A short sale occurs when the amount of the outstanding loans are greater than the amount for which the home could sell. This may be caused by many factors, but commonly is a result of a rapidly declining real estate market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can get the lender to forgive the remainder of the loan.

What's involved in a short sale?

First, determine the true market value of your house. An experienced REALTOR^®, like those at Craig Connelly, will be able to give you a good idea of what your home would possibly sell for based on prior sales of similar houses in the neighborhood. Watch out for websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	Lexington homeowners who are upside down on their home loan and need results fast can rely on the expertise of Craig Connelly to guide them through the short sale process. Contact us today for a free consultation.

Next, don't forget about your closing costs. The knowledgeable REALTORS^® at Craig Connelly will account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, call your lender and let them know of the situation. They may even have a specific department that oversees short sales. Ask about their specific process. Some lenders will be more able to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to give consent for the final sale.