How to do a short sale:

First, figure out the true market value of your property. An experienced REALTOR^®, like those at Masonboro Realty, Inc., will be able to give you a reasonable idea of what your home would probably sell for based on a market analysis. Be careful of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

	When the time comes to sell your property, Masonboro Realty, Inc. will help. Take advantage of our experience and knowledge of the local real estate market in Wilmington to sell your home quickly. Contact us today.

Next, determine your closing costs. The knowledgeable real estate professionals at Masonboro Realty, Inc. will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, get in touch with your lender and notify them of your situation. They may even have a specific department that deals with short sales. Ask about their specific procedures. Some lenders will be more willing to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to approve the final sale.