Wilkinson & Associates is there for sellers needing to do a short sale Wilmington, North 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 value of the home. This situation is typically the result of prices in a market rapidly declining.

Short sales can be a way for homeowners to preclude foreclosure and pay off their loan with the lender by settling.

What's involved in a short sale?

First, figure out the true market value of your home. If your finances are already pushed to the limit, paying a licensed appraiser may not be an option. Therefore, a knowledgeable local real estate agent that knows the current conditions of the Wilmington real estate market is the best way to get an accurate opinion of what your home could sell for.


	If you have any concerns about real estate or what happens during a short sale in Wilmington, North Carolina simply contact me here or e-mail me.

Next, don't forget about your closing costs. The experienced real estate agents at Wilkinson & Associates will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

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

4833 Carolina Beach Rd Ste 106 Wilmington, NC 28412-2370
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