To effectively complete a short sale, both the homeowner and the potential buyer will become involved in a fairly overwhelming process. Unlike other real estate sales, short sales are sold with the sole purpose of paying back the lender, which makes the sale quite complicated for both parties. At the beginning of the process, it is sometimes advisable for each party to consult with a short sale expert, who will be able to offer assistance during each step.

For starters, after a short sale has been given a "thumbs-up" from the bank, the current homeowner, now seller, will need to reach a selling price. Sometimes, the bank has already instructed what price they will accept, but that is not always the case. If the homeowner cannot determine what would be acceptable, the selling price should be discussed with an expert. The homeowner may need this type of guidance throughout the legal proceedings as well. Buyers entering into a short sale may also want expert advice before making any major decisions.