Spring and early summer are typically great months to list and sell your home and 2011 is no different. The Canadian Real Estate Association reports that the seasonally adjusted national sales activity in the first quarter of 2011 was up 4.5% over the previous quarter. It was also at its highest quarterly level in the past year.

Activity is high in many regions so if you are going to sell then you want to be ready to maximize the equity from their home. In other words, put more cash in your pocket.

Here are but a few tips to get more money when selling your home.

Repairs

The buyer’s home inspector will no doubt point out some issues with your property. It is best for the seller to identify and fix any problems before putting the house on the market. It may be a good idea to bring in your own home inspector as sometimes sellers are blind to problems they see every day. Look closely at and fix if required problems with your doors, windows, furnace, plumbin, or roof before listing your home. Don’t let potential buyers ask for thousands of dollars in price adjustment at the last minute when for a few hundred dollars the problems could have been solved upfront.

Home Staging

Many people have the misconception that hiring a professional home stager is going to cost them money. I most cases however it could net you more money in the end. If your home’s decor could use a quick update to entice buyers then you should concider the cost ans an investment. Staging professionals can ward off potential buyers from asking for a price reduction by helping you present a desirable home with a refreshing look. Invest that $200 to $500 for professional staging advice that could net you thousdands on your bottom line

Negotiate Costs to Break Your Mortgage

Sellers offen are unaware of the true cost of mortgage penalties, and particulary in many cases the interest rate differential. These penalties show up on your closing statements and could be substantial and possibly undetected. When the interest rate you’re paying right now is lower than the current prevailing rate you could be liable for thousdands of dollars in penalties. Be sure to consult with your lender and/or lawyer to understand the full financial impact of these penalties before breaking your mortgage term. Don’t be shy in asking for alternative solutions that may save you money. Ask your professionals to help negotiate down any penalties.

Legal Fees

Lawyer’s fees can vary depending on the complexity of the transaction and your mortgage lender’s requirements for discharge or transfer. Typically you are looking at about $800 to $1,000 for a basic housing transaction. Be aware however of the many additional fees that can be added due to various circumstances. Check with your lawyer for an estimate before selling your home. Perhaps even shop around for lawyer as fees do vary.