With the credit squeeze, loss of jobs and other financial crisis hitting average Canadian, many will be faced with the idea of cutting costs and raising some ready liquid cash.

One of the options, that many of you will consider is to sell that expensive home and buy something more affordable and bank the surplus cash for emergency use. Others will decide to sell it and move into a rental accommodation. In either of these cases, you should do your best to cut your expenses and make sure that you get the most from the sale of your most important asset –your home.

Selling your home is an expensive affair. On an average total selling costs range between 6-8% of the value of your home, which includes real estate brokerage expense, legal expense, and the cost, if any, associated with the early discharge of any existing mortgage.

While you can not bring these selling cost to zero, you definitely can reduce these to a more reasonable levels.

Before you decide to sell your home, check with your mortgage company, if there is any penalty in discharging the mortgage. If there is any penalty, negotiate with them, they may be more willing to give you a break in these tough times. As many mortgages allow you to prepay upto 10-25% of the principal once a year, you can further reduce the penalty by paying down the mortgage at the time of closing

Choose a lawyer who would not charge you an arm and leg. It is a common knowledge, that Bay street lawyers with big offices have higher fees. However, many lawyers are prepared to reduce their fees far below the recommended fees by the law society. Also compare fees of 2-3 different lawyers and the best way of comparing is by finding out the total cost of closing the sale rather than simply comparing the legal fees only. I have seen these costs vary as much as 100% between the lawyers and this approach will save you from any unpleasant surprises.

Real estate brokerage fees are the big chunk of these expenses. Traditionally, these fees have been between 5-6 %. Fortunately there are options available, where you can sell your home for a cost no more than 3% --a whopping reduction of as much as 40-70% -- and in dollar terms it could mean additional thousands of dollars in your pocket without compromising your interests.

Based on the statistics, most of the people end up hiring a real estate broker, also selling privately may not be the best option if the time is of the essence. You may like to check out www.WeListFree.com , this broker, Coldwell Banker Trail Blazers Realty, has been offering MLS services to the members of his Real Estate Club, at less than 3% for the last several years. Please note, as each Coldwell Banker Office is independently owned and operated, this service is not offered by other offices. While your property is being sold through MLS, you also have the option to sell your home privately and reduce the cost of selling further. There is a cost of $995 to the membership of the real estate club, but even when you take that into consideration, savings are huge. Your membership to the real estate club entitles to sell as many properties as you like in a year at reduced fees Though most of you would have only one home to sell, this could be very attractive feature for those who many have more than one property to sell.

Check it out your self. You can reach on line www.WeListFree.com or reach the broker of record Mr. Nawel K Seth at 416-630-1999 / 905 6607999 / Toll Free 1 -866 890 1999.

What ever you do, save your money: There is no wisdom or glory in paying more for what you can get for less!