Where the Money Actually Goes When You Downsize

Where the Money Actually Goes When You Downsize

Where the Money Actually Goes When You Downsize Realty Bytes, EP.215 What this episode covers: * Why "sale price minus purchase price" is the wrong way to estimate what you'll walk away with * The real cost of selling: commission (4 to 5 percent) plus HST on top of it * The real cost of buying: Ontario land transfer tax and legal fees on both transactions * The hidden costs almost nobody budgets for: moving, staging, small repairs, and mortgage discharge if it applies * A full worked example on a $950,000 sale and a $650,000 purchase, landing at $70,000 to $75,000 in total friction costs * Two listener questions answered: does this apply if you're mortgage-free, and is commission negotiable * The one thing to remember before you list Mentioned in this episode: * Free Downsizing Guide with a built-in net proceeds worksheet: https://contacts.byreferralonly.com/Form3.aspx?Key=D8BBBA6956BA57D245397E6A157C2264 [https://contacts.byreferralonly.com/Form3.aspx?Key=D8BBBA6956BA57D245397E6A157C2264] * Book a no-pressure call with Evelyn: https://calendly.com/evelynlopes/consultation-meeting-evelyn-lopes-realty-team [https://calendly.com/evelynlopes/consultation-meeting-evelyn-lopes-realty-team] Link to YouTube Video: https://www.youtube.com/watch?v=uZE6Uzq-IvU The content in this episode is intended for informational and educational purposes only. Nothing discussed constitutes legal, financial, mortgage, or investment advice. Real estate markets vary by location and change over time. Always conduct your own research and consult with a qualified professional before making any real estate or financial decisions. New episodes drop every other Tuesday. Follow Realty Bytes so you never miss a conversation.

Why Homeowners Are Wealthier Than Renters, By A Lot!

Is real estate still one of the smartest ways to build wealth in Canada? Evelyn Lopes sits down with fellow Realtors Ruth Ballantyne and Sandy Casella, three women with over 100 years of combined experience, to cut through the noise around buying in today's market. They unpack a Stats Canada number that stops most people in their tracks: homeowners under 35 have a median net worth close to ten times higher than renters the same age. The conversation gets into why forced savings matters more than timing the market, why a condo can be the smartest first move rather than a consolation prize, and why so many buyers are still stuck on the fence. A grounded, honest conversation for anyone weighing whether to buy or keep waiting. POD.202.203?_XXXPOD.01 The content in this episode is intended for informational and educational purposes only. Nothing discussed constitutes legal, financial, mortgage, or investment advice. Real estate markets vary by location and change over time. Always conduct your own research and consult with a qualified professional before making any real estate or financial decisions. New episodes drop every other Tuesday. Follow Realty Bytes so you never miss a conversation.

What to Fix Before You Sell (And What to Leave Alone)

WHAT SHOULD YOU FIX BEFORE SELLING YOUR HOME? ROI UPDATES THAT PAY OFF If you’re preparing to sell your home, you’ve likely wondered what you should fix — and what renovations are actually worth the money. Should you update the kitchen? Refresh the bathroom? Replace flooring? Or leave things as they are? In this episode, Evelyn Lopes explains how to decide what to repair, update, or skip before listing — so you don’t overspend and you don’t leave value on the table. You’ll learn: • What buyers notice first when they view a home • Repairs you should always address before selling • Updates that typically increase perceived value • Renovations that often don’t pay back • How to decide what’s worth doing in your home This practical guidance is based on real buyer behaviour and resale experience — so you can prepare your home with clarity and confidence.     🎁 Free Guide: What to Fix Before You Sell This step-by-step checklist shows: • What to always address before listing • ROI examples for common upgrades • What sellers are usually better off not doing Download here: GET MY WHAT TO FIX BEFORE I SELL- BEST ROI GUIDE [https://contacts.byreferralonly.com/Form3.aspx?Key=12794DD782077EC6DD849604C455249A]   📞 Need advice for your home? Evelyn offers a room-by-room pre-listing review to help you decide what to fix and what to skip before selling. Call or text: 905-965-5902 Contact details are also in the show notes.     If you’re thinking about selling in the next year, this episode will help you prepare wisely and protect your sale price. The content in this episode is intended for informational and educational purposes only. Nothing discussed constitutes legal, financial, mortgage, or investment advice. Real estate markets vary by location and change over time. Always conduct your own research and consult with a qualified professional before making any real estate or financial decisions. New episodes drop every other Tuesday. Follow Realty Bytes so you never miss a conversation.

The Real Cost of Homeownership (It's Not Just the Mortgage)_EP.201

Most buyers plan around one number. The mortgage payment. But the true cost of owning a home goes well beyond that monthly figure — and the buyers who feel most at ease years after closing are the ones who understood the full picture before they signed. In this episode, Evelyn walks through what homeownership actually costs, why the fear of financial regret keeps so many buyers stuck, and what it really means to buy a home that fits your life. In this episode you will learn: * Why the mortgage is only one part of your monthly housing cost — and what the other costs actually look like * How to think about property taxes, insurance, and utilities as part of your true affordability number * Why repairs feel so stressful, and the mindset shift that changes that * How a home inspection gives you more than a deficiency list — it gives you a timeline * Why buying cheaper doesn't automatically mean buying safer * The hidden costs that never appear on a listing but show up in your daily life * What the buyers who feel the most financial peace tend to do differently before closing Who this episode is for: First-time buyers who are ready but hesitant. Move-up buyers reassessing their budget. Anyone who has ever asked, "Will this actually work for my life?" Connect with Evelyn: Book a call: https://calendly.com/evelynlopes/consultation-meeting-evelyn-lopes-realty-team [https://calendly.com/evelynlopes/consultation-meeting-evelyn-lopes-realty-team] The content in this episode is intended for informational and educational purposes only. Nothing discussed constitutes legal, financial, mortgage, or investment advice. Real estate markets vary by location and change over time. Always conduct your own research and consult with a qualified professional before making any real estate or financial decisions. New episodes drop every other Tuesday. Follow Realty Bytes so you never miss a conversation.

EP.200 | How to Downsize With Confidence When You Feel Overwhelmed

Downsizing fear is usually fear of the unknown, not fear of the move. Clarity comes before confidence. You don’t need to feel ready to begin. Downsizing is about choosing what fits your life now, not giving things up. Urgency increases stress. Slowing the process creates calm. You only need the next clear step, not all the answers. Resources mentioned Downsizing Guide Links referenced. https://contacts.byreferralonly.com/Form3.aspx?Key=D8BBBA6956BA57D245397E6A157C2264 [https://contacts.byreferralonly.com/Form3.aspx?Key=D8BBBA6956BA57D245397E6A157C2264] The content in this episode is intended for informational and educational purposes only. Nothing discussed constitutes legal, financial, mortgage, or investment advice. Real estate markets vary by location and change over time. Always conduct your own research and consult with a qualified professional before making any real estate or financial decisions. New episodes drop every other Tuesday. Follow Realty Bytes so you never miss a conversation.