🏡 What Is the First Thing to Do When Downsizing?

A Complete Guide by a Trusted Realtor in Markham, Ontario

Meet Michael John Lau – The #1 Realtor in Markham, Ontario

As your Number One Realtor in Markham, Ontario, Michael John Lau has built a reputation for delivering exceptional results, trusted guidance, and unparalleled local expertise. With years of experience helping families, professionals, and retirees buy, sell, and downsize their homes, Michael has become one of the most recognized and respected names in Markham real estate.

Known for his dedication, market insight, and personalized client care, Michael ensures every real estate experience is stress-free, profitable, and perfectly aligned with his clients’ goals. Whether you’re preparing to downsize or planning your next move, his hands-on approach and deep understanding of Markham’s neighborhoods make all the difference.

Understanding the First Step in Downsizing

Downsizing your home is a big life decision whether you’re an empty nester, retiring, or simply looking to simplify your lifestyle. The first thing to do when downsizing is to evaluate your needs and goals.

Ask yourself:

• Why am I downsizing?

• What kind of home fits my next chapter a condo, townhouse, or smaller detached home?

• Do I want to stay in Markham, or explore nearby communities like Richmond Hill or Stouffville?

This step helps you set a clear direction before listing your home or calling a moving company.

Step 1: Assess Your Current Lifestyle and Future Plans

Start by writing down your must-haves and nice-to-haves.
For example:

• Proximity to hospitals, shopping, and transit (Markham GO Station, Highway 407, etc.)

• Low-maintenance living (condo vs. freehold)

• Space for family visits or hobbies

Once you have this list, you’ll have a solid foundation to discuss with a professional realtor in Markham like myself, Michael John Lau, who understands the local market and can guide you through the process.

Step 2: Evaluate Your Finances Early

Downsizing often means selling your current property and purchasing a smaller one.
Before making any move, it’s crucial to review your mortgage, property value, and budget.

As your Markham real estate agent, I can help you estimate your current home’s market value, analyze potential downsizing costs, and identify hidden savings opportunities such as reduced utility bills, property taxes, and maintenance expenses.

Step 3: Declutter with a Purpose

Once your goals and finances are clear, it’s time to start decluttering.
Go room by room and decide what to:

• Keep

• Donate

• Sell

• Let go of

This is one of the most emotional parts of downsizing, but it also brings clarity and freedom. Many of my clients in Markham are surprised at how liberating this step feels and how much value they unlock by selling unused items.

Step 4: Partner with a Local Expert Realtor in Markham

Working with a local Markham realtor who understands neighborhood trends, property values, and buyer demand can make all the difference.
I, Michael John Lau, specialize in helping homeowners transition smoothly from preparing your property for sale to finding your next perfect home that matches your new lifestyle.

With years of experience in Markham real estate, I’ve guided clients through successful downsizing journeys that balance financial gain with comfort and convenience.

Step 5: Plan the Move Strategically

Once you’ve sold your home and found your next space, plan your move with timelines and logistics in mind.
Label boxes clearly, schedule movers early, and coordinate closing dates to avoid overlap.
If you need help connecting with trusted local movers, cleaners, or home staging services I can recommend my vetted Markham partners.

Final Thoughts

So, what is the first thing to do when downsizing?
👉 Start with a clear evaluation of your goals, needs, and lifestyle.

From there, surround yourself with the right professionals and if you’re in Markham, Ontario, I’d love to be your guide every step of the way.

👋 Ready to Start Downsizing in Markham?

Whether you’re selling your family home, exploring townhomes, or moving into a condo, I’m here to make your transition smooth and stress-free.

📞 Call Michael John Lau – Your Local Realtor in Markham, Ontario
🌐 www.callmikelau.com
📧 info@callmikelau.com
Let’s find your next dream home together.