Burlington luxury home Buying

Home buyers in Burlington can expect a luxury home buying process that is a little different from the traditional process in 2023.

Here is a look at what buyers can expect.

In the Burlington real estate market, 2023 is set to bring a wave of changes that home buyers and sellers can experience. It’s no surprise that the past year has seen large shifts in the way buyers purchase homes and this is expected to continue in the future. In 2023, buyers in Burlington can expect a new, luxury home-buying process that differs from the traditional process already in place. In this article, we will look into some of the changes that may come in the next few years and what it means for buyers in Burlington.

Benefits of Living in and buying a home in Burlington

Before we delve into the new home-buying processes, let’s first take some time to understand what makes Burlington such an attractive place to live. This city offers plenty of amenities such as excellent schools, green spaces, local restaurants and cafes, lively pubs, shopping malls, and much more. Additionally, Burlington’s Lakeshore communities feature stunning waterfront scenery with picturesque views of the bay and bluff trails. The city is also home to several open parks and multi-use trails, making it perfect for young families and outdoor enthusiasts.

The Real Estate Market in 2023

Moving on to the real estate market in 2024, experts predict that things will only be getting better. Demand for homes in the Burlington area is expected to remain strong and inventory is expected to remain low. As a result, home prices are likely to continue rising. The average sale price in Burlington for a detached, single-family home was about $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

The Luxury Home Buying Process in 2023

The new luxury home buying process in 2023 will involve increased services and support from local real estate agents. The best real estate agents will be very proactive in their approach by helping buyers find their dream home, negotiating price and staying in close contact with the lender for fast, successful closings. Here are some of the steps buyers can expect to go through in the upcoming process.

Research – When Buying a house in Burlington

The research process is arguably the most important step. This is when buyers should locate an experienced and qualified real estate agent, who can show buyers the best properties in their price range and also provide valuable market information. It’s also important to research lenders and available loan programs, if they haven’t already been pre-approved. Additionally, buyers should also consider their future living costs, start saving for a down payment, and, if necessary, get a mortgage pre-approval prior to the purchase.

Showings

Once buyers are pre-approved, their real estate agent can start to schedule showings for the properties that meet their criteria and match their budget. During the showings, buyers should make sure to take detailed notes and ask strategic questions of their real estate agent to ensure they are making the best decision for their needs.

Evaluation

The evaluation period is when buyers should closely inspect each property and thoroughly assess whether or not it is the ideal home for them. If the evaluation process reveals that it is the ideal home, buyers should THEN consider the following steps carefully:

Preparing an Offer

Now that buyers have identified the ideal home, they can begin preparing an offer. This step involves consulting with the real estate agent to decide whether to start by making a full-price offer or a low-ball offer. Buyers also need to provide a description of their desired closing date along with the earnest money they are willing to put down, which will typically range between 1–10% of the purchase price.

Negotiations and Counter-Offers

Once an offer is made, the seller will either accept it or make a counter-offer. Buyers should be aware that they have the option to counter-offer any proposed counter-offers from the seller. That said, buyers should always consider how much they are willing to pay for the property and be prepared to walk away if a counter-offer is too high for their budget.

Review and Signing

Once negotiations are complete and both buyers and sellers agree on the terms of the contract, the contract documents will be prepared for the buyer’s review and signature (typically done through a digital platform). Usually, buyers will have 24-48 hours to review the documents and discuss their contents with their agent. The agent will also review buyers’ closing costs, which are typically paid at the time of signing. Once both buyers and sellers have signed the documents, they will become binding and the sale will enter into its final phase.

Closing

The final phase prior to ownership is the closing of the sale. During this phase, buyers will be required to pay any closing costs that are due upon signing and submit their deed for recording at the local county clerk’s office. They will also need to arrange for any appropriate home inspections and other due diligence that may be necessary before finalizing the purchase. During this phase, buyers will also be given the opportunity to make a final walkthrough of the property to make sure everything is in order prior to closing.

In 2023, buyers in Burlington can expect to have access to a new, luxury home-buying process that is different from the traditional process. By doing their research, seeking out qualified real estate agents, carefully evaluating potential homes and being strategic when making offers, buyers can ensure that they make the right decision for their needs.

FAQ about Buying a House in Burlington

Q: What are the benefits of living in Burlington?
A: Burlington offers plenty of great amenities, such as excellent schools, green spaces, local restaurants, cafes, pubs, shopping malls, open parks and multi-use trails, and stunning waterfront scenery.

Q: What can home buyers expect from the real estate market in 2023?
A: Home prices are expected to remain strong in the Burlington area and rising. The average sale price for a detached, single-family home in Burlington was $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

Q: How will the luxury home-buying process in 2023 differ from the traditional process?
A: Luxury home buyers in 2023 can expect to receive increased services and support from their real estate agents, who will be very proactive in helping buyers find their dream home, negotiating price and staying in close contact with the lender throughout the entire process.

Q: What steps should buyers go through when making an offer on a home?
A: Buyers should start by deciding on their earnest money amount and desired closing date, both of which they should discuss with their real estate agent in advance. Then, buyers should make an offer and may be required to make a counter-offer if the seller proposes one. Finally, buyers should review and sign the contract documents, which will then become legally binding.

Q: Is it important for buyers to do a final walkthrough of the property before closing?
A: Yes, it’s important for buyers to do a final walkthrough of the property before closing to make sure that the condition of the property still meets their expectations. This is the buyers’ last opportunity to address any issues or concerns before the sale is finalized.

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For SaleOPEN HOUSE$1,169,000

2376 Cayuga Court

Burlington, Ontario

3 Bedrooms2 Bathrooms1654 sqft

Welcome to this beautifully updated 3-bedroom, 2-bathroom family home nestled on a quiet court in the sought-after Brant Hills community of Burlington. Perfectly situated on a mature pie-shaped lot, this home offers both privacy and space for young families to thrive. The bright and open-concept main floor features an updated kitchen with quartz countertops, an island with a breakfast bar, and a convenient beverage fridge—ideal for entertaining and family gatherings. Natural light fills the living and dining areas, creating a warm and inviting atmosphere. Off the living/dining rooms, step outside to your two-tier deck, perfect for outdoor dining or simply enjoying the rear yard. The lower level boasts a cozy gas fireplace in the recreation/family room, along with a dedicated home office, 3 piece bathroom, inside entry from garage, and laundry/storage. Located in a family-friendly neighbourhood, you’re just minutes away from great schools, parks, shopping, and all the amenities that make Brant Hills such a desirable place to call home. Easy highway access to 407 or QEW. Don’t miss this opportunity to live in a prime location that offers both comfort and convenience. Notable updates include: Kitchen 2019, Windows 2019, Siding 2019, re-insulated/resealed 2019, Deck 2020, Driveway extended/redone 2023, A/C 2019, Water heater 2023 (owned). (id:51158)

For Sale$889,000

3130 Edgar Avenue

Burlington, Ontario

2 Bedrooms3 Bathrooms1601 sqft

Welcome to this charming 3-level townhouse located in the heart of Alton Village, just steps away from shopping, groceries, parks, and schools, with easy access to highways for a seamless commute. Upon entering, you'll be greeted by a welcoming entrance and an upper-level balcony perfect for relaxation. The rear parking area accommodates 2 cars, and leads to a large balcony ideal for outdoor entertaining. The main floor boasts a versatile family room or office/recreation room with laminate flooring and a convenient laundry room. Head upstairs to find an open-concept layout featuring hardwood floors, a spacious living room with access to a front balcony, and a large eat-in kitchen with maple cabinetry, island, and breakfast bar. Patio doors open to a massive 20' x 16' deck equipped with a gas line hookup, perfect for BBQs and outdoor gatherings. On the upper level, two generous bedrooms offer hardwood floors, including a primary retreat with a feature wall, walk-in closet, and 3-piece ensuite. An additional 4-piece bathroom completes this level. California shutters throughout add a touch of elegance. This townhome has been freshly painted with newly installed floor coverings and a new (2024) roof! Don’t miss the opportunity to make it yours! (id:51158)

For Sale$1,550,000

978 North Shore Boulevard W

Burlington, Ontario

3 Bedrooms1 Bathrooms1278 sqft

Vintage charm meets modern potential - 3-Bedroom home in South Aldershot. This 1939-built 1.5-storey home is your ticket to South Aldershot's serene living. Offering 3 bedrooms and 1 bathroom, it's nestled on a peaceful, tree-lined street. Situated on a generous 50 x 128 foot lot with mature trees, just a stroll away from Lake Ontario and the Royal Botanical Garden, this property is a haven for nature enthusiasts. The 3 bedrooms offer versatility for a family or home office, and the vintage charm throughout invites cosy living. This home is your blank slate, ready to be your forever haven, or reimagined into a modern masterpiece that suits your taste. The spacious lot is a canvas for your outdoor vision, where the mature trees provide a canopy of tranquillity. Location is key, and this property has it all. Within a leisurely walk, you can explore the calming lakeside or immerse yourself in the natural wonders of the Royal Botanical Gardens. Burlington and Hamilton's amenities are at your fingertips, ensuring convenience and comfort with major transit connections, local and big-box shopping, and entertainment opportunities all nearby. Don't let this opportunity slip away. Whether you seek a comfortable family retreat or a renovation project, this home has the potential you're looking for. Schedule a showing, and unlock the charm and possibilities of this treasure. (id:51158)

For Sale$459,900

3200 Dakota Common Unit# B501

Burlington, Ontario

1 Bedrooms1 Bathrooms517 sqft

Welcome To Valera Condos In Sought After Alton Village. This 1 Bed 1 Bath Suite Features An Open Concept Layout, Floor To Ceiling Windows, Ensuite Laundry And A Walk Out To A Spacious Balcony. Modern Kitchen Offers Stainless Steel Appliances And Quartz Countertops. Resort Like Amenities Include Exercise Room, Yoga Studio, Sauna & Steam Room, Outdoor Rooftop Pool With Lounge & Bbq Area, Lobby With Concierge, Party Room With Kitchenette & Outdoor Terrace. This Unit Comes With 1 Parking Space & 1 Storage Locker. Close Proximity To Great Schools, Shopping, Dining, Public Transit & Major Highway Access. (id:51158)

For Sale$939,900

370 Martha Street Unit# 1707

Burlington, Ontario

2 Bedrooms2 Bathrooms828 sqft

New upscale Nautique Residences DOWNTOWN BURLINGTON. Enjoy the sweeping unobstructed views of Lake Ontario from the floor-to-ceiling windows in the open-concept kitchen/LR/DR area with walk-out to balcony. This sun filled 2 BR , 2 bathroom condo features a chef’s kitchen with an upgraded island. Building amenities include 24 hour concierge, swimming pool, 20th-floor Sky Lounge, fire pits, yoga studio, gym, plus more . Includes 1 parking spot, one locker. Steps away from Burlington’s vibrant downtown, nearby fine dining establishments, trendy boutiques, Arts Centre, Spencer Smith waterfront Park and Pier. (id:51158)

For SaleOPEN HOUSE$899,900

2960 Glover Lane

Burlington, Ontario

4 Bedrooms2 Bathrooms1547 sqft

PRIME Millcroft location!! Welcome to this meticulously maintained FREEHOLD townhome situated on a quiet street just steps to restaurants, grocery, medical offices, playgrounds, trails, sports park, schools and all amenities. Close proximity to the golf course, highways, GO train and a plethora of shops. Stunning curb appeal with a charming front porch and large picture window. Step inside to the spacious main level which flows seamlessly from the gracious entry to the large family room. The open concept kitchen overlooks the oversized dining area with wall to wall sliding glass doors. Outside is a private sanctuary with a composite deck, stone garden beds and a gas hook up for your BBQ. Upstairs features a primary retreat with walk in closet and ensuite privileges to the 4 pc bathroom. Two additional generous sized bedrooms grace the upper level. The lower level has unlimited possibilities! It’s a blank slate with a bonus area finished as a 4th bedroom or office space. Main floor powder room. Attached garage. Access to the backyard. Lots of updates including the furnace and AC (2020), the front porch, driveway, walkway and backyard (2022), dishwasher (2023), washer and dryer (2024). Move in ready, all you need to do is unpack! (id:51158)

For Sale$570,000

700 Dynes Road Unit# 109

Burlington, Ontario

3 Bedrooms2 Bathrooms1550 sqft

Welcome to The Empress!! This charming ground floor 3-bedroom, 1.5-bathroom apartment-style condo is nestled in the desirable Dynes neighborhood of Burlington. Step inside the stunning 1550' to discover a freshly painted interior, creating a bright and inviting atmosphere throughout. Cheery kitchen opens up to bright eating area which flows to an open concept entertaining and dining area. The building offers exceptional amenities, including an outdoor saltwater pool, BBQ and patio area, newly upgraded exercise and party rooms, as well as a sauna. Additional conveniences include bike racks, a car wash area, and 24-hour concierge/security service. With ample visitor parking and one owned underground parking spot, this condo provides both comfort and practicality. Located walking distance to Burlington Centre, Home Sense, Canadian Tire, Shoppers Drug Mart, Denninger's, banks, the new Farm Boy and many restaurants. Ample visitor parking. Don’t miss the opportunity to make this fantastic property your new home! (id:51158)

For Sale$1,479,000

4268 Millcroft Park Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2243 sqft

Welcome to Millcroft! This 4 + 1 bedroom, 2 ½ bath home with a fully finished basement is a prime opportunity in this highly sought-after community. Offering great value, the home features many recent updates, including upgraded kitchen (2019), rich hardwood flooring (upstairs in 2018, main level in 2020), a finished basement (2020) with a rough-in for a 3-piece bath, and newer furnace and AC (2020), fence (2021), Roof (2016). The bright, open kitchen overlooks a beautifully landscaped yard with a new concrete patio (2023), perfect for outdoor entertaining. Located in the family-friendly Millcroft community, this home is surrounded by top-ranked schools and provides easy access to local parks, shopping, dining, and major highways, making commuting a breeze. Don’t miss the chance to make this fantastic home yours! (id:51158)

For Sale$1,499,900

3047 Ferguson Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms2233 sqft

Gorgeous all brick 2 storey family home backing onto pond/green space in the heart of Alton Village. Private maintenance free back yard with large concrete patio. Modern open concept main floor, updated kitchen with white extended cabinetry, backsplash, quartz counters & massive island. Finished basement with full bathroom & upper level with balcony, additional family room & laundry. There is no wasted space in this home. Gleaming hardwood throughout, wood stair case with iron spindles & an abundance of pot lights. Very well maintained and extremely clean. Exceptional location with easy highway access, walking distance to schools, shopping & restaurants. Shows 10+ (id:51158)

For Sale$1,369,000

597 Vanderburgh Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms2274 sqft

Welcome to Burlington's highly sought-after Lasalle District, where convenience meets charm! Nestled close to scenic parks, picturesque pathways, and just minutes from highway access, this location offers an unbeatable lifestyle. Top-rated schools, endless amenities, Mapleview Mall, Joseph Brant Hospital, the beach, and waterfront are all at your fingertips. Plus, with easy drives to Hamilton, Toronto, and Niagara Falls, you're perfectly positioned to explore everything the GTA has to offer. This stunning 4+1 bedroom, 4-bathroom home boasts a truly one-of-a-kind layout, ideal for those with a creative vision. While it may need a few updates, it's a designer's dream with endless potential to transform it into something uniquely yours. Don't miss the chance to craft your perfect space in this prime location! (New Furnace and AC installed 2024) (id:51158)

For Sale$490,000

4005 Kilmer Drive Unit# 409

Burlington, Ontario

2 Bedrooms1 Bathrooms728 sqft

Welcome to Tansley Woods in Burlington where you’ll fall in love with the vaulted ceilings and large windows with lots of natural light in this 1 bedroom plus den that’s big enough for a second bedroom or home office. Large primary bedroom with double closets. The den is finished with French doors and a bay window to sit and enjoy a book. Open concept with lots of counter space in the kitchen, new appliances, light fixtures and tons of storage. Private, covered balcony off the living area that allows BBQ’s. Full 4-piece washroom and in-suite laundry. Great location near parks, restaurants, schools, shopping, walking and biking trails plus a short 2 minute drive to the QEW. (id:51158)

For SaleOPEN HOUSE$1,199,000

4000 Alexan Crescent

Burlington, Ontario

4 Bedrooms4 Bathrooms2151 sqft

Discover this stunning 2-storey freehold end-unit townhome in the coveted Millcroft neighborhood! This spacious home offers 3+1 bedrooms, 3.5 bathrooms, and a legal basement apartment with a separate entrance—ideal for families or as an investment. Enjoy nearly $100k in upgrades, including gorgeous hardwood floors, tons of natural light, ample storage, and a modern kitchen with stainless steel appliances. The upper floor laundry adds convenience, while large windows brighten every room. Experience elegance and comfort with Millcroft living, combining functionality and luxury. Don’t miss your chance to own this beautiful property! (id:51158)