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 Sale$1,099,000

3346 Hannibal Road

Burlington, Ontario

6 Bedrooms2 Bathrooms1243 sqft

Opportunity knocks on this stylish and updated raised bungalow with basement rental suite/separate entrance, currently grossing $2900/mth. Leave the tenants in place or convert back to single family. You're going to love the open concept kitchen w/ large peninsula, dining area with accent wall and oversized picture window in the living room. The bathrooms are nothing less than impressive, the bedrooms have designer touches and closet organization and the lot provides a double car drive and generous backyard. Great neighbourhood with an abundance of schools, parks, major highways and all your necessary amenities just a short drive away. Book your showing today to see how this great home could work for you! (id:51158)

For Sale$879,900

2392 Maryvale Court

Burlington, Ontario

3 Bedrooms2 Bathrooms1280 sqft

Your Dream Home Awaits! This Meticulously Maintained Freehold End-Unit 3+1 Bedroom, 3-Bath Townhouse in Burlington Feels Like a Semi-Detached, Offering $100K in Upgrades and an Array of Exceptional Features. The Professionally Landscaped Front Yard, Interlock Stone Driveway, and Modern Accents Enhance the Curb Appeal, While the Private Backyard Oasis Features a Shaded Gazebo, Stylish Interlock Patio, and Mature Maple Trees for a Serene Atmosphere. Inside, the Gourmet Kitchen Boasts High-End Stainless Steel Appliances, Quartz Countertops, Dark Cabinetry, and Convenient Walkouts to the Backyard and Side Entrance. The Main and Upper Levels Feature Elegant Hardwood and Tile Floors, and the Finished Basement Adds Incredible Versatility with an Extra Bedroom, Home Office, Pot Lights, Ample Storage, and a Full Bathroom Ideal as a Recreation Room or Home Gym. Recent Upgrades Include All-New Interior and Exterior Doors, a Newly Installed Gazebo and Shed, and a Leveled Sealed Roof Under Warranty. This Home Is Perfectly Located With Quick Access to Major Highways, Public Transportation, Great Schools, Shopping, Dining, Parks, and Recreational Facilities. Combining Modern Convenience, Timeless Charm, and Exceptional Design, This Property Is Ready for You to Call It Home. Don't Wait - Book Your Showing Today Before It's Gone! (id:51158)

For Sale$1,185,000

2946 Singleton Common

Burlington, Ontario

3 Bedrooms3 Bathrooms2272 sqft

Welcome to this magnificent freehold raised bungalow, backing onto tranquil green space! Featuring 2 bedrooms and 3 full bathrooms within approximately 2272 square feet of living space, this home offers a blend of comfort and elegance. The open-concept layout showcases hardwood flooring, 9-foot ceilings, and an abundance of natural light. The stylish white kitchen comes with stainless steel appliances, granite countertops, and a spacious pantry. Entertain guests in the generous living and dining areas that open to a private backyard retreat. The primary bedroom is a haven with a luxurious 5-piece ensuite and a walk-in closet. Additionally, the main floor includes a second bedroom, a 3-piece bathroom, and a convenient laundry area. The walk-out lower level is bright and inviting, featuring large windows, a spacious family room with a gas fireplace, a lovely 4-piece bathroom, a roomy den, and ample storage. Outside, enjoy a single-car garage with great storage, stamped concrete driveway, private backyard with a large wood deck and an aggregate concrete patio. The low-maintenance perennial gardens add a touch of charm. Located in the serene Millcroft community, this home is ideal and is conveniently close to all amenities. Recent updates include a newer furnace and AC (2022) and shingles (2019) (id:51158)

For Sale$629,900

2045 Appleby Line Unit# 305

Burlington, Ontario

2 Bedrooms1 Bathrooms900 sqft

This is the one you have been waiting for! Stunning 2 Bed, 1 Bath unit in the Uptown Orchard Condo’s. The beautiful Hampton model boasts nearly 900 square feet of living space. Completely upgraded throughout with dark flooring, trim, stainless steel appliances(1-year-old), new lighting, new water heater (‘24), zebra blinds throughout. The spacious Kitchen includes all of the modern touches, quartz countertop, backsplash, stainless steel farmhouse sink with black matte pull-down faucet sprayer, and patio doors to the balcony. The south-facing view fills the space with an abundance of natural sunlight. The spacious living and dining room area offers enough space for lounging and entertaining. The large primary bedroom offers a double closet, bonus office/sitting area. Freshly updated and functional 4 piece bath features in-suite laundry. The second bedroom / den is perfect as a nursery, spare bed, or home office! Amenities include a beautiful party room, fitness centre/sauna, and underground parking. One parking space underground #100 is owned with plenty of additional parking for a second vehicle in the parking area above/visitor parking. Locker #31. Unbeatable location walking distance to shops, grocery stores, restaurants, gym, and easy highway access. Low condo fees!! Nothing to do, but move in and enjoy! (id:51158)

For Sale$1,299,000

984 Easterbrook Avenue

Burlington, Ontario

5 Bedrooms2 Bathrooms2637 sqft

This charming three-level side-split is ideal for growing families! Located in the desirable Aldershot neighborhood, this home offers 3+2 bedrooms and 2 full baths, providing plenty of space for everyone. The main floor features an open-concept living and dining area and a bright eat-in kitchen. Enjoy relaxing in the four season sunroom with a gas fireplace and walkout to a private rear patio. The primary bedroom includes ensuite privilege, plus two spacious bedrooms for the kids or guests with hardwood flooring. The lower level is perfect for family entertainment with a large family room, entertainment bar and two additional bedrooms. The updated 3-piece bath, laundry area with storage and separate entrance to the backyard offer even more versatility. The double garage, fully fenced pool-sized yard (77’ x 107’), and irrigation system provide plenty of outdoor space for kids and pets to play. Plus, the home is ideally located near schools, parks, shopping, and the Go Station, with easy access to major highways. Updates include: Roof, HVAC, most windows, tankless water heater, and updated electrical panel. Don’t miss this great family-friendly home! Book your viewing today! (id:51158)

For SaleOPEN HOUSE$535,000

2030 Cleaver Avenue Unit# 212

Burlington, Ontario

2 Bedrooms1 Bathrooms1108 sqft

Welcome to Forest Chase in the highly sought after Headon Forest community. This fantastic Brentwood model is a corner unit and offers over 1,100 square feet of living space. Gorgeous forested ravine views from both of the generous sized bedrooms plus partial views from the balcony. Entrance with hallway that opens up to the kitchen that has ample counter and cupboard space plus a breakfast bar with room for chairs or bar stools. Lovely open concept layout with french doors off the living room providing access to your private covered balcony where you can enjoy your barbeque all year long. Large 5 piece bathroom with double sinks. Primary bedroom with walk in closet. Clean, well kept unit with new flooring in the living and dining area plus fresh paint throughout. Easy access to great restaurants, shopping, parks, schools and many more excellent amenities! Close to the QEW/403, 407 and public transit including Appleby go station. community/recreation centres, golf, Bronte Creek Provincial Park and many trails nearby to enjoy! Check out the video tour attached! (id:51158)

For Sale$898,000

5115 Silvercreek Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1537 sqft

Outstanding Freehold Townhome that has been beautifully upgraded and updated. Features include granite countertops in kitchen, new flooring in main and bedroom levels, finished basement level with rec room and full bathroom, and spacious fully fence backyard with large deck for outdoor living! Must be seen to be fully appreciated! RSA. (id:51158)

For SaleOPEN HOUSE$1,849,900

2112 Berwick Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms4082 sqft

Beautiful FULLY RENOVATED, 2-car garage home in coveted Millcroft. Spacious 4 bed 4 bath home 2,900+ sqft quality living space sits on oversized lot. Large living areas freshly painted, hardwd, pot lights, crown molding, upgraded light fixtures & extensive windows offer natural light. Bright family room features gas fireplace w built-in’s, flanked by beautiful windows, opens to kitchen with walk-out to yard. Updated eat-in kitchen with new quartz counters & SS appliances. Separate dining room for entertaining. Main level office with French doors can be used as guest suite or living room. Mud room with laundry & access to exterior provides convenience. Primary bedroom is a tranquil retreat w sitting room, fireplace, closet organizers & spa-like ensuite w soaker tub & separate shower. 3 full-size bedrooms, all with plenty of closet space, another bath with ensuite access plus another beautifully updated 5-pc bath complete the second level. Spacious Recroom & gym area in finished lower level, cold cellar & plenty of storage space. Fenced yard professionally landscaped with huge lawn area, mature trees, 2 entry gates and interlock patio for al fresco dining. Meticulously maintained - a seamless blend of comfort & style. Tons of upgrades: EV charger, wi-fi garage door openers, custom blinds, new front door, new water heater owned - the list goes on. Walking distance to desirable schools, steps to park & Millcroft Golf Club, close to shopping, restaurants, Rec Centre & hwys. (id:51158)

For Sale$1,024,900

1237 North Shore Boulevard E Unit# 903

Burlington, Ontario

2 Bedrooms2 Bathrooms1600 sqft

Discover luxury living in this beautifully renovated 2-bedroom, 2-bathroom condo, perfectly located in the heart of Burlington, steps from Spencer Smith Park. This spacious 1,600 sq. ft. unit boasts breathtaking lake views, 10’ ceilings, and a custom professional renovation completed in 2020, featuring upgraded hardwood floors, modern tile, premium fixtures, and a sleek kitchen with top-of-the-line appliances. Enjoy the convenience of remote-controlled blinds, fresh paint throughout, and 2 brand-new A/C units under warranty for added peace of mind. Step out onto your private balcony to enjoy the serene surroundings, or take advantage of the building’s first-class amenities, including an outdoor pool, BBQ area, gym, sauna, party room, and newly renovated common areas (2023/2024). This unit also comes with one parking spot and a locker for extra storage. Don’t miss the opportunity to call this luxurious condo with lakeside living your new home! (id:51158)

For SaleOPEN HOUSE$799,900

2960 Headon Forest Drive Unit# 36

Burlington, Ontario

3 Bedrooms2 Bathrooms1850 sqft

Experience a carefree lifestyle in this meticulously maintained end-unit townhome, nestled in the safe and family-friendly neighborhood of Headon Forest. Upon entering, you are greeted by a stylish foyer featuring chic black porcelain tile, inside access to the garage and a convenient powder room that leads to the main living area. The open-concept main floor boasts neutral paint tones, wide 9-inch luxury vinyl plank flooring, and a cozy natural gas fireplace, perfect for chilly evenings. The spacious kitchen offers beautiful porcelain tile, ample cabinet space, and updated stainless steel appliances, including a Bosch dishwasher (2021) and Whirlpool fridge, stove, and microwave range hood upgraded in May 2024. Upstairs, you'll find three generously sized bedrooms, all with hardwood flooring throughout. The primary bedroom is particularly spacious, with two closets offering plenty of storage. The 4-piece privilege ensuite adds to the appeal of this bright and airy space. The fully finished basement is an ideal spot for family gatherings or movie nights, complete with an overhead projector and additional storage space, as well as an laundry area featuring upgraded washer/dryer units in May 2024.The backyard is the perfect size for barbecuing and entertaining, with convenient visitor parking right beside for your guests. Recent updates include new windows in 2017, a new roof in 2022, and a furnace, air conditioner, and owned water heater in 2022, ensuring peace of mind for years to come. Located close to top-rated schools, shopping, and major highways, this home offers the perfect combination of comfort and convenience. (id:51158)

For Sale$1,649,999

599 Cumberland Avenue

Burlington, Ontario

5 Bedrooms3 Bathrooms2995 sqft

Showcasing classic charm with extensive attention to detail, this South Burlington dream home is meticulously updated with almost 4000sqft of total living space-a rare find for this neighbourhood! Walk to schools, parks & amenities w easy access to hwys and transit. This property sits on an oversized lot and features a unique detached garage/barn w 2nd story— endless potential to convert into an office, in-law suite, workshop or studio. Inside, find intricate details and sturdy upgrades all in-keeping with the original character of the home. A grand foyer with soaring ceilings and abundant natural light welcomes you. The main floor features hardwood & ceramic tile, a spacious eat-in kitchen w granite counters, built-in fridge, SS appliances & custom cabinetry. The adjacent butler’s pantry/library offers built-in cabinetry & bar area. A large dining room and family room with a fireplace provide ample space for gatherings. Upstairs, find hardwood floors and skylight(‘23) with stunning vaulted ceilings. Generous primary suite with bay window & spa-inspired updated ensuite w freestanding tub, double vanity & glass shower. 3 additional bedrooms & full bathroom complete this level. The fully finished LL, updated with luxury vinyl flooring (‘24), incl pot lights & rec room. Recent upgrades include high-end vinyl windows (2023/2024), a new front door (2024), a beautiful new front porch railing, elegant new back French doors, a new powder room (2024), and eavestroughs/downspouts on the barn (2023). The backyard features a fenced area with a patio, pergola & easy access to the barn/garage. This home combines character, charm, and limitless potential. (id:51158)

For Sale$599,900

1276 Maple Crossing Boulevard Unit# 1007

Burlington, Ontario

2 Bedrooms1 Bathrooms800 sqft

This spacious one bedroom plus den end unit at the Grand Regency building on the 10th floor boasts beautiful views and is located in the highly desirable Maple neighborhood of Burlington. 2016 fully remodelled kitchen and living space. Just a short walk to the Lake, restaurants, and the mall, this location offers convenience and comfort. The building provides an array of amenities, such as a tennis court, outdoor pool, squash court, gym, tanning bed, rooftop terrace, party rooms, and guest rooms, making it an ideal choice for those seeking an accommodating lifestyle. (id:51158)