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 $2,750,000

5101 Mount Nemo Crescent

Burlington, Ontario

4 Bedroom 5 Bathroom 4580 sqft

Beautiful one-of-a-kind country property, more than 4,580 sq ft of living space, see attached floor plans. Four bedroom, four and half bath Raised Ranch just minutes north of Burlington. This property boasts two completely finished levels. Perfect for a large family, in-law suite or rental potential for the lower level. The main level has 3 bedrooms (one with a loft), the primary bedroom has a gorgeous ensuite and walk in closet, main floor bath, laundry, formal living and dining room, kitchen is spacious with loads of counterspace, 2 built-in ovens, and gas range. The lower level is fully finished with multiple walkouts. Full kitchen, family room, dining room and living room, one bedroom with ensuite, plus an additional bathroom and private laundry facilities, and 14 foot Olympic swim spa. (id:51158)
Homes for sale in Burlington

For sale $2,750,000

5101 Mount Nemo Crescent

Burlington, Ontario

4 Bedroom 5 Bathroom

Beautiful one-of-a-kind country property, more than 4,580 sq ft of living space, see attached floor plans. Four bedroom, four and half bath Raised Ranch just minutes north of Burlington. This property boasts two completely finished levels. Perfect for a large family, in-law suite or rental potential for the lower level. The main level has 3 bedrooms (one with a loft), the primary bedroom has a gorgeous ensuite and walk in closet, main floor bath, laundry, formal living and dining room, kitchen is spacious with loads of counterspace, 2 built-in ovens, and gas range. The lower level is fully finished with multiple walkouts. Full kitchen, family room, dining room and living room, one bedroom with ensuite, plus an additional bathroom and private laundry facilities, and 14 foot Olympic swim spa. **** EXTRAS **** 2 fridges, stove, gas range, double wall ovens, 2 dishwashers, 2 washers, 2 dryers, 2 microwaves, 2 range hoods, BBQ with gas line hook up, central vac and all attachments, 14 ft professional swim spa. (id:51158)
Homes for sale in Burlington

For sale $1,799,900

190 Townsend Avenue

Burlington, Ontario

5 Bedroom 5 Bathroom 1870 sqft

Nested in prestigious Aldershot South, this gorgeous home sits on a sprawling corner lot. Offering nearly a total of 3000 sqft of luxury finished living space, including 4+1 bdrms and 5 bths. Through extensive renovations this property has elegant contemporary styling & amenities leaving nothing more to do but enjoy! Main flr greets w/ bright clean palette, custom craftsmanship, and lux finishes that are sure to impress. Beautiful wood flr & custom wainscoting throughout the 1st flr. A chef’s kitchen dazzles with premium appliances, marble backsplash, fluted island and floor-to-ceiling cabinets. The kitchen is open to living & dining rooms showcasing a gorgeous gas fireplace. The main flr also offers the primary bedroom w/ laundry, WI closet, & exquisite en-suite bath. 2nd flr presents 3 additional bedrooms with 2 sharing a large 5-pc Jack n Jill bath, and the 3rd with its own en suite. Lwr lvl is fully finished and impressive with a lrg family room, 2nd kitchen, concealed wine room w/ LED backdrop, 5th bedroom, 4-pc bath, and 2nd laundry. Last but not least, the backyard oasis is accessed off the kitchen and boasts a covered sitting area, closed mini bar space, a manicured green space with lovely mature trees. Close to amenities such as easy walk to the lake, distinguished schooling, Burlington Golf Club, boutiques & eateries, parks, & highway accessibility. Too many upgrades to list, you must see it for yourself!. Nothing left to do but move in and love this stunning home! (id:51158)
Homes for sale in Burlington

For sale $760,000

1940 Ironstone Drive Unit# 304

Burlington, Ontario

1 Bedroom 2 Bathroom 802 sqft

Beautiful condo loft with 20 foot ceilngs in living room. Fantastic Burlington neighbourhood. One of very few loft units with 2 private outdoor spaces- oversize balcony on main floor (9.11'x9.11') approx. 100 s.f. and oversize terrace on 2nd floor (18.9'x10.8') approx. 200 s.f. Many common amenities including gym, party room, huge outdoor rooftop terrace with BBQs, visitor parking. One owned undergtound parking space plus convenient insuite laundry. No carpet, recently painted and decprated. Pets allowed. All appliances included. All sizes approx & irreg. (id:51158)
Homes for sale in Burlington

For sale $539,000

700 Dynes Road Unit# 1103

Burlington, Ontario

2 Bedroom 2 Bathroom 1106 sqft

Beautiful, spacious & sought-after 2 Bdrm condo in 'The Empress'! Fabulous convenient location! Walk to public transit, amenities/Burlington Centre/parks/schools/shopping/lake & more! Convenient HWY access & close to GO! Outstanding building amenities incl; 24 hr concierge/security, outdoor inground salt water pool, lovely bbq & patio area, upgr'd exercise/party/meeting rooms, library/media centre, bikes racks, car wash area, visitor parking! A plethora of upgrades incl: spacious eat-in kitchen boasting oak cabinetry, generous counterspace, ceramic tiled backsplash & floors, extra pantry, bright & spacious liv/dnrms w/laminate flrg, livrm accentuated by wood burning fireplace & oak mantle + access to lg 76 sq ft balcony w/ AMAZING southern exposure & lake views from 11th floor, in-suite laundry, large separate storage room (could double as home office), 2 generously sized bdrms w/ Pbdrm featuring upgr'd 2 pc ens & dbl closet, reno'd main bthrm! Pets allowed with restrictions. One underground pkg spot! Come be impressed with 'The Empress'! (id:51158)
Homes for sale in Burlington

For sale $489,000

2040 Cleaver Avenue Unit# 321

Burlington, Ontario

2 Bedroom 1 Bathroom 633 sqft

One of the Best Location's in this Complex w Ravine Forest Facing Top Floor Level overlooking lush trees in sought after Headon Forest community. Spacious open concept living room overlooking the trees/ravine w french door walkout to great size private balcony. Kitchen features new countertops functional amount of cabinets and a breakfast bar. Generous primary bedroom w double closet and a view of the ravine setting. Den would suit home office or 2nd bedroom. Updated 4 piece Bathroom. Great unit for a young family, downsizing or a couple. Ensuite laundry closet. One locker one underground parking spot. Carpet free. Elevator or stairs your choice! Excellent location for highway access minutes to GO Station 407 & QEW. Close to shopping restaurants, bike paths and walking trails. Lots of Visitors parking for your guests. (id:51158)
Homes for sale in Burlington

For sale $1,389,800

2054 Hunters Wood Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 2184 sqft

Stunning Premium Lot in Headon Forest * Hardwood Floors, Wainscotting, Pot lights, Updated Ceramic Floors, Granite Counters, Black Stainless Steel Appliances, Pendant Lights, Valence Lighting, Gas Fireplace, 3 Pc Esuite, Walk-In Closet, Wall To Wall Closets in 2nd and 3rd Bedroom, 4 Large Bedrooms, 4pc Main Bath- Jacuzzi Tub, Front Load Washer/Dryer, Fully Finished Basement, Large Recreation Room, Games Room, Office Space, Backyard Oasis, Multiple Sitting Areas, Pergola with Sun Shade, Salt Water Pool, New Privacy Fence 2023, Pool Liner - 2021, Heater, Sand Filter and Salt Cell - 2019, Pool pump - 2020, Backyard Stone and Epoxy Surround - 2022, Winter Pool Cover, Robot Pool Vacuum, No Neighbours Behind, Like Muskoka In The City. (id:51158)
Homes for sale in Burlington

For sale $1,595,000

2440 Auckland Drive

Burlington, Ontario

5 Bedroom 4 Bathroom 2397 sqft

Welcome to your smart home haven in The Orchard, one of Burlington’s most sought-after family neighborhoods. This meticulously maintained 5 bedroom, 4 bath gem combines comfort and convenience with state-of-the-art technology, letting you control your home with the press of a button. The kitchen, overlooking the backyard, features pot lights and a wine rack, perfect for meals and entertaining. It opens to the family room, with the living room separated by the dining room. The cozy living room, with a custom mantle, fireplace, and surround sound system, is ideal for relaxation and cinematic experiences. Upstairs, the bathrooms and bedrooms offer a modern look with California shutters, creating stylish retreats. The basement adds 905 square feet of finished space for entertaining or relaxation, featuring Wi-Fi-controlled lights and a custom TV credenza. Fitness enthusiasts will appreciate the dedicated workout room with rubber flooring, mirrors, and built-in shelves. Step outside to a private backyard retreat with a hot tub under the stars and a new cedar lean-to garden shed. Enjoy a tranquil setting with no rear neighbors. Many thoughtful updates have been made—please review the list to see all the enhancements that make this home exceptional. Step into this blend of luxury, technology, and comfort, and start envisioning your new life here today! (id:51158)
Homes for sale in Burlington

For sale $899,900

2439 Barclay Road

Burlington, Ontario

2 Bedroom 2 Bathroom 1154 sqft

Beautifully appointed and lovingly cared for 2 storey semi-detached family home in one of Burlington's most desirable neighbourhoods! Offering approximately 1200 square feet of comfortable living space, this home boasts 2 spacious bedrooms, 2 full bathrooms, and a bright, open-concept main floor perfect for entertaining. Entertain guests in your sleek eat in kitchen, ideal for a cooking enthusiast complete with stainless steel appliances and generous counter space. At the end of a long day you'll unwind in the luxury and comfort of your own home spa in the beautifully designed lux 5 piece bathroom with enclosed glass shower, soaker tub and double vanity. The fully finished basement features a cozy gas fireplace, ideal for relaxing or hosting guests. Step outside to your own private oasis to a massive backyard with a large patio, perfect for BBQs or quiet evenings outdoors. The backyard also includes a handy storage shed for your convenience. The single attached garage adds additional storage or parking options. Location is everything! With quick access to the 403, commuting is a breeze. Enjoy nearby amenities like Burlington Mall for shopping, dining, and fitness dubs. Spend weekends at Central Park, explore the YMCA, or relax in one of the many parks along the picturesque lakeshore. This home combines comfort, convenience, and community in a prime Burlington location. Do not miss out! (id:51158)
Homes for sale in Burlington

For sale $1,499,000

947 Easterbrook Avenue

Burlington, Ontario

4 Bedroom 3 Bathroom 1309 sqft

Beautifully appointed bungalow in sought after south Aldershot location offering over 2,600sq' of finished living space. All upgrades done in the past 5 years including, kitchen, bathrooms, windows, roof, furnace, AC & more. Open concept layout makes this home great for entertaining. Main floor features living room with large picture window offering loads of natural light. Kitchen w/quartz counters, island & breakfast bar, 2 bedrooms with custom built-in closets & 2 full bathrooms including 4-piece ensuite. Room for large dining table and loads of additional storage for kitchen accessories. Basement offers larger windows, laundry, 2 bedrooms, 3-piece bath & huge rec room with ample room for hosting large gatherings. Private backyard with deck, shed and beautiful perennial gardens. Extra deep detached garage with hydro. Just steps to the lake, LaSalle Park & Marina, RBG, Burlington Golf & CC and quick access to 403, 407 and Aldershot GO. Nothing to do but move in and enjoy everything this home has to offer. (id:51158)
Homes for sale in Burlington

For sale $1,299,900

5212 New Street

Burlington, Ontario

5 Bedroom 4 Bathroom

Location, Location, Location! South Burlington Detached Home Situated In A Highly Sought-After Family Neighborhood. Walk to Top Ranked Pineland Public School [179/2975]. Finished Basement with Separate Side Door Entrance. Awesome Lot with an Inground Pool & Fenced Backyard, Perfect for both Relaxation and Recreation. Host summer Barbecues, create a play area for children and pets, or simply enjoy the outdoors in peace and privacy, this backyard has the space and potential to accommodate your Dream Backyard Vision. Awesome Large Lot 71 Ft X 100 Ft Opportunity to Build New Custom Home. Explore the Amazing Restaurants, Bakeries, Cafes, Shops, and Entertainment options that Burlington's Downtown area has to offer. Whether its a date night, a family outing, or simply enjoying a weekend stroll, downtown Burlington is full of life and excitement. This Home is conveniently located. Walk to the Lake, Schools, Parks & Shops. Minutes to Appleby GO, QEW, 403, 407. Close to McMaster University, Joseph Brant Hospital, Malls, Bronte Provincial Park, Trails, Recreational Arenas. (id:51158)
Homes for sale in Burlington

For sale $915,900

2099 Chrisdon Road

Burlington, Ontario

2 Bedroom 3 Bathroom 1456 sqft

Welcome to this updated & upgraded Headon Forest Burlington FREEHOLD- no condo fee here! 2 bedrooms, 2.5 baths Townhome located in a quiet & mature neighborhood, close to wonderful schools parks & all amenities. 2 large beds include a huge Primary retreat with oversize ensuite, custom closets & doors. Main floor boasts a multi-functional Living room/dining room with vaulted ceiling, wide laminate wood flooring, modern galley style eat in kitchen, gas fireplace & walkout to entertainer’s private deck on a deep low maintenance fully fenced lot. Finished basement with ample storage provides another 650 of living space. A main level laundry & sunny front porch finish off this fantastic layout that has been abundantly updated inside and out! A wonderful opportunity for turnkey living w/NO condo fees, 3 car parking! (id:51158)
Homes for sale in Burlington

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