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$799,999

4122 Palermo Common

Burlington, Ontario

2 Bedrooms2 Bathrooms1350 sqft

Welcome to this beautiful 2-bedroom + den, 2-bathroom townhouse in the desirable South Burlington area, offering a spacious and open-concept layout perfect for modern living. The home opens into a versatile den, perfect for a home office or additional living area. The inviting main 2ndfloor features an open concept floor plan with a good size kitchen & Dining area that flows seamlessly into the living space, leading to a open balcony, ideal for relaxing or entertaining. Conveniently located close to Appleby GO station, bus stops, and Highway QEW for easy commuting, this home is also steps from grocery stores, parks, and other essential amenities. A fantastic opportunity to live in a prime area! (id:51158)

For Sale$2,149,000

6490 Panton Street

Burlington, Ontario

5 Bedrooms4 Bathrooms3953 sqft

If you love the soothing sounds of birds, rustling leaves & the serenity of nature this location is for you! Nestled on a quiet street in Kilbride. This expansive 66’ x 264’ property offers a private oasis complete with a patio, hot tub & a 600 sq ft outbuilding. (Outbuilding could be converted into a 2 car garage). This charming Cape Cod home boasts 3600 + sq ft of luxurious total living space. The main floor features a primary bedroom with a beautiful renovated spa-like ensuite & upstairs you’ll find 3 large bedrooms & a stylish 4 piece main bath. The main level renovated in 2023 with convenient mudroom/laundry area, 2 piece powder room & family room featuring vaulted ceilings, stone gas fireplace & an alcove filled with natural light creates a cozy nook. Updated white kitchen complete with quartz countertops, stainless steel appliances & spacious eating area opens to a private patio with a hot tub. The newly finished lower level in 2022 features a recreation room, bedroom, den & 3 piece bath. Plenty of storage & excellent in-law suite potential makes this space is functional & versatile. You can’t beat this location! Just steps from Kilbride Public School, parks & scenic trails, with skiing at Glen Eden nearby and golf courses. Highway access to Toronto, Burlington & Hamilton for ultimate convenience. Propane tank is owned. Ready to elevate your lifestyle? This home is perfect for a growing family that loves outdoor living. Schedule your private showing today and make this dream home yours! (id:51158)

For Sale$659,000

320 Plains Road E Unit# 211

Burlington, Ontario

1 Bedrooms1 Bathrooms764 sqft

The Impressive Floor To Ceiling And Wall To Wall Windows In This Exquisite Corner Unit Condo, Help To Make It Stand Out Amongst The Rest In This Superior Low Rise Building. Features In This Bright And Open Home Include 9 Ft Ceilings, Welcoming Foyer With Ample Coat And Boot Storage, Wide Plank Hand Scraped Durable Laminate Flooring, Quartz Countertops And Glass Backsplash In The Kitchen, Imported Porcelain Tile In The Bathroom, Ensuite Privileges, High End Roller Blinds Throughout With Black Out Blinds In The Bedroom, Access To The Spacious Balcony From Both The Living Room And Bedroom. Built By Reputable Rosehaven Homes And Completed In 2020. Exceptional Amenities Include A Gym, Yoga Studio, Business Centre, Party Room And Roof Top Terrace With Barbecues, Gardens And Fire Pit, Lots Of Visitor Parking, Bike Storage And Outdoor Dog Walking Area. Walk To Aldershot GO, Shopping, Coffee Shops, Parks, RBG And More. (id:51158)

For Sale$699,900

320 Plains Road E Unit# 312

Burlington, Ontario

2 Bedrooms2 Bathrooms900 sqft

Highly desirable Rosehaven Affinity conveniently located in trendy Aldershot close to restaurants, shops, public transportation and GO Station. 900 sq ft, 2 bedroom 2 bathroom locker on same level. Open concept Great Room, customized kitchen, Stainless Stove, Fridge , microwave, over counter lighting, centre island, Corian countertops. Graciously finished with all the right touches. Very friendly professional building with executive level features in lobby & lounge. Amenities include rooftop furnished terrace 2 BBQ's & Fireplace, Yoga, billiards, party room & professional gym. Tres Chic for today's young professionals with a busy lifestyle and active retiree's. Pet friendly with limitations. (id:51158)

For Sale$880,000

540 Guelph Line Unit# 4

Burlington, Ontario

3 Bedrooms3 Bathrooms1376 sqft

Welcome home to Unit #4-504 Guelph Line! This inviting townhome is designed for family comfort in an ideal location. The main floor showcases a stylishly renovated kitchen, gleaming hardwood floors, a spacious living and dining area, and a convenient powder room. Upstairs, you'll find a full bathroom and three generous bedrooms with ample closet space. The finished basement enhances the home with an additional bathroom, cozy family room, gas furnace heating, and a full laundry suite. The property also features a single-car garage and a private driveway, plus a new roof, driveway, and fence for added peace of mind. Located adjacent to serene Central Park, enjoy easy access to playgrounds, hiking trails, public transit, and shopping. This home is perfect for families and first-time buyers alike—schedule your showing today! (id:51158)

For Sale$1,399,000

578 Catherine Street

Burlington, Ontario

3 Bedrooms3 Bathrooms1513.84 sqft

Nestled on a quiet court in close proximity to the downtown core, is this enchanting 3 plus 1 bedroom bungalow. This lovely home offers a functional, bright kitchen with an island open to a cozy family room with fireplace. Just off of the kitchen is a comfy nook which serves as a sitting room/office. A recent renovation reveals a sanctuary for a primary retreat with spa-like ensuite and walk out to an incredible backyard. The gorgeous lower level boasts a recreation room, additional bedroom, 3 piece bath and laundry room. Loads of storage is an added bonus. Enjoy entertaining family and friends in this private yard with an in-ground salt water pool. Relax in the pavilion with a morning coffee or evening glass of wine in the inviting pavilion. This meticulous dwelling and property have been exceptionally maintained. Nothing to do but move in. Let's get you home to one of Burlington’s most desirable family neighbourhoods! (id:51158)

For Sale$2,499,000

974 North Shore Boulevard W

Burlington, Ontario

5 Bedrooms6 Bathrooms3024.87 sqft

Discover Unparalleled Luxury In This Exquisite, Custom-built Home Nestled In The Prestigious Lasalle Neighbourhood Of Burlington, Mere Steps From The Tranquil Shores Of Lake Ontario. Every Detail Of This Property Exudes Opulence And Sophistication, Meticulously Crafted With The Highest Standards Of Luxury Living. Enhanced By Extensive Millwork And Grand Oversized Windows, The Home Radiates Elegance And Charm Throughout Its Spacious Rooms, Graced By 9-foot Ceilings On Both The Main And Second Floors. The Gourmet Kitchen Is A Masterpiece, Boasting Top-of-the-line Panel Appliances And A Convenient Walk-in Pantry, Tailored For Culinary Aficionados. Upstairs, Four Expansive Bedrooms Offer Bespoke Walk-in Closets And Private Bathrooms, Featuring Sleek Glass Showers And Indulgent Soaking Tubs. The Lower Level Extends The Home's Allure With A Plush Bedroom, Versatile Den, Full 4-piece Bathroom, Dedicated Gym Area, And A Dynamic Recreation Room. Outside, The Enchanting Outdoor Living Space Is Designed For Entertainment And Relaxation, Showcasing A Napoleon Barbecue (Included In The Sale) And An Inviting Pioneer Pool Surrounded By Contemporary Landscaping, A Newly Installed Fence, And Lush Greenery. Positioned Ideally Near Lake Ontario, Parks, Scenic Trails, The Marina, Downtown Burlington, Upscale Shopping Districts, Renowned Schools, And Convenient Access To The Go Train, This Property Offers A Rare Opportunity For Discerning Buyers Seeking Unparalleled Luxury Living In Burlington. (id:51158)

For Sale$1,099,900

1452 Augustine Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1125 sqft

Nestled on a picturesque, tree-lined street, this charming 3-bedroom, 2-bath home offers both comfort and style, enhanced by a spacious backyard. The bright, eat-in kitchen features stainless steel appliances, gleaming granite countertops, pot lights, and a large window with peaceful backyard views. Recent updates include brand-new flooring throughout all three levels, including the staircases, new light fixtures, and freshly painted throughout. The finished lower level includes a three-piece bath, while both upper-level bedrooms offer generous walk-in closets. Outside, the beautiful deck provides the perfect spot for relaxation or entertaining, and the powered shed is ideal for a workshop. Conveniently located near schools, parks, shopping, dining, and other amenities, this home blends convenience and charm perfectly. (id:51158)

For Sale$1,699,900

5129 Mount Nemo Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms2441 sqft

Discover this fabulous 4-level backsplit, a true gem nestled on a tranquil crescent in North Burlington. From the moment you step inside, you'll be greeted by a warm and cozy atmosphere, making this house feel like home. Boasting 4 spacious bedrooms, 3 bathrooms, and a bright, open-concept layout perfect for family living. Featuring a beautiful eat-in kitchen with a walk-in pantry, a family room with a cozy fireplace, and a primary bedroom retreat with a 4-piece ensuite and walk-in closet. The basement contains a recreation room, 4th bedroom, and a separate entrance to the backyard. This property is beautifully landscaped, with stunning natural stone walkways, lush gardens, and a wrap-around porch creating a serene outdoor space to unwind. A bonus 711sqft coach house located at the back of the property would be perfect for a home-based business, theater room, gym, or creative studio. The possibilities are endless! Updates include: 3-piece bathroom (2024), boiler (2024), lower level custom built-in closets (2024), fridge & microwave (2024), kitchen renovation (2022), stove (2022), new well pump (2022), new well tank (2022), new septic pump (2022). (id:51158)

For Sale$1,300,000

360 Guelph Line

Burlington, Ontario

4 Bedrooms2 Bathrooms1312 sqft

Well maintained house on a 60 foot lot. Separate side entrance to partially finished basement. Main transportation artery. Designated HIGH DENSITY RESIDENTIAL with a holding provision. Ideal buy and hold investiment opportunity in south central Burlington. (id:51158)

For Sale$350,000

100 Burloak Drive Unit# 2510

Burlington, Ontario

1 Bedrooms1 Bathrooms682 sqft

Welcome to Hearthstone By The Lake, where comfort meets convenience in a vibrant community. This 1-bed condo unit offers a blend of comfort, style, & endless amenities for those seeking an exceptional living experience. Step inside this bright & cheery unit, boasting tall ceilings with an airy atmosphere. Prefer independent living or desire to indulge in the array of services available? Hearthstone By The Lake has something for everyone. Immerse yourself in a world of possibilities, as you enjoy exclusive access to a range of exceptional facilities. Maintain an active and healthy lifestyle with the fully equipped gym, indoor pool, & a variety of exercise programs tailored to your needs. Unwind & socialize in the elegant dining room, where your club fee covers a credit towards delectable meals prepared by a talented culinary team. Experience peace of mind knowing that the 24/7 emergency nursing services are just a call away. The dedicated wellness center provides a holistic approach to your wellbeing, ensuring that you have access to the care & support you need. Convenience is key at Hearthstone By The Lake, you’ll have access to one underground parking space and a locker, ensuring that your belongings are secure and easily accessible. The club fee encompasses a range of additional services, including housekeeping, emergency call system, & access to a wealth of engaging activities. Embrace a maintenance-free lifestyle as you explore the numerous amenities & social opportunities available within a vibrant community. At Hearthstone By The Lake, your home will be more than just a place to live – it could be a sanctuary that offers comfort, convenience, and a sense of belonging. Discover the unparalleled luxury and convenience that awaits you in this exceptional condo within this vibrant community. Don't miss out on the chance to enjoy the abundant offerings of Hearthstone By The Lake. Schedule a viewing today and embark on a new chapter of relaxed and enriching living. (id:51158)

For SaleOPEN HOUSE$1,059,000

1054 Shepherd's Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1716 sqft

Welcome to 1054 Shepherd’s Drive in Burlington’s sought-after Aldershot South. This 1716 sq. ft. bungalow plus addition offers 3 beds & 3-bath and is the perfect blend of comfort & convenience. Situated on a quiet, family-friendly street, it’s just steps from parks, schools & scenic trails. A thoughtful addition expands the home, featuring a spacious family room with a wood-burning fireplace & walkout to a large deck overlooking a large, private backyard. The primary suite boasts an ensuite & walk-in closet. With an eat-in kitchen, separate dining room, games & exercise room, two staircases & plenty of storage, this home is ideal for growing families. Furnace and Air Conditioner (2019) (id:51158)