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$1,498,900

504 Geranium Lane

Burlington, Ontario

4 Bedrooms3 Bathrooms2524 sqft

Nestled in the heart of Aldershot Central, 504 Geranium Lane offers a serene retreat amidst nature's trails. This two-storey residence spans 2,524 square feet, boasting 4 bedrooms and 3 bathrooms, perfectly suited for comfortable family living. As you step into the foyer, be greeted by soaring ceilings, setting the tone for the inviting atmosphere that permeates throughout. The main floor unfolds into an open-concept layout, thoughtfully designed for entertaining and family gatherings. Each room is generously proportioned, allowing for a seamless flow from one space to another. The bright eat-in kitchen serves as the heart of the home, featuring modern appliances and convenient access to the professionally landscaped backyard—a tranquil oasis where you can unwind amidst lush greenery. Descend to the basement, where entertainment awaits. A theatre room beckons with its retractable screen and ample space, perfect for hosting movie nights or cheering on your favorite team during game day parties. Whether you're seeking relaxation or recreation, this versatile space accommodates all your entertainment needs. Beyond its exquisite interior features, 504 Geranium Lane benefits from its prime location. Surrounded by nature trails, parks, and recreational amenities, you'll enjoy a lifestyle that seamlessly blends tranquility with convenience. With easy access to local schools, shopping, and dining destinations, every convenience is within reach. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$2,249,000

5427 Anthony Place

Burlington, Ontario

4 Bedrooms4 Bathrooms2472 sqft

Click More Photos for Matterport. This stunning custom-built (2023) net-zero ready home is offered at a price comparable to a basic code-built home, offering luxurious family-friendly living, with the utmost in function, comfort & energy efficiency. 2023:1st storey & 2nd storey. House is fortified with 14” approx. walls for superior insulation, built on existing foundation (1958) with full basement update (2023). White oak hardwood floors, w/master carpenter built focal walls/ceiling. Exterior: Maibec wood siding, clear cedar & stucco. Truly unique high-performance home is built using principles of the Passive House standard. Rheem hot water heat pump, Daiken air source heat pump, Hero-HRV, triple glazed windows, EV charger. Installation of solar could take the home to net-zero energy (reducing electrical bill). Sq ft: 2472 above grade, 1186 below (3658 gross). Main floor office, 3 large baths w/heated floors & large main floor powder rm. Upstairs: den/storage/play rm. Ceilings just under 9 feet. Oversized double & barn door closets. Kitchen: quartz counters, with 36” sink & Thermador appliances. Lower level: Oak wine cellar w/tasting table. Media rm w/16 speakers (basement & main floor). Wet bar/beverage center. Sound resistant bedroom/music rm. Upstairs laundry area w/ 9'6 counter for folding. Great room: eating & living area off kitchen. Mudroom w/double closets. Driveway paved ’23. Stone patio 23’9 x 16’10. Fully fenced (mostly double sided) Some rm sizes irreg. (id:51158)

For Sale$1,299,900

5212 New Street

Burlington, Ontario

5 Bedrooms4 Bathrooms

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)

For Sale$1,795,000

3339 Moses Way

Burlington, Ontario

5 Bedrooms5 Bathrooms2818 sqft

Welcome to Alton Village – A Stunning 2-Storey Luxury Home located in a highly desirable neighborhood! This gorgeous all-brick and stone detached home offers + 4,000 sq ft of luxurious living space (2,818 sq ft above grade, as per builder's drawings). With 4+1 bedrooms and 4.5 baths, including 3 full baths on the second floor. The main level features hardwood flooring, LED pot lights, and soaring 9ft ceilings. The living room is warmed by a gas fireplace and built-in speakers, perfect for cozy nights in. The kitchen is a chef’s dream, offering plenty of cabinets, stainless steel appliances, high-end finishes, a stone countertop, and an open-concept breakfast area with a kitchen island. The primary bedroom boasts a spacious double door entry, a large walk-in closet with a custom organizer, and a modern 5-piece ensuite with a bath tub, a walk-in shower, and a double vanity sink. A second bedroom features hardwood flooring, a 4-piece ensuite, and a custom closet organizer. The third and fourth bedrooms have access to the main 4-piece bath. The fully finished basement is an entertainer’s delight, with a spacious rec room and a bar, a 5th bedroom with a custom closet organizer and walk-in closet, a 4-piece bath with a standing shower, and an additional den. Outside, enjoy the convenience of a double car garage, a stamped concreate from the main entrance to the back yard. A prime location close to top-rated schools, amenities, scenic trails, lakes, and ponds. (id:51158)

For Sale$1,849,999

313 Silvana Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms1362 sqft

STUNNING CONTEMPORARY REMODEL! 4 level sidesplit in the revered Shoreacres neighbourhood! 3+1 bedrm, 2.5 bathrm, over 2600 sq ft of living space & is filled top to bottom with magnificent details. Open concept living space, gorgeous reconstructed vaulted ceiling, a sophisticated kitchen offers incredible attributes, large kitchen island, solid quartz countertop, floor to ceiling storage, smart tap & top of the line appliances. Main floor is complete with a modern gas fireplace, 4 skylights, a dining area & mudrm. Solid oak stairs lead up to the upper level feat. 3 spacious bedrms each with hardwood floors that have been sanded & restrained to match the main level. 5-piece bathroom with a rain shower head, double vanity, spa-like tub, & heated towel rack. The details continue to the lower 2 levels with a fully finished rec room with a walk-up, a cozy wood burning fireplace, spacious laundry room with an imported Italian sink. The compact powder room makes a big design impact with a unique curved wall & heated tile flooring. Another spa-like 3-piece bathrm with another rain shower head & accent lighting. The 4th bedrm has a large window & frosted glass window to open the space up. Industrial wine cellar has a floor to ceiling glass door for temperature control & an abundance of racks & shelving. Sitting on a desirable corner lot on a very quiet crescent with a stone interlock front patio. Located minutes from all amenities, communities centres, parks, schools & major highways. (id:51158)

For Sale$535,000

1270 Maple Crossing Boulevard Unit# 603

Burlington, Ontario

2 Bedrooms2 Bathrooms970 sqft

Two bedroom condo for sale at The Palace in the Burlington core. This condo offers an open, bright layout and lots of space. Both bedrooms have access to the sunroom which would make a great computer niche. Well thought out updates including ceramic flooring, quality laminate, paint, baseboards and closet doors. The Palace has one of the most impressive lists of on site amenities including cardio and weight room, squash, tennis and racquetball court, bike storage, outdoor pool, ping pong, saunas and suntanning bed! Controlled entry and onsite concierge as well as plenty of visitor parking. Enjoy a true walkable neighbourhood! Just minutes to downtown Burlington with easy access to fine restaurants, boutiques and Burlington's waterfront trail. Public library and Performing Art Centre nearby. Wonderful area trails to support an active lifestyle. Convenient proximity to major highways, GO Station, and Mapleview Mall. Pet-free building. (id:51158)

For Sale$3,495,000

868 Danforth Place

Burlington, Ontario

5 Bedrooms4 Bathrooms3724 sqft

Welcome to executive lakefront living in south Burlington, the ultimate Muskoka in the city lifestyle! With unobstructed lake views, this California style hillside hideaway offers an impressive 227' deep, almost 1/2 acre lot, with 130 FEET of waterfront. Launch your kayak from your private dock, and watch the sunrise from the hot tub. This stunning, modern, fully renovated home, is your luxurious cottage in the city. 3724 sq. ft. on 3 levels, all with walk-outs in this incredible, unique property built into a hillside. The interior offers an open plan main level with Scandinavian style kitchen, living area with fireplace, dining area with breathtaking views, a bedroom and 3-piece bath. The middle level offers 3 more bedrooms including the primary with glamorous en suite, a 3rd bath, laundry room & dog wash! The lower level is a fantastic lounging space with rec room, fireplace, kitchen, fully equipped gym, and 5th bedroom with en suite. WATCH THE VIDEO & 3D TOUR! Pure peace and tranquility, but just minutes to endless amenities: shopping, restaurants, LaSalle Park, Burlington Golf Club, downtown Burlington & the beach, RBG & conservation areas, GO train & highway access. (id:51158)

For Sale$429,900

100 Burloak Drive Unit# 1308

Burlington, Ontario

1 Bedrooms1 Bathrooms795 sqft

Retire in Style steps from Lake Ontario! Freshly painted one bedroom and den unit at Hearthstone by the Lake. Live independently or make use of the numerous amenities available to residents like Wellness Centre, Gym, Dining Room, library, lounge, housekeeping, indoor pool, 24/7 emergency nursing, handyman services, etc. Steps to Lake Ontario and located on the Burlington/Oakville border each unit comes with one underground parking space and a storage locker. Heating, air conditioning, and water is included in condo fees. Note: Club fee of $1672.45 payable monthly in addition to the condo fee. (id:51158)

For Sale$509,900

1276 Maple Crossing Boulevard Unit# 310

Burlington, Ontario

1 Bedrooms1 Bathrooms718 sqft

Welcome home to the Grande Regency! This exceptional condo community offers convenience and security all in one package just 3 blocks from the waterfront. Beyond the gated entrance you'll find a well-maintained building with lovely grounds, an on-site superintendent, 24-hour security & loads of amenities for you to enjoy. In the summer take advantage of BBQ's, the outdoor pool, tennis courts & rooftop terrace. Capitalize on the many amenity spaces including a recreation centre with exercise room, sauna, squash courts, party room with kitchen, hobby room, additional laundry facilities & guest suites. Top it all off with two lounges with libraries & a view over the city. This cozy one-bedroom suite has an east facing view overlooking the walking trail that meanders downtown. Enjoy the view while you work from home in the sunroom or create a relaxing space to unwind with a good book. Wall-to-wall windows allow in loads of natural light & create a bright, airy living space. The primary bedroom provides ample space for your furnishings & is complete with a walk-through closet with built-ins to maximize your storage, & leads you to the ensuite bath, which is complete with a separate tub & shower. The unit is accompanied by a storage locker & one underground parking space & your monthly condo fee covers your utilities as well as a premium cable TV & internet package complete with movie channels & Crave. Don't miss your opportunity to get in to this fantastic community. (id:51158)

For Sale$1,229,000

2946 Singleton Common

Burlington, Ontario

2 Bedrooms3 Bathrooms2223 sqft

Welcome to this magnificent freehold raised bungalow, backing onto tranquil green space! Featuring 2 bedrooms and 3 full bathrooms within approximately 2223 square feet of above-grade 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$7,350,000

347 East Hart Crescent

Burlington, Ontario

4 Bedrooms6 Bathrooms6950 sqft

Welcome to Casa Blanca. One of the most iconic homes in the highly desired community of Roseland is being offered to its next stewards for the first time. Truly the height of character, thoughtful design, pride and tranquility. Upon entering the property, you are transcended into a sanctuary of immaculate gardens while the character and thoughtful design of the residence leaves you in awe and anticipation of what’s to come. Upon entering one of the three front access points to the home, you are greeted by almost 7,000 sq ft of the highest level of finishing’s. Each room throughout tells its own story and has its own features and designs. From the front sitting room with its large windows and original exposed red brick wall, to the expansive kitchen with chefs-quality features and appliances. Every room has entertaining in mind while maintaining the feel of a family focused home. The 2nd level hosts 3 beds while the 3rd level loft can serve as a getaway for teens or a 4th bedroom. The primary bedroom offers its occupants their own getaway with a private roof top terrace overlooking the immaculate front gardens. A separate stairway leads you to the elevated west wing retreat that features a billiards area, sitting nook, 3 pc bath and a large Muskoka room with wet bar that overlooks the rear and front gardens. Upon entering the rear yard, you are greeted with a large covered patio with multiple seating and dining areas that overlook the magazine worthy property. A saltwater pool with cascading waterfalls, fire bowls, hot tub and splash deck will take your breath away. The separate covered patio area with room for a large seating area and dining table, separate commercial grade wet bar with roll up garage door and a cedar lined sauna make this backyard a true resort like escape where you can spend all day soaking up the sun in full privacy. This is a rare offering and the epitome of Roseland living. Don’t miss your opportunity to make this iconic property, your own. (id:51158)

For Sale$2,199,000

306 Oakwood Court

Burlington, Ontario

5 Bedrooms4 Bathrooms2200 sqft

Gorgeous 2-storey family home with several updates in highly sought after Roseland neighbourhood! This meticulously maintained 4+1 bedroom, 3.5 bathroom has a fully finished basement with walk-up to garage. Nestled on a quiet court with a covered front porch, just steps to John T. Tuck elementary school. Beautifully landscaped backyard oasis with a heated inground pool, pond, gas fire pit and built-in BBQ surround. Floor plan in supplements. Attach Schedule B. (id:51158)