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$1,799,900

570 Harmony Avenue

Burlington, Ontario

5 Bedrooms3 Bathrooms3199 sqft

Welcome to this spacious 4+1 bedroom Kastelic built home, with over 3000 sq ft of living space! Nestled in a quiet family friendly street, this home offers a perfect blend of comfort and modern updates. The main floor has hardwood flooring, enhancing the home’s warm and inviting atmosphere. The updated kitchen is a standout feature, complete with sleek granite countertops, ample storage, and a convenient pantry—ideal for all your culinary needs. Main floor is continuous with a family room with brick fireplace, living/dining room & mudroom with outside and garage access! Upstairs, you’ll find generously sized bedrooms, including a master suite with plenty of natural light and large ensuite. Both bathrooms & powder room have been tastefully renovated, providing a fresh, contemporary feel. The fully finished large basement adds additional living space, office space, bedroom and offers a rough-in for a bathroom, giving you the potential to customize it to your needs. Set on a large, pie-shaped lot, the outdoor area is equally impressive, with a deck, hot tub, and a charming pergola—perfect for entertaining or relaxing in privacy. This home is an exceptional opportunity, combining modern amenities with an inviting, spacious layout. (id:51158)

For SaleOPEN HOUSE$1,425,000

295 Plains Road W

Burlington, Ontario

5 Bedrooms4 Bathrooms2591 sqft

Nestled in the heart of one of Burlington's most sought-after neighborhoods, this exquisite century-old Tudor-style home exudes timeless charm and sophistication. Situated on an impressive 50 x 177-foot principal lot, this architectural masterpiece seamlessly blends historic elegance with modern amenities. Step inside to discover beautifully preserved original details, including intricate woodwork, leaded glass windows, and original floor inlays. The spacious interior boasts grand living and dining areas, a chef's kitchen, and light-filled rooms that open onto meticulously landscaped gardens, offering a private oasis perfect for relaxation and entertaining. A rare opportunity to own a piece of Burlington's rich heritage. The flexible floorplan is very mindful of investors and families alike. (id:51158)

For Sale$2,349,000

5071 Spruce Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms2744 sqft

Just steps from the lake, this custom designed home by architect Giorgio Frasca, located in South Burlington blends modern elegance with timeless charm, nestled on an extra deep ravine lot that backs onto the serene Appleby Creek. Offering both tranquility and convenience, this property is ideal for those who desire a peaceful retreat close to city amenities. As you step inside, you're greeted by a grand open-to-above entryway, creating a bright and welcoming atmosphere. The home features clean lines and sophisticated finishes throughout, showcasing the meticulous attention to detail and craftsmanship. The main level is highlighted by a chef’s dream kitchen, complete with high-end appliances and quartz countertops, making it the perfect space for both entertaining and everyday living. The seamless transition to the stunning private exterior offers a cottage-like experience, ideal for relaxing or hosting guests. Upstairs, three well-appointed bedrooms provide comfort and style. The master suite serves as a luxurious sanctuary, featuring two large windows with views of the beautiful ravine lot, a wall-to-wall closet, an additional walk-in closet, and an ensuite bathroom designed for ultimate relaxation. The two additional bedrooms overlook the main living area and share a convenient Jack and Jill bathroom. The fully finished lower level adds even more versatility to the home, featuring a spacious family room with large windows and a gas fireplace, a full bathroom, a laundry room with a separate entrance to the yard, and ample storage space. The size and layout work perfectly for either a single-family or multi-generational family, offering flexibility and room for everyone. Located close to the lake, shopping, and restaurants, this unique home offers the best of both worlds—a serene setting with easy access to everything you need. (id:51158)

For Sale$1,399,000

957 Sanford Drive

Burlington, Ontario

2 Bedrooms2 Bathrooms2482 sqft

Pride of ownership shows in this spacious & unique brick bungalow that has been completely redesigned and rebuilt for the empty-nester lifestyle! The main level features gleaming hardwood & a large, open-concept dining room & living room w/ potlights, coved ceiling & gas fireplace. The TV den has a hide-away desk and is easily converted to a 3rd bedroom. The custom-designed kitchen has stainless steel appliances including a gas stove, built-in overhead microwave, solid oak cabinets and glass tile backsplash. The primary bedroom has a fully lit wall-to-wall closet and stacked washer/dryer right where it should be. The main bath is modern and tasteful with a large, glass-enclosed w/i shower and glass sink. A beautiful great-room addition (2008) features soaring, 15-foot ceilings and overlooks the inground, saltwater pool. The yard is beautifully landscaped w/ perennials, interlock patio, and outdoor kitchen w/ fridge & natural gas cooking with a retractable awning overhead. The basement would be a great inlaw suite or teen retreat, and has a full bathroom, kitchenette, bedroom and large recroom, as well as storage & utility rooms. The detached garage is fully-powered and big enough for both a car and small workshop. Other highlights include: soffett lighting, gutter guards, modernized front porch, pool heater 2022, yard drain, inground sprinkler system, 2 gas fireplaces, updated wiring and breaker panel, laundry on main, gas dryer, central vac, cold cellar, furnace and AC 202 (id:51158)

For Sale$1,899,900

308 Appleby Line

Burlington, Ontario

3 Bedrooms4 Bathrooms2945 sqft

Exceptional home! This custom-built home is only 2 years new and sits in the highly sought-after Shoreacres neighbourhood. This 2-storey home is 3+1 bedrooms, 3.5 bathrooms and is approximately 2250 square feet plus a fully finished lower level! The main floor consists of a roomy foyer which opens to a large formal dining room with coffered ceilings that is connected to the kitchen by a servery. The gourmet kitchen has a large island, stainless steel appliances, quartz counters, stunning white custom cabinetry and a beautiful backsplash. The kitchen opens to a spacious family room with a soaring 2-storey ceiling, a gas fireplace with feature wall and backyard access. There is also a powder room and functional mud-room with garage access! The second floor of the home includes 3 spacious bedrooms including the primary with a large walk-in closet and spa-like 4-piece ensuite. The 5-piece main bath includes access to both bedrooms and has dual sinks. There is also bedroom level laundry! The lower level includes a 4th bedroom, rec room, 3-piece bath, wet bar and plenty of storage! The exterior of the home includes a 4-car driveway, irrigation system, beautiful curb appeal and a large private backyard. A FEW of the features of this incredible home include: wide-plank engineered flooring on the main and upper levels, 9 ft smooth ceilings with pot lights throughout. (id:51158)

For Sale$4,998,000

136 Avondale Court

Burlington, Ontario

5 Bedrooms5 Bathrooms4038 sqft

Experience modern elegance in this stunning home, with over 5900 square feet of living space, located just steps from the lake on one of Burlington’s most prestigious streets. Offering 4+1 bedrooms, including two luxurious primary suites, and 5 bathrooms, this home is thoughtfully designed for both comfort and style. The gourmet kitchen features sleek stainless-steel cabinetry, a Wolf 8-burner stove with double ovens, and a spacious island, perfect for culinary enthusiasts and entertaining. Floor-to-ceiling windows fill the home with natural light, highlighting the rich hardwood flooring throughout. Upstairs, enjoy an expansive terrace with breathtaking lake views—a serene space for morning coffee and incredible sunrises. The lower level is a fully self-contained suite, complete with a kitchen, sitting area, recreation and games space, dining area, a bedroom, and a bathroom, making it ideal for guests or multi-generational living. The fully fenced backyard is a true oasis, featuring a saltwater pool, hot tub, BBQ area, and a cozy sitting area with a fireplace, perfect for outdoor gatherings or quiet relaxation. This exceptional property blends luxurious living, outstanding views, and a coveted location. (id:51158)

For Sale$524,900

2093 Fairview Street Unit# 408

Burlington, Ontario

1 Bedrooms1 Bathrooms560 sqft

Discover the highly sought-after Paradigm Towers! This stunning 1-bedroom unit boasts an open-concept design with 9-foot ceilings, a modern upgraded kitchen with quartz countertops, and a spacious contemporary bathroom. Situated on the 4th floor, this unique unit is one of only four in the entire complex that offers direct access to the outdoor terrace from its oversized balcony. Enjoy state-of-the-art amenities including a Sky Lounge, rooftop deck, outdoor BBQ terrace with tables and lounge seating, an indoor pool and sauna, a media room, an outdoor exercise course, a basketball court, guest suites, a games room, a pet washing station, main floor bicycle storage, and 24-hour concierge and security services. Perfectly positioned just minutes from Burlington's downtown waterfront, this location provides easy access to the GO Train Station, a variety of restaurants and cafes, Spencer Smith Park, and major highways QEW, 403, and 407. You'll also find all essential amenities nearby, including hospitals, shopping centers, schools, and parks. Don’t miss this opportunity to live in one of Burlington’s premier residences! (id:51158)

For SaleOPEN HOUSE$1,199,900

4290 Longmoor Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1305 sqft

Highly desirable south-east Burlington location. Well maintained family home boasts, enlarged foyer, spacious updated kitchen with sunny eat-in dining area addition and sliding doors leading to a 2 tiered deck and private yard, living room and dining room with hardwood floors and California shutters, primary bedroom has triple closets and ensuite privilege, lower level features large family room with gas fireplace, 4th bedroom , and 3 piece bathroom. Close to GO station, hwy access, library , shopping, schools, and amenities. (id:51158)

For Sale$1,275,000

1477 Lakeshore Road Unit# 304

Burlington, Ontario

2 Bedrooms2 Bathrooms1407 sqft

Welcome to Bunton's Wharf, an elegant lakeside retreat in the heart of downtown Burlington. This stunning condo offers breathtaking lake views from a spacious balcony and features two generously sized bedrooms and two beautifully appointed bathrooms. Designed for both style and comfort, it boasts 9 ft ceilings, LED pot lights, and rich maple/hand-scraped engineered flooring. The gourmet kitchen is a culinary masterpiece, equipped with high-end Fisher & Paykel appliances, a sleek two-drawer dishwasher, granite countertops with a breakfast bar, and an oversized walk-in pantry with the in-suite washer and dryer. Both bedrooms provide walk-in closets and bay windows, perfectly framing the serene lake vistas. The open dining and living areas exude sophistication, enhanced by crown moulding and an exquisite Swarovski crystal chandelier ideal for entertaining or unwinding. Exclusive building amenities include two fitness centres with a golf simulator, a rooftop heated pool with a terrace and BBQ area, and a resident laundry facility. This unit includes underground parking and a same-floor locker. Two pets, up to 20 lbs each, are welcome to share your luxurious lifestyle. Located just steps from Spencer Smith Park, waterfront trails, fine dining, boutique shopping, and Joseph Brant Hospital, this condo offers seamless access to the QEW, 407, and GO Transit. With its unrivalled elegance and prime location, this home offers the perfect blend of luxury and convenience. (id:51158)

For Sale$689,990

340 Plains Road E Unit# 411

Burlington, Ontario

2 Bedrooms2 Bathrooms894 sqft

Experience peaceful living in the vibrant Aldershot community with Unit 411 in the highly sought after Affinity Condos by Rosehaven! This 2 bed 2 bath unit features 2 underground parking spots (tandem) and storage locker located on the same level. The large second bedroom and ample living space is perfect for a new family or working professional looking to upgrade their home office. Conveniently located just minutes from Aldershot GO Station, Highway 403, Mapleview Mall, schools, Spencer Smith Park, and a wide variety of dining and entertainment options, this condo is the perfect blend of comfort and convenience. Amenities include rooftop patio, gym, meeting room, party room and plenty of visitor parking. Book your private showing now! Virtually Staged. (id:51158)

For Sale$1,299,900

2031 Headon Forest Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms3024 sqft

Welcome to this 4 bedroom, 3.5 bath family home, conveniently located steps from trails and within walking distance to shopping, parks, schools & transit. Freshly painted with newer flooring and light fixtures on all 3 levels. Main level is complete with eat-in kitchen, living/dining room combo, separate family room with wood burning fireplace and sliding door to yard, powder and laundry rooms. The basement offers extra living space, is fully finished and features a wood burning fireplace and 3 piece bath. Rear yard is fully fenced for privacy and boasts an in-ground salt water pool. Double garage and double drive. HVac & Roof updated (id:51158)

For Sale$1,789,900

622 Woodland Avenue

Burlington, Ontario

3 Bedrooms3 Bathrooms1807 sqft

Downtown Beauty. Renovated 2 Storey home inside and out. 3 bedrooms. 3 bathrooms. Open concept Liv/Din/Kitch. Kitchen with island and ample cupboard space. Livingroom with gas fireplace and built in surrounds. Bright dining room with Bay Window. Foyer. Engineered wood floors through out. Finished recreation room. Front and rear covered porches. Oversized detached garage. Professionally landscaped yard. Walk to 'Downtown shopping and restaurants. Minutes to highways. (id:51158)