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 $579,900

2010 Cleaver Avenue Unit# 211

Burlington, Ontario

2 Bedroom 1 Bathroom 1002 sqft

Bright and spacious 2 bedroom condo in sought after Forest Chase complex in Headon Forest with 2 exclusive underground parking spaces close to shopping, restaurants, schools, parks, 407 ETR & QEW. Open concept living & dining room combination boasts breakfast bar & glass doors to private balcony. Unit has been recently updated with vinyl flooring all throughout. Newly updated kitchen with quartz counter and new stainless steel appliances. Large master bedroom features a walk-in closet and a second large bedroom features a bay window. In suite laundry conveniently located in closet of 4-piece bathroom with brand new washer & dryer plus separate shower & soaker tub. (id:51158)
Homes for sale in Burlington

For sale $849,000

5188 Lakeshore Road Unit# 208

Burlington, Ontario

1 Bedroom 2 Bathroom 1230 sqft

Welcome to 5188 Lakeshore Rd #208, a rare gem in Burlington's sought-after Waterford Place. This elegant 1230 sq ft condo in the Elizabeth Gardens neighbourhood offers luxurious living just steps from Lake Ontario. This 2nd floor unit boasts a modern, exquisitely decorated interior with 9’ ceilings, crown moulding, and an abundance of natural light from oversized windows. The brand-new kitchen is a chef's dream, featuring white & grey quartz countertops, soft-close drawers & high-end stainless-steel appliances. The open concept design seamlessly connects the dining & living areas, where you'll find a cozy built-in shiplapped electric fireplace and two oversized sliding doors framed by custom-made drapes leading to a spacious balcony. A versatile den serves as the perfect home office/media room, while the primary bedroom offers a tranquil retreat with a large walk-in closet & luxurious 5pc ensuite, complete with a jetted tub & separate shower. Additional features include vinyl flooring, pot lights and professional storage systems in all closets. Residents enjoy access to an exercise room, party room, and visitor parking, as well as a beautiful lakeside gazebo & BBQ area. This unit comes with one owned parking spot & storage locker. Condo fees cover building insurance, common elements, heat & water, making this an easy-to-maintain home. Don't miss this opportunity to experience boutique condo living in an immaculate unit that combines modern luxury with tranquility by the lake! (id:51158)
Homes for sale in Burlington

For sale $1,975,000

627 Bayshore Boulevard

Burlington, Ontario

6 Bedroom 3 Bathroom 2695 sqft

Muskoka in the City! Tucked away in the hidden gem of Brighton Beach community in Aldershot, Burlington, this beautiful 6 bedroom post & beam farmhouse on over 1/2 acre, is the perfect family setting. Salvaged 1850's hand hewn beams, pin plank flooring & reclaimed brick used in the build, together with all the modern updates, give the best of both worlds. Natural light from 5 skylights & the 20 foot cathedral ceiling in the Great Room, give an airy feel. The partially finished basement with roughed in bathroom, is high & dry with plenty of space to add a games room, gym, home theatre or whatever your pleasure. As you move outdoors, a covered 3 sided wrap around porch and extensive decking with gas fireplace, means plenty of room to relax or entertain. The large fenced veggie garden is where you can find your inner farmer, or head over to the small heated barn where you can putter in your workshop. natural gardens around the property mean plenty of birds & wildlife enjoying their natural habitat. There's ample parking for your daily drivers and your boat or RV. This community of 75 homes in Brighton Beach, share a communal 5+ acre parcel on the water, including sandy beach with access being a short hike down a ravine. Escape from the City has never been so close at hand. (id:51158)
Homes for sale in Burlington

For sale $969,900

2258 Manchester Drive

Burlington, Ontario

4 Bedroom 3 Bathroom 1310 sqft

Over $200K in renovations, with a separate entrance to an inlaw suite and a widened driveway to fit up to 6 cars! Welcome to your dream home in Brant Hills! This beautiful semi-detached 3+1 bedroom 3 bathroom home is newly renovated from top to bottom and is designed to meet all your family's needs! The main floor features a large living room, dining room, full kitchen with brand new appliances and quartz countertops, a two piece bathroom, electric fireplace and a walkout to your spacious deck and backyard! The upper level features 3 large bedrooms with a 4 piece bathroom and the convenience of laundry! The basement holds a full 1 bedroom inlaw suite, a 4 piece bathroom, electric fireplace and a second set of laundry machines! All new pot lights and vinyl floors throughout the entire home! The electrical panel was also upgraded to a 200amp service! The exterior of the home features a widened driveway space for plenty of parking, a front and back deck, TONS of parking space and a very spacious backyard for you to enjoy with the family and guests! This home truly has it all! Close to parks, schools, grocery stores and more! (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $999,500

2057 Grovetree Lane

Burlington, Ontario

2 Bedroom 3 Bathroom 1434 sqft

Welcome to this executive freehold semi nestled on a quiet crescent in downtown Burlington, just steps from Brant Street transit, the lake, and all amenities. Enjoy the convenience of walking to dining and shopping, with quick access to highways and the mall. The expanded driveway, interlock path, and covered awning entrance are complemented by mature trees. The main floor boasts an open concept design with vaulted ceilings in the living room open to the floor above, tiles and updated hardwood throughout the main and second level. The bright white kitchen features a peninsula, pantry, and stainless steel appliances and is open concept to the dining and living rooms. The dining area includes built-in cabinets and double doors leading to a private, fenced yard with an interlock patio, gazebo with hot tub, mature trees and unencumbered view. Upstairs, a versatile office/family room with oversized windows and built-in cabinets can easily convert into a 3rd bedroom. A few steps up, the primary bedroom offers en-suite privileges with a 4-piece bathroom and a second bedroom. The finished lower level adds extra living space with a recreation room, 3-piece bathroom, and ample storage. This home is a true gem in the heart of downtown living. Move right in! (id:51158)
Homes for sale in Burlington

For sale $679,900

2222 Upper Middle Road Unit# 4

Burlington, Ontario

3 Bedroom 3 Bathroom 1252 sqft

Updated 3 Bed, 2.5 Bath Townhome located in the desirable Forest Heights Complex in the Brant Hills Neighbourhood. The spacious foyer welcomes you into the bright and spacious unit. With Updated Kitchen, separate dining area, and large living room area with walk out to your private patio. The Kitchen has been thoughtfully updated in a tasteful neutral colour, tons of cupboards and counter space, Stainless Steel appliances, and corner glass doors for a touch of elegance. The main floor is finished off with a handy 2 piece bathroom and lots of extra storage. Upstairs you will find 3 large bedrooms including the primary retreat complete with a double walk in closet and private access to the expansive bathroom. The Oversized 5 piece Bathroom has 2 vanities, and has been upgraded with newer vanities, tub and tiles. Enjoy the spa like bathroom or easily convert to two separate baths. The convenience of this townhome continues in the lower level with a spacious recreation room, convenient laundry facilities, tons of storage, a three piece bathroom, and direct access to your private two car parking spaces in the secure underground garage. Conveniently located near schools, shopping centres, restaurants, minutes from transit and easy highway access - this townhome has it all. 2 Car Parking located right outside the inside entrance from garage (id:51158)
Homes for sale in Burlington

For sale $1,449,000

976 Danforth Avenue

Burlington, Ontario

4 Bedroom 2 Bathroom 1505 sqft

South Aldershot sought after neighbourhood on mature tree lined street, walking distance to the lake, RBG, La Salle Park, trails. Mins to the downtown shopping & dining, Spencer Smith Park, Art Gallery, hospital. Lovely bungalow on massive lot with private prof landscaped yard w pool. and levels of composite decking great for entertaining. Almost 3000sqft of finished living area. 3+1 bdrms 2 full bathrooms. Updated kitchen and bathrooms, cozy all season sunroom addition with gas fp. 50yr aluminum roof, aggregate walkway, patio and porch with parking for 4 plus garage. Large windows throughout provide natural light throughout. Close to Elementary & highschools, GO Station, HWY 403 & QEW. (id:51158)
Homes for sale in Burlington

For sale $599,000

430 Pearl Street Unit# 205

Burlington, Ontario

2 Bedroom 1 Bathroom 795 sqft

Step into luxury living in the heart of Downtown Burlington with this beautifully renovated 1+1 bed, 1 bath condo. The spacious open concept layout boasts stunning upgrades at every turn. A custom kitchen awaits, showcasing two-tone cabinetry with elegant gold hardware, complemented by an island with seating, quartz countertops, a stylish backsplash, and brand new Kitchenaid appliances. Engineered hardwood floors and recessed pot lighting extend throughout, creating a seamless flow from the inviting living room to the spacious dining area. Perfect for modern, open-concept living. Stunning bathroom with quartz countertop, custom frameless glass shower with beautiful tile, and stand alone soaker tub. Rooftop patio with bbq and great views of Downtown. Walking distance to every amenity you could ever need, restaurants, Lake Ontario, public transit and Spencer Smith Park. (id:51158)
Homes for sale in Burlington

For sale $959,900

1216 Consort Crescent

Burlington, Ontario

3 Bedroom 1 Bathroom 1570 sqft

Opportunity knocks in this great family friendly neighborhood. 3 bedrm two storey home with finished basement. Main floor open concept, great for entertaining, freshly painted. Kitchen (2019) Second floor Carpet (2024) Generous size Rec Room. Powder Room (2024) Inside entry from garage to home. Large fully fenced yard. Close to all amenities including Schools, transit, shopping etc etc (id:51158)
Homes for sale in Burlington

For sale $1,398,888

3216 Berkshire Lane

Burlington, Ontario

4 Bedroom 3 Bathroom 2508 sqft

Newly priced, this exceptional 2500+ SF, 4 bedroom home is situated on one of the most sought-after streets in Headon Forest with no neighbours behind. The open and airy main floor features a sunken family room with new flooring, updated decor and a charming wood-burning fireplace, all highlighted by a Bay window overlooking the private backyard. A convenient main floor laundry with garage and side yard access, that could be a separate entrance to an In-Law suite, adds to the home's appeal. The kitchen is a chef's delight with stainless steel appliances, a sunken sink, granite counters & a decorative backsplash. It includes a large pantry & a breakfast area with a walk-out to the spacious deck & beautifully landscaped yard. The primary bedroom offers a vanity station, a W/I closet & a spacious ensuite with a step-up soaker tub. The three additional bedrooms are generously sized & feature double closets. Enjoy the tranquility of no rear neighbors, surrounded by mature trees and professional landscaping. Relax on your deck or unwind in the stunning 7-seater hot tub with waterfall & mood lights (check out the nighttime video on the virtual tour!). The home boasts excellent curb appeal with a large tree, custom stone steps with a planter box & a new garage door with a quiet opener. Located just a short walk from St. Timothy School via Ireland Park and a mere 30 seconds to Notre Dame CSS from the hidden back gate, this home offers convenience and charm. Make it yours today! (id:51158)
Homes for sale in Burlington

For sale $649,900

4045 Upper Middle Road Unit# 38

Burlington, Ontario

2 Bedroom 3 Bathroom 1230 sqft

Welcome to South of the Green! Located in the heart of the prestigious Millcroft neighbourhood in Burlington, surrounded by parks, green space & Golf courses, this 2 bedroom, 3 bathroom townhome is sure to impress. This move in ready home features loads of natural light, updated kitchen, a large living area giving way to the balcony with 2 gas line hookups ready for your BBQ and fire table. The primary bedroom has a large walk in closet & ensuite, while the second bedroom has a California closet system installed. The upper level laundry room is just an added bonus. The garage is heated and fully insulated, perfect for some added living space or storage. 4 Mins to the QEW & 6 mins to the 407 make this condo a commuters dream. Some recent upgrades include: New front porch 2024, , New landscaped back common area 2024, New washer 2024, New dryer 2023, New Balcony 2022, New stove 2022, New dishwasher 2020, New BBQ / fire table dual Natural gas line 2021, New garage door 2018, Garage furnace 2017 New driveway 2016, New roof 2016. Smoke Free / Pet Free home. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $900,000

1037 Fernridge Common

Burlington, Ontario

3 Bedroom 4 Bathroom 1552 sqft

Quality built, move in ready home! Lovely, 2-storey town home located in a quiet enclave in Burlington’s sought-after Aldershot district. Open concept design offering 1,552 sq. ft. of upgraded, spacious living with dramatic high ceilings. Numerous large windows provide amazing natural light and will make you feel right at home. Entertain in the large great room that is adjacent to a chef’s kitchen with ample counterspace, neutral backsplash tiles and a comfortable breakfast bar. Walkout from the dining area to your private terrace to enjoy a summer BBQ. The upper floor has a spacious primary bedroom with a 4-piece ensuite bathroom and walk-in closet; a 2nd bedroom with a 4-Piece ensuite bathroom and convenient home office area; as well as laundry facilities with a utility basin. The basement is professionally finished and designed for gatherings. This lovely home and enclave offer great visitor parking and are close to many amenities. Low monthly fees of $140.18 for maintenance, repairs, replacement of private road and guest parking. Note: The roof shingles are scheduled to be replaced in late September 2024. A list of upgrades/improvements are found in the attached feature brochure or at your viewing. A must see! R.S.A. (id:51158)
Homes for sale in Burlington

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