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$1,099,900

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$1,300,000

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$647,900

2055 Upper Middle Road Unit# 1008

Burlington, Ontario

3 Bedrooms2 Bathrooms1308 sqft

Embrace the cozy charm of autumn in this serene 1308 sqft corner unit, offering stunning Western views of the Niagara Escarpment and Lake Ontario. Nestled in natures fall palette, this 3 bed/2 bath condo is perfect for peaceful, turnkey living. As the leaves turn, enjoy the warmth and comfort of this meticulously maintained space, featuring a spacious living and dining area with white oak hardwood floors, picture windows, and a 15ft balcony ideal for soaking in those crisp fall sunsets.The kitchen is freshly updated with new counters, a stylish backsplash, and modern appliances, including a stainless steel fridge, dishwasher, and white glass-top stove. An ensuite washer and dryer offer added convenience. Retreat to the primary bedroom with its updated 3-piece ensuite and walk-in closet, while the additional bedrooms provide versatile spaces perfect for guests or a cozy home office, ideal for curling up with a hot drink on a cool fall day.The amenity-rich building enhances your lifestyle with an inground pool, tennis court, gym with sauna, party room, and guest suite, making it the perfect place to settle in as the season changes. Condo fees cover all utilities, including heat, hydro, water, and Bell Fibe TV offering unbeatable value.Located in the heart of Brant Hills, just minutes from shopping, highway access, vibrant fall parks, and scenic trails, this home blends the beauty of the season with luxury and convenience. Don't miss this opportunity to enjoy autumns splendour from your new home! (id:51158)

For Sale$1,399,999

4379 Longmoor Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1168 sqft

This stunning, fully renovated 3-bedroom, 3-bathroom home offers modern living in a family-friendly neighborhood, nestled within the prestigious Nelson School catchment area. Featuring an open-concept main floor, the updated kitchen boasts sleek countertops, stainless steel appliances, and a stylish backsplash. A spacious office is perfect for remote work or study. The expansive rec room provides endless entertainment possibilities, from movie nights to game days, while the fenced backyard with a sparkling inground pool is ideal for outdoor gatherings. The side entrance adds in-law suite potential, offering flexibility for extended family or guests. Located in a quiet, welcoming community with parks, schools, and shopping nearby, this home is perfect for families looking to settle in a convenient yet peaceful area. Don't miss this rare opportunity to own a beautifully updated home with endless features and room to grow! (id:51158)

For Sale$474,900

4015 Kilmer Drive Unit# 308

Burlington, Ontario

2 Bedrooms1 Bathrooms719 sqft

1 Bedroom + Den condo situated in the desirable Tansley Woods neighbourhood! Enjoy the convenience of in-suite laundry, parking for one vehicle and a storage locker. Featuring a fantastic open-concept floor plan, tasteful flooring, and light tones throughout. The kitchen is finished with ample cupboard space, an updated backsplash, and a peninsula with seating. The spacious living area features a functional design, ideal for comfortable everyday living and entertaining. Enjoy a large covered balcony, perfect for relaxing outdoors! The bedroom is freshly painted and bright, and features a double closet. The den is a major bonus, offering flexibility as a home office, hobby room, kids’ play area, and more. A tasteful 4-piece bathroom completes this lovely condo. Located in the excellent, walkable community of Tansley Gardens near all amenities, including grocery stores, schools, great restaurants, shops, parks such as Tansley Woods Park, and the Tansley Woods Community Centre with a library and pool. Within a short drive, you'll find the scenic Escarpment with renowned golf courses and trails, as well as easy access to highways 5, 407, the QEW, and public transportation, including the Burlington and Appleby GO stations. Move-in ready, your next home awaits! (id:51158)

For Sale$3,299,000

2365 Britannia Road

Burlington, Ontario

4 Bedrooms3 Bathrooms4059 sqft

Nestled on a serene 5.65-acre property, this beautiful rural retreat offers a perfect blend of modern comfort and natural beauty. Winding trails meander through the lush forest, inviting you to explore your private paradise. The home boasts 4 spacious bedrooms, 2.5 luxurious baths, and over 4,000 square feet of elegant living space. Step into the stunning great room, where a wood-burning fireplace and a wall of windows frame breathtaking views of the surrounding majestic trees. The eat-in kitchen features quartzite countertops, stainless steel appliances, a bar area, and a large island. The cozy sunroom with a gas stove is ideal for savoring your morning coffee. The family room, warmed by a gas fireplace, is perfect for family gatherings. Gorgeous hardwood floors flow throughout the home, complementing the updated bathrooms and functional mudroom. The primary suite is a true sanctuary, with private patio access, a 6-piece ensuite bath featuring heated marble floors, a free-standing soaker tub, double vanity, glass shower, and a spacious walk-in closet with heated floors for added luxury. Outside, the property offers endless possibilities with a workshop, a chicken coop, a vegetable garden, and an orchard with fruit trees. This property provides the perfect balance of tranquility, comfort, and modern amenities, making it an idyllic countryside escape. (id:51158)

For Sale$1,550,000

978 North Shore Boulevard W

Burlington, Ontario

3 Bedrooms1 Bathrooms1278 sqft

Vintage charm meets modern potential - 3-Bedroom home in South Aldershot. This 1939-built 1.5-storey home is your ticket to South Aldershot's serene living. Offering 3 bedrooms and 1 bathroom, it's nestled on a peaceful, tree-lined street. Situated on a generous 50 x 128 foot lot with mature trees, just a stroll away from Lake Ontario and the Royal Botanical Garden, this property is a haven for nature enthusiasts. The 3 bedrooms offer versatility for a family or home office, and the vintage charm throughout invites cosy living. This home is your blank slate, ready to be your forever haven, or reimagined into a modern masterpiece that suits your taste. The spacious lot is a canvas for your outdoor vision, where the mature trees provide a canopy of tranquillity. Location is key, and this property has it all. Within a leisurely walk, you can explore the calming lakeside or immerse yourself in the natural wonders of the Royal Botanical Gardens. Burlington and Hamilton's amenities are at your fingertips, ensuring convenience and comfort with major transit connections, local and big-box shopping, and entertainment opportunities all nearby. Don't let this opportunity slip away. Whether you seek a comfortable family retreat or a renovation project, this home has the potential you're looking for. Schedule a showing, and unlock the charm and possibilities of this treasure. (id:51158)

For Sale$1,269,000

2083 Edgebank Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1574 sqft

Located on one of the most sought-after streets in the Headon Forest neighborhood, this quintessential family home offers approximately 2000 square feet of finished living space. Nestled on an extra deep lot with captivating ravine views and no rear neighbors, this well-appointed home offers the perfect blend of privacy, tranquility and convenience. The main floor boasts a thoughtfully laid out floor plan featuring a formal living/dining room, kitchen and family room. The chef in the family will appreciate the bright and updated kitchen with pot lights, granite counters and an island with breakfast bar. The hardwood floors and crown moulding in the dining room will add a touch of refinement to your family memories. The crown moulding and elegance continue seamlessly throughout the living room. Spend fall and winter evenings cuddled up watching TV on the family room couch by the wood-burning fireplace. Upstairs, you’ll find three good-sized bedrooms with hardwood floors and two full bathrooms - both with updated vanities, and flooring. The finished basement offers an inviting recreation room, office/den space with pot lights and brand new (2024) carpeting throughout. Enjoy outdoor living at its finest with a large deck/gazebo and heated inground pool – perfect for entertaining or just quietly watching the sun go down. This home is a rare find on an exceptional street – a true gem that combines comfort/convenience with scenic beauty. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$1,449,000

2114 Caroline Street

Burlington, Ontario

5 Bedrooms2 Bathrooms1640 sqft

Large 2 1/2 storey, all brick, 5 bedroom home. 9' ceilings on the main level and a high basement for the age and style of the house. The proximity to the downtown amenities and waterfront make it an ideal location. (id:51158)

For Sale$629,900

657 Francis Road Unit# 3

Burlington, Ontario

3 Bedrooms2 Bathrooms1318 sqft

A fantastic opportunity awaits first-time homebuyers or investors, with this 3-bedroom townhouse offering approx. 1,300 sq ft of living space. The spacious, open-concept layout includes 2 bathrooms and a finished basement. The private and quiet patio extends from the dining area. Just minutes from downtown Burlington, Mapleview Shopping Centre, restaurants, Hospital, and parks. Close to the lake, and providing easy access to highways, this home offers both convenience and comfort. (id:51158)

For Sale$1,925,000

509 Elizabeth Street Unit# 4

Burlington, Ontario

3 Bedrooms2 Bathrooms2495 sqft

Executive luxury townhome located in the heart of Downtown Burlington. You will be amazed by the Attention to detail and quality lifestyle in this 5 level home, equipped with an elevator that accesses every level. Each level creates a space that will be enjoyed from the lower lever media room/ gym and Guest suite with complimenting 4 piece washroom . The main entrance has a spacious office and 2 piece washroom allowing a comfortable working from home lifestyle that also creates private access from rest of living space to your clients if required. The main living area is an open concept with large dinning area open to gourmet kitchen , 14' island flowing into to Great room with gas fireplace and walk out to terrace. The open-concept plan makes entertaining a breeze. The second level has the primary bedroom with wall-to-wall closets, sliding glass doors to a Juliette balcony and a 5pc ensuite bath and walk-in closet. The second bedroom on this level has its own 3pc ensuite bath and floor to ceiling window overlooking the front yard. The third level features a fabulous roof-top deck with west exposure and a hidden complimenting entertaining room hidden behind a Harry Potter book shelf. Be sure when you view not to miss this hidden room that has a wet bar and fireplace. The car enthusiast will enjoy the 3 car garage with a second inside entry to office level. Ideally located within walking distance to Downtown Burlington's many restaurants, shops, art gallery, hospital..... (id:51158)

For Sale$629,900

100 Burloak Drive Unit# 1310

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Retire in style at Hearthstone by the Lake. This two bedroom, two bath unit is approximately 995 square feet and has an updated full kitchen, insuite laundry and hardwood flooring. Live independently or make use of the many amenities available on the property including dining room, wellness centre (with 24/7 medical staff), library, lounge, gym (including scheduled exercise programs), indoor pool etc. Each unit comes with one underground parking spot and a locker. The monthly Club Fee provides a dining room credit, an hour of housekeeping, 24 hour emergency nursing, emergency call system, etc. (id:51158)