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 $624,900

2075 Amherst Heights Drive Unit# 405

Burlington, Ontario

2 Bedroom 2 Bathroom 1225 sqft

Great views with this 2 bed, 2 bath unit! With over 1200 square feet, this unit is spacious and bright! Generous size bedrooms, a dining area, nice eat in kitchen in this spotless unit. In-suite laundry area off the kitchen. This unit comes with 1 underground parking spot (owner currently rents a 2nd spot for $90 month) and 1 locker. Located off Brant St between North Service Road and Upper Middle this building is close to public transit, shopping, easy access to HWY 5 or the 403/407. This units sits in a well run complex that offers a party room, gym, secure entry, visitor parking and garden area. Come see for yourself! (id:51158)
Homes for sale in Burlington

For sale $1,149,000

989 North Shore Boulevard W

Burlington, Ontario

5 Bedroom 2 Bathroom 1247 sqft

Charming bungalow nestled on an expansive 166ft wide lot, just a short walk to the lake, Royal Botanical Gardens, nature trails, and La Salle Park. Commuters will love being less than 5 minutes from the GO station. This inviting home features a 4-season sunroom, a single garage with inside entry and automatic opener, plus a driveway accommodating up to 4 cars. The spacious, fully fenced backyard is perfect for entertaining, with walkouts from the kitchen and dining room, a patio, and a shed, all surrounded by mature trees for ultimate privacy. Inside, the kitchen boasts granite counters and a full pantry, while the living room offers a cozy gas fireplace and hardwood floors, extending into the dining room. The main level also includes a 4-piece bathroom. The fully finished lower level expands the living space with a family room, laundry room, 3 additional bedrooms, and a 3-piece bathroom. This home is a perfect blend of comfort, convenience, and natural beauty. (id:51158)
Homes for sale in Burlington

For sale $835,000

4194 Longmoor Drive Unit# 8

Burlington, Ontario

3 Bedroom 3 Bathroom 1470 sqft

Prime Location Alert! Discover this well maintained 2-story, 3-bedroom, 3-bathroom townhouse nestled in the highly desirable Longmoor neighborhood of Burlington. Start your mornings with sunlight streaming into your private, fully fenced yard, which backs onto the tranquil Centennial bike and walking trail. Enjoy the natural beauty right outside your door through upgraded, easy-to-clean windows. The spacious primary bedroom features a 2-piece ensuite and his-and-hers closets, while the second and third bedrooms are also generously sized. With solid construction and a new heat pump installed in April 2023 (modernizing the HVAC system), this home includes main-floor laundry and offers a fantastic opportunity for you to add your personal touch. (id:51158)
Homes for sale in Burlington

For sale $429,900

100 Burloak Drive Unit# 1308

Burlington, Ontario

1 Bedroom 1 Bathroom 795 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)
Homes for sale in Burlington

For sale OPEN HOUSE $798,000

3195 Bastedo Common

Burlington, Ontario

2 Bedroom 3 Bathroom 1428 sqft

Offers Anytime! Beautifully designed modern townhouses in this newly developed enclave of Burlington in Alton village. Desirable townhouse design and layout with that executive feel, this home has 3 stories, 2 large bedrooms and 2.5 bathrooms. Large entryway also has convenient and safe garage access. High end finishes throughout this open concept design include quartz counters, stainless steel appliances and a primary suite including ensuite bath. Home includes in-suite laundry as well as large balcony off of the dining room and tons of natural light from large windows. You won’t be disappointed with the layout and design of your cozy yet modern new home in Alton Village! (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,175,000

905 Cloverleaf Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1856.37 sqft

Your perfect home awaits! Charming turnkey backsplit home with modern upgrades! Welcome to this beautifully maintained 3-bedroom, 2-bathroom detached brick backsplit, located in a serene and mature neighbourhood. This home blends classic charm with contemporary updates, offering a comfortable and stylish living experience. As you walk through the front door, you’ll enjoy a spacious, open-concept kitchen and living room area, perfect for family gatherings and entertaining guests. Experience the luxury of freshly updated bedrooms and bathrooms that add a touch of modern elegance to your daily routine. Expand your living space with a versatile finished basement, ideal for a home office, playroom, or cozy family room. Step outside to your beautifully newly landscaped yard (2019), complete with a delightful patio area and a relaxing hot tub—perfect for unwinding after a long day. Enjoy the convenience of a carport, providing sheltered parking and easy access to your home. Situated in a quiet area with easy access to amenities, schools, and major highways like the 403 or 407, this home offers the best of both tranquility and convenience. This property is truly turnkey—move in and start enjoying your new home immediately. Don’t miss out on this exceptional opportunity! Contact your Realtor® today to schedule a private tour. Your dream home is ready for you. Act quickly and make it yours today! (id:51158)
Homes for sale in Burlington

For sale $589,966

1119 Cooke Boulevard Unit# B321

Burlington, Ontario

2 Bedroom 2 Bathroom 755 sqft

Welcome to luxury living in Aldershot! This stunning 2 Bedroom 2 FULL Bathroom corner unit condo on the 3rd floor offers an unrivaled living experience. Perfect for commuters, small families, professionals, first-time buyers, or investors, this chic and modern space boasts a spacious living area, large balcony with breathtaking views, and floor-to-ceiling windows for ample natural light. Enjoy high-quality wide plank flooring, stainless steel appliances, and quartz countertops. Plus, indulge in building amenities like a boutique lobby with concierge, fitness centre, rooftop terrace, and a party room with catering kitchen. With its prime location steps from Aldershot GO station, highways, marina, and more, along with underground parking included, this is an opportunity not to be missed! (id:51158)
Homes for sale in Burlington

For sale $585,000

1141 Cooke Boulevard Unit# 416

Burlington, Ontario

2 Bedroom 1 Bathroom 807 sqft

Discover the ultimate blend of convenience and style in this stunning corner-unit condo-townhouse, just four years young. Awash in natural light from its east, north, and south-facing windows, this modern gem offers a bright, welcoming ambience with sleek, neutral finishes that are sure to impress.Ideal for first-time buyers, young families, investors, or retirees, this townhouse is perfectly situated for easy living. Enjoy seamless commuting with the nearby Aldershot GO train station, just 1.4 km away, and savour the vibrant local scene with a quick 10-minute drive to downtown Burlington. Stroll to LaSalle Park, explore the shops and dining along Plains Road, or unwind at the nearby dog park with your furry friend.With Joseph Brant Hospital and Burlington Beach only 6 km away, and Ikea just 4 km from your doorstep, all your essentials are within reach. Water lovers will appreciate the proximity to LaSalle Park Marina, just 1.8 km away, while nature enthusiasts can lose themselves in the beauty of the Royal Botanical Gardens, a mere 3.4 km from home.Step into this vibrant community and embrace a lifestyle of ease and excitement in one of West Burlington's most sought-after locations. (id:51158)
Homes for sale in Burlington

For sale $1,249,900

715 Drury Lane

Burlington, Ontario

4 Bedroom 2 Bathroom 2150 sqft

Welcome to 715 Drury Lane, a fully-renovated bungalow offering luxury and convenience in downtown Burlington. With a rare double-wide driveway for up to 10 cars, this turnkey home features four bedrooms, two bathrooms, and a modern kitchen with quartz countertops, a large island, and cathedral ceilings. The private backyard oasis boasts a pool and charming cabana, perfect for entertaining. Recent updates include a furnace (2016), AC (2017), roof (2017), and owned hot water tank (2017). Just minutes from the GO Station, Lake Ontario, and local amenities, this home is a must-see. Schedule your private tour today! (id:51158)
Homes for sale in Burlington

For sale $2,798,888

2560 2 Side Road

Burlington, Ontario

6 Bedroom 5 Bathroom

Welcome to your dream home nestled in Burlington's highly coveted Mount Nemo Bluffs. This BRAND NEW custom-built modern style bungalow is a masterpiece of design and luxury, meticulously crafted with attention to every detail. Spanning over 5000+sqft of livable space this 4+2 bedroom, 4.5 bath residence offers a blend of sophistication and comfort, perfect for those with discerning tastes. Step inside and be captivated by the open-concept layout, accentuated by soaring cathedral ceilings that create an inviting and airy ambiance. The heart of this home, the ultimate dream kitchen, boasts imported European quartz countertops, luxury appliances, and a convenient over the stove pot filler, making it a culinary enthusiast's paradise. Designer touches though out, including Aria vents and a touch sensor kitchen faucet for added convenience. The central vacuum kick plate ensures carefree clean-ups, making everyday living effortless.Wide plank white oak floors flow seamlessly throughout the home, leading you to the grand primary retreat. This sanctuary features massive his and her walk-in closets, a cozy fireplace, and a private walk-out to a sundeck overlooking the tranquil backyard. The spa-like ensuite bath is a haven of relaxation, offering a luxurious escape from the everyday. The spacious bedrooms are designed with family in mind, with a Jack and Jill bath providing both privacy and convenience. Outdoor living is equally impressive, with an oversized 2 tier deck and cedar-covered front and back porches that extend the warmth and charm of this home into the great outdoors. Whether you're entertaining or simply enjoying the serene surroundings, these spaces are sure to delight. Fully fenced yard, Parking for 10+ cars, 30x20 powered Workshop for all your projects. Don't miss the opportunity to own this one-of-a-kind property in one of Burlington's most desired locations.Discover the blend of luxury and comfort in your new home today. Country living 5 min from everything. (id:51158)
Homes for sale in Burlington

For sale $899,000

2525 Cavendish Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 1973 sqft

Create The Home Of Your Dreams With This Diamond In The Rough 4 Bedroom 4 Bath Home In Sought After Burlington! Beautiful Open Concept Living And Dining Area Featuring Walk Out To Gorgeous Fenced In Backyard. Updated Kitchen With Stainless Steel Appliances! Roughly 2000 Sqft Plus Basement! Very Rare 4 Full Baths! (id:51158)
Homes for sale in Burlington

For sale $1,325,000

2362 Sinclair Circle

Burlington, Ontario

4 Bedroom 3 Bathroom 1821 sqft

Fantastic Opportunity to Own a Fully Renovated 3+1 Bedroom Back Split With two Car Garage on a Large Corner Lot in Sought After Brant Hills. This Sun Filled 4 Level Back Split with 11 ft Ceilings on the Main Floor Has Been Completely Renovated from Top to Bottom. Featuring Large Breakfast Kitchen & Spacious Main Floor Living/Dining Room, Second Level Boasts A Large Primary Bedroom with Beautiful En Suite Bathroom, Two Further Bedrooms & House Bathroom. The Walk Out Basement Provides A Large Family/Media/Recreation Room, 4th Bedroom & 2 Piece Bathroom, As Well As a Huge Storage Room. Conveniently Located For Easy Access To Major Highways, Public Transit, Schools, Trails & Parks. This Really Is A Fabulous Opportunity to Own A Spacious & Fully Renovated Back Split on a Large Lot in Sought After Brant Hills. (id:51158)
Homes for sale in Burlington

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