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$534,900

1270 Maple Crossing Boulevard Unit# 409

Burlington, Ontario

2 Bedrooms2 Bathrooms1072 sqft

Welcome to this wonderful 2-bedroom, 2-bathroom corner unit, perfectly situated in downtown Burlington near Spencer Smith Park! This bright and airy home features large windows that fill the space with natural light and provide relaxing greenspace views. The kitchen offers ample storage and counter surface, making meal prep a breeze. Enjoy the bonus room, which is perfect for a home office, and benefit from the widened primary bedroom door allowing for wheelchair accessibility. Take advantage of nearby beautiful trails, fantastic restaurants, and charming shops, all within walking distance. With the convenience of in-suite laundry, a welcoming layout, and 24 hour concierge and security, this condo is perfect for modern living. Do not miss the chance to make this vibrant community your new home! (id:51158)

For Sale$648,500

2035 Appleby Line Unit# 401

Burlington, Ontario

2 Bedrooms2 Bathrooms1082 sqft

Enjoy the charm of condo living at the Orchard Uptown mid-rise complex, located in a prime Burlington location. This spacious top-floor corner suite boasts vaulted ceilings and stunning escarpment views. With over 1,000 square feet, this 2-bedroom, 2-bathroom suite features an open-concept living and dining area, highlighted by a cozy natural gas fireplace and beautiful hardwood floors.The expansive kitchen offers generous counter space and ample storage, making it perfect for novice home cooks and home chefs alike. Enjoy easy access to the west-facing balcony, ideal for relaxing with a sunset view.Retreat to the generous primary bedroom, complete with plenty of storage and a well sized ensuite. The second bedroom also features hardwood flooring and a large closet, with convenient access to the 3-piece bathroom.Complex amenities include, car wash, exercise room with sauna, party room, and ample visitor parking. Located just steps from shopping, dining, and recreational facilities, transit, and major highways, this condo offers unparalleled convenience. Embrace the vibrant lifestyle of Burlington while enjoying the comfort and elegance of this exceptional suite! Suite repainted in 2023. Building improvements include underground parking waterproofed 2020-21; balconies waterproofed 2023, common area ceramic floors 2024, new windows 2024 (id:51158)

For Sale$1,049,900

1237 North Shore Boulevard E Unit# 903

Burlington, Ontario

2 Bedrooms2 Bathrooms1600 sqft

Discover luxury living in this beautifully renovated 2-bedroom, 2-bathroom condo, perfectly located in the heart of Burlington, steps from Spencer Smith Park. This spacious 1,600 sq. ft. unit boasts breathtaking lake views, 10’ ceilings, and a custom professional renovation completed in 2020, featuring upgraded hardwood floors, modern tile, premium fixtures, and a sleek kitchen with top-of-the-line appliances. Enjoy the convenience of remote-controlled blinds, fresh paint throughout, and 2 brand-new A/C units under warranty for added peace of mind. Step out onto your private balcony to enjoy the serene surroundings, or take advantage of the building’s first-class amenities, including an outdoor pool, BBQ area, gym, sauna, party room, and newly renovated common areas (2023/2024). This unit also comes with one parking spot and a locker for extra storage. Don’t miss the opportunity to call this luxurious condo with lakeside living your new home! (id:51158)

For Sale$869,900

442 Maple Avenue Unit# 801

Burlington, Ontario

2 Bedrooms2 Bathrooms1118 sqft

Rarely offered unit with lake views and extra large balcony in the iconic Spencer's Landing Building in beautiful downtown Burlington. Located directly across the street from Spencer Smith Lakefront, this complex offers exceptional luxury and hotel-style amenities in an all-inclusive building. This gorgeous 2 bed 2 bath unit has been meticulously renovated in 2020 including: Completely new kitchen & appliances, 2 fully renovated bathrooms, all new flooring throughout, smooth ceilings, custom cabinetry/closets, new doors & hardware, baseboards, window covers and light fixtures, pot lights, centerpiece stone electric 3-sided fireplace, barn door, and so much more. Every inch of this space has been beautifully transformed. Must be seen to be truly appreciated. Building amenities include: heat, hydro, water, building insurance, ample outdoor visitor parking (very rare), BBQ area, Indoor pool, Gym, Security, hot tub, saunas, party room, games room, guest suite, low priced high-speed Bell Fibe internet/Cable, and so much more. A lifestyle like no other, walking distance to everything downtown Burlington has to offer and direct access to 3 major highways and public transit. You cant ask for anything better. Book your showing today! (id:51158)

For Sale$3,295,000

4028 Millar Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3583 sqft

Cottage living within city limits. Nestled on a hill is this stunning home in a spectacular setting. You will be captivated by the cozy open plan with gorgeous views from every window. This lovely home boasts a modern, large kitchen open to a spacious great room and a generous patio that overlooks the city. You will find 3 bedrooms and 2 full baths on this level. The lower level offers a charming family room with wood burning fireplace, an additional bedroom, full bathroom and office.(Could easily be an in-law suite with separate entrance). This 1.7 acre property has an incredible outdoor entertainment area with inground pool, outdoor kitchen, gas fireplace and seating area. This property is a nature lovers paradise with 2 ponds surrounded by a horseshoe rock quarry wall, home to a nesting pair of Great Horned Owls and a visiting Blue Heron. (id:51158)

For Sale$815,000

1201 North Shore Boulevard Unit# 503

Burlington, Ontario

2 Bedrooms2 Bathrooms1330 sqft

This beautifully renovated condo offers 1,330 square feet of stylish living space, plus a spacious balcony to enjoy those outdoor moments. With recent updates like new flooring, fresh paint, an upgraded kitchen, and sleek bathroom vanities, it’s move-in ready and full of modern charm. Located in the 12-storey Lakewinds building, you’ll have access to a great selection of amenities, including a party room, fitness room, outdoor pool, sauna, tennis court, workshop, and a patio with a community barbecue – perfect for those summer gatherings! The neighborhood around 1201 North Shore Boulevard blends urban convenience with natural beauty. Just steps away from Spencer Smith Park and the waterfront trail, plus a short stroll to Burlington’s lively downtown. From shopping and restaurants to the art gallery, there’s always something to enjoy! And for those who love to shop, Mapleview Mall is just minutes away, with easy access to the 403 and QEW for quick trips anywhere. This condo comes with its own parking space and storage locker. Please note, the building is smoke-free and dog-free, keeping things peaceful and fresh for everyone. (id:51158)

For Sale$749,900

4173 Palermo Common

Burlington, Ontario

2 Bedrooms3 Bathrooms1335 sqft

Spacious 3 story townhome built by DiCarlo Homes This unit features 2 large bedrooms, 2.5 baths with nine-foot ceilings on 2nd level! Spacious main level foyer with closet. Second story features eat in kitchen with large balcony with one the best views in complex, very bright and spacious living room, 2 large windows, closet and powder room. 3rd floor features a large master bedroom with his and hers closets and a 4-piece ensuite, another large second bedroom, 4-piece bathroom, and laundry room. Tons of visitors parking!! Appleby Go Station and the QEW are just minutes away. Public transit is just outside doorway, great for commuters. This unit is a must see!!! (id:51158)

For Sale$709,500

5070 Pinedale Avenue Unit# 607

Burlington, Ontario

2 Bedrooms2 Bathrooms1192 sqft

Step into the life you have longed for with this charming 2 bedroom, 2 bathroom unit located in the serene Pinedale Estates community. Recently updated with a modern kitchen, new flooring, fresh paint, and renovated bathrooms, this home is designed for relaxation. The morning sunlit eat-in kitchen boasts stainless steel appliances, quartz countertops, pot lights, and plenty of cabinet space. Open concept living awaits in the spacious living and dining area with a walk-out to a large private balcony offering escarpment views. The solarium can be accessed through the balcony and primary bedroom, providing the perfect spot for an office or reading nook. This unit comes equipped with one parking space and one locker. The 3 Pinedale Estates buildings offer extensive facilities including an indoor pool, sauna, party room, exercise room, billiards room, crafts and golf rooms, library, outdoor car wash, and a pay-per-use EV charger. There are also communal perks such as benches, picnic tables, and gazebo areas with BBQs for residents to enjoy. Engaging community events are held throughout the year as well as weekly card game nights and craft days. Condo fees cover everything except Bell Fibe cable and internet, and hydro making those your only extra utility bills. Conveniently located near Lake Ontario, Appleby GO station, and essential amenities such as grocery stores, hardware stores, dentist offices, hair salons, and restaurants, this unit offers the perfect blend of comfort, convenience, and community! *Please note some pictures in this listing have been virtually staged. (id:51158)

For Sale$489,800

5001 Corporate Drive Drive Unit# 406

Burlington, Ontario

2 Bedrooms2 Bathrooms671 sqft

Welcome to Appleby Gardens! Step into a world of spacious elegance, where high ceilings and abundant natural light create an inviting atmosphere. The open-concept kitchen, featuring stainless steel appliances, sleek granite countertops, and a charming breakfast bar, is perfect for both culinary adventures and lively gatherings. Versatility is key with the den, which can easily transform into a home office, guest room, or cozy additional living space. The convenience of a 2-piece bathroom adds to the overall functionality. Retreat to the primary suite, a serene escape boasting a generous layout, a luxurious 4-piece ensuite, and a walk-in closet that caters to your storage needs. Nestled in a vibrant neighborhood, you'll find an array of dining, shopping, and entertainment options just a short stroll away. Commuters will appreciate the seamless access to the 403/407 highways and the Appleby GO station, making travel effortless. This is a must-see home that beautifully blends style and convenience! (id:51158)

For Sale$689,900

1415 Ghent Avenue Unit# 905

Burlington, Ontario

3 Bedrooms2 Bathrooms1483 sqft

A wonderful place to call Home! A rare find in Saratoga Village. This spacious and well designed unit showcases over 1470 sq ft of living space and features an oversized balcony with spectacular views of the downtown skyline, the greenery of the tree tops and amazing lake views! Enjoy 3 large bedrooms, 2 full bathrooms, and double walk-out access to the balcony. This home has been freshly painted and features beautiful hardwood floors, upgraded lighting, an oversized pantry, in-suite laundry, and plenty of storage space. The amenities are second to none with condo fees including heat, hydro, water and cable. Outdoor pool, gym, library, two woodworking rooms and one underground heated parking spot are included as well. Just a few minutes walk to Downtown, shopping and restaurants. The Waterfront Park trails and beach are close by too! Great location for commuters with close proximity to the GO Station and easy access to the QEW! (id:51158)

For SaleOPEN HOUSE$1,099,900

5395 Scott Court

Burlington, Ontario

3 Bedrooms2 Bathrooms2532 sqft

Welcome to this 3-bedroom, 2 full-bath, three level backsplit nestled on a private quiet court in a sought-after family-oriented neighborhood. Lovingly maintained and enjoyed by the same family for 60 years, this property presents a fantastic opportunity to renovate and create your forever home. The spacious layout features plenty of potential to customize, with an indoor pool offering year-round enjoyment and a standout feature for gatherings or personal relaxation. The location is unbeatable, just steps away from fantastic schools, beautiful parks, and convenient transit options. With all amenities nearby, this home offers the perfect blend of tranquility and accessibility, ideal for families looking to settle in a welcoming community. Don't miss this chance to add your personal touch and make this timeless property your dream home! (id:51158)

For Sale$1,599,900

772 Francis Road

Burlington, Ontario

3 Bedrooms3 Bathrooms2343 sqft

Beautiful all brick family home, located in Aldershot South. Gorgeous curb appeal, professionally landscaped lot with backyard oasis with an inground pool! This home offers over 2943 SQ FT of living space, high end appliances, included, large kitchen, with huge island. Exercise room which could be used as a 4th Bedroom, Family room with vaulted ceilings, deck overlooking back yard, cozy finished basement with bar, close to amenities, schools, parks, hwy and minutes from downtown Burlington. (id:51158)