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 $2,798,888

2560 2 Side Road

Burlington, Ontario

6 Bedroom 5 Bathroom 5190 sqft

Your DREAM HOME awaits... 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 $1,089,000

5056 New Street Unit# 21

Burlington, Ontario

3 Bedroom 3 Bathroom 1980 sqft

Charming South Burlington Executive Townhome, Elegantly Upgraded and Move-In Ready! This beautifully maintained home offers a perfect blend of modern style and comfortable living, with a fully finished basement and a private, fenced backyard—ideal for relaxation or outdoor enjoyment. Upon entering, you’re greeted by a spacious foyer that leads to an open-concept main floor, where hardwood flooring extends throughout. The living area is bright and inviting, providing a versatile space for both relaxation and entertaining. The dining area offers ample room for dining while overlooking the sleek, modern kitchen. The kitchen itself features granite countertops, stainless steel appliances, and an expansive island with a breakfast bar. Upstairs, discover three generously sized bedrooms, including a primary suite complete with a walk-in closet and ensuite bathroom. An additional four-piece bath serves the other bedrooms, and a cozy nook in the hallway offers a perfect spot for a home office or reading area. The recently finished basement adds even more versatile living space, ideal for various lifestyle needs. Enjoy the benefits of maintenance free living while living in the desirable South Burlington neighborhood. This home provides a vibrant community feel with top-rated schools, nearby parks, shopping, and easy access to the lake. (id:51158)
Homes for sale in Burlington

For sale $2,995,000

868 Danforth Place

Burlington, Ontario

5 Bedroom 4 Bathroom 3724 sqft

A true cottage in the city! The ultimate lifestyle in south Burlington with unobstructed lake views, this California style hillside hideaway offers an impressive 227' deep, almost 1/2 acre lot, with 130' of waterfront. Launch your kayak from your private dock, and watch the sunrise from the hot tub. This stunning, modern, fully renovated home, is your luxurious cottage in the city. 3724 sq. ft. on 3 levels, all with walk-outs in this incredible, unique property built into a hillside. The interior offers an open plan main level with Scandinavian style kitchen, living area with fireplace, dining area with breathtaking views, a bedroom and 3-piece bath. The middle level offers 3 more bedrooms including the primary with glamorous en suite, a 3rd bath, laundry room & dog wash! The lower level is a fantastic lounging space with rec room, fireplace, kitchen, fully equipped gym, and 5th bedroom with en suite. WATCH THE VIDEO & 3D TOUR! Pure peace and tranquility, but just minutes to endless amenities: shopping, restaurants, LaSalle Park, Burlington Golf Club, downtown Burlington & the beach, RBG & conservation areas, GO train & highway access. (id:51158)
Homes for sale in Burlington

For sale $365,000

100 Burloak Drive Unit# 2510

Burlington, Ontario

1 Bedroom 1 Bathroom 682 sqft

Welcome to Hearthstone By The Lake, where comfort meets convenience in a vibrant community. This 1-bed condo unit offers a blend of comfort, style, & endless amenities for those seeking an exceptional living experience. Step inside this bright & cheery unit, boasting tall ceilings with an airy atmosphere. Prefer independent living or desire to indulge in the array of services available? Hearthstone By The Lake has something for everyone. Immerse yourself in a world of possibilities, as you enjoy exclusive access to a range of exceptional facilities. Maintain an active and healthy lifestyle with the fully equipped gym, indoor pool, & a variety of exercise programs tailored to your needs. Unwind & socialize in the elegant dining room, where your club fee covers a credit towards delectable meals prepared by a talented culinary team. Experience peace of mind knowing that the 24/7 emergency nursing services are just a call away. The dedicated wellness center provides a holistic approach to your wellbeing, ensuring that you have access to the care & support you need. Convenience is key at Hearthstone By The Lake, you’ll have access to one underground parking space and a locker, ensuring that your belongings are secure and easily accessible. The club fee encompasses a range of additional services, including housekeeping, emergency call system, & access to a wealth of engaging activities. Embrace a maintenance-free lifestyle as you explore the numerous amenities & social opportunities available within a vibrant community. At Hearthstone By The Lake, your home will be more than just a place to live – it could be a sanctuary that offers comfort, convenience, and a sense of belonging. Discover the unparalleled luxury and convenience that awaits you in this exceptional condo within this vibrant community. Don't miss out on the chance to enjoy the abundant offerings of Hearthstone By The Lake. Schedule a viewing today and embark on a new chapter of relaxed and enriching living. (id:51158)
Homes for sale in Burlington

For sale $1,359,500

796 Hawkins Crescent

Burlington, Ontario

4 Bedroom 4 Bathroom 2201 sqft

Beautifully maintained 2 storey 4 bedroom home in the sought-after Maple community! Ideal South Burlington location close to downtown, the lake/beach, GO station, highway access, hospital, parks, schools, stores, Mapleview Shopping Centre and more! Spacious and bright main level featuring an eat-in kitchen with walkout to a patio and fully fenced private yard. Family room with gas fireplace, living room that opens to a separate dining room and a main level laundry. Extremely spacious primary bedroom with 4-piece ensuite, California shutters and a large walk-in closet. Engineered hardwood floors, wainscoting and central vac. 2,201 sq.ft. + a fully finished lower level with high ceilings, pot lighting and a 3-piece bathroom. 4 bedrooms, 3.5 bathrooms, double garage and a double driveway! (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $2,999,000

1427 Birch Avenue

Burlington, Ontario

3 Bedroom 5 Bathroom 3101 sqft

Step into this architectural masterpiece where every detail has been meticulously crafted to create a harmonious blend of luxury & functionality in this stunning 3 Bed, 5 Bath home. Upon entering, you are greeted by the stunning 360-degree centre courtyard with glass roof, a focal point that seamlessly integrates indoor & outdoor living. Wall-to-wall glass doors effortlessly open to an inviting seating area, featuring a fire pit, flagstone paving & a custom built BBQ station. Just steps away awaits your very own gourmet kitchen, boasting custom cabinetry, top-of-the-line appliances, a walk-in pantry & a breakfast bar. Your indoor lap pool is surrounded by marble inspired feature walls, & vaulted ceilings. A sitting area, dedicated pool laundry & powder room complete the space. Retreat to the main floor primary suite, where you will find floor-to-ceiling custom storage solutions, a dressing room, & a spa-inspired ensuite. Upstairs, lofted spaces provide endless possibilities; 2 additional bedrooms, 2 bathrooms, a home office, and family room await. The downstairs offers 8'10 ceilings, heated floors, an oversized recreation room, second laundry, cold room, & another full bathroom. Rare double car garage. Located in an exclusive neighbourhood in the heart of Downtown Burlington, steps away from shops, restaurants & the picturesque shores of Lake Ontario. Immerse yourself in the essence of downtown living and indulge in the unparalleled luxury offered by this exceptional home. (id:51158)
Homes for sale in Burlington

For sale $1,149,900

2206 Birchleaf Lane

Burlington, Ontario

3 Bedroom 3 Bathroom 1235 sqft

This fantastic Orchard home is ready for new beginnings! Perfectly situated on a quiet street, steps away from schools and shopping. This detached home has curb appeal galore as it sits on a wide corner lot with wrap-around porch and double driveway. Inside you'll find upgrades throughout with hardwood floors, California shutters, luxury vinyl plank flooring, pot-lights and neutral decor. The welcoming entry takes you to a combined Living and Dining room with extra nook for media or console storage. The Kitchen features granite counters, stainless steel appliances and separate Dinette area. A two piece Bath and garage access complete the main level. The Second level features 3 bedrooms and a 4 piece Bath. The Primary Bedroom includes a walk-in closet and offers Ensuite privilege. The lower level is fully finished with Laundry area, an additional 3 piece modern Bathroom and a spacious Recreation Room with built-ins. The private yard is fully fenced with ample space for entertaining. This home offers a prime location on a quiet family-friendly street close to schools, shopping and major transportation. Ready to move in! (id:51158)
Homes for sale in Burlington

For sale $859,999

1998 Ironstone Drive Unit# 409

Burlington, Ontario

2 Bedroom 2 Bathroom 1400 sqft

LOCATION, LOCATION, LOCATION IN POPULAR MILLCROFT PLACE! SUPERB WALK SCORE COMMUNITY CLOSE TO SHOPPING, TRANSPORTATION, 407, 403, QEW, LIBRARY, COMMUNITY CENTRE, BANKING, MEDICAL CLINICS, PET SERVICE, PARKS, GOLF AND MUCH MORE. OPEN CONCEPT EAT-IN KITCHEN, DINING AND LIVING ROOM WITH ELECTRIC FIREPLACE OPENS ONTO A LARGE BALCONY WITH VIEWS OF THE ESCARPMENT. LARGE MASTER BEDROOM WITH BIG BRIGHT WINDOWS, READING NOOK, WALK-IN CLOSET AND 3PC ENSUITE BATH. COMFORTABLE GUEST BEDROOM, 4PC MAIN BATH, AND LARGE ENSUITE LAUNDRY ROOM WITH LOTS OF STORAGE AS WELL. CONDO FEE INCLUDES HEAT/HYDRO, PARKING AND WATER. AMENITIES INCLUDE A LARGE OPEN FOYER, GAMES/PARTY ROOM WITH FIREPLACE AND EXERCISE ROOM. TONS OF INTERIOR AND EXTERIOR VISITOR PARKING. JUST A GREAT CONDO EXPERIENCE FOR PROFESSIONALS AND EMPTY NESTERS! (id:51158)
Homes for sale in Burlington

For sale $679,900

895 Maple Avenue Unit# 416

Burlington, Ontario

2 Bedroom 1 Bathroom 1299 sqft

Situated in a prime central Burlington location, 416-895 Maple Ave offers the perfect blend of urban convenience & modern comfort, showcasing beautiful pops of style & interest at every opportunity. The entryway welcomes you with warm neutral paint selections, coat closet with shaker doors, built-in bench seating & wall treatment with additional hooks & shelving. The open concept living/dining area greets you with large windows and tons of natural light, updated flooring, and stunning brass light fixtures. The updated kitchen boasts stainless steel appliances, gorgeous quartz countertops and backsplash, integrated pantry and convenient coffee station. Private outdoor living space serves as an extension of the kitchen. Enjoy a morning coffee on the sun-soaked patio, enclosed by a new fence and evergreens. The large primary bedroom is bright and well laid out with beautiful built-ins and lighting that tie into the elegance of the rest of the home. The renovated 4-pc bathroom features a stylish vanity & timeless tile selections. The 2nd bedroom also offers ample space, plenty of natural light, and a charming reading nook that is sure to impress. Add'l storage in attached garage and lower lvl laundry room. No pending special assessments on this unit: exterior work in rear was completed in ’20 and roof/new attic insulation ’24. Walk to Mapleview Mall, Starbucks, Longo’s & many other amenities. Moments away from Burlington GO, highway access. Close to downtown core & Lake Ontario. (id:51158)
Homes for sale in Burlington

For sale $1,099,000

5436 Windermere Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1568 sqft

Discover the potential in this beautiful 4-level sidesplit nestled in a family-friendly, tree-lined southeast Burlington neighbourhood. On a pool sized lot with 1,917 SF of total finished living space, this home is ready for your personal touches. Enjoy the spacious main level featuring a large, light-filled living room open to the dining room, perfect for your dream kitchen renovation. Upstairs, the primary bedroom offers oak wood floors and a 4-piece ensuite, with two additional bedrooms nearby. The lower levels provide ample space, including a versatile family room or recreation room, with natural light adding to the welcoming atmosphere. The large, fully fenced rear yard backs onto mature trees, offering privacy and a serene setting for creating your private backyard oasis. Located within walking distance to schools and parks, and just minutes from the highway, lake, transit, and all amenities, this property is loaded with potential. Bring your vision and make this lovely house your home (id:51158)
Homes for sale in Burlington

For sale $1,154,700

574 Bridle Wood

Burlington, Ontario

5 Bedroom 3 Bathroom 1753 sqft

Welcome to this beautiful property. 5 level 5 bed side split, sold as is. Located in sought after Pinedale area on a quiet street with beautiful ravine behind. Just minutes to the Lake. This home offers both lots of room and convenience. The eat-in kitchen features, new appliances (2023). The dining room and living room…a perfect place for every day living and entertaining. The living room has a beautiful stone wall and lots of light from the front bay window. Head up to the next level to the three good size bedrooms and bathroom. Up one more level is the enormous primary bedroom with huge closets and 4pc ensuite. Head down to the lower level where you can enjoy relaxing while watching TV or just sit in front of the wood burning fireplace (not used in years). Also, you will find another bedroom or use it as an office. The basement game room is a perfect place to play games with your friends or head by to the workshop. The yard is huge providing a great space for kids and dogs to play. This home is ideal for families looking for a neighbourhood with convenient access to highways, schools and shopping. Don’t delay and make this yours today!! (id:51158)
Homes for sale in Burlington

For sale $524,900

5317 Upper Middle Road Unit# 331

Burlington, Ontario

1 Bedroom 1 Bathroom 709 sqft

Spacious 1 BEDROOM + DEN at 'The Haven' in the wonderful Orchard community. Unit features over 700 sqft of well laid out living space, 9 foot ceilings and lovely private balcony. Building features underground parking, well maintained common areas and wonderful roof top deck with a putting green! Walking distance to the Bronte Creek and close to all amenities with easy highway access, this unit is a must see! (id:51158)
Homes for sale in Burlington

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