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 $1,749,000

607 Locust Street

Burlington, Ontario

3 Bedroom 3 Bathroom 1797 sqft

This charming 3-bedroom home in downtown Burlington exudes character, promising a lifestyle of convenience and comfort. Situated close to all amenities, this home is a hub of urban living at its finest. Enjoy the family room addition which provides a cozy space for gatherings and relaxation beside the gorgeous, renovated kitchen w/ soapstone counters, offering a blending of modern design with functionality and a convenient walk out to the stunning yard. The welcoming LR offers sunlight and almost 9 ft ceilings, an office w/ wood burning FP, all windows have been replace except the original beautiful leaded windows. Upper lvl primary bdrm + ensuite w/ heated floors, main bath renovated, freshly painted throughout, and a highlight is the private backyard boasting a salt water heated swimming pool and lush gardens, perfect for outdoor entertaining and relaxation. Nestled in a fabulous location, this home is within close proximity to schools, restaurants, and all downtown attractions. With everything within walking distance, residents can enjoy the vibrant energy of downtown Burlington while still having the tranquility of their own private retreat. This lovingly maintained home offers the perfect balance of convenience, comfort, and style, making it an ideal choice for those seeking a blend of urban amenities and suburban tranquility. Pool liner 2021, most windows 2013, furnace and AC 2019. (id:51158)
Homes for sale in Burlington

For sale $1,248,800

1040 Cedarwood Place

Burlington, Ontario

3 Bedroom 3 Bathroom 1158 sqft

Welcome to 1040 Cedarwood Place, located in Burlington's highly desirable Aldershot area! Renovated from top to bottom, this 2+1-bedroom, 3-bath home is perfect for any homeowner. Situated on a rare 1/4 ACRE lot with mature trees, this property seamlessly blends elegance with modern comfort. The main floor features an open-concept living and dining area that flows into a chef’s kitchen, ideal for entertaining. The second level offers 2 bedrooms and a stylish 4-piece bathroom. The lower-level features a contemporary 1-bedroom, 1-bath in-law suite with a full kitchen and laundry. The newly landscaped yard is perfect for entertaining guests, complete with interlocking pathways leading to a fully renovated double detached garage. With ample parking and a spacious yard, this property offers versatile homeownership options. Whether you're looking to buy for personal use, live in one unit and rent the other, 1040 Cedarwood Place has much to offer. Also offered; 1036 Cedarwood. EXTRAS: Full home renovation (2023), New Plumbing (2023), New Electrical (2023), All new appliances (2023), All new Landscape/Harbscape (2023), Finished + insulated double garage (2023), and so much more. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,599,999

2247 Pathfinder Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 2338 sqft

Welcome to your dream home in the coveted Orchard community of Burlington. This stunning four-bedroom four-bathroom home offers everything your family could desire. Situated on a deep lot lined with cedars, backing onto Sheldon Creek, this serene green space provides the perfect blend of privacy and natural beauty. Step outside through the oversized patio doors and into your oasis of a backyard complete with an inviting in-ground pool and gazebo perfect for summer relaxation and entertaining. Inside the home, you'll find 9-foot vaulted ceilings, a spacious and versatile layout, open concept living space and a movable kitchen island, ideal for both everyday living and special occasions. The double car garage offers ample space for vehicles and storage. A fully finished basement, for your home gym, teen retreat, or additional living area. Nestled in a family-friendly neighbourhood, this home is surrounded by parks, top-rated schools, and all the amenities you could need. Don't miss the opportunity to make this home your own and experience why Burlington is one of Canada’s favourite cities! (id:51158)
Homes for sale in Burlington

For sale $544,900

1270 Maple Crossing Boulevard Unit# 204

Burlington, Ontario

2 Bedroom 2 Bathroom 970 sqft

Welcome to The Palace, where your dream condo awaits in the heart of Burlington. This condo offers 970 sq ft of living space, with 2 bedrooms, 2 bathrooms, and a sun-filled solarium ideal for basking in the sun year round. Step into the updated kitchen, where modern elegance meets functionality. Timeless subway tile backsplash is complemented by white shaker cabinets, quartz countertops, and with ample storage space, organizing your essentials has never been easier. This unit boasts in-suite laundry and access to the building's array of amenities, including an outdoor pool, BBQ area, tennis/squash courts, car wash, sauna, bike storage, and party room. Situated on the second level, this condo offers convenience and comfort, with easy access to Downtown Burlington's Jo Brant Hospital, vibrant shops, restaurants, and Spencer Smith Waterfront Park. Whether you're unwinding in the cozy living area or enjoying a morning coffee in the sun-drenched solarium, this condo invites you to experience the best of urban living with a touch of sophistication. No pets per condo bylaw, however emotional support animals are permitted (some restrictions apply). (id:51158)
Homes for sale in Burlington

For sale $439,000

10 Oak - 4449 Milburough Line

Burlington, Ontario

2 Bedroom 1 Bathroom

Are you ready to smartsize? This beautifully appointed home has everything you need for year around living. This home offers tons of natural light from transom windows to large patio doors leading to your spacious deck and gardens. Enjoy your morning coffee overlooking the forest and green space and in the evening turn on your outdoor fireplace and enjoy the sounds of nature. There is a primary bedroom and a handy den leading to your comfortable living room. The kitchen is fully equipped and all appliances are included. There is ensuite laundry for your convenience. Drive up to a private double driveway on your corner lot. This home is situated in a beautifully maintained community close to shopping, restaurants and services. It is country living on a budget so don't wait to book your visit today and be prepared to be impressed. **** EXTRAS **** Enjoy a wonderful community and tons of activities throughout the year. Theres a huge inground pool and accessible pavilion for games and classes. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $589,900

2085 Amherst Heights Drive Unit# 316

Burlington, Ontario

1 Bedroom 2 Bathroom 904 sqft

Enjoy modern comfort in this impeccably updated one-bedroom condo. Featuring hardwood flooring, granite counters and California shutters, this move-in-ready home is designed to delight. The sun-filled living room, with 9' ceilings and a built-in electric fireplace, is perfect for cozy evenings. Or you can step out onto the balcony and enjoy your morning coffee. The updated kitchen boasts granite counters, and ample storage space, making meal preparation a pleasure.c The separate dining room with hardwood flooring is perfect for hosting dinner parties or family gatherings. Alternatively, it could be used as an office. The renovated powder room includes a comfort height toilet and vessel sink, along with safety grab bars. Convenience meets functionality with in-suite laundry facilities. Relax in a generously sized bedroom featuring California shutters, and two closets for ample storage. The ensuite bathroom features a walk-in shower, comfort-height toilet, and vanity, safety grab bars, ideal for seniors or anyone looking for ease of use. Fantastic location close to shopping, restaurants, a movie theater and downtown Burlington. Don’t miss out on this opportunity to own a stylish and functional condo in a prime location. (id:51158)
Homes for sale in Burlington

For sale $710,000

5030 Corporate Drive Unit# 1

Burlington, Ontario

2 Bedroom 2 Bathroom 1095 sqft

Welcome to #1-5030 Corporate Drive! This beautifully updated 2-bedroom, 2 bathroom END-UNIT townhome offers modern comfort and a fantastic location, making it an ideal choice for first-time buyers. MOVE-IN READY! Step inside to discover a bright and airy open-concept main floor, featuring 9-foot high ceilings which create the sense of space and light. The neutral designer paint throughout provides a fresh, inviting atmosphere that complements any style. The bright and contemporary white kitchen is complete with a subway tile backsplash, stainless steel appliances, quartz countertops, and modern light fixtures that add an elevated style. The breakfast bar is a great spot for casual gatherings - enjoy a hot coffee, bite to eat or glass of wine. This inviting kitchen seamlessly flows into the living and dining areas, making it perfect for entertaining family and friends. A convenient 2 pc powder room and main floor laundry closet adds to the home's functionality and ease of living. The spacious primary bedroom provides a serene retreat with ensuite privilege to a 4-pc bathroom, while the second bedroom is perfect for a nursery, guests or a home office. Enjoy the added bonus of two balconies on the second level—ideal for relaxing with a morning coffee or evening wind-down. Located in a vibrant community, you'll be steps away from a variety of restaurants, shops, schools, and major highways, making commuting and leisure activities a breeze. You'll also benefit from 2 parking spots situated right outside the unit along with visitor parking. This home offers the perfect blend of modern convenience and prime location. Don’t miss out on this incredible opportunity to own a move-in-ready home with all the features you’ve been dreaming of! (id:51158)
Homes for sale in Burlington

For sale $1,399,900

675 Woodview Road

Burlington, Ontario

4 Bedroom 2 Bathroom 2223 sqft

This beautiful South Burlington raised bungalow, with mature oasis of a backyard, has been completely renovated from top to bottom! Featuring 3+1 bedrooms and 2 full bathrooms, this open-concept with Mannington hardwood floors, is perfect for entertaining and family gatherings. The spacious living room and dining area boast bay windows that fill the room with natural light. The kitchen offers high-quality stainless steel appliances, custom cabinetry, huge island with seating, quartz counters and a convenient pantry. The main floor includes the primary bedroom with two closets, two additional spacious bedrooms and luxurious 4-piece bathroom. The new staircase leads to the lower level, with rec room featuring a fireplace, a versatile 4th bedroom with walk-in closet, a large bathroom with a walk-in shower, and loads of storage. The private backyard boasts mature foliage, spacious patio for entertaining or relaxing. Close to Downtown Burlington, schools, restaurants, shopping easy access to highways and more. (id:51158)
Homes for sale in Burlington

For sale $1,299,000

2025 Maria Street Unit# 406

Burlington, Ontario

2 Bedroom 2 Bathroom 1200 sqft

The Berkeley – Downtown Burlington's stunning hotel-inspired residence. Enjoy living in this luxurious 1200 sq. ft. 2-bedroom, 2-bathroom former model suite corner unit with southwest views and numerous upgrades. Modern design featuring 9' ceilings, a sleek two-tone kitchen with beautiful cabinetry, expansive quartz island, and premium finishes, including a quartz backsplash, smooth cooktop and built-in oven and a custom-paneled Monogram fridge. Spacious living area with floor-to-ceiling windows flooding the living and dining spaces with natural light and beautiful views. Master suite features a generous walk-in closet and spa-like ensuite with double sinks, a separate bath and a shower. Second bedroom conveniently located beside the full bathroom, offering privacy with a split floor plan. Relax or entertain on the private wraparound balcony with southwest exposure. Additional amenities include two underground parking spaces and two storage lockers. Ideal for those seeking a blend of luxury, functionality and modern urban living. Located just a short walk from the lake, shops, restaurants, and cafés, this residence combines luxury living with the ultimate downtown convenience. (id:51158)
Homes for sale in Burlington

For sale $699,000

415 Locust Street Unit# 309

Burlington, Ontario

1 Bedroom 1 Bathroom 755 sqft

This is an opportunity you don't want to miss! Located in desirable downtown Burlington, this meticulously renovated 1-bedroom suite in the sought-after Harbourview condominium has been completely transformed & upgraded throughout using top-of-the-line, gorgeous finishes! As you enter the space you will notice the gleaming, wide plank, hardwood flooring that spans the open concept living room, dining area and kitchen creating a cohesive and inviting space. Kitchen renovations include a large peninsula with quartz counters offering seating for 3-4 people while also providing convenient additional storage space. Custom deep cabinetry, stainless steel appliances, modern backsplash, and beautiful light fixtures complete this full kitchen renovation. Off the living room is a one-of-a-kind, extra-large terrace with a pergola, spanning the full width of the unit with sunny southwestern exposure. This additional space is perfect for entertaining large groups or simply enjoying a beverage while appreciating the outdoors. The primary bedroom is generously sized and offers direct access to the stunning, spa-like bathroom. Finished in gorgeous neutral tone stones and tiles, with gorgeous light fixtures, this 4pc bathroom looks like it came from a magazine. Enjoy the serenity it offers after a long day at work. The recent renovations also include new trim and crown moulding throughout the entire unit. One underground parking space and a storage locker are included. This condo is conveniently located near major amenities, including the lake, excellent schools, major highways, shopping, restaurants, a community center. This beautifully upgraded unit offers an exceptional living experience in a prime location. Don't miss out on this incredible opportunity! (id:51158)
Homes for sale in Burlington

For sale $649,900

1940 Ironstone Drive Unit# 904

Burlington, Ontario

3 Bedroom 2 Bathroom 906 sqft

Beautifully updated 2 bed + den, 2 full bath condo in Burlington's hip Ironstone Building. Located on the south-west corner of the 9th floor, this unit has views of the lake to the south and the escarpment to the west. Tons of upgrades within the unit include a kitchen re-fresh with refinished cabinets, under cabinet lighting, new backsplash, quartz waterfall countertop with counter height breakfast bar seating. The den has been transformed into a bar with built in storage with a beverage fridge and a new fireplace feature wall in the living area makes this space a comfy retreat after a long day. New lighting throughout. New bathroom vanities and fixtures. The split bedroom design with two full bathrooms is ideal for a young family, roommates or working from home professionals. Tons of building amenities including rooftop patio, gym with yoga studio, games room, car wash and more! One parking space and one storage locker owned. (id:51158)
Homes for sale in Burlington

For sale $1,549,000

5247 Spruce Avenue

Burlington, Ontario

4 Bedroom 3 Bathroom 2293 sqft

Upscale Living in Desirable South Burlington – Rare to Find, Professionally Updated Top to Bottom Bungalow on a Large Lot (67.13ft back side x 122.22ft on the longest side). Two Full Bathrooms and 3 Skylights on Main Fl, High-End Finishes Including Caesar Stone Countertops with Amazing Centre Island, Stainless Steel Appliances, Hardwood Floors And Beautiful Landscaping. Nothing To Do but Move And Enjoy. Separate entrance to the Fully Finished Lower Level with Additional Bedroom, Kitchenette and Spa-like Bathroom. Great Neighbourhood, Walking Distance To The Lake And Many Amenities (id:51158)
Homes for sale in Burlington

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