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$474,900

1117 Cooke Boulevard Unit# A301

Burlington, Ontario

1 Bedrooms1 Bathrooms515 sqft

Welcome to A301 at 1117 Cooke Boulevard in the conveniently located region of Central Aldershot. This third floor south facing unit provides a beautiful view from the oversized patio and is just minutes from the lake. The main living space flows from the kitchen through to the living room with beautiful floor to ceiling windows. Off the living room is the bright and spacious bedroom and next door is the 4-piece bathroom with in-suite laundry around the corner. The perfect space for a professional or couple looking to have quick and convenient highway and GO Train access for work or a night out. Enjoy in-suite laundry, a sizeable locker and 1 designated underground parking space. Book your showing today and Let's Get Moving! (id:51158)

For Sale$1,799,990

2060 Lakeshore Road Unit# 1401

Burlington, Ontario

3 Bedrooms2 Bathrooms1276 sqft

RARE opportunity to own a high-quality prestigious waterfront 2 bedroom & a Den, 2 bathroom, 1270+ sqft condo in Downtown Burlington. Welcome to Bridgewater Private Residences. This luxurious corner suite features breathtaking views of Lake Ontario and downtown Burlington from an oversized private balcony, an open-concept state-of-the-art kitchen surrounded by floor-to-ceiling windows, and two large bedrooms with fully upgraded 4 and 5-piece en-suite bathrooms. Complimented by a bright and spacious Den, this condo truly has it all. Over $70,000 worth of builder upgrades including top-quality Thermador appliances, Barzotti cabinets, an oversized island with quartz countertops that chefs only dream of, a built-in fridge and convection oven, engineered hardwood flooring, custom lighting throughout, and custom wall and ceiling finishes. A 5-piece en-suite bathroom complements the primary bedroom overlooking Burlington downtown core. Enjoy perks such as access to the indoor pool, spa and restaurant at the attached Boutique Pearle Hotel. With 2 parking spots (with EV charger roughed-in) and a storage locker conveniently located in the underground garage, this unique property will exceed the highest of expectations. Book your showing today and get ready to be amazed. (id:51158)

For Sale$699,999

5070 Pinedale Avenue Unit# 402

Burlington, Ontario

2 Bedrooms2 Bathrooms1222 sqft

Discover this spacious 2-bedroom, 2-bath Split Layout condo in the heart of Burlington! Featuring an inviting eat-in kitchen with white cabinetry, stylish backsplash, open concept Living – dining area with Floor to ceiling windows overlooking green space walk out to the private balcony each bedroom has bathroom access & wall to wall closets, The solarium has direct access to the balcony and could serve as home office or flex space. Enjoy additional storage space for all your needs with large locker & 2 parking spaces included Located in a prime area, you're just moments from shops, restaurants, Fortinos, & easy highway access. This condo combines comfort and convenience, making it the perfect place to call home! Don’t miss out—schedule your viewing today! Numerous amenities & activities. (id:51158)

For Sale$2,199,000

2049 Country Club Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2000 sqft

Stunning home backing onto the Millcroft Golf Club fairway and pond! This elegant family home features 4 spacious bedrooms and 3 bathrooms on a gorgeous lot. The main floor is a traditional floorplan with rich hardwood flooring, 2 gas fireplaces, and separate living, dining, laundry, and family rooms. The kitchen features a large island, stainless steel appliances, double sinks, and granite countertops. Upstairs the large primary suite is complete with two walk-in closets and a 4-piece ensuite with a jetted tub. The fully finished basement includes a bar in the rec room for entertaining plus an abundance of storage. Outside find professionally landscaped gardens and the beautiful humpback kidney shaped in-ground saltwater pool overlooking the golf course. Don't miss your opportunity to see this beautiful Millcroft home! (id:51158)

For Sale$1,390,000

2163 Alconbury Crescent

Burlington, Ontario

7 Bedrooms4 Bathrooms2712 sqft

This 5+2 bedroom home is a hidden treasure in family friendly Brant Hills. Owned solar panels (with monthly rebate from hydro). Large principal rooms, potential for 2 more bedrooms in the spacious finished basement with gas fireplace, 3 pc bath and wet bar. Upper lvl boasts 5 large bedrooms with California shutters, master with en-suite and main bath with double sinks. Main lvl features an eat-in kitchen, large living/dining room and a family room with wood burning fireplace and patio doors to the fully fenced pool sized lot. Minutes to Sinclair park, close to hwys and shopping. This is a must see home. (id:51158)

For SaleOPEN HOUSE$2,095,000

335 York Road

Burlington, Ontario

3 Bedrooms2 Bathrooms2014 sqft

Welcome to this charming custom-built home, nestled on a serene 3.34-acre lot in Aldershot. Owned by the same family since 1981, this property offers the perfect blend of peaceful country living with the convenience of city amenities just minutes away. Ideal for those seeking space for a hobby farm or simply room to relax, this home features a double car garage, 3 spacious bedrooms, and 2 bathrooms. Inside, enjoy ample living and entertaining spaces, while the outdoors offers even more room to host and enjoy nature. A large workshop with power sits at the back of the property, perfect for projects or extra storage. Key updates include a new 5,000-gallon cistern (2022), windows (2002), roof (2012), furnace (2015), heat pump/AC (2015), and a garage door with remotes (2024). This is a rare opportunity to own a slice of tranquility on the outskirts of town. Perfect for those who need to commute as the Go Station is only minutes away, convenience for anyone looking to head into the City. Don’t miss out! (id:51158)

For Sale$1,195,000

3333 New Street Unit# 83

Burlington, Ontario

3 Bedrooms3 Bathrooms1967 sqft

Upscale executive townhome in prime Roseland Green. 1967 sq ft Tiffany model with double car garage. Beautifully remodelled open concept plan with fabulous centre island. Spacious Great Room adaptable to all lifestyles. Incredible upper level Family Room with vaulted ceiling and gas fireplace. Spacious Primary Bedroom with walk-in and 4pce ensuite. Spectacular Bathrooms. Rich hardwoods on upper level. Main areas freshly painted. Furnace/AC 2022. Walkout to private patio. Lushly landscaped, quiet and treed setting. Close to L. Ontario, bike path, transportation, shopping and all amenities. (id:51158)

For Sale$1,299,000

3318 Dundas Street

Burlington, Ontario

3 Bedrooms2 Bathrooms2142 sqft

Welcome to 3318 Dundas St, Burlington's most unique residential experience situated on almost 2 acres of land. Located just north of the desirable Headon Forest community, this incredible space provides access to the community's schools and amenities combining a natural retreat within an urban setting. Originally built in 1867 as St. Pauls Presbyterian Church, this structure has been transformed into a home filled with unforgettable character and timeless charm while satisfying today's modern desires. Upon entering youll be transported back in time by the original pine floors and incredible stained glass windows. You wont be able to keep your eyes from gazing up or your mouth from saying WOW as you are drawn to the 16 ft ceilings and unbelievable natural light. The open concept living space is incredibly versatile with the extensive kitchen island being the focal point. You will have the ability to tailor this space to suit any preference, from setting up a cozy and relaxing sectional couch, a piano nook or a formal dining space that can be home to any size table imaginable. Completing this space you will find 3 bedrooms (1 being a loft style), with the primary having a 3 pc ensuite and a 5 pc updated bath with soaker tub. To the rear of the home you have an amazing separate secondary space that can be a dedicated home office or a private space for guests. To the side of the home, you'll find an immense side yard with a great patio, perfect for entertaining or having a game of soccer with the family while backing onto lush mature tree lined landscape. But thats not all.. On the opposite side of the property, across the cemetery (which is maintained by the city of Burlington), you will find more dedicated green space with a fenced garden, and an updated bunkie with fire pit and deck. This space welcomes your imagination to bring it to its fullest potential, the possibilities truly are endless. (id:51158)

For Sale$3,999,999

298 Shoreview Road

Burlington, Ontario

5 Bedrooms5 Bathrooms3605 sqft

Welcome to the one of the most unique lots in the HIGHLY sought after Aldershot neighbourhood, offering 4800 square feet of custom, finished living space! Situated on a half an acre lot, this property fronts a large ravine, providing unparalleled privacy and a serene, natural setting. Enjoy the tranquility of feeling like you're up north while in the heart of the city. This magnificent home features 4+1 spacious bedrooms and 4+1 elegant bathrooms, perfect for accommodating families of all sizes, while featuring custom-built cabinetry throughout and custom site-finished hardwood flooring, reflecting superior craftsmanship. An abundance of windows allows natural light to flood the living spaces, creating a warm & inviting atmosphere, while enjoying partial lake views from several rooms, enhancing the home’s natural charm. Additionally, with a side door entrance and finished basement, the home offers in-law suite potential, providing flexibility for extended family living. The backyard oasis includes an inground saltwater pool, complete with an outdoor shower, ideal for relaxing and entertaining. Conveniently located close to downtown Burlington, three major highways, the GO Station, and downtown Hamilton, this home combines luxury living with easy access to essential amenities. Experience the best of both worlds—privacy & nature, with city conveniences just moments away. Don't miss the opportunity to own this exceptional property! R.S.A. (id:51158)

For Sale$1,449,000

2141 Cartier Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3990 sqft

Welcome to this charming 4-bedroom, 3-bathroom home, offering a perfect blend of comfort and style in a family-friendly neighborhood. The inviting front porch is the ideal spot to enjoy your morning coffee or relax in the evenings, setting the tone for this warm and welcoming property. Inside, you'll find spacious living areas filled with natural light—perfect for both daily living and entertaining. The kitchen boasts modern finishes, ample cabinetry, and a breakfast bar. Upstairs, the generously sized bedrooms provide plenty of space for family and guests, while the primary bedroom includes an en-suite bathroom for added convenience. The finished basement offers a versatile space for a family room, home office, or gym. With a beautifully landscaped yard and plenty of room to play or garden, this home offers a lovely outdoor space to enjoy. Don’t miss this opportunity for comfortable, stylish living! Too many upgrades to list! (id:51158)

For Sale$1,149,000

1043 Joan Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1286 sqft

Located in desirable Aldershot, walking distance to many amenities. Large fully fenced lot with spacious composite deck, single car garage and double drive (5 car parking). Charming 3 bedroom, 2 baths (master ensuite with heated flooring, recently painted throughout). Many upgrades including, kitchen, bathrooms, windows roof (shingles), hardwood flooring on main level. Beautiful family room with gas fireplace on main level and access to backyard & deck. Lower level is partly finished and waiting for your finishing touches, show with confidence. (id:51158)

For SaleOPEN HOUSE$819,000

430 Pearl Street Unit# 514

Burlington, Ontario

2 Bedrooms2 Bathrooms1283 sqft

Spacious and updated 2 bed, 2 full bath unit in boutique 430 Pearl Street (“Residences of Village Square”) set in prime downtown Burlington! Sought after “split” layout. Incredible value for 1283 sqft in an upscale setting. This unit boasts a spacious living room, and a proper dining room space. Updated kitchen with stainless steel appliances (fridge, stove, dishwasher, B/I microwave hood), under cabinet lighting & eat-in breakfast area. Large primary suite with walk-in closet (with built-in shelving), and renovated ensuite with glass enclosed shower & separate jacuzzi tub. Spacious second bedroom with double closet (with organizers), and second renovated full bathroom. Includes underground parking. Building includes common rooftop BBQ area, party room and car wash station. 430 Pearl boasts an elegant exterior & timeless interior, with respectful residents. Amazing location close to waterfront, parks, and the full array of shops & restaurants downtown Burlington has to offer! *Pets restricted. No dogs allowed (id:51158)