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 OPEN HOUSE $1,298,000

5240 Meadowhill Road

Burlington, Ontario

3 Bedroom 2 Bathroom 2237 sqft

Sought after White Pines neighborhood is home to this wonderful family home loaded with comfortable charm. Immaculate updated 3 level side split situated on a premium sprawling private mature lot in highly desirable SE pocket of Elizabeth Gardens within walking distance to lake. Upgrades include roof (2015), windows ( 2005-2017 ) main bath (2020 ) primary retreat ( 2021 ) HVAC ( 2008 ), freshly painted throughout. Approximately 2,237 of finished open concept living space that includes rustic main floor den/sunroom with fireplace, kitchen is open to dining and living rooms, gorgeous primary retreat, above grade oversized family room. Kitchen has been refreshed boasting a breakfast bar, ample counter and cupboard space. Three bedroom plan easily converts back to original four bedrooms. Oversized windows throughout affords an abundance of natural light, two walk-outs for easy access to a fabulous back garden retreat that includes gas firepit, convenient garden shed, huge family size deck surrounded by perennial gardens. Easy flow throughout all levels with patio door access from kitchen to grade level patio, idea for entertaining. Lower level offers walk-up access, workshop/utility room with ample storage. Fantastic mature location in a highly sought after school district, steps to parks, shops, gourmet grocers and dining. Minutes to Appleby Go and easy highway access. Well maintained, move in and enjoy or add your personal touch. Amazing opportunity to a fabulous neighborhood. (id:51158)
Homes for sale in Burlington

For sale $1,899,900

2134 New Street Unit# 1

Burlington, Ontario

4 Bedroom 4 Bathroom 3610 sqft

Welcome to Red Path Place – where luxury meets convenience, just steps from downtown Burlington and the serene lakefront, nestled in an exclusive enclave of upscale homes. This meticulously crafted two-story residence blends elegance with modern functionality. The home’s stunning façade showcases timeless stonework, huge windows, and stone pillars flanking a concrete and aggregate driveway, for spectacular curb appeal. As you enter, the exposed aggregate walkway enhances the charm and leads to over 3,500sqft of finely detailed living space. Inside, the home features luxurious finishes, including rich hardwood floors, soaring 9-foot smooth ceilings, and 8-foot interior solid wood doors. The open-concept main floor centers around a grand 9-foot gas fireplace with bookmatched stone surround, creating a warm and inviting living area. The chef’s kitchen is an entertainer’s dream, boasting Thermador appliances, Caesarstone countertops, a Brizo pot filler and European-style cabinetry. A dedicated main-floor office provides the perfect work-from-home retreat. The second level primary bedroom suite offers an oasis of relaxation with large windows, a custom walk-in closet, and a spa-like ensuite. Convenience continues on the second floor with 2 additional bedrooms, a well appointed 5pc bathroom, and a spacious laundry room. The fully finished lower level is ideal for entertainment, featuring a family room, media room, an additional bedroom and a full bath. Storage and a cold cellar complete the space. Step outside to the fenced backyard, where a newly installed composite deck offers built-in seating and storage, perfect for outdoor dining or lounging. An integrated irrigation system ensures the landscaping remains lush year-round. Situated within walking distance of Burlington’s vibrant downtown, parks, shops, and restaurants, and just moments from the lake, this home combines high-end living with everyday convenience. (id:51158)
Homes for sale in Burlington

For sale $939,000

2199 Prescott Place

Burlington, Ontario

3 Bedroom 3 Bathroom 1460 sqft

LOCATION, LOCATION, LOCATION! This gorgeous freehold townhouse checks all the boxes and is ready to enjoy. Situated in the coveted Orchard community on a private one-way street, fronting Prescott Parkette. This 1460 square foot freehold townhouse offers three bedrooms and two and a half bathrooms, one of which includes a primary ensuite. The lower-level features soaring ceilings, garage access and walk out to the low maintenance private backyard. The home has been well cared for and has just been professionally painted throughout. Enjoy family friendly living, close proximity to schools, shopping and transit. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $1,595,000

2440 Auckland Drive

Burlington, Ontario

5 Bedroom 4 Bathroom 2397 sqft

Welcome to your smart home haven in The Orchard, one of Burlington’s most sought-after family neighborhoods. This meticulously maintained 5 bedroom, 4 bath gem combines comfort and convenience with state-of-the-art technology, letting you control your home with the press of a button. The kitchen, overlooking the backyard, features pot lights and a wine rack, perfect for meals and entertaining. It opens to the family room, with the living room separated by the dining room. The cozy living room, with a custom mantle, fireplace, and surround sound system, is ideal for relaxation and cinematic experiences. Upstairs, the bathrooms and bedrooms offer a modern look with California shutters, creating stylish retreats. The basement adds 905 square feet of finished space for entertaining or relaxation, featuring Wi-Fi-controlled lights and a custom TV credenza. Fitness enthusiasts will appreciate the dedicated workout room with rubber flooring, mirrors, and built-in shelves. Step outside to a private backyard retreat with a hot tub under the stars and a new cedar lean-to garden shed. Enjoy a tranquil setting with no rear neighbors. Many thoughtful updates have been made—please review the list to see all the enhancements that make this home exceptional. Step into this blend of luxury, technology, and comfort, and start envisioning your new life here today! (id:51158)
Homes for sale in Burlington

For sale $1,599,000

642 Cherrywood Drive

Burlington, Ontario

4 Bedroom 3 Bathroom 2111 sqft

Welcome to this stunning home in the sought-after Aldershot neighborhood, just a short walk to the lake, schools, and parks. Enjoy the convenience of being mins from shopping, dining, Burlington Golf & CC, highways, the mall & amenities. This beautifully updated home boasts a refinished exterior (2022) with Kayan Premium Engineered Wood Siding, new trim, eavestrough, insulation, Tyvek, soffit, fascia, shutters, and pillars, along with a newer front door. With 2789 SF of total finished living space, the home features main floor laundry, a double garage with inside entry and driveway parking for 2 cars. The eat-in kitchen is a chef's delight with an island, Caesarstone counters, SS appliances, a new (2024) side-by-side fridge and dishwasher, and a professional stainless steel Air King kitchen range hood. Step out to the professionally landscaped, fully fenced rear yard complete with a hot tub, shed with electricity, BBQ area with gas hookup, and outdoor natural gas fireplace. Inside, the dining room has hardwood floors and the family room features a cozy gas fireplace. The upper floor showcases newly installed shaker doors (2024) to match the main floor, a primary suite with a 2PC ensuite, and a 5PC main bathroom with a separate shower and whirlpool tub. The lower level offers a recreation room with a gas fireplace, carpeted floors, and an exterior walk-up. This home truly has it all – a perfect blend of luxury, convenience, and comfort (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $915,900

2099 Chrisdon Road

Burlington, Ontario

2 Bedroom 3 Bathroom 1456 sqft

Welcome to this updated & upgraded Headon Forest Burlington FREEHOLD- no condo fee here! 2 bedrooms, 2.5 baths Townhome located in a quiet & mature neighborhood, close to wonderful schools parks & all amenities. 2 large beds include a huge Primary retreat with oversize ensuite, custom closets & doors. Main floor boasts a multi-functional Living room/dining room with vaulted ceiling, wide laminate wood flooring, modern galley style eat in kitchen, gas fireplace & walkout to entertainer’s private deck on a deep low maintenance fully fenced lot. Finished basement with ample storage provides another 650 of living space. A main level laundry & sunny front porch finish off this fantastic layout that has been abundantly updated inside and out! A wonderful opportunity for turnkey living w/NO condo fees, 3 car parking! (id:51158)
Homes for sale in Burlington

For sale $2,999,999

4316 Derry Road

Burlington, Ontario

3 Bedroom 4 Bathroom

Welcome to your secluded haven at 4316 Derry Road, Burlington, just minutes from Milton! This custom home on 10+/- acres boasts private walking trails and luxurious living. Seamlessly blending elegance with nature, this three-bedroom, four-bathroom villa is a must see! Enjoy captivating escarpment views and easy access to the Rattlesnake Conservation area. Indulge in the renovated kitchen with quartz countertops, alongside amenities like an indoor pool, sauna, tennis court, and pond. The hand-carved barnwood exposed beams throughout the home infuse a rustic charm, perfectly balancing with the modern updates that provide contemporary convenience and amenities. Recent upgrades, including newer windows and bathrooms, enhance the allure of this retreat. Recent enhancements such as a new carport (2024), exterior lighting, fire pit, freshly painted tennis court and pergola elevate the outdoor experience. NEC approval for 1698 square foot addition, details and drawings provided upon request. Updates in 2023 brought new flooring, carpets, and kitchen improvements, while the pool area was revamped in 2022-23. RSA. (id:51158)
Homes for sale in Burlington

For sale $2,999,999

4316 Derry Road

Burlington, Ontario

3 Bedroom 4 Bathroom 3010 sqft

Welcome to your secluded haven at 4316 Derry Road, Burlington, just minutes from Milton! This custom home on 10+/- acres boasts private walking trails and luxurious living. Seamlessly blending elegance with nature, this three-bedroom, four-bathroom villa is a must see! Enjoy captivating escarpment views and easy access to the Rattlesnake Conservation area. Indulge in the renovated kitchen with quartz countertops, alongside amenities like an indoor pool, sauna, tennis court, and pond. The hand-carved barnwood exposed beams throughout the home infuse a rustic charm, perfectly balancing with the modern updates that provide contemporary convenience and amenities. Recent upgrades, including newer windows and bathrooms, enhance the allure of this retreat. Recent enhancements such as a new carport (2024), exterior lighting, fire pit, freshly painted tennis court and pergola elevate the outdoor experience. NEC approval for 1698 square foot addition, details and drawings provided upon request. Updates in 2023 brought new flooring, carpets, and kitchen improvements, while the pool area was revamped in 2022-23. Don’t be TOO LATE*! *REG TM. RSA (id:51158)
Homes for sale in Burlington

For sale $1,695,000

1336 Monmouth Drive

Burlington, Ontario

5 Bedroom 3 Bathroom 2464 sqft

Welcome to this stunning 2-storey home in the desirable North Tyandaga community. Nestled among mature trees, this property offers a stone walkway, beautiful landscaping, and a charming covered front porch. Inside, a spacious foyer welcomes you with a floating wood curved oak staircase, wrought iron spindles, and a stone feature wall (2022). Enjoy 2,927 SF of total finished living space. The main floor boasts hardwood floors, new tiles (2022), and a traditional layout with a formal dining room, coffered ceiling (2022), and pot lights. The large eat-in kitchen is completely renovated (2021) with a center island, quartz counters, SS appliances, and ample storage. Enjoy seamless indoor-outdoor living with sliding doors leading to a private, fully fenced backyard featuring a heated plunge pool, stone patio, deck, and firepit area—perfect for entertaining. Upstairs, the generous primary bedroom offers a walk-in closet and a luxurious 5-piece ensuite (2020) with a standalone tub and glass shower. Four additional bedrooms and a renovated main bath (2020) provide ample space for family and guests. The lower level, partially finished in 2020, offers a gym/recreation area. Recent updates include baseboards (2023), fresh paint (2023), and crown moulding (2022). Located minutes from trails, greenspaces, golf, amenities, and downtown Burlington, this home offers the best of both convenience and tranquility. Don't miss this opportunity! (id:51158)
Homes for sale in Burlington

For sale $649,888

34 Plains Road E, Unit #208

Burlington, Ontario

2 Bedroom 2 Bathroom 1026 sqft

Welcome to your new home in the heart of Aldershot—a stunning 1 bedroom plus den condo that offers an exceptional blend of comfort, convenience, and style. Spanning approximately 1,026 sq. ft., this spacious unit is bathed in natural light from its inviting east-facing views, creating a warm and welcoming atmosphere throughout. Step inside to discover a modern, open-concept layout where the living and dining areas flow seamlessly, perfect for both entertaining and everyday living. The chef’s kitchen is a culinary dream, featuring a large island ideal for meal prep and casual dining, alongside sleek finishes and ample storage. The den is a versatile space, ready to adapt to your needs—whether as a cozy office, a guest room, or a private retreat. Enjoy the luxury of no carpets, making maintenance a breeze and enhancing the condo's clean, contemporary feel. Take advantage of your own private balcony, where you can unwind and savor the views. With two parking spots—one underground and one above-ground—parking is always convenient. Located just minutes from Aldershot GO Station, and with easy access to the QEW and 403, your daily commute is simplified. Plus, explore the vibrant local scene with charming shops and restaurants just around the corner. Don't miss this opportunity to own a condo in one of Aldershot’s most desirable areas. Schedule your visit today and experience the perfect blend of modern living and unbeatable location. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,499,000

947 Easterbrook Avenue

Burlington, Ontario

4 Bedroom 3 Bathroom 1309 sqft

Beautifully appointed bungalow in sought after south Aldershot location offering over 2,600sq' of finished living space. All upgrades done in the past 5 years including, kitchen, bathrooms, windows, roof, furnace, AC & more. Open concept layout makes this home great for entertaining. Main floor features living room with large picture window offering loads of natural light. Kitchen w/quartz counters, island & breakfast bar, 2 bedrooms with custom built-in closets & 2 full bathrooms including 4-piece ensuite. Room for large dining table and loads of additional storage for kitchen accessories. Basement offers larger windows, laundry, 2 bedrooms, 3-piece bath & huge rec room with ample room for hosting large gatherings. Private backyard with deck, shed and beautiful perennial gardens. Extra deep detached garage with hydro. Just steps to the lake, LaSalle Park & Marina, RBG, Burlington Golf & CC and quick access to 403, 407 and Aldershot GO. Nothing to do but move in and enjoy everything this home has to offer. (id:51158)
Homes for sale in Burlington

For sale $745,000

469 Woodview Road, Unit #3

Burlington, Ontario

3 Bedroom 2 Bathroom 1316 sqft

Located in the sought-after Dynes neighborhood, 3-469 Woodview Rd offers a family-friendly townhome perfect for those seeking comfort, convenience & lifestyle. This meticulously well maintained 3-bedroom, 1.5-bath gem is located in a quiet corner of the complex and backs onto greenspace making it ideal for families. The main floor offers a spacious living room with a walk-out to a private patio, plus a separate dining area that opens to an updated kitchen with stone backsplash, double corner sink and under cabinet lighting. Features include a convenient vestibule at front entry, California Shutters throughout, some hardwood flooring, master bedroom with double-door closets and Central Vac. The finished basement, complete with pot lights, provides extra living space, while the community pool adds family summertime fun. Close to schools, parks, and shops this home offers a prime location for the modern family. (id:51158)
Homes for sale in Burlington

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