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$1,899,900

308 Appleby Line

Burlington, Ontario

3 Bedrooms4 Bathrooms2945 sqft

Exceptional home! This custom-built home is only 2 years new and sits in the highly sought-after Shoreacres neighbourhood. This 2-storey home is 3+1 bedrooms, 3.5 bathrooms and is approximately 2250 square feet plus a fully finished lower level! The main floor consists of a roomy foyer which opens to a large formal dining room with coffered ceilings that is connected to the kitchen by a servery. The gourmet kitchen has a large island, stainless steel appliances, quartz counters, stunning white custom cabinetry and a beautiful backsplash. The kitchen opens to a spacious family room with a soaring 2-storey ceiling, a gas fireplace with feature wall and backyard access. There is also a powder room and functional mud-room with garage access! The second floor of the home includes 3 spacious bedrooms including the primary with a large walk-in closet and spa-like 4-piece ensuite. The 5-piece main bath includes access to both bedrooms and has dual sinks. There is also bedroom level laundry! The lower level includes a 4th bedroom, rec room, 3-piece bath, wet bar and plenty of storage! The exterior of the home includes a 4-car driveway, irrigation system, beautiful curb appeal and a large private backyard. A FEW of the features of this incredible home include: wide-plank engineered flooring on the main and upper levels, 9 ft smooth ceilings with pot lights throughout. (id:51158)

For Sale$849,900

370 Martha Street Unit# 210

Burlington, Ontario

2 Bedrooms2 Bathrooms741 sqft

Are you ready to live in Luxury? Nautique Lakefront Residence is a way of life that combines world class amenities with easy living. This model is the most desired in the building. The best end unit layout featuring 2 Bedrooms with 2 full bathrooms. You will fall in love with the 741Sqft of sundrenched space featuring an open concept design with modern kitchen with island, floor to ceiling windows, high ceilings, unobstructed views of the rooftop garden, Bedroom with 4pc. ensuite and walkout to a relaxing spacious Terrace with room for lounge area and dining. The Amenities will feel like you are at a high end hotel. Outdoor lap pool surrounding by a grill kitchen and fire pit lounge area, Gym and Yoga studio overlooking the lake, 20th Floor Skylounge with full views of the lake and a party room. for your convenience and safety, there is 24HR concierge. there is 1 Underground spot and 1 Locker. Walk to the lake, Spencer Smith, walking/biking trails, restaurants sporting live music and shopping and go station nearby. (id:51158)

For Sale$1,388,800

2378 Headon Road

Burlington, Ontario

5 Bedrooms2 Bathrooms2728 sqft

Attention car enthusiasts, multi-generational families, and home-based business owners! Welcome to the ultimate property in Burlington’s Headon Forest! This custom-built, beautifully maintained 4-level side-split is designed with both space and versatility in mind—perfect for those with unique needs for work and play. A car lover’s dream, the expansive driveway accommodates up to 10 vehicles with ease, complemented by an oversized, heated 2-car garage, complete with an updated garage door and a 60-amp electrical panel ideal for vehicle maintenance, storage, or a workshop setup. Multi-generational families and those needing in-law space will appreciate the home’s spacious and flexible layout, allowing for privacy and comfort across its four levels. The updated kitchen (2022) features new stainless steel appliances and modern finishes, opening to generous living areas that are perfect for hosting, relaxing, or large family gatherings. For home-based business owners, landscapers, and hobbyists, this property is a rare find. The garage’s upgraded power supply and 30-amp panel in the shed provide excellent support for power tools, equipment, and other operational needs. Additional updates include soffits, eavestroughs, shingles, and attic insulation (all completed in 2017). Enjoy the beautifully landscaped grounds with ample outdoor space, perfect for those needing extra storage or room for work vehicles, tools, or projects. Situated near top-rated schools, scenic parks, and everyday conveniences, this property blends practicality with luxury in an unbeatable location. Don’t miss your chance to own this Headon Forest gem, tailored for those who need both space and specialized functionality! (id:51158)

For Sale$1,099,900

1452 Augustine Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1125 sqft

Nestled on a picturesque, tree-lined street, this charming 3-bedroom, 2-bath home offers both comfort and style, enhanced by a spacious backyard. The bright, eat-in kitchen features stainless steel appliances, gleaming granite countertops, pot lights, and a large window with peaceful backyard views. Recent updates include brand-new flooring throughout all three levels, including the staircases, new light fixtures, and freshly painted throughout. The finished lower level includes a three-piece bath, while both upper-level bedrooms offer generous walk-in closets. Outside, the beautiful deck provides the perfect spot for relaxation or entertaining, and the powered shed is ideal for a workshop. Conveniently located near schools, parks, shopping, dining, and other amenities, this home blends convenience and charm perfectly. (id:51158)

For Sale$3,299,000

2365 Britannia Road

Burlington, Ontario

4 Bedrooms3 Bathrooms4059 sqft

Nestled on a serene 5.65-acre property, this beautiful rural retreat offers a perfect blend of modern comfort and natural beauty. Winding trails meander through the lush forest, inviting you to explore your private paradise. The home boasts 4 spacious bedrooms, 2.5 luxurious baths, and over 4,000 square feet of elegant living space. Step into the stunning great room, where a wood-burning fireplace and a wall of windows frame breathtaking views of the surrounding majestic trees. The eat-in kitchen features quartzite countertops, stainless steel appliances, a bar area, and a large island. The cozy sunroom with a gas stove is ideal for savoring your morning coffee. The family room, warmed by a gas fireplace, is perfect for family gatherings. Gorgeous hardwood floors flow throughout the home, complementing the updated bathrooms and functional mudroom. The primary suite is a true sanctuary, with private patio access, a 6-piece ensuite bath featuring heated marble floors, a free-standing soaker tub, double vanity, glass shower, and a spacious walk-in closet with heated floors for added luxury. Outside, the property offers endless possibilities with a workshop, a chicken coop, a vegetable garden, and an orchard with fruit trees. This property provides the perfect balance of tranquility, comfort, and modern amenities, making it an idyllic countryside escape. (id:51158)

For Sale$2,550,000

3362 Guildwood Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms2459 sqft

Modern sophistication in South Burlington! Roseland reno - easily mistaken for a new custom home. Situated on a quiet, tree lined street, exterior features natural elements of wood, stone & concrete. Impressive multi-level foyer greets you on entry, heated tile flooring & stunning tiered chandelier-1 of many contemporary lighting fixtures to catch your eye. Chef's kitchen with central island overlooks the dining area-ideal for entertaining. Custom Italian Muti cabinetry, Caesarstone counters & concrete pendant lights. The sunken living room off the kitchen has a double-sided fireplace, floor-to-ceiling windows & connects to the expansive covered porch. Multi sliding glass doors allow for easy indoor-outdoor living & abundance of natural light. Home office is quietly tucked away, along with a guest powder room & convenient mud room. Primary is sure to impress - walk-in closet & private ensuite that could rival any 5-star hotel! The fully-finished LL offers ample additional living space, including a rec room & a games/lounge room. Spacious backyard could easily accommodate a future inground pool. Located in the Tuck/Nelson school district close to amenities & the lake. Homes of this calibre don't come around often! (id:51158)

For Sale$629,900

657 Francis Road Unit# 3

Burlington, Ontario

3 Bedrooms2 Bathrooms1318 sqft

A fantastic opportunity awaits first-time homebuyers or investors, with this 3-bedroom townhouse offering approx. 1,300 sq ft of living space. The spacious, open-concept layout includes 2 bathrooms and a finished basement. The private and quiet patio extends from the dining area. Just minutes from downtown Burlington, Mapleview Shopping Centre, restaurants, Hospital, and parks. Close to the lake, and providing easy access to highways, this home offers both convenience and comfort. (id:51158)

For Sale$1,599,998

4264 Vivaldi Road E

Burlington, Ontario

4 Bedrooms4 Bathrooms3072 sqft

Exceptional, Welcome to this meticulously executive home in Alton Village! Fabulous detached home with double door entry leads you to the welcoming foyer and open concept floor plan with high ceilings. Almost 3,000 sq feet of living space including fully finished basement featuring extra bedroom, full bathroom, built in closets and extra storage. Beautiful family room with gas fireplace and loads of natural light opens to large dining area. Spacious custom kitchen with quartz counters, S/S appliances, valence lighting, pot lights, large island and walk-out to yard. Stunning hardwood staircase leads you upstairs. The second floor features the Family room, you'll also find 4 generously sized bedrooms , primary bedroom, complete with a spa-like ensuite, closets, providing the perfect sanctuary to unwind after a long day. On this floor, a conveniently located and spacious laundry room. The residence is ideally situated in close proximity to all of life's necessities. Easy access to major highways, 403, 407, Plus, it's located near reputable schools and parks, Golf course, shopping plaza's making it an idyllic choice for families or young professionals seeking a blend of comfort, convenience and luxury! you'll enjoy the tranquility of suburban living while being just moments away from the vibrant amenities of Burlington. (id:51158)

For SaleOPEN HOUSE$1,549,900

2227 Deyncourt Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms2603 sqft

Beautifully renovated Bungalow on a 65' x 124' private lot in the heart of downtown Burlington. Features include Main Floor Addition with gas stove, Primary Bedroom with 4 piece Ensuite and walk-in closet by Closet Envy, Open Concept Gourmet Kitchen and Fully Finished Lower Level. (id:51158)

For Sale$1,200,000

473 Blathwayte Lane

Burlington, Ontario

1 Bedrooms2 Bathrooms900 sqft

Location, Location! Downtown Burlington. No Condo Fees. Rare Freehold Loft Townhouse in Mint Condition. A pleasure to show! (id:51158)

For Sale$724,980

5250 Lakeshore Road Unit# 201

Burlington, Ontario

2 Bedrooms2 Bathrooms1185 sqft

For more info on this property, please click the Brochure button below. Welcome to Admiral’s Walk, a stunning building located on the shores of Lake Ontario in Burlington. This meticulously maintained unit offers a spacious living room with large ceramic floor tiles that extend into the kitchen, living, and dining areas. The living room opens up to a balcony, providing a perfect spot to enjoy the view. The custom kitchen is a chef’s dream, featuring granite countertops, a beautiful backsplash, a pullout lazy susan, and white appliances, including a stove, dishwasher, refrigerator, and Spacemaker microwave oven. The dining room boasts a floor-to-ceiling window, flooding the space with natural light. A sunken den with hardwood flooring and a floor-to-ceiling window offers great versatility, serving as a home office, guest room, or additional living space. The large primary bedroom features a floor-to-ceiling bay window and hardwood flooring, ensuring a carpet-free environment. The 3-piece ensuite bath includes a vanity and a pocket door renovation. The open-concept living and dining rooms provide ample space for entertaining guests. The unit also includes in-suite laundry, with an option to use the 2nd-floor laundry facilities. All blinds and electrical light fixtures are included, except for those in the dining room. The building offers a range of amenities, including an outdoor pool, sauna, newly renovated gym, games room, party room, workshop, underground parking, and a car wash. It is conveniently located close to shopping, highways, and the Appleby GO Station. Visitors parking and 24-hour video security are also available. This unit is in move-in condition and ready to become ones new home. Don’t miss the opportunity! (id:51158)

For Sale$799,999

5240 Dundas Street Unit# 203

Burlington, Ontario

4 Bedrooms2 Bathrooms1245 sqft

For more info on this property, please click the Brochure button below. Welcome to this beautiful 2-storey condo, offering 1245 square feet of modern living space in the desirable Orchard neighborhood. Step inside to the open-concept ground floor, greeted by the centerpiece glass staircase, and surrounded by 13-foot soaring ceilings. This elegant two-storey condo boasts 3 spacious rooms, 2 bathrooms, and a versatile den, perfect for an additional home office or guest room. There is also 1 indoor parking spot on the ground floor, ensuring no snow removal during winter! For those who enjoy luxury and relaxation, the amenities room located in the courtyard is a true highlight. It features a well-equipped gym, hot tubs, a sauna, pool table room, and a party room for entertaining friends and family. Additionally, this condo sits right next to the Twelve Mile Trail, surrounded by the natural beauty of Bronte Creek Provincial Park, perfect for long relaxing walks on the weekend. Lastly, location, location, location! This condo is a 2-minute drive to Appleby Street, offering 5 different plazas all within a 2–10-minute drive, providing an abundance of options for groceries, dining, take out and other essentials. Furthermore, elementary schools are within walking distance within the Orchard neighborhood. It’s also conveniently located just an 11-minute drive to Bronte GO and a 12-minute drive to Appleby GO. Experience the perfect blend of luxury and convenience in this stunning 2-storey condo, nestled in one of the best neighborhoods in Burlington. (id:51158)