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 $699,900

320 Plains Road E Unit# 312

Burlington, Ontario

2 Bedroom 2 Bathroom 900 sqft

Highly desirable Rosehaven Affinity conveniently located in trendy Aldershot close to restaurants, shops, public transportation and GO Station. 900 sq ft, 2 bedroom 2 bathroom locker on same level. Open concept Great Room, customized kitchen, Stainless Stove, Fridge , microwave, over counter lighting, centre island, Corian countertops. Graciously finished with all the right touches. Very friendly professional building with executive level features in lobby & lounge. Amenities include rooftop furnished terrace 2 BBQ's & Fireplace, Yoga, billiards, party room & professional gym. Tres Chic for today's young professionals with a busy lifestyle and active retiree's. Pet friendly with limitations. (id:51158)
Homes for sale in Burlington

For sale $1,229,000

2946 Singleton Common

Burlington, Ontario

2 Bedroom 3 Bathroom 2223 sqft

Welcome to this magnificent freehold raised bungalow, backing onto tranquil green space! Featuring 2 bedrooms and 3 full bathrooms within approximately 2223 square feet of above-grade living space, this home offers a blend of comfort and elegance. The open-concept layout showcases hardwood flooring, 9-foot ceilings, and an abundance of natural light. The stylish white kitchen comes with stainless steel appliances, granite countertops, and a spacious pantry. Entertain guests in the generous living and dining areas that open to a private backyard retreat. The primary bedroom is a haven with a luxurious 5-piece ensuite and a walk-in closet. Additionally, the main floor includes a second bedroom, a 3-piece bathroom, and a convenient laundry area. The walk-out lower level is bright and inviting, featuring large windows, a spacious family room with a gas fireplace, a lovely 4-piece bathroom, a roomy den, and ample storage. Outside, enjoy a single-car garage with great storage, stamped concrete driveway, private backyard with a large wood deck and an aggregate concrete patio. The low-maintenance perennial gardens add a touch of charm. Located in the serene Millcroft community, this home is ideal and is conveniently close to all amenities. Recent updates include a newer furnace and AC (2022) and shingles (2019) (id:51158)
Homes for sale in Burlington

For sale $2,098,888

5111 Walkers Line

Burlington, Ontario

5 Bedroom 7 Bathroom

An Absolute Show Stopper! A perfect Combination Of Premium Quality Workmanship &Finishes. Spectacular Country Bungalow Fully Renovated Located Within Minutes to the City Living. Beautifully Designed Home with 3 bedrooms With 4pc Ensuite Washrooms on the Ground Floor. Beautiful Kitchen With Custom Cabinets, S/S Appliances and Quartz C/Top. Luxury & Resort Style Living room W/Large Stone Fp Truly Give You A Resort Like Feel. Large Back Windows W/Stunning Views Of Your Tree Line & Massive Lot. Lower Level Finished W/Large Rec Room, 2 Bedrooms with 4 Pc Ensuite and Theater Room and Sauna. Too Many Features To List. A Must See Home. **** EXTRAS **** Geo- Thermal Heating System, Sauna,Home Theatre sys,Fridge,Stove,Dishwasher,Washer,Dryer All Electrical Light Fixtures, Window Coverings,Pool Equipment,BBQ by the Gazebo,Big Screen At Movie room,Smart Screens & All Exterior Light (32811622) (id:51158)
Homes for sale in Burlington

For sale $1,838,000

1151 Lockhart Road

Burlington, Ontario

4 Bedroom 4 Bathroom 2805 sqft

Beautiful one owner home consistently maintained & updated. This 4 bedroom, 4 bath home is elegant from the moment you pull into the driveway. Enter the double doors to open foyer of lovely centre hall plan with winding staircase. Left you enter the separate living room which extends into the separate dining room, hardwood floors, pot lights, crown molding, cali shutters. The eat-in kitchen has loads of counterspace, centre island, large pantry, 3-sided fireplace between kitchen & huge family room. Main floor also has a large office, a laundry room with garage entry & 2 piece washroom. Upstairs double door master bedroom retreat with 5 piece ensuite, walk-in shower, free standing tub & bidet, separate walk-in closet. 2nd large bedroom with 3 piece updated ensuite & two other large bedrooms & fully updated 4 piece bathroom.The patio doors off kitchen lead to a premium size backyard with perennial gardens, patio, sprinkler system, pool sized lot. The unfinished basement with roughed-in washroom awaits your design: recroom, more bedrooms, kids retreat or simply use the space for loads of storage. This lovely home is located on a dead end street within walking distance to Spencer Smith Park, downtown, the lakefront walking trails & is a short drive/bike ride to Burlington Golf & Country Club, LaSallle Marina, the Burlington Beach. This home is also ideally situated to the highway 403/QEW & two GO stations. Commute Niagara bound or Toronto bound but make Burlington your home town. (id:51158)
Homes for sale in Burlington

For sale $589,000

3200 Dakota Common Boulevard Unit# 604

Burlington, Ontario

2 Bedroom 2 Bathroom 766 sqft

STUNNING BRIGHT AND LUXURIOUS 2BR 2BTH CORNER SUITE FEATURING, LARGE WINDOWS ALLOWING ENORMOUS AMOUNTS OF NATURAL LIGHT, QUARTZ COUNTERTOPS AND KITCHEN ISLAND, UPGRADED TILING AND GLASS TUB/SHOWER ENCLOSURES, SLEEK AND MODERN LIGHT FIXTURES, BUILT-IN STORAGE IN BOTH BEDROOMS TO MAXIMIZE SPACE! AMENITIES INCLUDE, POOL, GYM, BBQ, SAUNA AND STEAM ROOM! PARKING AND LOCKER INLCUDED! EASY ACCESS FREEWAYS AND MAJOR ARTERIES, PUBLIC TRANSIT, SCHOOLS, STORES, PARKS, COMMUNITY CENTERS, AND PLACES OF WORSHIP! (id:51158)
Homes for sale in Burlington

For sale $1,349,000

2214 Melissa Crescent

Burlington, Ontario

4 Bedroom 3 Bathroom 1800 sqft

Renovated 4 bedroom home backing onto green space! Main floor with updated flooring, beautiful, bright kitchen with abundance of storage, quartz countertops and stainless appliances. Dining area, open to family room with a fireplace and access to private yard. Separate living room with pot lights and oversized windows. Main floor laundry / mudroom with 2 piece bath and separate entrance. Upper level with 4 spacious bedrooms, renovated 4 piece bath and primary with walk in closet 4 piece ensuite. Lower level with finished rec room, laminate flooring, pot lights, plenty of storage! Private backyard with Salt water pool (2023). Natural stone surrounds the pool with a a bar, firepit area and pergola, perfect for entertaining! move in and enjoy this home. (id:51158)
Homes for sale in Burlington

For sale $615,000

216 Plains Road W Unit# 403b

Burlington, Ontario

1 Bedroom 1 Bathroom 1014 sqft

Welcome to your new home in the desirable Oakland Greens condominium community in highly sought-after Aldershot South. This lovingly maintained 1-bedroom, 1-bath condo apartment on the top floor offers a perfect blend of comfort and convenience in a prime location. The spacious bedroom features a large walk-in closet, providing ample storage space, while the California shutters add a touch of elegance. The open-concept living area is ideal for both relaxation and entertaining, and the convenience of in-suite laundry makes everyday living effortless. This condo comes with an owned underground parking space, ensuring your vehicle is safe and easily accessible. As a resident of Oakland Greens, you'll have access to a beautiful common area building with party rooms, community events and a cozy library. Nestled in the vibrant Aldershot South neighborhood, you're steps to public transit, shopping, dining, with close proximity to LaSalle Park & Marina, Royal Botanical Gardens, and highway access. This condo offers everything you need to enjoy a comfortable lifestyle in one of the areas most desirable communities. Don’t miss out on this incredible opportunity! (id:51158)
Homes for sale in Burlington

For sale $1,800,000

1929 Fieldgate Drive

Burlington, Ontario

4 Bedroom 3 Bathroom 2486 sqft

Hospitality welcomes you in this desirable Tyandaga home backing on to green space. Manicured lawn on pie shaped yard with well maintained inground pool. Living room offers infinite adaptability. Formal and separate dining room. Well designed kitchen with breakfast area. Mud room has an entrance to double garage. Family room features parquet flooring, sliding doors and wood burning fireplace. A 2 pc. powder room on main floor. 4 bedrooms and 2 baths on the upper level. The hallway on the upper level has hardwood floor installed in August 2424. Master bedroom has walk in closet and 4 pc. ensuite. Well lighted bright basement features Den and large finished recreation room new broadloom in 2024. Wood burning fireplace in Den and sliding doors to a lovely pool with cedar hedge. Huge bright unfinished utility room with sizable windows and laundry. This special home you can take possession immediately. (id:51158)
Homes for sale in Burlington

For sale $479,900

2040 Cleaver Avenue Unit# 304

Burlington, Ontario

2 Bedroom 1 Bathroom 650 sqft

Charming Condo in the Sought-After Headon Forest Community! Step into your future with this meticulously maintained 2 Bedroom (1+1), 1 Bathroom, 1 Parking Spot, 1 Locker condo that exudes comfort and modern living. Ideal for first-time homebuyers, those looking to downsize, or savvy investors, this property is a remarkable find. Bright and Airy Living Space, Experience an open-concept layout that welcomes an abundance of natural light, creating a warm and inviting atmosphere for relaxation and entertainment. Generous primary bedroom with double door closet plus additional bedroom or a home office. 4 Pc Bathroom offering a refreshing escape for your daily routines. The condo comes complete with a designated parking space and a storage locker, ensuring you have all the room you need for your belongings. Nestled in the highly desirable Headon Forest neighbourhood, you’ll find yourself just a stone's throw away from excellent schools, vibrant shopping areas, delightful dining options, and seamless access to major highways and public transportation. This condo represents not just a residence but a lifestyle enriched by convenience and community. Seize the chance to make this exceptional property your new home! (id:51158)
Homes for sale in Burlington

For sale $4,999,900

2642 Bluffs Way

Burlington, Ontario

5 Bedroom 6 Bathroom 4133 sqft

Located in one of the most sought-after enclaves of luxurious homes in The Bluffs, this custom-built 4+1 bedroom, 6 bathroom home offers over 6200 sq. ft. of living space. Situated on approx 2 acres, the property backs onto a protected, lush forest, providing a serene and private setting. Despite its tranquil surroundings, the home is in close proximity to the amenities of urban Burlington. Recently renovated from top to bottom, this exquisite residence combines modern luxury with natural beauty. (id:51158)
Homes for sale in Burlington

For sale $4,999,900

2642 Bluffs Way

Burlington, Ontario

5 Bedroom 5 Bathroom

Located in one of the most sought-after enclaves of luxurious homes in ""The Bluffs,"" this custom-built 4+1 bedroom, 6 bathroom home offers over 6200 sq. ft. of living space. Situated on approx 2 acres, the property backs onto a protected, lush forest, providing a serene and private setting. Despite its tranquil surroundings, the home is in close proximity to the amenities of urban Burlington. Recently renovated from top to bottom, this exquisite residence combines modern luxury with natural beauty. (id:51158)
Homes for sale in Burlington

For sale $4,099,000

3064 St Clair Avenue

Burlington, Ontario

4 Bedroom 5 Bathroom 5755 sqft

This spectacular custom lofted bungalow is nestled on a quiet, family-friendly street in the highly coveted Roseland neighbourhood. Offering 4 beds, 5 baths and approximately 5,755 sq ft of tastefully designed living space. The main floor boasts a stunning rotunda that houses an office or library with floor to ceiling bookcases and incredible custom ceiling details. The kitchen features chef-grade appliances, an oversized island, a walk-in pantry, and a gorgeous breakfast area overlooking the picturesque, Muskoka-like backyard. Adjacent to the kitchen, you'll find a cozy family room and an impressive dining room, both with fireplaces and views of the backyard. Two main floor bedrooms offer ensuite privileges to a well-appointed 5-piece bath. Up a few small steps, the primary retreat awaits, featuring a large, welcoming space with two separate walk-in closets, a 6-piece ensuite, and a tranquil sun-drenched balcony. The lower level includes a fourth bedroom with a 3-piece ensuite, a theatre, a wine cellar, an exercise room, and a large recreation room with a wet bar and full walk-out access to the backyard. The incredible yard is an oasis of total privacy, offering an inground saltwater pool, hot tub, extensive professional landscaping and stonework, and a cabana. Exceptional craftsmanship and pride of ownership are evident at every turn in this magnificent home. With a double tandem garage, a well-thought-out floor plan, and a dream backyard, this property is a true masterpiece. (id:51158)
Homes for sale in Burlington

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