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 $7,350,000

347 East Hart Crescent

Burlington, Ontario

4 Bedroom 6 Bathroom 6950 sqft

Welcome to Casa Blanca. One of the most iconic homes in the highly desired community of Roseland is being offered to its next stewards for the first time. Truly the height of character, thoughtful design, pride and tranquility. Upon entering the property, you are transcended into a sanctuary of immaculate gardens while the character and thoughtful design of the residence leaves you in awe and anticipation of what’s to come. Upon entering one of the three front access points to the home, you are greeted by almost 7,000 sq ft of the highest level of finishing’s. Each room throughout tells its own story and has its own features and designs. From the front sitting room with its large windows and original exposed red brick wall, to the expansive kitchen with chefs-quality features and appliances. Every room has entertaining in mind while maintaining the feel of a family focused home. The 2nd level hosts 3 beds while the 3rd level loft can serve as a getaway for teens or a 4th bedroom. The primary bedroom offers its occupants their own getaway with a private roof top terrace overlooking the immaculate front gardens. A separate stairway leads you to the elevated west wing retreat that features a billiards area, sitting nook, 3 pc bath and a large Muskoka room with wet bar that overlooks the rear and front gardens. Upon entering the rear yard, you are greeted with a large covered patio with multiple seating and dining areas that overlook the magazine worthy property. A saltwater pool with cascading waterfalls, fire bowls, hot tub and splash deck will take your breath away. The separate covered patio area with room for a large seating area and dining table, separate commercial grade wet bar with roll up garage door and a cedar lined sauna make this backyard a true resort like escape where you can spend all day soaking up the sun in full privacy. This is a rare offering and the epitome of Roseland living. Don’t miss your opportunity to make this iconic property, your own. (id:51158)
Homes for sale in Burlington

For sale $674,900

1135 Cooke Boulevard Unit# 108

Burlington, Ontario

2 Bedroom 2 Bathroom 1080 sqft

Spacious Upper Stacked 2 Bedroom 1.5 Bathroom 1 Parking 4 Year New Condo Townhouse with a Huge Rooftop Terrace with an Un-Obstructed View Overlooking Greenery & the Aldershot GO Station in Burlington! A Few Minute Walk Will Take You to the Aldershot GO Station, with Two-Way All Day Train Service to Downtown Toronto & to Many Stops all the Way to Oshawa! Open Concept Living, Guest Powder Bathroom, & Coat Closet on the Main Floor. Kitchen Features Stainless Steel Appliances, Quartz Countertops, Kitchen Island With Sink & Modern Design. On The Next Level You'll Find Two Spacious Bedrooms, Both with Double Sliding Closets, a Full 3-Piece Bathroom With Glossy Cabinets & Quartz Countertops, and a Convenient Laundry Closet with Two Full Sized Stacked Laundry Units! On the Top Level is Where You Find Your Huge Rooftop Patio Approximately 400 Sqft Where You Can Host Events & Parties, Relax & Enjoy the Clearview & Sunshine & Much More! Short Distance From the 1 Underground Parking to the Unit! Elegant Design with Community Gardening, Live in a Sophisticated Neighborhood. 1 Min to 403 & Waterdown Rd Exit, 5 Mins to Waterdown, 5 Mins to Hamilton, Conveniently Located Between Hamilton & Burlington Downtowns. Close to Many Parks, Trails, Aldershot GO Station, Other Transit, Hospitals, Schools & More! (id:51158)
Homes for sale in Burlington

For sale $1,389,000

625 Braemore Road

Burlington, Ontario

5 Bedroom 3 Bathroom 1635 sqft

Welcome to this exquisite property located on an expansive lot in one of Burlington's most prestigious neighborhoods. Conveniently located near the QEW, both GO stations, and just minutes from Lakeshore Road, this stunning 3-level side split home offers approximately 1,635 square feet of meticulously designed living space. Upon entering, you are welcomed into an open-concept family room, dining area, and custom kitchen, featuring high-end stainless steel appliances, quartz countertops, and ample storage. The large island serves as a perfect centerpiece for hosting gatherings with family and friends. The second floor leads to a private, oversized yard with mature landscaping, a two-tiered deck, and a pergola—ideal for outdoor relaxation and entertaining. Upstairs, you’ll find three generously sized bedrooms, including a master bedroom with a double closet, and an updated full bathroom with a large sink and quartz countertops. The main level features a living room/bedroom with access to the basement and a separate entrance from the backyard. The basement is thoughtfully designed with a cozy family room, one bedroom, a full bath, a powder room, and a separate laundry area. This space can easily function as a potential in-law or nanny suite or even a mortgage helper. Additional highlights include updated windows and doors (2021), a roof replaced in 2016, a 200 Amp electrical panel, and a 40 Amp outlet wired for an electric car charger. The backyard offers exceptional privacy and is perfect for entertaining guests, with its two-tiered deck and pergola completing this exceptional outdoor space. (id:51158)
Homes for sale in Burlington

For sale $849,000

1491 Plains Road W Unit# 11

Burlington, Ontario

3 Bedroom 3 Bathroom 1690 sqft

Rare unit available in “Gateway Towns”, on an exclusive private enclave in south Aldershot. Perfect for downsizers, starter home or for young family, no traffic. Bright lovely well kept two storey 3 bedrm 3 bath, open concept main level with 9ft ceilings. Almost 1700sqft, freshly painted & Cal shutters thru-out, updated powder room, great room off the kitchen w granite breakfast counter & dining area, walkout to fenced backyard. Upstairs features large primary bedrm w 2 closets, 1 walk-in and ensuite bathroom. Two other bedrooms on the second floor sharing a full bathroom. Additional space on the second floor great for home office. Large basement waiting for your finishing touches. Minutes to Royal Botanical Gardens, miles & miles of trails, near GO Train, Hwy QEW/403, shopping, dining and easy access to downtown and the waterfront. (id:51158)
Homes for sale in Burlington

For sale $2,695,000

2159 Britannia Road

Burlington, Ontario

5 Bedroom 5 Bathroom 3537 sqft

Welcome to Your Country Retreat: A Spacious 5-Bedroom, 5-Bathroom Home! Nestled in the countryside of North Burlington, this exceptional home offers the perfect blend of comfort and versatility for multi-generational living or large gatherings. With five generously sized bedrooms and five well-appointed bathrooms, this home ensures ample space and privacy for everyone. Two of the bedrooms feature luxurious en-suite bathrooms, making them ideal for multiple families or guests. The basement adds even more flexible space, including an office and a large warehouse, catering to a variety of needs and hobbies. The heart of the home, the great room, boasts expansive windows that overlook a sprawling backyard with lush gardens and an inviting saltwater pool retreat. Step beyond the backyard and further immerse yourself in nature with seamless access to the scenic Bruce Trail. Entertainers will appreciate the 3-car garage and the long driveway, providing abundant parking space for family and friends. Experience the tranquility of country living while enjoying the convenience of modern amenities in this remarkable property. Don’t miss the opportunity to make this unique home yours! (id:51158)
Homes for sale in Burlington

For sale $464,900

4003 Kilmer Drive Unit# 309

Burlington, Ontario

1 Bedroom 1 Bathroom 703 sqft

Very spacious open concept living in this 2 bed converted to 1 bed (easily converted back) + 1 bath located in much sought after Tansley Woods neighbourhood. Dining area with large bay window could be used as home office, gym area or 2nd bedroom. White kitchen with new backsplash, breakfast bar, freshly painted neutral décor, in-suite laundry, garden doors to large and bright covered balcony with western exposure, 1 heated underground parking A27, locker #41, located close to transit, shopping, restaurants and highway access. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $2,098,000

2142 Side Road 1

Burlington, Ontario

4 Bedroom 3 Bathroom 2691 sqft

Country living minutes to downtown Burlington. Experience timeless elegance in this classic 2-storey home, set on a 2.8-acre lot in the coveted Side 1 Road area of Burlington. With over 3,500 square feet of finished living space, this property offers unmatched privacy and a serene backdrop of cedar trees and lush greenery. Upon entry, you'll find stunning wood flooring and cove moldings throughout the main floor. The elegant dining room features wainscotting and windows framing picturesque nature views. The spacious living room, with a cozy gas fireplace, flows into an office with built-in cabinets and ample natural light. The well-appointed kitchen includes a sitting area and nook, opening into a spectacular family room with a grand brick fireplace, built-in cabinets, and ceiling beams. Step out onto a screened porch to enjoy the peaceful surroundings. Upstairs, the primary bedroom offers tree views and a 5-pc ensuite with tiled floors. There’s an additional full bath with tiled floors and three more bedrooms, each with calming nature views. The fully finished basement offers versatile space for your needs. Step outside onto a new deck overlooking the expansive backyard, featuring greenspace and a new shed for extra storage. Combining classic charm with modern comfort, this home features 4 bedrooms and 2.5 baths, offering a private retreat in exceptional Burlington. (id:51158)
Homes for sale in Burlington

For sale $995,000

362 Plains Road E Unit# 4

Burlington, Ontario

2 Bedroom 3 Bathroom 1419 sqft

Discover a prime live/work opportunity in Burlington, perfectly blending residential comfort with commercial convenience. This property features a spacious 2-bedroom, 2.5-bath unit above a versatile commercial space. The bright, open-concept living room boasts large windows, hardwood floors, and seamless flow into a generously sized dining area, ideal for entertaining. The beautifully designed kitchen includes an island and opens to a private balcony. The unit offers a well-lit bedroom with a 3-pc ensuite, plus a convenient 2-pc bathroom and an ensuite laundry room. The commercial level includes two office spaces and a washroom with visitor parking. Located just minutes from the golf course, Burlington RGB, parks, and the waterfront, this property offers unparalleled access to local amenities and outdoor activities. Embrace the perfect blend of work and leisure in this exceptional Burlington location. (id:51158)
Homes for sale in Burlington

For sale $3,849,000

4016 Lantern Lane

Burlington, Ontario

6 Bedroom 5 Bathroom 4559 sqft

Welcome to this exceptional 6 bed, 4.5 bath home, ideally situated on a serene court location. As you drive up, you'll be greeted by a beautifully landscaped island with a majestic evergreen tree. Enjoy parking for up to 4 cars and an inviting interlock walkway leading to a private flagstone porch. During the holidays, the neighboring exterior trees are beautifully decorated, adding a festive touch. The professionally landscaped front yard features an expansive porch, perfect for sipping coffee and enjoying the picturesque surroundings. Step through the custom entryway door to discover an elegant layout. The office with a front view provides an inspiring workspace. The living room features built-in cabinets, wood ceiling beams and a f/p. The gourmet kitchen boasts a custom butcher's block island, breakfast bar, s/s appliance and a built-in wine rack. It opens to the family room w/ large windows and a wood burning f/p. Upstairs, the primary suite is a true retreat with a spacious layout, walk-in closet, and hardwood floors. The basement with 1,476 sf of finished space is versatile, perfect for movie nights or a game room and a 3pc bath. The exceptionally private backyard is an entertainer’s dream, w/ an inground pool surrounded by extra tall cedar hedge for ultimate privacy. Located near downtown Burlington, the Waterfront, John T. Tuck Public & Nelson High District schools. This home blends luxury with everyday living, offering ease and elegance for making lasting memories. (id:51158)
Homes for sale in Burlington

For sale $949,900

218 Plains Road E Unit# 16

Burlington, Ontario

3 Bedroom 3 Bathroom 1675 sqft

This immaculate 3 bdrm, 2 1/2 bath executive townhome has over 2300 sq ft of living space and is located in the highly sought after Aldershot, within walking distance to Aldershot GO, LaSalle Park & Marina, Royal Botanical Gardens, Hidden Valley Park and The Burlington Golf & Country Club. The stunning open concept main level features a large front foyer, 9ft ceilings, pot lights, crown molding, hardwood floors,a spacious kitchen overlooking the family room, 2 piece bathroom and patio doors leading out to your own fully fenced private yard with a large private deck for entertaining. The second level includes a massive primary retreat and is complete with double closets and a large 5 piece en suite (soaker tub and stand-alone shower). The two additional bedrooms also have large closets, upper level laundry and an additional 4 piece bathroom complete this level. The finished lower level offers a great space for additional living where your young children can play, or your teens to hang out or for that home gym you've always wanted! Book your showing now, this amazing home will more than exceed your expectations! (id:51158)
Homes for sale in Burlington

For sale $1,820,000

463 Wicklow Road

Burlington, Ontario

5 Bedroom 4 Bathroom 2690 sqft

Welcome to your dream home! Nestled on a sought-after, family-friendly court just steps away from Nelson High School, this stunning 4 + 1 bedroom, 3.5 bathroom residence offers the perfect blend of luxury and practicality. As you step inside, you'll be greeted by a seamless flow between the living and dining rooms. The main floor also features a office/den and a beautifully renovated bright eat-in kitchen (2021) that opens up to a cozy family room. Imagine unwinding by the gorgeous stone fireplace, basking in the natural light streaming through skylights. Laundry room offers easy access to the outdoors and direct entry to the garage. Upper level you'll find f our spacious bedrooms, including a spacious primary suite with a 4-piece ensuite and a luxurious 5-piece main bathroom (2021). The lower level expands your living space with a generous recreation room, perfect for movie nights or a game area. An additional room on this level can serve as an extra bedroom, home gym, or creative studio, complete with a convenient 3-piece bathroom and a hobby room. Step outside from the kitchen to a stunning deck (2020), where you can enjoy your morning coffee while enjoying the tranquility of your beautiful Muskoka-like backyard. With recent updates including a new roof (2022) and hot water heater (2021), this home is move-in ready and waiting for you to create lasting memories. Don’t miss your chance to make this exceptional property your own! (id:51158)
Homes for sale in Burlington

For sale $479,000

2093 Fairview Street Unit# 709

Burlington, Ontario

1 Bedroom 1 Bathroom 505 sqft

Check out this fantastic one-bedroom gem! It’s bright, with a smart layout and a spacious balcony to enjoy. You’ll love the modern finishes and top-notch amenities, including a private park and a splash pad perfect for hot summer days. Plus, the sky lounge offers breathtaking lake views and high-speed internet—ideal for working from home. And you're just a hop away from Burlington Go Station and Walmart. What’s not to love? (id:51158)
Homes for sale in Burlington

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