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$2,798,888

2560 2 Side Road

Burlington, Ontario

6 Bedrooms5 Bathrooms

Welcome to your dream home nestled in Burlington's highly coveted Mount Nemo Bluffs. This BRAND NEW custom-built modern style bungalow is a masterpiece of design and luxury, meticulously crafted with attention to every detail. Spanning over 5000+sqft of livable space this 4+2 bedroom, 4.5 bath residence offers a blend of sophistication and comfort, perfect for those with discerning tastes. Step inside and be captivated by the open-concept layout, accentuated by soaring cathedral ceilings that create an inviting and airy ambiance. The heart of this home, the ultimate dream kitchen, boasts imported European quartz countertops, luxury appliances, and a convenient over the stove pot filler, making it a culinary enthusiast's paradise. Designer touches though out, including Aria vents and a touch sensor kitchen faucet for added convenience. The central vacuum kick plate ensures carefree clean-ups, making everyday living effortless.Wide plank white oak floors flow seamlessly throughout the home, leading you to the grand primary retreat. This sanctuary features massive his and her walk-in closets, a cozy fireplace, and a private walk-out to a sundeck overlooking the tranquil backyard. The spa-like ensuite bath is a haven of relaxation, offering a luxurious escape from the everyday. The spacious bedrooms are designed with family in mind, with a Jack and Jill bath providing both privacy and convenience. Outdoor living is equally impressive, with an oversized 2 tier deck and cedar-covered front and back porches that extend the warmth and charm of this home into the great outdoors. Whether you're entertaining or simply enjoying the serene surroundings, these spaces are sure to delight. Fully fenced yard, Parking for 10+ cars, 30x20 powered Workshop for all your projects. Don't miss the opportunity to own this one-of-a-kind property in one of Burlington's most desired locations.Discover the blend of luxury and comfort in your new home today. Country living 5 min from everything. (id:51158)

For Sale$2,798,888

2560 2 Side Road

Burlington, Ontario

6 Bedrooms5 Bathrooms5190 sqft

Your DREAM HOME awaits... Nestled in Burlington's highly coveted Mount Nemo Bluffs. This BRAND NEW custom-built modern style bungalow is a masterpiece of design and luxury, meticulously crafted with attention to every detail. Spanning over 5000+sqft of livable space this 4+2 bedroom, 4.5 bath residence offers a blend of sophistication and comfort, perfect for those with discerning tastes. Step inside and be captivated by the open-concept layout, accentuated by soaring cathedral ceilings that create an inviting and airy ambiance. The heart of this home, the ultimate dream kitchen, boasts imported European quartz countertops, luxury appliances, and a convenient over the stove pot filler, making it a culinary enthusiast's paradise. Designer touches though out, including Aria vents and a touch sensor kitchen faucet for added convenience. The central vacuum kick plate ensures carefree clean-ups, making everyday living effortless.Wide plank white oak floors flow seamlessly throughout the home, leading you to the grand primary retreat. This sanctuary features massive his and her walk-in closets, a cozy fireplace, and a private walk-out to a sundeck overlooking the tranquil backyard. The spa-like ensuite bath is a haven of relaxation, offering a luxurious escape from the everyday. The spacious bedrooms are designed with family in mind, with a Jack and Jill bath providing both privacy and convenience. Outdoor living is equally impressive, with an oversized 2 tier deck and cedar-covered front and back porches that extend the warmth and charm of this home into the great outdoors. Whether you're entertaining or simply enjoying the serene surroundings, these spaces are sure to delight. Fully fenced yard, Parking for 10+ cars, 30x20 powered Workshop for all your projects. Don't miss the opportunity to own this one-of-a-kind property in one of Burlington's most desired locations.Discover the blend of luxury and comfort in your new home today. Country living 5 min from everything.. (id:51158)

For Sale$544,900

1270 Maple Crossing Boulevard Unit# 204

Burlington, Ontario

2 Bedrooms2 Bathrooms970 sqft

Welcome to The Palace, where your dream condo awaits in the heart of Burlington. This condo offers 970 sq ft of living space, with 2 bedrooms, 2 bathrooms, and a sun-filled solarium ideal for basking in the sun year round. Step into the updated kitchen, where modern elegance meets functionality. Timeless subway tile backsplash is complemented by white shaker cabinets, quartz countertops, and with ample storage space, organizing your essentials has never been easier. This unit boasts in-suite laundry and access to the building's array of amenities, including an outdoor pool, BBQ area, tennis/squash courts, car wash, sauna, bike storage, and party room. Situated on the second level, this condo offers convenience and comfort, with easy access to Downtown Burlington's Jo Brant Hospital, vibrant shops, restaurants, and Spencer Smith Waterfront Park. Whether you're unwinding in the cozy living area or enjoying a morning coffee in the sun-drenched solarium, this condo invites you to experience the best of urban living with a touch of sophistication. No pets per condo bylaw, however emotional support animals are permitted (some restrictions apply). (id:51158)

For Sale$2,775,000

3040 First Street

Burlington, Ontario

3 Bedrooms2 Bathrooms2641 sqft

The Coach House. Beautifully updated character home in Roseland. Stunning, lush back yard with mature species: blue, pink, limelight hydrangeas, weigela, honeysuckle, pines. Extensive dark hardwoods. Sunroom with 3 walls of windows, gas fp., copper slate flooring. True divided lights French doors to large deck & pool. Open concept living & dining room w/ Ridley true-divided lights windows, dark hardwoods, Peterson gas fireplace. Original refinished side door w/ fold-down window. Front family room currently used as casual dining area. Heated floors in ensuite, sunroom, family room, kitchen. Pool shed, large garden shed. Upstairs: linen closet; hardwood: hallway & 2 bedrooms, carpeting in Master. Large ensuite w/ updated brushed nickel taps/rainshower. Laundry: renovated '23 (Gravelle cabinetry, quartz counter); washer, dryer, fridge summer '22. Kitchen cabinetry professionally resprayed June '24. Plentiful cabinetry. Maytag: fridge ('24), dishwasher ('20). Panasonic microwave '23. Granite countertops. Glass fronted cabinets, wine rack, breakfast bar. Wet bar. Heated vinyl pool 18 x 36 (pump & filter cartridges ('24). California shutters. Basement windows: 2022. Some rm sizes irreg; see floor plans or contact me. Most rads replaced w/ low profile baseboard heating & controlled by gas boiler. 2 electric baseboards. Beautiful light fixtures. Original unfinished basement, approx. 6'3 ceilings due to boiler pipes. 2 elect. baseboards. Seller is a Registrant. You Tube video '23 (id:51158)

For Sale$1,049,900

2145 Sandringham Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1203 sqft

3 bedroom back split in desirable neighbourhood with mature trees. The kitchen has newer cabinets and appliances. The dining room near the front door could also be used as a home office. There is much hardwood and ceramic flooring, also some laminate flooring. The master bedroom is spacious with double sliding doors to a quiet mature fully fenced yard. The 2nd entrance has direct access to the basement stairs and could be a private entrance to an in-law unit. The basement rec-room is large with a corner fireplace. 2 minute drive to Hwy 407 and 5 minute drive to Hwy 401. (id:51158)

For Sale$1,999,900

2062 Gordie Tapp Crescent

Burlington, Ontario

5 Bedrooms3 Bathrooms3148 sqft

A must see Millcroft Gem, this home’s spaciousness will impress! Several updates and upgrades are evident in this 4+1 bed, 3 ½ bath home. The open concept main floor includes: maple kitch cupboards & stainless appliances b/i ovens, large prep island with sink and room for seating, spacious dining area, great room with h/w floors & gas f/p with view of yard, sliding doors to enclosed patio with retractable screens. In-floor heating, flat ceilings, pot lights and tasteful light fixtures throughout. Main floor also includes separate substantial office space. Lower level is fully finished and includes additional bedroom plus 3pc bath, plenty of organized storage areas. H/W floors on bedroom level, primary bdrm with builtins and ample closet space, 5 pc bath. Home is finished with concrete drive and walkways, sprinkler system and insulated oversized double garage, gas bbq hookup, & security system. Roof 2016 (id:51158)

For Sale$525,000

5090 Pinedale Avenue Unit# 503

Burlington, Ontario

1 Bedrooms2 Bathrooms833 sqft

Pristine! Bright! Open! Stunning One Bedroom + 1.5 Baths. Sought after Pinedale Estates with lush landscaping, BBQ, plenty of visitor’s parking and a sense of Community. Quality Oak Kitchen with granite c/tops. Beautiful bathrooms. Spacious Living/Dining Rooms and Bedroom open onto large balcony overlooking the peaceful park-like setting. In-suite laundry. Easy access to the elevator form both the suite and parking spot. Extensive amenities: Indoor pool, sauna, party, exercise, billiards, crafts and golf rooms, library and outdoor car wash. Pay per-use EV charger. Absolutely immaculate non-smoking building, no dogs allowed. Bell Fibe Internet. Close to L. Ontario, “Go” and shopping. Move in and relax. Note Liv/Din Rms & Bed virtually staged. (id:51158)

For Sale$1,268,000

2268 Greenway Terrace

Burlington, Ontario

3 Bedrooms3 Bathrooms2433 sqft

Magnificent in Millcroft! Located within one of Burlington's most sought-after neighbourhoods, this lovely home features an open concept floor plan that creates a seamless flow throughout the main level, great for everyday living or entertaining family and friends. Full of warm natural light, the freshly updated kitchen is bright and airy and features gleaming quartz countertops and a built-in breakfast bar. Upstairs you will find 3 generously sized bedrooms, including a large primary with its own ensuite. The partially finished lower level provides an abundance of extra space for recreation and storage, and offers further development potential with a rough-in for a 4th bathroom. Enjoy the peaceful surroundings backing onto green space with no rear neighbours, ideal for relaxation and outdoor activities, with access to trails and parks available right from your back gate. Located on a quiet, family-friendly street and just minutes from the prestigious Millcroft Golf and Country Club, this home offers easy access to all major amenities, shopping, schools and highways. This property truly has it all - don't miss out on this incredible opportunity! Furnace and A/C replaced 2022. (id:51158)

For Sale$3,999,000

212 Lakeside Avenue

Burlington, Ontario

4 Bedrooms5 Bathrooms6414 sqft

Luxurious living in this 3+1 bed, 5 bath bungalow! Upon entering you are greeted by an impressive foyer, 7 ½” baseboards, and 8’ solid core doors throughout. The large separate living room is the perfect space for entertaining, a third main level bedroom or a secondary office. The kitchen/living/dining area with vaulted ceilings and in-ceiling speakers, create an immersive experience. Custom millwork, LED and designer lighting showcase meticulous craftsmanship. 7 ½” American walnut hardwood floors throughout the main level while heated tile adds a touch of luxury to the kitchen, foyer and main floor washrooms. The main floor office features built-in wood cabinetry and a custom glass showcase wall or easily convert to a separate dining room. Skylights and wall-to-wall windows in the living room offer stunning views of the backyard oasis. The kitchen is a culinary haven with granite countertops and chefs grade appliances. Retreat to the oversized primary bedroom with custom built-ins, vaulted ceilings, and a walk-out patio. Dual ensuites showcase marble finishes and luxurious spa-like amenities. The lower level is an entertainment haven with a theatre area, gas fireplace, and a 3-piece washroom with a steam shower. Ask about a possible 2 bedroom conversion option! The heated garage is a car enthusiast's dream with enough space for 5 vehicles and features an epoxy floor, cameras, and an EV charger. The exterior is an outdoor oasis with a stamped concrete patio, circular drive, and a beautiful backyard water feature. Fully landscaped, fenced, gated, and boasts a 7-zone irrigation system. This home seamlessly blends luxury, functionality, and environmental stewardship. (id:51158)

For Sale$3,398,000

2409 Lakeshore Road

Burlington, Ontario

6 Bedrooms6 Bathrooms5252 sqft

A pleasant 1km stroll from this brand-new custom built home takes you to Burlington Pier and the lively waterfront with its bustling restaurants, festivals and scenic lakefront promenade. Hidden away up a secluded 100ft tree-lined driveway, this modern, urban chic 5+1 bedroom 3 storey detached residence is flooded with natural light from oversized windows. With 5,250 sq ft of thoughtfully designed living space, this home boasts a practical open-concept layout crafted with premium materials, superior finishes, and unique, subtle details throughout. It is truly one-of-a-kind and could be exactly what you’ve been searching for. Come see us! (id:51158)

For Sale$1,499,000

2060 Lakeshore Road Unit# 802

Burlington, Ontario

3 Bedrooms2 Bathrooms1322 sqft

Experience true luxury living at the prestigious Bridgewater Residences. Become a member of the most sought-after community, enjoying monthly social events and get togethers. This fully upgraded waterfront 1320 sqft corner unit is meticulously designed top to bottom comes with 3 spacious bedrooms & 2 bathrooms, it’s sure to meet all your expectations. The expansive and relaxing open-concept living space, kitchen and dining area are enhanced by a custom gas fireplace and over sized windows that provide ample of natural light. Balcony offers north/east views of the waterfront with morning sunshine and gas hookups for BBQ/firepit/heater. The condo includes a large primary bedroom with a fully upgraded en-suite bathroom featuring heated floors and a walk-in closet. Come and experience resort-style living that comes with 24-hour concierge service, fitness facility, entertaining lounge, 8th-floor rooftop patio, access to the indoor pool, spa and 5* restaurants at the adjacent boutique Pearl Hotel. Also includes 2 side-by-side underground parking spaces as well as a storage locker at the same level as parking. Book your showing today and don’t miss this opportunity. (id:51158)

For Sale$1,765,000

3147 Goodyear Road

Burlington, Ontario

5 Bedrooms5 Bathrooms3295 sqft

PREMIUM LOT!! Welcome to 3147 Goodyear Road, a brand new Sundial built 5 bedroom detached home with 4000sqft. of finished area in the sought after Alton Village neighborhood situated on a premium lot backing onto the park!! Spacious main floor offers a dining room, great room with fireplace, kitchen and breakfast with walk-out to the backyard. Upper floor features a primary bedroom with 5-pc ensuite, along with four additional bedrooms and two 4-pc baths. Open concept Loft offers space for entertainment! Builder finished basement offers recreation room and 4-pc bath. Excellent location close to parks, schools, HWY access and more! (id:51158)