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$599,900

216 Plains Road W Unit# D307

Burlington, Ontario

1 Bedrooms1014 sqft

Lovingly maintained unit at the popular Oakland Green Complex in Aldershot! Convenient location close to the lake, Aldershot Go Station, restaurants, shops and public transit! This large 1 bedroom unit offers treed courtyard views from the south facing balcony and lots of natural light! The kitchen provides loads of tasteful white cabinetry and counter space! Large living room/dining room area with custom wall unit, crown moulding and balcony access with phantom screen door! Primary bedroom with ensuite privilege and a walk-in closet plus additional closet! Large bathroom with double sink vanity and an updated walk-in shower! Insuite laundry! Recent custom blinds! Unit includes a storage locker and 1 underground parking space! Fabulous recreation/party room with library! This is a lovely home offering great value! (id:51158)

For Sale$1,758,000

3105 Jenn Avenue

Burlington, Ontario

4 Bedrooms5 Bathrooms4022 sqft

Welcome to this incredibly bright detached home located in Alton Village and built by the reputable Fernbrook Homes. Spanning 2,750 sq/ft & sitting on a 56' x 87' corner lot, this home boasts an open-concept design with natural sunlight in every corner. Offering 4 spacious bedrooms, 5 bathrooms, main floor office & a finished basement. Throughout the home, you will find stunning hardwood flooring complimented by pot lights, crown molding, California shutters and wainscoting, adding a touch of timeless elegance. Upon entry, you are greeted by a large foyer that leads into a beautifully appointed dining area. This flows seamlessly into the sun filled kitchen and inviting living room, creating an ideal space for both entertaining and everyday living. The large kitchen features all-new smart appliances, granite countertops, and ample storage with extra deep cabinetry and pull-out shelving. On the main floor, you will also find a convenient laundry room and a dedicated office with tons of natural light, perfect for working from home. The second floor offers 4 generously sized bedrooms and 3 bathrooms, ensuring comfort and privacy for all. In addition, there is space for either a second office or kids play area. All bedroom closets feature custom-made built-in organizers. The primary bedroom features excellent natural light from all angles, a large walk-in closet and a 5-piece ensuite retreat. Lower level offers finished basement with 3-pc bathroom & lots of room for entertainment area & gym area. Step outside & enjoy the benefits of a large corner lot with excellent possibilities to entertain and enjoy with the family. Close to excellent amenities including parks, schools, trails, HWY 407/403/QEW & major shopping. (id:51158)

For Sale$4,995,000

6634 Carriage Trail

Burlington, Ontario

6 Bedrooms5 Bathrooms

Introducing a Magnificent Estate Property! This custom-built home is nestled on a beautifully landscaped 3.2-acre lot in the prestigious area of Kilbride. Boasting approximately 7500 sq ft of living space, this stunning residence features 6 spacious bedrooms, 5 1/2 baths, and a luxurious main floor primary bedroom with spa-like ensuite, gas fireplace, and walk-out to a covered porch overlooking your backyard oasis. With a grand 2-story great room, coffered ceiling, and a main floor den with a cathedral ceiling, this home exudes elegance. Entertain in style with the amazing lower level, complete with a theatre area, games areas, a wet bar, and a full bath with a sauna. Step outside into a breathtaking resort-like oasis, showcasing abundant natural stonework, and bridges, featuring an oversized saltwater pool with a waterfall, outdoor fireplace, pool cabana with kitchen, and a tennis court. The mature trees provide the ultimate natural privacy. Impressive 6-car garage and circular drive. **** EXTRAS **** Kilbride Offers a community atmosphere, scenic beauty, peaceful lifestyle away from the hustle and bustle of city living, it maintains its rural charm and yet is within a short distance of urban centers. (id:51158)

For Sale$1,599,000

179 Townsend Avenue

Burlington, Ontario

4 Bedrooms2 Bathrooms2704 sqft

Burlington's most prestigious pockets, just minutes from Burlington Golf & Country Club & Lake Ontario! Peace & tranquility awaits you on a quiet, family-friendly tree-lined avenue in the heart of sought-after South Aldershot. Great curb appeal with manicured gardens, towering trees & charming flagstone walkway into your dream home! Bright & functional living room featuring wood floors, large bay window, coffered ceiling, & a gas fireplace to relax around. Dining room is open to the living room with wood floors & a walkout to a deck leading to the side of the home. You’ll love cooking big family dinners in your custom Chef’s kitchen with subway tile, coffered ceilings, double sinks, S/S appliances, gas range, soft-close drawers, modern floating shelves, & white cabinets. A beautiful sun room with a fireplace, just steps from the kitchen with multiple walkouts from the homes to backyard oasis with decks, in-ground pool & two sheds. Spacious primary bedroom oasis with wood floors, large window, connected to office space/bedroom by black barn doors. Office space can be converted to a bedroom. Second spacious bedroom with wood floors, perfect for a nursery. Sun-filled shared 3-piece bathroom on main level with claw foot tub to relax & unwind in! Professionally finished lower level boasts 2 additional bedrooms, rec room with fireplace, hidden nook, large 4-piece bathroom with soaker tub & laundry. Perfect teenager retreat or nanny suite. Great Family-Friendly Neighbourhood with all the indoor & outdoor space for any growing family. Steps to Glenview Public school, Aldershot High school, parks, & trails. Close to great shopping, all amenities & major highways. This home will not disappoint! (id:51158)

For Sale$639,900

100 Burloak Drive Unit# 2405

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Retire in style at Hearthstone by the lake. Two bedroom, two bath unit at Hearthstone by the Lake retirement community. 995 Sq feet of living space. Enjoy the GYM, INDOOR POOL, PRIVATE COURTYARD, ONSITE DINING ROOM, AND SO MUCH MORE. Steps to Lake Ontario. The monthly Club fee provides a dining room credit, some housekeeping, trips to shopping, many activities, emergency call system, emergency nursing, Each unit comes with full kitchen, in suite laundry, one underground parking space and a storage locker. (id:51158)

For Sale$699,000

1225 North Shore Boulevard E Unit# 608

Burlington, Ontario

2 Bedrooms2 Bathrooms1143 sqft

Look no further. Come and see this stunning high-end professionally renovated 2 bed, 2 bath condo apartment with oversized glass walled balcony where you have the perfect view of the lush gardens, trees and gorgeous outdoor swimming pool, feel like being at a resort. All at a fabulous price. Over 1100 Sqft including wide plank engineered hardwood, S/S appliances, “Lee Valley” upgrades in the kitchen, ensuite laundry, locker, parking, car wash and much more. Right across from Lake Ontario, the parks and hospital. Close to ALL amenities. The building is extremely well cared for. Residents that move here, stay here. Don’t hesitate. Book your appointment today! (id:51158)

For Sale$1,349,000

602 Jennifer Crescent

Burlington, Ontario

3 Bedrooms3 Bathrooms1380 sqft

Immerse yourself in a world of modern elegance with this meticulously renovated Backsplit Home. Step inside and discover 1380 square feet of thoughtfully updated living space, where high-end materials and fixtures create a luxurious ambiance throughout. The gourmet kitchen is a chef's dream, featuring premium appliances and finishes that inspire culinary creations. The spa-like bathrooms offer a tranquil retreat, perfect for unwinding after a long day. And whether you're entertaining guests or simply relaxing with family, the open-concept layout fosters a sense of connection and togetherness. This prime Burlington location, south of the highway, places you within easy reach of excellent schools and everyday conveniences, making this stunning residence the perfect place to call home. (id:51158)

For Sale$1,099,900

1310 Ester Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1084 sqft

1st time ever offered for sale, original owner. This fantastic family home is sure to please. Over 1737 Square feet of finished space, The home features a large modern kitchen, spacious living room, formal dining room, 3 good sized bedrooms, 1 1/2 baths and fully finished basement complete with recroom with cozy fireplace, finished Laundry room, and bonus a room that could be a extra bedroom, workshop, gym, home office or hobby room the choice is yours! The tranquil backyard has manicured gardens, offers plenty of space to bbq on the deck, catch some sun the patio, sit in the shade under the gazebo or splash around in the large in-ground pool, perfect for cooling off on those hot summer days and all this in the highly sought after Tyandaga neighbourhood. This family home is perfectly located close to highway access, Transit, Schools, Parks, Shopping and of course Tyandaga Golf course is a short walk away! This amazing property is sure to please, so book your private showing today before it's gone! (id:51158)

For Sale$1,036,000

1036 Gallagher Road

Burlington, Ontario

4 Bedrooms2 Bathrooms1627 sqft

One owner home in desirable Aldershot neighbourhood. Convenient for commuters and close to schools, GO station, Highway access, RBG, parks and shopping. Major components updated. 4 level sidesplit with full basement. Large yard with workshop/shed and mature gardens. Parking for 4+ vehicles in driveway. Endless opportunities to customize this solid home. RSA (id:51158)

For Sale$1,149,000

4223 Cole Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms1726 sqft

Fabulous 4 bedroom/ 3 washroom semi-detached in the family-friendly neighborhood of Alton Village! The main floor offers an open concept family room with a beautiful stone feature wall with a gas fireplace, hardwood floors, pot lights, open to a modern upgraded kitchen w/ Corion countertops, stainless steel appliances and breakfast bar. Main floor also offers a separate large dining area. The laundry room is conveniently located on the main level. The Oak staircase with iron pickets leads to the upper level where you'll find 4 Spacious Bedrooms and a loft with a built in desk and cabinets perfect for a home office. The primary bedroom is complete with a walk-in closet & a 4-Piece ensuite. Three other bedrooms and an updated 3 pc washroom complete this level. The basement is finished with a recreational area and wet bar and plenty of storage space. The backyard is full fenced with a large deck and gas BBQ hook-up. This home also features a single car garage with space in the driveway to accommodate 2 additional cars. Enjoy all the amenities of nearby trails, shopping, high ranked schools, dining, rec centers & easy access to Hwys 407, 403 and QEW. (id:51158)

For Sale$1,089,000

5090 Fairview Street Unit# 8

Burlington, Ontario

3 Bedrooms4 Bathrooms2219 sqft

Welcome to this stunning 3-storey detached home in the heart of Burlington, perfectly situated across from the GO station and just steps away from public transit, parks, schools and major amenities. This immaculate, carpet-free residence offers a blend of modern comfort and convenience with 3 spacious bedrooms and 4 total bathrooms. The home boasts a beautifully updated kitchen, refreshed in 2017, featuring stainless steel appliances, a stylish tiled backsplash, central island & ample cupboard space for all your culinary needs. The open-concept design flows seamlessly into the bright and airy living areas, providing the perfect space for family gatherings. The finished basement offers a versatile space ideal for a home office or rec room. It also includes a convenient half bath. Fully fenced backyard is perfect for outdoor relaxation and entertaining. With its prime location and modern updates, this home is not just a residence but a lifestyle. Don’t miss the chance to make it yours! (id:51158)

For Sale$1,499,900

5244 Cedar Springs Road

Burlington, Ontario

3 Bedrooms2 Bathrooms1408 sqft

Welcome to this piece of paradise set on a picturesque 1-acre lot: A nature lover’s dream spot! Meticulously maintained by the original owner for over 58 years, this home has seen four generations of memories and is ready for a new family to fill it with love, laughter, and special moments. There’s even the possibility of multi-generational living within the same dwelling given that the lower level has its own separate walk-out entrance lending potential to make an in-law suite. The fully enclosed sun porch offers a perfect place to enjoy your morning coffee, listening to the sounds of birds filtering in. Very well-cared-for over the years and ample space with an eat-in kitchen, separate dining room, formal living room, full washroom and three bedrooms on the main floor means you can live in this home as it currently is or renovate to your liking. Downstairs provides another large living space with a massive picture frame window overlooking the serene yard, a 2-piece bathroom (previously 3-piece), laundry, plenty of storage plus direct inside access to the garage with an automatic door. Come take advantage of a rare opportunity to own a large parcel of land minutes from downtown Burlington! (id:51158)