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 $1,229,000

3452 Hannibal Road

Burlington, Ontario

3 Bedroom 3 Bathroom 1583 sqft

Welcome to this beautiful Fully renovated home in the heart of the family-friendly Palmer/Lansdowne Neighbourhood. Meticulously detailed Three bedrooms, 3 new bathrooms with a heated upper bath foor, an open concept main foor, and a large basement rec/Games/Movie room offer ample spacious living space. Hardwood and laminate throughout. Very private Large deck with play set and fenced yard leading to the redeveloped Palmer and Lansdowne Parks with pickle ball, tennis, splash pad, skating rick, and much more. This Tranquil neighborhood will support all the urban needs. Parks, schools, shopping, hwys, etc. Main foor laundry and utility closet to make your busy life easier. Many modern conveniences including the Smart home system. Don't miss this rare home in a perfect location. Book your showing now! (id:51158)
Homes for sale in Burlington

For sale $1,049,000

608 Thornwood Avenue

Burlington, Ontario

4 Bedroom 2 Bathroom 1412 sqft

Charming 3+1 Bedroom Home in Prestigious South Burlington Neighborhood. Nestled in a highly sought-after family-friendly community, this spacious and meticulously maintained residence boasts an inviting ambiance. Featuring gleaming floors and abundant natural light throughout, the home is beautifully illuminated by elegant pot lights and large windows. The lovely kitchen offers ample storage space, The expansive finished basement, with convenient walkout access, opens to a generous backyard ideal for outdoor activities. Additional storage is provided by two well-constructed sheds. Conveniently located just minutes from the QEW, Appleby GO Station, Lake Ontario, Downtown Burlington, and numerous parks and amenities, best schools in Burlington, this home offers both tranquility and accessibility. **Some Pictures are virtually staged** (id:51158)
Homes for sale in Burlington

For sale $2,599,999

5127 Milburough Line

Burlington, Ontario

4 Bedroom 1 Bathroom

North Burlington property with over 20 acres and 412 feet of frontage in an area of secluded estate homes. Complete privacy yet only a short drive to town. Currently used as horse farm. This property includes a spacious 3 bedroom house, a second modular home with separate heat and septic, and several outbuildings, including a barn, stable, and detached garage. Several paddocks and a half-mile training track make this acreage perfect for equestrians or the hobby farmer. Take advantage of the multiple revenue streams or build your dream home or private family compound! The east side of the property is forested with nature trails to explore, all adjacent to protected conservation area. (id:51158)
Homes for sale in Burlington

For sale $2,599,999

5127 Milburough Line

Burlington, Ontario

4 Bedroom 1 Bathroom 1700 sqft

24 ACRES IN BURLINGTON! Exceptional rural setting situated amongst multi million dollar homes in the highly sought after area of North Burlington. This 20+ acre parcel of land is operating as a horse farm w/ outbuildings and standardbred training track and paddocks. There is rental income potential from the 2 homes and potential income from horse boarding. Plus there is also 6-7 acres that can be used for farming or vegetables, the possibilities are endless! This property offers an elevated section (in the current location of the mobile home) providing an ideal location to build your dream home offering a full view from the road along with an expansive scenic view of the surrounding nature, trails, fields, trees, wild life and more. A country estate minutes from the city that is completely secluded amongst other executive estates on large parcels of land. Over 400 feet of frontage, 7 acres of farmable land, 5 paddocks, 2 septic tanks, and detached separate trailer w/ own heat source currently renting for $1000/mo. The farm house is in good shape with metal roof and lots of space. The outbuildings include a detached 2 car garage and a huge barn with super high ceilings and newer addition off the back. Stream running through the property and mostly flat land and some wooded area. These opportunities do not come along too often as an investment so come have a look for yourself! (id:51158)
Homes for sale in Burlington

For sale $1,590,000

1150 Skyview Drive Unit# 18

Burlington, Ontario

3 Bedroom 3 Bathroom 2020 sqft

Introducing this exquisite 2+1 bd bungaloft in the prestigious Tyandaga Oaks Community. Greeted by vaulted ceilings and an abundance of natural light in the principal open concept living and dining room. The cozy gas fireplace and hand scraped hardwoods create a warm and inviting atmosphere. Moving on to the eat-in kitchen and family room with walk out to expansive deck, pristine gardens, and hot tub all overlooking a private ravine. A perfect setting for both relaxing and entertaining! Adding a fully finished basement with optional extra bedroom provides for over 4000 sq ft of living space. This home truly offers a combination of luxury, comfort and functionality. Don't miss the opportunity to make this beautiful bungalow your own. (id:51158)
Homes for sale in Burlington

For sale $1,599,000

2107 Country Club Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 1966 sqft

Beautifully renovated Millcroft home on a 60’ wide corner lot! This stunning, turnkey home with over 2,600 sq feet of living space, offers an impressive blend of modern updates, and timeless luxury and comfort. Upon entering, you’ll be greeted by a bright and open main floor, enhanced by new wide-plank Oak flooring throughout. High end appliances and built in cabinetry can be found throughout the kitchen and breakfast bar that flows seamlessly into the dining room, perfect for entertaining! Upstairs, you will find two large bedrooms plus the extra-large primary suit with double walk-in closets and spacious ensuite. Downstairs, the fully furnished recreation room awaits! With an additional bedroom or office and an abundance of storage space. The mature lot is a highlight, providing an oversized patio ideal for leisurely afternoons or evening gatherings under the stars. Additionally, the home includes a double car garage and a stamped concrete driveway, combining convenience with exceptional curb appeal. Key Dates: Windows 2023, Renovations 2023, A/C 2020, Furnace 2020. (id:51158)
Homes for sale in Burlington

For sale $1,629,000

5646 Roseville Court

Burlington, Ontario

5 Bedroom 4 Bathroom 2355 sqft

This stunning 4+1 bedroom, 4 bathroom detached home nestled in a tranquil court within Burlington's sought-after Orchard neighborhood. With approximately 2,400 sq ft plus a fully finished basement, this home is designed for modern family life. The private, low-maintenance backyard, complete with mature trees, a hot tub, cabana, artificial grass, and a putting green, offers the perfect setting for relaxation and entertaining. Ideally situated near top-rated schools, parks, Hwy 407, the QEW, the GO train, and just steps from Bronte Creek Provincial Park, this property seamlessly blends comfort, style, and convenience. (id:51158)
Homes for sale in Burlington

For sale $699,000

1225 North Shore Boulevard E Unit# 608

Burlington, Ontario

2 Bedroom 2 Bathroom 1143 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)
Homes for sale in Burlington

For sale $714,900

2085 Amherst Heights Drive Unit# 106

Burlington, Ontario

2 Bedroom 2 Bathroom 1208 sqft

Exceptionally well maintained ground level unit at The Balmoral II in Burlington. This spotless Berkshire model at 1208 sq. ft. is carpet free and offers 2 spacious bedrooms, 2 full bathrooms, updated eat-in kitchen with quartz counters and stainless steel appliances, in-suite laundry with full size washer and dryer plus a terrace to enjoy the outdoors. The unit boasts wood floors in the principal rooms, mirrored closet doors, large primary bedroom with 2 double closets and ensuite bath with soaker tub. Second bathroom with separate shower. 9' ceilings in Living/Dining, Bedrooms and Hallway. 1 underground parking and storage locker. HVAC replaced in 2019. Pet friendly buiding (restrictions apply). Condo fee covers building insurance, common elements, exterior maintenance, parking and water. The well managed building with workout room, party room, car wash, visitor parking, gazebo & outdoor patio area with BBQ for owners use is close to the Power Centre, Costco, Cinemas, Golf Course, Park, Rec. Centre, Schools, Restaurants, Public Transit & easy highway access. Don’t miss out on this great opportunity! (id:51158)
Homes for sale in Burlington

For sale $899,900

5194 Lakeshore Road Unit# 305

Burlington, Ontario

2 Bedroom 1 Bathroom 986 sqft

Welcome to the elegant Waterfordbuilding. Rarely offered - WATERFRONT unit ! Spectacular view! Double wide balcony and 2 parking spots...what a find. Spacious one bedroom plus den with 2 WALKOUTS. The large patio doors flood the space with natural light creating a warm and inviting atmosphere. Rich dark cabinetry in the kitchen with granite countertops. Hardwood and tile floors make it carpet free. Custom built ins in the closet in the primary bedroom. Soaker jacuzzi tub with separate stand up shower. Dedicated den makes for a great home office or could support a pull out couch for guests. Lots of storage in the laundry room. The million dollar view grabs you the minute you open the door. 2 deeded underground parking spots. One locker. The impressive grounds are welcoming and offer 2 BBQs & a gazebo which is sure to become a favourite spot for you and your guests. Residents also enjoy a fitness room and party room. Reasonable condo fees, and a well managed building. 1 pet allowed, max 25lbs. Status certificate available. (id:51158)
Homes for sale in Burlington

For sale $1,099,000

2403 Emerson Drive

Burlington, Ontario

3 Bedroom 4 Bathroom 1703 sqft

Look no further... Gorgeous sun filled semi detached link home in the desired Orchard neighbourhood. Only attached by the garage on one side, this Fernbrook built home is finished in designer colours through out. Enter into the open concept main floor that includes foyer, living/dining room, large closet, and powder room. Overlooking the family room the Chef inspired eat in kitchen features quartz counters, modern backsplash, and stainless steel appliances. Truly an Entertainer's delight with walk out to fenced in backyard and stone patio. Retreat in the large Primary bedroom that offers separate his/her closets with tasteful 4 piece ensuite. Second floor also includes 2 more large bedrooms and 4 piece bath. Finished basement boasts a recreation room, pot lights, workspace, 2 piece bathroom, pantry, plenty of storage, and separate room for many uses. Notable interior features include premium hardwood floors(2022), updated light fixtures, whole home water softener, and separate main floor laundry. Roof(2022). Move in ready. Close to all amenities including schools, parks, shopping, restaurants, and much more. This home and neighbourhood will not disappoint. Location Location Location! (id:51158)
Homes for sale in Burlington

For sale $1,500,000

1228 Hammond Street

Burlington, Ontario

5 Bedroom 4 Bathroom 2200 sqft

Welcome to your dream home in the serene Maple neighborhood of Burlington! This stunning 4+1 bedroom residence offers unparalleled comfort and luxury, with a fully finished basement featuring an additional bedroom, bathroom, spacious living room, and wet bar. The main floor boasts a seamless transition to a large deck overlooking your private backyard oasis, complete with a pool, tiki bar cabana, and hot tub hook-up. Recent updates include modern appliances, a new air conditioner, and updated windows. Don’t miss this opportunity to own a meticulously maintained home with everything you need for ultimate relaxation and convenience. (id:51158)
Homes for sale in Burlington

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