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$1,449,000

2379 Lakeshore Road

Burlington, Ontario

5 Bedrooms6 Bathrooms6165 sqft

*TO BE BUILT - LOT AND DESIGN PLANS ONLY* Build your dream home on one of the most coveted streets in Burlington in desirable Roseland neighbourhood just minutes from downtown Burlington and Port Nelson Park on the waterfront. This property and neighbouring one include architectural design plans by SDMA Design & Architecture for a 4320 sq.ft 2.storey above ground detached home PLUS 1835 sq.ft. 1 bedroom in law suite with separate entrance in basement. The preliminary steps have been done for you. Pre building approval near complete with City of Burlington - final step is to apply for building permit. Hire your own builder or use existing one that has each home currently in its 2024 build schedule. Surrounded by mature trees to maintain privacy, with tree protection fencing already in place. Ready to start your dream project? This is the location you have been waiting for! Serious inquiries contact LA for full design and floor plans. Price is for property and design plans only. (id:51158)

For Sale$629,888

2055 Upper Middle Road Unit# 1610

Burlington, Ontario

2 Bedrooms2 Bathrooms1075 sqft

Unobstructed panoramic Escarpment view. 40 ft balcony approx additional 200 sq ft, 2 bedrooms, 1242 sqft. Renovated unit in popular Burlington location. Newer flooring throughout. Newer kitchen with granite counters (2019), ensuite locker, laundry, 1.5 baths. Common elements, tennis court, inground pool, library, guest suites, workshop, exercise room, Billiard/party room and more. Minutes to 403, QEW & 407. 1 parking spot underground and 1 above. (id:51158)

For Sale$1,159,000

415 Locust Street Unit# 1001

Burlington, Ontario

3 Bedrooms2 Bathrooms1620 sqft

Spacious 2 bedroom + den suite in prime downtown core location with stunning views of the lake, waterfront park and city lights beyond! 1,620 sq.ft. Primary bedroom with 4-piece ensuite and walk-in closet, sun room/solarium and an oversized laundry. South/southwest exposure provides loads of natural light. Building amenities include a party room, exercise room, rooftop deck/garden, car wash, sauna and bicycle storage. 2+1 bedrooms, 2 bathrooms, 2 underground parking spaces and 1 storage locker. (id:51158)

For Sale$5,900,000

3400 Milburough Line

Burlington, Ontario

7 Bedrooms7 Bathrooms

Uncover a hidden treasure on 20 acres of private paradise. This exceptional estate boasts a custom-built masterpiece with 6+1 bedrooms and over 10,000 sq ft of beautifully finished living space, ideal for hosting grand events or enjoying quiet family time. The professionally landscaped grounds feature a gated entry, a private forest with walking trails, and expansive patios overlooking meticulously planted gardens, perfect for outdoor gatherings. Nestled in the peaceful countryside yet conveniently close to town amenities, this one-of-a-kind property is a rare find. (id:51158)

For Sale$5,900,000

3400 Milburough Line

Burlington, Ontario

7 Bedrooms7 Bathrooms10439 sqft

Uncover a hidden treasure on 20 acres of private paradise. This exceptional estate boasts a custom-built masterpiece with 6+1 bedrooms and over 10,000 sq ft of beautifully finished living space, ideal for hosting grand events or enjoying quiet family time. The professionally landscaped grounds feature a gated entry, a private forest with walking trails, and expansive patios overlooking meticulously planted gardens, perfect for outdoor gatherings. Nestled in the peaceful countryside yet conveniently close to town amenities, this one-of-a-kind property is a rare find. (id:51158)

For Sale$1,799,999

2060 Lakeshore Road Unit# 1201

Burlington, Ontario

3 Bedrooms2 Bathrooms1276 sqft

Located in the heart of downtown Burlington, Bridgewater Private Residences is Burlington’s most prestigious condominium. In this 2-bedroom plus Den, 2 bath suite with over 1250 sq. feet no expense has been spared to create a truly refined living area with magnificent details. Open concept living space, gorgeous trayed ceilings and a sophisticated gourmet kitchen featuring Barzotti cabinets offers luxury built in Thermador appliances, integrated fridge and dishwasher, quartz countertops and an oversized island. The details continue with over $150,000 spent in builder’s upgrades including engineered hardwood floors throughout, a modern gas fireplace with custom mantle, additional custom millwork throughout the unit, barn doors, light fixtures, custom lighting, surround sound system, and automated blinds. The master bedroom is spacious and includes a spa like 4-piece ensuite with double vanity, quartz countertop, rain shower and heated floors. The second bedroom has ample storage with closet and a custom wardrobe with access to another spa like 3-piece bathroom which includes quartz countertops. A bright and spacious corner Den provides floor plan flexibility adding a great feature to this exceptional residence. The floor to ceiling windows located off the living area let in an abundance of light and offer a walk out to a spacious balcony featuring custom flooring and a gas barbecue overlooking Lake Ontario. Amenities include recreation room,gym,Terrace,indoor pool and spa (id:51158)

For Sale$3,750,000

5489 Milburough Line

Burlington, Ontario

5 Bedrooms4 Bathrooms

Welcome to a prestigious & tranquil retreat in the heart of North Burlington, where comfort meets rural charm on this expansive 75-acre farm. Nestled amidst lush landscapes, this magnificent property boasts a spacious 3,907 square foot, 2-storey, 5 bedroom, 4 bath home, offering an exceptional blend of convenience and luxury. The main floor features a bedroom & ensuite, perfect for guests or multi-generational living. The kitchen is equipped with restaurant-grade appliances, making it a culinary enthusiast's dream. The 2nd floor includes a 2nd large family room, ideal for extra privacy, kids space, & entertaining, while each bedroom is generously sized. The large living spaces along with high-speed internet ensuring a blend of modern living with the tranquility of country life. Large windows throughout the home provide stunning views of the picturesque landscape, sunsets, sunrises, the serene 2-acre pond & extensive walking/horse trails that invite exploration and relaxation. Beyond the main residence, the property includes an inground fibreglass pool, a 34' x 48' barn, a massive shed, & an outbuilding ideal for various agricultural pursuits or as a versatile space for hobbies & storage. **** EXTRAS **** All existing kitchen appliances (incl. restaurant grade appliances) & washer/dryer, all electronic light fixtures, , all window coverings (id:51158)

For Sale$3,995,000

312 North Shore Boulevard W

Burlington, Ontario

5 Bedrooms6 Bathrooms6691 sqft

Spectacular custom built dream home with gorgeous lake views located in beautiful Aldershot. No expense was spared, and no detail overlooked during the creation of this show piece! The attention to detail is everywhere, with the soaring ceilings, custom millwork, functional open concept flow! Notable refinements include generous use of stone both inside and out, hardwood, multiple spa ensuites, large functional principal rooms, spectacular chef's kitchen with top of the line Sub-Zero and Wolf built-in appliances including double wall oven, custom cabinetry, and oversized island for effortless entertaining, multiple fireplaces, and a soaring 2 story family room. Just under 7,000 sq ft of living space, this 5 bedroom home has it all. Walkout to a covered porch (built in fireplace and TV ready) overlooking lake Ontario. Formal living, dining rooms, powder, office & spacious mud rooms with custom built-ins complete the main level. Second level features a bright landing with sky light, primary bedroom with his and hers walk-in closet, 5 piece ensuite with heated flooring and a private balcony with lake views. Remaining 3 bedrooms all have walk-ins and ensuites. Finished lower level includes wet bar, games room, exercise/sauna room, theatre room (projection and 7.1 surround ready), 5th bedroom, with 3 piece ensuite bath, utility room, storage and a walk-up to the inground pool. Tarion insured. Ready Late June 2024. (id:51158)

For Sale$5,565,000

5565 Guelph Line

Burlington, Ontario

6 Bedrooms6 Bathrooms3978 sqft

Welcome to Mt. Nemo Creek, an estate offering unparalleled luxury and natural beauty. The custom-built timber frame home (Discovery Dream Homes) spans over 6900 sq ft, including a separate 1000 sq ft, 2-bedroom granny flat. The main residence features wide plank hardwood floors, a gourmet kitchen with quartz counters, a magnificent master suite with a private balcony, and a fully finished lower level with a large home theatre and two full bedroom suites (which can be used as Airbnbs or remain connected to the house). The property spans 38.5 acres, featuring 14 acres of hayfield and over 20 acres of forested creekside trails, a mini football field, a 200m bunny ski hill, and private access to Mt. Nemo and Colling Park. The estate includes an oversized garage with stairs to storage space above, a workout gym, and a comprehensive water treatment system. The front entrance is breathtaking, leading through the Great Room to massive windows that capture stunning views. The sharp custom kitchen includes quality appliances, quartz counters, and a pantry cupboard. The main floor office is spacious, and the master suite offers a private balcony and luxurious 5-piece ensuite. The upper level features a loft area, two oversized bedrooms with 12’ ceilings, a full bath, and plenty of closet and storage space. Experience the best sunsets in Burlington from this magnificent estate. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$899,000

2230 Manchester Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1637 sqft

2230 Manchester Drive is situated in Brant Hills, one of Burlington's best family-oriented neighborhoods. This semi-detached raised bungalow offers you 4 bedrooms and 2 full bathrooms, 3 of the bedrooms are located on the main floor while the lower level of this home features a finished basement that is highlighted as the in-law suite, complete with its own kitchen, bedroom, and full bathroom plus a private and comfortable living area. Additionally, there is a huge storage room that doubles as a workshop. On the main floor the open dining room flows seamlessly into the living room, illuminated by a large front window that floods the space with natural light. The kitchen is designed for functionality and storage, featuring a bar top perfect for casual dining. A side door off the kitchen leads to a deck, ideal for BBQs and entertaining. The fully fenced backyard provides a safe and spacious area for kids and pets to play. The property is within walking distance to public schools, Brant Hills Community Centre, the library, and local parks. Don't miss the opportunity to make this wonderful home your own! (id:51158)

For Sale$5,565,000

5565 Guelph Line

Burlington, Ontario

6 Bedrooms6 Bathrooms

Welcome to Mt. Nemo Creek, an estate offering luxury & natural beauty. The custom-built timber frame home (Discovery Dream Homes) spans over 6900 sqft, including a separate 1000 sqft, 2-bed granny flat. The main residence features wide plank hardwood, a gourmet kitchen w/ quartz counters, a magnificent master suite w/ a private balcony & a fully finished lower level w/ a large home theatre & two full bed suites (which can Airbnbs). The property spans 38.5 ac, featuring 14 ac of hayfield & over 20 ac of forested creekside trails, a mini football field, a 200m bunny ski hill & private access to Mt. Nemo & Colling Park. The estate includes a garage w/ stairs to storage space above, a gym & a water treatment system. The front entrance is breathtaking, leading through the Great Room to massive windows that capture stunning views. The sharp custom kitchen includes quality appliances, quartz counters & a pantry. The main floor office is spacious & the master suite offers a private balcony & 5-piece ensuite. The upper level features a loft, 2 oversized bedrooms w/ 12 ceilings, a full bath & plenty of closet/storage space. Experience the best sunsets in Burlington from this estate. RSA. (id:51158)

For Sale$499,900

3200 Dakota Common Unit# B602

Burlington, Ontario

1 Bedrooms1 Bathrooms500 sqft

Stunning condo in Burlington's prestigious Valera Condos! This unit features a rare offering of 2 underground parking spots!! and 2 lockers! fabulous open concept upgraded kitchen to living space, floor-to-ceiling windows providing ample sunlight, smart home technology, modern wood flooring, with west-facing balcony. The building offers top-notch amenities: 24/7 concierge, outdoor pool, BBQ terrace, fitness studio, sauna, steam room, pet spa, and a party room. Located steps from shopping, dining, and leisure facilities, with easy access to the 407, Appleby GO and Bronte Creek Park! this property offers unparalleled convenience and lifestyle. Don't miss this exceptional living opportunity! (id:51158)