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 $1,599,900

3015 Dundas Street

Burlington, Ontario

3 Bedroom 3 Bathroom

BEST OF BOTH WORLDS! Country Living in the City! Stunning, one-of-a-kind home fully renovated to give you all the modern conveniences. Fantastic Burlington location close to all amenities, schools, parks, hiking trails, minutes to downtown core and easy QEW/407 hwy access. Full of vintage charm, this beautiful home is located on a serene 1.2 acre property with mature trees, campfire pit, large deck for entertaining, a 675 sq ft barn, 2 sheds, ample parking space, & gorgeous escarpment views. Inside, upgraded, bright, open concept, eat-in custom Kitchen offers quartz counters, SS appliances & spectacular garden views. Kitchen opens to the charming living & dining rooms - fantastic layout for entertaining - featuring upgraded light fixtures & a bay window providing loads of natural light. Sunroom is ideal for home office, a 2nd living room or mudroom/playroom and features an original stained glass window. Newly renovated powder room on main level. Original endearing staircase leads to upper level where youll find 3 large bedrooms, 2 full bathrooms and convenient bedroom level laundry! The primary bedroom is simply irresistible with its 17 foot vaulted cathedral ceilings, custom walk-in closet and spacious, recently renovated spa-like ensuite. Enjoy peaceful Country Living while being able to work in the City, or work from home with the luxury to grow your businessthe options are limitless on this stunning property! (id:51158)
Homes for sale in Burlington

For sale $1,500,000

804 Shadeland Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1736 sqft

This farmhouse, Situated On A Double 107 By 206 Lot, is a dream retreat within the city! ( Double Lot Registered On Geowarehouse As Lot 75 & Lot 76) With its spacious lot backing onto a ravine, it offers a serene escape from urban life surrounded by nature's beauty. And with 3 bedrooms and 2 bathrooms, it provides comfortable living accommodations. The main floor, with its lovely kitchen, dining area, and living room, seems like a cozy hub for daily life. The sitting area offers incredible views of the surrounding landscape, creating a peaceful atmosphere. The location is ideal with proximity to Lake Ontario, parks, a marina, and a golf club, offering plenty of opportunities for outdoor recreation. And with easy access to major highways and downtown, it strikes a balance between convenience and tranquility. This home is a perfect blend of countryside charm and urban convenience, offering a lifestyle that's both refreshing and convenient. (id:51158)
Homes for sale in Burlington

For sale $1,599,900

3015 Dundas Street

Burlington, Ontario

3 Bedroom 3 Bathroom 2491 sqft

BEST OF BOTH WORLDS! Country Living in the City! Stunning, one-of-a-kind home fully renovated to give you all the modern conveniences. Fantastic Burlington location close to all amenities, schools, parks, hiking trails, minutes to downtown core and easy QEW/407 hwy access. Full of vintage charm, this beautiful home is located on a serene 1.2 acre property with mature trees, campfire pit, large deck for entertaining, a 675 sq ft barn, 2 sheds, ample parking space, & gorgeous escarpment views. Inside, upgraded, bright, open concept, eat-in custom Kitchen offers quartz counters, SS appliances & spectacular garden views. Kitchen opens to the charming living & dining rooms - fantastic layout for entertaining - featuring upgraded light fixtures & a bay window providing loads of natural light. Sunroom is ideal for home office, a 2nd living room or mudroom/playroom and features an original stained glass window. Newly renovated powder room on main level. Original endearing staircase leads to upper level where you’ll find 3 large bedrooms, 2 full bathrooms and convenient bedroom level laundry! The primary bedroom is simply irresistible with its 17 foot vaulted cathedral ceilings, custom walk-in closet and spacious, recently renovated spa-like ensuite. Enjoy peaceful Country Living while being able to work in the City, or work from home with the luxury to grow your business—the options are limitless on this stunning property! (id:51158)
Homes for sale in Burlington

For sale $989,000

2141 Ghent Avenue

Burlington, Ontario

3 Bedroom 3 Bathroom 1513 sqft

Behold a stately setting as you drive up to this 3 bedroom freehold end unit townhouse set back on a deep lot with mature landscaping and having a driveway that is 3 cars long. Inside, the bright and airy living room carries the ambience of light hardwood floors and a natural gas fireplace. The adjoining dining room overlooks the backyard, and is conveniently located at one end of a functional galley kitchen. Upstairs the primary bedroom has dual closets with organizers, and a full ensuite bathroom. Two other generous sized bedrooms and the main bath complete the upper level. The lower level contains a spacious but irregular-shaped recreation room, as well as a spacious laundry area. Located in a quiet neighbourhood with a walk score of 70, a transit score of 58, and a bike score of 80 (per walkscore.com) the property lends to a casual lifestyle living. Tend to the ample perennial gardens and relax in their splendor - the inground sprinkler system will keep them flourishing. The downtown core of Burlington, with it's myriad of restaurants, coffee shops and boutique stores are an easy walking distance, as are the waterfront pier and Spencer Smith Park. Commuting is a breeze, walk to the GO, public transit, or use your car for easy HWY access if you must. You owe it to yourself to check out this well loved home, make your appointment now, no regrets. (id:51158)
Homes for sale in Burlington

For sale $579,900

2010 Cleaver Avenue Unit# 211

Burlington, Ontario

2 Bedroom 1 Bathroom 1002 sqft

Bright and spacious 2 bedroom condo in sought after Forest Chase complex in Headon Forest with 2 exclusive underground parking spaces close to shopping, restaurants, schools, parks, 407 ETR & QEW. Open concept living & dining room combination boasts breakfast bar & glass doors to private balcony. Unit has been recently updated with vinyl flooring all throughout. Newly updated kitchen with quartz counter and new stainless steel appliances. Large master bedroom features a walk-in closet and a second large bedroom features a bay window. In suite laundry conveniently located in closet of 4-piece bathroom with brand new washer & dryer plus separate shower & soaker tub. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $989,900

2215 Cleaver Avenue Unit# 6

Burlington, Ontario

3 Bedroom 3 Bathroom 1452 sqft

Beautiful end-unit, spacious townhome backing onto a ravine. As you walk in, you'll notice the abundance of natural light shining through the large windows. The main floor features a formal dining room, a living room with a cozy gas fireplace, and hardwood floors, along with the kitchen with all new appliances (2023). You can walk out to a private, spacious deck accessible from both the living room and kitchen that leads to an interlock patio overlooking the peaceful ravine. A convenient 2-piece bathroom completes the main level. Upstairs, the hardwood floors continue, leading to a large primary bedroom with a walk-in closet and a 3-piece ensuite featuring heated floors. Two additional good-sized bedrooms and another full bathroom with heated floors make the upper level feel spacious and comfortable. The fully finished basement offers a versatile space with a wet bar/kitchenette, perfect for guests or potential in-law accommodation, along with a full bathroom that includes a walk in shower and a large recreational room. The driveway accommodates two cars side by side, and the 1.5-car garage provides room for a vehicle and extra storage, with an inside entry for added convenience. Ideally located within walking distance to shopping, schools, parks, and more. (id:51158)
Homes for sale in Burlington

For sale $1,849,999

313 Silvana Crescent

Burlington, Ontario

4 Bedroom 3 Bathroom 1362 sqft

STUNNING CONTEMPORARY REMODEL! 4 level sidesplit in the revered Shoreacres neighbourhood! 3+1 bedrm, 2.5 bathrm, over 2600 sq ft of living space & is filled top to bottom with magnificent details. Open concept living space, gorgeous reconstructed vaulted ceiling, a sophisticated kitchen offers incredible attributes, large kitchen island, solid quartz countertop, floor to ceiling storage, smart tap & top of the line appliances. Main floor is complete with a modern gas fireplace, 4 skylights, a dining area & mudrm. Solid oak stairs lead up to the upper level feat. 3 spacious bedrms each with hardwood floors that have been sanded & restrained to match the main level. 5-piece bathroom with a rain shower head, double vanity, spa-like tub, & heated towel rack. The details continue to the lower 2 levels with a fully finished rec room with a walk-up, a cozy wood burning fireplace, spacious laundry room with an imported Italian sink. The compact powder room makes a big design impact with a unique curved wall & heated tile flooring. Another spa-like 3-piece bathrm with another rain shower head & accent lighting. The 4th bedrm has a large window & frosted glass window to open the space up. Industrial wine cellar has a floor to ceiling glass door for temperature control & an abundance of racks & shelving. Sitting on a desirable corner lot on a very quiet crescent with a stone interlock front patio. Located minutes from all amenities, communities centres, parks, schools & major highways. (id:51158)
Homes for sale in Burlington

For sale $1,389,800

2054 Hunters Wood Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 2184 sqft

Stunning Premium Lot in Headon Forest * Hardwood Floors, Wainscotting, Pot lights, Updated Ceramic Floors, Granite Counters, Black Stainless Steel Appliances, Pendant Lights, Valence Lighting, Gas Fireplace, 3 Pc Esuite, Walk-In Closet, Wall To Wall Closets in 2nd and 3rd Bedroom, 4 Large Bedrooms, 4pc Main Bath- Jacuzzi Tub, Front Load Washer/Dryer, Fully Finished Basement, Large Recreation Room, Games Room, Office Space, Backyard Oasis, Multiple Sitting Areas, Pergola with Sun Shade, Salt Water Pool, New Privacy Fence 2023, Pool Liner - 2021, Heater, Sand Filter and Salt Cell - 2019, Pool pump - 2020, Backyard Stone and Epoxy Surround - 2022, Winter Pool Cover, Robot Pool Vacuum, No Neighbours Behind, Like Muskoka In The City. (id:51158)
Homes for sale in Burlington

For sale $928,000

583 Turner Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1822 sqft

This is your chance to own a lovely 3-bedroom freehold semi in sought-after South Burlington—no condo fees! Enjoy a private, inviting backyard and a nicely updated home. The spacious foyer welcomes guests warmly. The bright kitchen overlooks the backyard, offering ample counter space and an open flow to the dining area, which also has a view of the backyard. Entertaining is easy with patio doors leading to an oversized deck. The dining room connects to a large, light-filled living room with an oversized window. Hand-scraped engineered hardwood graces the hallway, family room, and dining room (2018). Upstairs are 3 well-sized bedrooms, including a master with a feature wall. This level includes an updated 4-piece bathroom and a linen closet, with hardwood floors extending into the bedrooms and hallway (2021). The basement features a spacious recreation room, a bar area, laminate floors (2018), a 2-piece bathroom, laundry, and storage areas—perfect for relaxation. Recent upgrades: Fridge (2016), Stove (2018), A/C (2009), Furnace (2008), Windows (2015), Roof (2020), Deck & Sliding Door (2017), Shed (2023). Located on a quiet street, you're steps from the Centennial Trail, which leads to downtown Burlington. Close to the GO train, parks, schools, restaurants, and with easy highway access. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,488,888

3216 Berkshire Lane

Burlington, Ontario

4 Bedroom 3 Bathroom 2508 sqft

OPEN HOUSE SUNday 2-4! Welcome to this exceptional, open & clean 2500+ Sq ft 4 Br home on one of the most coveted streets in all of Headon Forest. The flowing & open layout of the main floor is complimented with a huge sunken family room with new flooring, updated decor & real wood burning fireplace. Main floor laundry with access to the garage & side yard is a bonus. The kitchen, with stainless steel apps, a sunken sink, granite counters and decorative backsplash, is ideal for any family with a large pantry & breakfast area w/ a walk-out to the large deck and private yard. The impressive primary bedroom is equipped with a vanity station, walk in closet and spacious ensuite with step up and in soaker tub. The other 3 Br's are well appointed with double closets. You will love having No neighbours behind you to enjoy the serene setting with mature trees & landscaping. Listen to the breeze in the trees as you relax on your deck or soak your cares away in the gorgeous 7 seater hot tub complete w/ waterfall & mood lights. Note the changes out front which include custom designed stone steps with planter box & gorgeous new garage door with a quiet GDO. (id:51158)
Homes for sale in Burlington

For sale $2,995,000

868 Danforth Place

Burlington, Ontario

5 Bedroom 4 Bathroom 3724 sqft

A true cottage in the city! The ultimate lifestyle in south Burlington with unobstructed lake views, this California style hillside hideaway offers an impressive 227' deep, almost 1/2 acre lot, with 130' of waterfront. Launch your kayak from your private dock, and watch the sunrise from the hot tub. This stunning, modern, fully renovated home, is your luxurious cottage in the city. 3724 sq. ft. on 3 levels, all with walk-outs in this incredible, unique property built into a hillside. The interior offers an open plan main level with Scandinavian style kitchen, living area with fireplace, dining area with breathtaking views, a bedroom and 3-piece bath. The middle level offers 3 more bedrooms including the primary with glamorous en suite, a 3rd bath, laundry room & dog wash! The lower level is a fantastic lounging space with rec room, fireplace, kitchen, fully equipped gym, and 5th bedroom with en suite. WATCH THE VIDEO & 3D TOUR! Pure peace and tranquility, but just minutes to endless amenities: shopping, restaurants, LaSalle Park, Burlington Golf Club, downtown Burlington & the beach, RBG & conservation areas, GO train & highway access. (id:51158)
Homes for sale in Burlington

For sale $777,000

4115 Upper Middle Road, Unit #10

Burlington, Ontario

2 Bedroom 2 Bathroom 1050 sqft

This beautiful townhome located in the very desirable Millcroft neighbourhood of Burlington might be the one you've been waiting for. This 2 bed, 3 bathroom townhome is finished beautifully and offers over 1400 sq/ft of fully finished living space. The bright and spacious kitchen features a bay window, stainless steel appliances, pendant lighting, backsplash, and plenty of prep and pantry space. The main living area features gleaming hardwood floors, and an open concept layout. Upstairs you’ll find a 4 piece bathroom and 2 spacious bedrooms each with 10’ vaulted ceilings, finished with Berber carpet. The fully finished basement is warm and inviting and offers pot lights and a 3 piece bathroom. The backyard is fully fenced, surrounded by trees and greenery for privacy and is finished with maintenance free aggregate pavers. Park right by your door in one of the 2 parking spaces. The fantastic location offers quick access to neighbourhood amenities such as Tansley Community Centre, Millcroft Golf Club, 5 grocery stores including an organic grocery store, restaurants, pubs and fitness centers including Movati, walking and bike trails. Whether you're looking to upgrade from a condo apartment or you're ready to downsize, there's so much this home has to offer! (id:51158)
Homes for sale in Burlington

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