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 $1,899,000

1477 Lakeshore Road Unit# 301

Burlington, Ontario

3 Bedroom 2 Bathroom 1976 sqft

Stunning 2-bedroom PLUS den, 2 full bath condo in the heart of downtown Burlington! Approximately 2000 square feet PLUS an incredible 1300 square foot TERRACE! This unit has been COMPLETELY renovated and includes 2 underground parking spots and an oversized locker! This unit boasts an incredible open concept floorplan with smooth 9 ft ceilings throughout. There is a custom kitchen, 2 renovated bathrooms, pot lights, automated window treatments, wide-plank engineered hardwood flooring and updated trim/doors/fixtures/crown moulding throughout! The eat-in kitchen features custom white cabinetry, quartz counters and gourmet stainless appliances including a built-in double wall oven, microwave, induction cook top and wine fridge! The kitchen opens to the oversized dining/family rooms which feature beautiful downtown views and access to both the terrace and balcony! There is also a sunroom and laundry/storage area. The primary bedroom includes a large walk-in closet with custom organizer and an incredible spa-like 5-piece ensuite with heated flooring, a large glass shower and separate soaker tub. The 3-piece main bath features a large walk-in shower and heated flooring! There is also a large 2nd bedroom and separate office/den with custom built ins! The massive terrace features 3 separate entrances and a gas BBQ hookup! Building amenities include a rooftop pool/patio/BBQ area with incredible views, a gym & steam room, hobby room, indoor golf net, party room/lounge & billiards! (id:51158)
Homes for sale in Burlington

For sale $7,500,000

865 Glenwood Avenue

Burlington, Ontario

3 Bedroom 6 Bathroom 7375 sqft

Nestled in a private Muskoka-like setting, this architectural masterpiece offers over 7,000 sqft of unparalleled luxury living. The sound of the waterfall feature will transport you to a place of pure relaxation. Constructed with steel and Coreslab concrete, this home boasts a striking limestone and aluminum exterior setting a new standard in modern design. The airport hanger style garage door with up to 14’ clearance is a collector's dream, complete with a garage lift for showcasing prized vehicles. The personal elevator offers effortless access throughout this already thoughtfully designed bungalow. The chef's dream kitchen is equipped with top-of-the-line appliances, designed to inspire culinary excellence while the lower level catering kitchen is secretly tucked away out of sight. The primary suite is a haven of relaxation with a spa-like ensuite bath, while an actual indoor oasis awaits in the lower level with a swim spa and sauna, promising a retreat-like experience at home. Bamboo and stone feature walls are showcased like works of art, adding a touch of nature's elegance to the interior. Wine connoisseurs will appreciate the temperature-controlled 264 bottle wine cellar, highlighted by a stunning backlit onyx stone display. This luxury residence harmonizes sophisticated design with serene surroundings, creating a unique and exclusive living experience. From its state-of-the-art amenities to its breathtaking architectural details, this home is a true masterpiece. (id:51158)
Homes for sale in Burlington

For sale $459,900

3200 Dakota Common Unit# B501

Burlington, Ontario

1 Bedroom 1 Bathroom 517 sqft

Welcome To Valera Condos In Sought After Alton Village. This 1 Bed 1 Bath Suite Features An Open Concept Layout, Floor To Ceiling Windows, Ensuite Laundry And A Walk Out To A Spacious Balcony. Modern Kitchen Offers Stainless Steel Appliances And Quartz Countertops. Resort Like Amenities Include Exercise Room, Yoga Studio, Sauna & Steam Room, Outdoor Rooftop Pool With Lounge & Bbq Area, Lobby With Concierge, Party Room With Kitchenette & Outdoor Terrace. This Unit Comes With 1 Parking Space & 1 Storage Locker. Close Proximity To Great Schools, Shopping, Dining, Public Transit & Major Highway Access. (id:51158)
Homes for sale in Burlington

For sale $1,859,000

2437 Dundas Street W

Burlington, Ontario

2 Bathroom

Excellent opportunity to buy 1.3 acre commercial /institutional property with over 32 parking on Dundas street. Lots of usage. Upper portion is rented to Church who works on Sunday and Thursday. Lower potion is used for Meditation hall and office and has small kitchen. Second floor main entrance has office, Gathering area and sitting hall. Cemetery area is taken care by Burlington Cemetery organization. Buyer can take responsibility. Building is not registered as Heritage .Buyer to to due diligent .AAA class tenant wants to continue or Six month notice required for Upper Tenant to vacate. Seller has recent appraisal (id:51158)
Homes for sale in Burlington

For sale $884,900

2324 Coldstream Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1183 sqft

Located in the heart of Burlington's Brant Hills neighbourhood, this 3 bedroom, 1.5 bathroom semi-detached backsplit is the perfect place to call home. Just a short walk to schools, parks and the community centre, and a quick drive to shops and restaurants, this home offers convenience for the whole family. The large open concept main floor living space is perfect for entertaining and family gatherings. With a renovated kitchen with quartz countertops and a bright living room with a big bay window and fireplace, plan to spend most of your time in this space. The lower level is a great for a home office and you won't want to miss the huge crawl space which doubles as a secret playroom for the kids! Step outside to your private garden oasis, complete with a hot tub, a cozy gazebo and an outdoor playground. Whether you're a young family, looking to upgrade from a condo, or seeking a cozy space to downsize, this home has it all. It’s the perfect blend of comfort and convenience in one of Burlington's favourite neighbourhoods. (id:51158)
Homes for sale in Burlington

For sale $629,900

2085 Amherst Heights Drive Unit# 501

Burlington, Ontario

2 Bedroom 2 Bathroom 1205 sqft

Discover the charm of this original owner condo with a custom floor plan, offering a spacious 1205 square feet of living space. Bathed in natural sunlight from its south-facing orientation, this condo boasts a generous living/dining room area, a large primary bedroom with a walk-in closet, and a four-piece ensuite featuring a relaxing soaker tub. The den, complete with a closet, can easily be converted into a second bedroom. Enjoy the fresh air and views of the lake on your private balcony. This condo also offers a three-piece guest bathroom, eat-in kitchen and in-suite laundry. Additional perks include an owned underground parking spot and locker. The building offers excellent amenities such as a car wash, exercise room, party room, and visitor parking. With public transit right at your doorstep, and close proximity to parks, shopping, restaurants, a movie theatre, the Go Station, and major highways, this condo is perfectly situated for convenience and lifestyle. Don't miss out on this bright and sunny condo waiting for you to add your personal touch! Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $1,300,000

5203 Mulberry Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1104 sqft

What a wonderful family home in the sought after Elizabeth Gardens! This three level side split is situated on a premium 60' x 120' private lot with a gorgeous inground pool. This home features a large living room with a huge bay window that floods the living room with natural light. The cozy kitchen with white and grey cabinetry has large windows and seating for two at the breakfast bar. The upper level showcases three good size bedrooms along with a four-piece bathroom. The finished lower level has over-sized windows which allow for natural light to stream in. A large utility room, laundry and ample storage are in the crawl space. This lower level also has a walk up to the fully fenced/hedged backyard oasis. Great location just blocks from the lake and steps to great schools, parks, shopping, and dining and minutes to highways, the GO and endless other great amenities. Pride of ownership is evident throughout this meticulously maintained home. Hurry before you're TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $899,900

1340 Bunnell Drive

Burlington, Ontario

5 Bedroom 2 Bathroom 1100 sqft

Lovely brick bungalow on a quiet street in the heart of Mountainside! This charming bungalow has two separate legal units. Great set up for an in law suite or rent out one unit for extra income! Main floor unit has spacious living area and 3 bedrooms. The basement unit has a separate side entrance, large kitchen and living area with 2 bedrooms and 3 piece bathroom. Shared laundry located in basement. Deep lot with nice size backyard and ample parking for 4 cars. RSA. Great location close to schools, parks, shopping, recreation centre and a 5 min walk to Mountainside Park! (id:51158)
Homes for sale in Burlington

For sale $749,900

70 Plains Road W Unit# 46

Burlington, Ontario

2 Bedroom 3 Bathroom 1454 sqft

MODERN, WEST URBAN TOWNHOUSE IN BURLINGTON. THIS 2 BEDROOM, 2.5 BATH HOME OFFERS OVER 1400 SQUARE FEET OF TOTAL LIVING SPACE WITH TONS OF NATURAL LIGHT. THE BRIGHT OPEN CONCEPT KITCHEN FEATURES BEAUTIFUL WHITE CABINETRY & STAINLESS STEEL APPLIANCES. LARGE ROOF TOP PATIO PERFECT FOR BARBEQUES AND ENTERTAINING!!! LOCATED MINUTES TO BIKE TRAILS, DOWNTOWN BURLINGTON, LA SALLE PARK, MARINA & ALDERSHOP GO. GREAT SCHOOLS AND AMENITIES NEARBY, DON'T MISS OUT ON THIS BEAUTIFUL TOWNHOME. (id:51158)
Homes for sale in Burlington

For sale $1,299,000

414 Bryant Crescent

Burlington, Ontario

4 Bedroom 3 Bathroom 1287 sqft

A charming, well-kept bungalow with 3+1 bedrooms and 3 full baths, ideally situated on a quiet court in South East Burlington. This home offers a huge private pie-shaped lot, within walking distance to parks, schools, shops, restaurants, grocery stores, and Appleby GO. Large windows in the living/dining area allow plenty of natural sunlight, creating a warm, cozy environment. The bright kitchen boasts ample counter and storage space. There are 3 bedrooms on the main floor, including a master with an ensuite, and an additional bedroom and bath on the lower level. A spacious recreational room with a fireplace completes the lower level, making this home ideal for your growing family or that downsize you've been considering. Carpetless throughout and inside entry from the garage add to the convenience. Minutes from downtown Burlington and Oakville. This home has seen numerous upgrades: engineering hardwood flooring on the main level (2024), new door and frames on main level (2024), wide plank laminate flooring on the lower level (2021), fresh paint (2024), a new fridge (2024), and new pot lights (2024). Your dream home is calling—don't miss out! (id:51158)
Homes for sale in Burlington

For sale $1,849,000

124 Lynn Court

Burlington, Ontario

3 Bedroom 3 Bathroom 1462.41 sqft

One-of-a-kind designer showpiece situated on a secluded 134’ deep treed lot! This modern residence offers an open concept main level with vaulted ceilings that is an entertainer’s dream. The contemporary kitchen showcases sleek cabinetry, quartz countertops, stainless steel appliances, and a breakfast bar seating three. It seamlessly transitions into the dining area with deck access and the spacious living room, which offers a built-in bar, captivating barnboard feature wall, and a gas fireplace. The primary retreat is impressive, and features a barnboard feature wall and a well-appointed walk-in closet with built-ins. The spa-inspired primary ensuite is a work of art, showcasing a custom wood vanity with dual sinks, a glass shower, and sleek black slate flooring. A generously proportioned second bedroom with a 9’ ceiling, two spacious closets, and expansive transom windows that bathe the room in natural light, as well as a four-piece main bathroom with a custom wood vanity complete the upper level. The professionally finished lower level, with its separate entrance and brand new broadloom, offers an oversized recreation room with built-in cabinets and a gas fireplace, third bedroom, an office, powder room, ample storage space, and a bright laundry room with a walk-up to the back yard. Additional highlights include spectacular front gardens, wide-plank hardwood floors throughout the main and upper levels, and hardwood staircases accentuated with glass panels and stainless steel handrails. The exquisitely landscaped back yard is a true oasis, featuring an expansive deck with a charming gazebo and a relaxing hot tub, creating an ideal space for entertaining. Surrounding this area, you’ll discover stunning perennial gardens, mature hedges, majestic towering trees, and plenty of space for children and pets. This desirable locale is just minutes from the lake and LaSalle Park! (id:51158)
Homes for sale in Burlington

For sale $1,389,000

1302 Dunbar Road

Burlington, Ontario

4 Bedroom 3 Bathroom 1893 sqft

Welcome to this stunning, sun-filled and open-concept brick bungalow. This 2+2 bed, 3 bath home is situated on a spacious 67 ft. x108 ft. lot, fit for an entertainers paradise with numerous upgrades inside and out. Featuring high-end herringbone hardwood floors, a designer kitchen with quartz countertops and backsplash, a center island, undermount cabinet lighting, a breakfast bar, stainless steel appliances including a counter-depth fridge, wall oven, built-in microwave, flat cooktop, and ample storage. The primary bedroom includes a luxuriously finished 3-piece ensuite. A wooden staircase with a modern glass railing enhances the home's charm and leads you to the fully finished basement offering a spacious rec. room, third bedroom, den, newer 3-piece bath, and a laundry room with washer and dryer. This beautiful home is lit by pot lights throughout and includes additional features comprising newer windows throughout, a newer high end front door, a fully updated outdoor setting with fresh landscaping, composite fencing, a spacious patio including an outdoor sink, and large gazebo (as-is). Prime Location with easy access to highways, shopping, restaurants, parks, schools, and more. Roof -2023, Carport -2024, Furnace - 2017 and AC is 2017 . (id:51158)
Homes for sale in Burlington

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