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 $1,629,000

237 Tuck Drive

Burlington, Ontario

4 Bedroom 3 Bathroom 3566 sqft

An absolutely beautiful bungalow in the coveted Shoreacres neighbourhood and the John Tuck/Nelson school district in south east Burlington on 80 ft by 117 ft lot. Total living space of over 3500 square feet (1816 main floor and 1750 below grade). This lovingly cared for home has 3+1 bedrooms, 3 full baths, a main floor office, the primary bedroom has a walk-in closet and ensuite and a walkout to the back yard. Separate living room with fireplace and dining room, the kitchen overlooks the stunning inground pool and gardens. The basement is finished with a cozy fireplace, an additional bedroom and full washroom and space for an additional office and a separate entrance. The backyard is an entertainers dream with a 36 foot reverse kidney inground pool, hot tub, gazebo, sitting areas to entertain or just relax and enjoy your surroundings. Endless opportunities with this property to either move in and enjoy, renovate or build your own dream home. (id:51158)
Homes for sale in Burlington

For sale $999,999

2225 Shadetree Avenue

Burlington, Ontario

3 Bedroom 3 Bathroom 1284 sqft

Welcome to this beautiful detached home in the highly sought after family friendly Orchard community! This bright and spacious three bedroom house consists of newly renovated kitchen with new quartz countertop, backsplash, cabinets, and brand new appliances. the spacious master bedroom features a walk in closet and ensuite bathroom. Main floor features large open living room with stone feature wall, dining area, kitchen, powder room and a breakfast area. Flooring changed in 2019 with engineered wood. Newly finished basement with 3 layer insulation consists of a laundry area, 3 piece bath, recreation area and a den(2024). Located in the heart of Orchard community, this home is close to top rated schools in the Halton area, parks and amenities. Enjoy easy access to shopping, dining, Major Highway and public transport by living in this captivating home located on a quiet crescent in the Orchard!! (id:51158)
Homes for sale in Burlington

For sale $699,800

370 Martha Street Unit# 510

Burlington, Ontario

1 Bedroom 1 Bathroom 575 sqft

This modern and cozy one Bedroom and one full Bathroom is located in Burlington's Brand new Nautique Building located across the beautiful Burlington Harbour on Lakeshore. Conveniently Located on the fifth floor directly overlooking the Swimming pool with a view of the lake, it also features clean lines, modern concept, floor to ceiling windows, excellent indoor & outdoor building amenities, including a swimming pool, 20th floor sky lounge, fire pits, yoga studio, fitness centre. Enjoy a short walk to the Lake. Spencer Smith Park, downtown Burlington's cafes, restaurants and shops. Experience all that living in Downtown Burlington has to offer in this 24-hour concierge building. The apartment includes one parking space and one Locker. (id:51158)
Homes for sale in Burlington

For sale $659,900

100 Burloak Drive Unit# 1214

Burlington, Ontario

2 Bedroom 2 Bathroom 995 sqft

Enjoy condo living by the lake in this 2-bedroom, 2-bathroom 2nd floor apartment with laundry, that offers stunning lake views from your balcony. Enjoy your golden years in your own home, watching the sunrise with a coffee or tea from your bedroom or balcony or if you are feeling inclined, while walking in the park by the lake. Your new home includes a spacious primary bedroom with ensuite bathroom and double closets and a second bedroom perfect for guests or a home office. The laundry room has shelving for storage and a laundry tub. 1 car parking (#149) and locker (#7) are included. Make new friends at the indoor pool & fitness center, library with pool table, card games room or at the onsite restaurant. Weekly trips to the grocery store and or doctor are available. There is a 24 hr Nurse on site and weekly doctor appointments may be available if required. This home provides both assisted if needed and unassisted living and gives you the option to transition seamlessly from either if required, without having to move, all the while owning your own home. Fees include, 1 hr of monthly house cleaning as well as a $250 credit at the restaurant. See additional attached brochures for more club info. (id:51158)
Homes for sale in Burlington

For sale $1,035,000

5010 Brady Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1604 sqft

Perfect South Burlington Location for this meticulously maintained 3 Bedroom, 2 Bath Home linked only by the garage. Surrounded by Mature trees on a family friendly street in desirable Shoreacres steps from amenities, shopping, great schools, and Appleby GO. Lovely Foyer entrance leads to the main floor with renovated powder room (2024), open-concept layout featuring a spacious and bright family room and dining room. French Style Arched doorways lead to the wide kitchen with quartz countertops, white cabinetry, mosaic tiled backsplash, stainless steel appliances and patterned floor tile. Hardwood stairs with iron railings lead to second floor with three spacious bedrooms and fully renovated bath (2020) with full glass walk-in shower. Bonus room on main floor serves as home office or extra bedroom with sliding door access to the massive back yard with concrete patio (2020) and pathway and large gazebo (2020) and shed for tons of storage. Tons of other Upgrades: Newly Finished Basement (2024), LED Pot-lights (2020), Foyer(2023), Siding Painting & Lights(2022),Kitchen (2020), Roof (2020), Updated Electrical (2022). Book a showing today! (id:51158)
Homes for sale in Burlington

For sale $1,999,000

3029 Eva Drive

Burlington, Ontario

3 Bedroom 3 Bathroom 2222 sqft

Very stylish and great attention to detail. Engineered white oak flooring throughout main and upper levels. Beautiful electrical fixtures and loads of LED pot lights. Stunning custom kitchen with shaker style cabinets, quartz countertops, soft close doors, gold hardware and faucet, breakfast bar on island and quality appliances, all tastefully co-ordinated. Kitchen is open to the dining and living areas, ideal for entertaining. Luxurious primary bedroom with walk-in closet and built-in organizers, unique sliding door entry, and gorgeous ensuite. The 5 piece primary bath features a separate tub with Riobel tub filler, glass shower enclosure and 2 sinks. Finished basement has plush new berber carpet, neatly tucked away office and large laundry room with LG washer and dryer and custom cabinetry with lots of counter space. All new Ridley windows and doors, Ostaco line. All new grass, driveway, stone window wells and flagstone walkways. Updated HVAC and new electrical. All renovations done with permits. Move in and enjoy. (id:51158)
Homes for sale in Burlington

For sale $1,999,999

2069 Victoria Avenue

Burlington, Ontario

4 Bedroom 4 Bathroom 2750 sqft

This could be your forever home in the core are of downtown Burlington. The detail in the millwork shows the quality of workmanship in this rebuild. Open concept main floor with walkout to deck. Family room features coffered ceiling, built-in window seats, gas fireplace and walkout to deck. The upper level has 4 bedrooms and upper level laundry room with lots of work space for crafting. The private primary bedroom has adjoining 4 pc bath and walkout in closet. The other 3 bedrooms feel like a separate wing. There are two separate basements, one with 3 piece bath. The pool-sized yard is extremely private and also features a spacious deck with a bonus Muskoka room to enjoy the summer evenings. Walking to all conveniences including shopping, coffee shops, fine dining, Burlington Performing Arts Centre, Spencer Smith Park and so much more. (id:51158)
Homes for sale in Burlington

For sale $8,800,000

5244 #1 Side Road

Burlington, Ontario

4 Bedroom 3 Bathroom

Please see video attached with additional details. Welcome to a truly exceptional property nestled amidst 111 acres of picturesque rolling hills, lush woodlands, and winding trails. Located just north of Dundas between Appleby Line and Bronte Road, this remarkable estate offers the perfect blend of tranquility and convenience, with Oakville and Burlington a mere 5-minute drive away, providing access to all essential amenities. As you enter this expansive property, you'll be greeted by four distinct residential homes, each offering its own unique character. The main house is 2-story/5000 sq ft and the additional homes are a1,065 sq ft detached bungalow and a spacious 2,960 sq ft duplex providing versatile living options. Currently operating as an equestrian facility, this property is a haven for horse enthusiasts. Several additional buildings are on the property. With its prime location and abundant amenities, this property truly represents the best of both worlds - a serene country retreat just moments away from the vibrant cities of Oakville and Burlington. Don't miss this rare opportunity to own a truly one-of-a-kind estate. **** EXTRAS **** DO NOT WALK THE PROPERTY, MUST BOOK A SHOWING. Property is on Municipal Water. All Measurements are approximate. Property Is Being Sold On An 'As Is, Where Is' Basis, No Representation Or Warranty. (id:51158)
Homes for sale in Burlington

For sale $599,000

1329 Plains Road E Unit# 2

Burlington, Ontario

1 Bedroom 1 Bathroom 801 sqft

Welcome to your stylish new home in the heart of Burlington! Perfectly designed for first-time buyers and young professionals, this chic one-bedroom stacked townhouse boasts just over 800 square feet of contemporary living space. The open-concept layout is ideal for entertaining, with a sleek kitchen that flows seamlessly into the living area and out onto your private balcony perfect for morning coffees or evening drinks. This trendy home also features a single garage plus two additional parking spots in the driveway, offering convenience and plenty of space for guests. The oversized bedroom is spacious and filled with natural light, creating a serene retreat after a busy day. Plenty of space for reading nook and work from home area. Located in a vibrant community, you'll have easy access to local shops, parks, entertainment venues, and top-notch dining options. 15 minute walk to GO Station with trains every 30 minutes to Union Station. Don't miss out on the perfect blend of modern living and unbeatable location. This stunning townhouse is ready to welcome you home! (id:51158)
Homes for sale in Burlington

For sale $8,800,000

5244 #1 Sideroad - R.r. #6

Burlington, Ontario

4 Bedroom 3 Bathroom 5000 sqft

Please see video attached with additional details. Welcome to a truly exceptional property nestled amidst 111 acres of picturesque rolling hills, lush woodlands, and winding trails. Located just north of Dundas between Appleby Line and Bronte Road, this remarkable estate offers the perfect blend of tranquility and convenience, with Oakville and Burlington a mere 5-minute drive away, providing access to all essential amenities. As you enter this expansive property, you'll be greeted by four distinct residential homes, each offering its own unique character. The main house is 2-story/5000 sq ft and the additional homes are a1,065 sq ft detached bungalow and a spacious 2,960 sq ft duplex providing versatile living options. Currently operating as an equestrian facility, this property is a haven for horse enthusiasts. Several additional buildings are on the property. With its prime location and abundant amenities, this property truly represents the best of both worlds - a serene country retreat just moments away from the vibrant cities of Oakville and Burlington. Don't miss this rare opportunity to own a truly one-of-a-kind estate. (id:51158)
Homes for sale in Burlington

For sale $1,899,000

2149 Caroline Street

Burlington, Ontario

5 Bedroom 4 Bathroom 4357 sqft

Attention Builders, Renovators, or Savvy Investors! Rare Opportunity in Downtown Burlington Seize the chance to own a very Rare opportunity to own a 79.91' x 150' residential duplex or building lot in Downtown Burlington. Prime location near amenities, shopping, theatre, transit, trails, parks, and the lake. Situated in a highly desirable mature neighborhood surrounded by renovated and newly built homes. Options include: renovate the existing duplex, build one new home up to 5,000 sq/ft, or build two new homes (severance pending). Currently divided into 3 separate leased units. Potential Uses: Continue renting to three individuals for steady income. With an option for a 4th unit in the basement. Subdivide the property into 2 lots for increased value and flexibility. Upgrade rental units for higher-paying tenants. Hold the property for future appreciation or custom home development. Potential for 4-5 townhome development, pending city approval. 48 hours' notice required to access the tenanted dwelling. Property sold as-is with no representation or warranty. Don't miss this unique one-of-a-kind property with endless potential. (id:51158)
Homes for sale in Burlington

For sale $1,199,000

4400 Millcroft Park Drive Unit# 34

Burlington, Ontario

3 Bedroom 3 Bathroom 1225 sqft

Exceptional freehold raised bungalow END UNIT...the one you have been waiting for! Conveniently located in the highly sought-after Millcroft Villa Grand community. This stunning home sits in a quiet, well-maintained complex, close to parks, restaurants, great schools, shopping, highways & Millcroft G&CC. This bright and spacious 2+1 bed, 3 bath home offers approx. 1700 sq. ft. of living space with the add'l LL laundry, hobby room + plenty of storage. You are immediately wrapped in the warmth of the light that shines through the large attractive windows. The entry level offers the convenience of a bedroom/office + bathroom. Ascend a few steps to the open concept main floor with vaulted ceilings, hardwood floors, beautiful kitchen with solid maple cabinetry, pot lights + granite countertops as well as a walkout to the deck + rear yard. The primary bedroom has California shutters, a walk-in closet + a 4-piece ensuite. The lower level features a large rec room with above grade windows, as well as a certified gas fireplace, a large bedroom and bathroom, perfect for teens, in laws or out-of-town guests looking for privacy. Adding to the attractiveness of this all-brick home is a lovely front porch + a convenient 1.5 car garage with an upper storage area and epoxy covering on the floor. With a doable modification, the garage can be restored to a 2-car garage if the bonus storage is not needed. Private fenced rear yard with a sprinkler system + raised flower bed in a PRIME LOCATION! (id:51158)
Homes for sale in Burlington

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