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 $669,900

2055 Upper Middle Road Unit# 1008

Burlington, Ontario

3 Bedroom 2 Bathroom 1308 sqft

Discover the perfect blend of convenience, and tranquility in this spacious 1308 sqft corner unit with stunning Western views of the Niagara Escarpment and Lake Ontario. Ideal for peaceful turnkey living, this meticulously cared-for 3 bed/2 bath condo offers a versatile space for relaxation and comfort. Step inside to find a spacious living and dining area with white oak hardwood floors complemented by picture windows and a 15ft balcony perfect for sunset views. The kitchen features new counters, backsplash, stainless steel fridge, dishwasher and white glass top stove and microwave, ensuite washer and dryer included. The primary bedroom boasts an updated 3-piece ensuite bathroom and a walk-in closet, while the second bedroom and third bedroom offer great additional spaces for guests, home office or den. This amenity-rich building includes an inground pool, tennis court, a gym with sauna, party room, guest suite, and more. Condo fees cover all utilities, including heat, hydro, water, and Bell Fibe TV package, providing exceptional value and convenience. Located near shopping, dining, parks, schools, and major highways, this is an opportunity not to be missed for those seeking a peaceful and luxurious lifestyle in Brant Hills. Book your appt today! (id:51158)
Homes for sale in Burlington

For sale $639,990

3200 Dakota Common Unit# B813

Burlington, Ontario

2 Bedroom 2 Bathroom 720 sqft

Stunning Brand-New Never Lived In 2 Bed / 2 Bath Corner Unit Located In The Highly Sought-After Alton Village Of Burlington. This Modern And Stylish Unit Boasts High-End Finishes, An Open Concept Layout, And Floor To Ceiling Windows bringing in Abundance Of Natural Light. Enjoy The Convenience Of In-Suite Laundry, Underground Parking, And A Spacious Balcony Perfect For Entertaining. Amazing amenities including outdoor pool with cabana and bbq area, gym, yoga room as well as a beautiful combination of sauna and steam room for relaxation. Located Just Steps Away From Shopping, Restaurants, Parks, And Schools. This Is The Perfect Opportunity To Enjoy Upscale Living In One Of Burlington's Most Desirable Neighborhoods. **Monthly Rental: HVAC (id:51158)
Homes for sale in Burlington

For sale $689,000

551 Maple Avenue Unit# 814

Burlington, Ontario

2 Bedroom 1 Bathroom 897 sqft

Discover a gem in the heart of Burlington! This beautifully maintained 2-bedroom condo in the prestigious Strata building offers a prime location and a vibrant lifestyle. Just steps from Spencer Smith Park, the lake, beach, and downtown’s lively dining, shopping, and entertainment scene, it’s perfect for those seeking both convenience and charm. Inside, enjoy 897SF of total living space with a spacious, open layout with sleek dark-stained engineered bamboo floors and stunning eastern exposure, filling your mornings with natural light. The modern kitchen boasts slate countertops and stainless steel appliances. Step onto your private balcony and take in the serene views beneath the Zen garden. The Strata building features top-notch amenities, including 24-hour security and concierge services, an indoor pool and spa with breathtaking views, a games room, a state-of-the-art gym with yoga and Pilates studio, a steam room, a party room, and a rooftop patio with BBQs. Guests can also stay comfortably in one of the guest suites. With easy access to highways, schools, and all local amenities, plus the bonus of 1 parking spot and 1 locker, this condo is an ideal haven for those seeking the perfect blend of luxury and lifestyle. Don’t miss out on this amazing opportunity! (id:51158)
Homes for sale in Burlington

For sale $464,750

1377 Lakeshore Road Unit# 108

Burlington, Ontario

1 Bedroom 1 Bathroom 780 sqft

An unbeatable location for this updated, bright & spacious, 1 bedrm corner unit at Lakeside Heights in downtown Burlington, directly across from Spencer Smith Park, literally steps to lake, trails, & hospital, a minute to QEW/403/407, & surrounded by just about every other amenity. Lakeside Heights is the premier co-op building in Burlington. This unit features 780sqft, an updated kitchen w/quartz CTs, brand-new SS fridge, stove, & range hood, backsplash, new sink & faucet, quality cabinetry w/soft-close drawers, & a pantry, a dining area off kitchen, a large living rm w/lots of windows, a spacious primary bedrm w/mirrored closet, an updated 4pce bath w/new vanity, porcelain CT, faucet, showerhead, toilet, vinyl floors, & reglazed tub & wall tile, quality hardwood floors T/O, updated light fixtures, lots of closet/storage space, & fresh paint T/O. This unit is in a great location in the building, just a few steps to laundry, storage locker, & parking. The building has a great community feel, is very quiet, extremely well maintained, has a great condo committee, & a healthy reserve fund. The building also has an elevator, onsite laundry facility, & ample visitor parking. The monthly fee includes PROPERTY TAX, heat, water, cable, internet, storage locker, & exclusive parking space. Adults only. No rentals/leasing. No pets other than service animals. This unit shows pride of ownership, has many very recent updates, & is move-in ready! Don’t wait & miss this one! Welcome Home! (id:51158)
Homes for sale in Burlington

For sale $533,900

700 Dynes Road Unit# 309

Burlington, Ontario

2 Bedroom 2 Bathroom 1137 sqft

Looking for that secure, turnkey lifestyle, within walking distance to fabulous amenities? Come check out this almost 1200 sq.ft.  2 bedroom, 1.5 bath home in the sought-after Empress Building at the corner of Prospect and Dynes. Large principal rooms means you can bring your cherished dining room suite with you, and still have room for that sectional couch.  Situated across from the Burlington Centre Mall, enjoy the farmers' market, shopping, dining, and banking only a leisurely stroll away. The amenities in this building are second to none and the lifestyle includes a security concierge, car wash, fitness centre, library, common kitchen/party room, workshop, and sauna, and...if lounging pool-side is more your thing, we've got that covered too with the gorgeous outdoor salt-water pool, or entertain at the community BBQ.   The suite itself is well appointed with quality upgrades such as porcelain tiles and engineered hardwood flooring, and offers the comfort of ductless AC mini-split with heat pump.  The over-sized primary bedroom has a walk-in closet, and 2 piece ensuite for added convenience. The second bedroom offers a double mirrored closet and is across the hall from the fully renovated main bath with walk-in shower with glass doors. There's a large laundry and storage room keeping you organized.   Immerse yourself in this friendly, active community in a superbly maintained building, with outstanding amenities to enhance your lifestyle.  Book your private showing now. (id:51158)
Homes for sale in Burlington

For sale $984,000

183 Grove Park Drive

Burlington, Ontario

4 Bedroom 2 Bathroom 900 sqft

Welcome to this delightful, raised bungalow in the mature neighbourhood of Aldershot. This home exudes a warm feeling right as you step onto the property. Enjoy the spacious living room with tons of natural light from the bow window. Step into the eat-in kitchen with views of the exquisite backyard. 3 bedrooms, including the large primary bedroom and bright 4-piece bathroom are down the hall making this a family friendly home. The basement features a large family room which can be used as a games room or second entertaining space. The laundry room and full bathroom are conveniently located in the same space. The private room down the hall can be used as a 4th bedroom, workout room or office space. The basement showcases an ample amount of storage space for all your families' needs as well as access to the garage. Let's not forget about the outdoor living at this home. With an abundance of trees lining all sides of the yard and no rear neighbours, this backyard is an exceptionally private space. Host pool parties and BBQs all Summer long while enjoying the tiki bar, deep lot and muted space. This backyard is the icing on top of a beautiful home! (id:51158)
Homes for sale in Burlington

For sale $1,199,000

368 East Side Crescent

Burlington, Ontario

3 Bedroom 2 Bathroom 1279 sqft

Beautifully maintained, move-in ready 4 level sidesplit in prime Lakeshore core neighbourhood with mature full lot! Steps to the lake, downtown, restaurants, shops, schools, library, YMCA and more! Hardwood floors including under most broadloom, entry level laundry room, lower level rec room with gas fireplace and fully fenced private yard. Single garage with inside entry and double drive with parking for 4 cars. Updated windows (most in 2023). 3 bedrooms and 1.5 bathrooms. (id:51158)
Homes for sale in Burlington

For sale $950,000

2076 Churchill Avenue

Burlington, Ontario

5 Bedroom 3 Bathroom 2179 sqft

It’s very rare to find a 5 Bedroom, 2.5 Bathroom, Two-Storey 2179 Sq Ft Detached House + Two Car Garage/Workshop on an expansive lot for under $1,000,000 in Burlington. With a backyard made for entertaining, there’s a Covered Patio with a Roll-up Window and Bar, Fire Pit/Smoker and Large Storage Shed. Situated on the quiet end of a crescent, there is minimal traffic and the freedom to entertain and enjoy music undisturbed. The entry into the Mudroom allows for coat and shoe storage and for simple transitions between indoor/outdoor living. A welcoming Family Room, Living Room and Large Dining room make family entertaining easy. The spacious Kitchen extends from the Mudroom and seamlessly connects to the Dining Room. The main floor also includes a Bedroom, and a 3-Pc Bathroom (updated 2019). Upstairs, find the generous Primary Bedroom with a 4-piece ensuite, along with Three Bedrooms, a substantial Storage Closet, and a 2-Pc Bathroom. Updates include windows in kids’ bedroom and corner bedroom (2014), chimney (2012), attic insulation (2013), concrete patio and walkways (2018), siding (2014), and roof (2012). (id:51158)
Homes for sale in Burlington

For sale $3,999,900

298 Strathcona Drive

Burlington, Ontario

5 Bedroom 5 Bathroom 4180 sqft

A masterpiece of modern luxury living! Located on a large lot in South Burlington this brand new custom home combines innovative design w/opulent comfort to create a truly extraordinary residence. European Photos inspired design. Entertainer's floor plan. Features include engineered oak flooring, heated flooring in all bathrooms & built-in audio speakers. Living rm w/84-bottle wine room. Family rm w/gas fireplace w/full-height porcelain slab surround. Gourmet kitchen w/chef-grade appls & hidden walk-in pantry! Showstopper floating staircase w/integrated lighting. Principal suite w/vaulted ceiling, spa-like ensuite, walk-in closet & private office. Finished LL w/nanny suite, glass enclosed exercise rm, rec rm, full-size bar & walk out to covered patio w/hot tub. Private rear yard w/outdoor kitchen & saltwater pool. Beyond the fixtures & finishes this home’s construction is truly superior. From dual furnaces & AC units to a heated garage. No detail has been overlooked! (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $864,900

1121 Cooke Boulevard Unit# 1

Burlington, Ontario

3 Bedroom 2 Bathroom 1620 sqft

Welcome to your new home in the highly sought-after Station West community in Aldershot! This modern end-unit townhouse is a commuter's dream, offering easy access to the GTA. Spread across three spacious storeys, this home features 3 bedrooms, 1.5 baths, and a stunning rooftop terrace with unobstructed views of lush green space. The open-concept main floor is perfect for both relaxing and entertaining, boasting a contemporary design that flows seamlessly from the living area to the kitchen. The third floor houses three generously sized bedrooms, providing ample space for your family or guests. Enjoy the best of urban convenience and serene natural beauty in this exceptional townhouse. Don't miss out on the opportunity to make this your new home! (id:51158)
Homes for sale in Burlington

For sale $1,980,000

2423 Raymore Drive

Burlington, Ontario

3 Bedroom 4 Bathroom 2110 sqft

Impressive BRAND NEW (2024) custom built Dalzotto home in Burlington's beautiful Central neighbourhood. Located on a quiet cul-de-sac, close to schools, GO Transit, Burlington Centre Mall and Burlington's vibrant downtown waterfront. Open concept main floor with a stunning custom kitchen by Barzotti Woodworking including quartz countertops and featuring LG stainless steel appliances. Gorgeous hardwood floors throughout main floor entryway, living room, kitchen and carried through to the upstairs hallway and into the bedrooms. 3 bedrooms with beautiful, coffered ceilings and each with their own walk-in closet and ensuite bathroom with heated floors! Dream laundry room on the bedroom level with stacked LG washer/dryer, stainless steel undermount sink and plenty of storage/counter space. All of the details have been taken care of! There is nothing to do but move in and make it your HOME! (id:51158)
Homes for sale in Burlington

For sale $1,189,000

289 Plains Road W Unit# 24

Burlington, Ontario

3 Bedroom 4 Bathroom 1976 sqft

Experience upscale living in this executive townhouse featuring 2+1 bedrooms and 3.5 baths. The eat-in kitchen, equipped with stainless steel appliances, large island, and granite countertops, makes cooking a pleasure. The main level features exquisite travertine stone and hardwood flooring and skylights illuminate the two-storey living room, where a cozy gas fireplace adds warmth and charm. The upper-level family room, open to below, provides a versatile space for relaxation or entertainment. Retreat to the primary suite, complete with a walk-in closet and an ensuite bath adding a luxurious touch. The fully finished lower level adds extra living space, making it an ideal guest suite. Enjoy the outdoors with a walkout to a large deck in a private backyard, perfect for gatherings or serene moments. Situated in a well-maintained, quiet, private complex, this townhouse is just steps away from the Royal Botanical Gardens, offering natural beauty and tranquility. Proximity to all amenities ensures convenience, making this an ideal home for those seeking both luxury and location. (id:51158)
Homes for sale in Burlington

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