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 $5,565,000

5565 Guelph Line

Burlington, Ontario

6 Bedroom 6 Bathroom 3978 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)
Homes for sale in Burlington

For sale $449,900

1377 Lakeshore Road Unit# 306

Burlington, Ontario

1 Bedroom 1 Bathroom 780 sqft

You can’t beat the location of this bright and spacious, large 3rd floor, 1 bedroom unit at Lakeside Heights in downtown Burlington, directly across from Spencer Smith Park, literally steps to the lake, trails, and hospital, only a minute to the QEW, 403 and 407, and surrounded by just about every other amenity. Lakeside Heights is the premier co-op building in Burlington. This unit features 780sqft + a private 65sqft balcony, a kitchen with a pantry and lots of cupboard and countertop space, a dining area off of the kitchen, a large living room with lots of windows and a door to the balcony, a spacious primary bedroom with large window and a ceiling fan, a 4-piece bathroom, lots of closet/storage space in the unit, and tile flooring in the foyer, kitchen, and bathroom. The building has a great community feel, is very quiet, extremely well maintained, has a great condo committee, and a healthy reserve fund. The building also has an elevator, onsite laundry facility, and ample visitor parking. The monthly fee includes PROPERTY TAX, heat, water, cable tv, internet, storage locker, and exclusive parking space. Adults only. No rentals/leasing. No pets other than service animals. Update this unit to your liking and make it your own. Don’t wait and miss your opportunity to buy in this premier building, and to live directly across from the lake and Spencer Smith Park, and surrounded by just about every amenity. Welcome Home! (id:51158)
Homes for sale in Burlington

For sale $899,000

2230 Manchester Drive

Burlington, Ontario

4 Bedroom 2 Bathroom 1637 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)
Homes for sale in Burlington

For sale $5,565,000

5565 Guelph Line

Burlington, Ontario

6 Bedroom 6 Bathroom

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)
Homes for sale in Burlington

For sale $3,099,000

2231 Britannia Road

Burlington, Ontario

4 Bedroom 5 Bathroom

Beautiful 2.8 acre country estate nestled on top of the Niagara Escarpment in the quaint Village of Lowville. Fantastic curb appeal! This amazing property features a lovely updated 4 bedroom 5 bathroom home with a separate 1200sf attached area that would be ideal for a guest suite/entertainment area/inlaw suite & office. Great floor plan w/ a total of 4600sf of luxury living space featuring updated kitchen with high end Miele appliances, LED lighting, digital phone system, all exterior swinging doors have multi point security locks, CAT 5 wiring throughout, finished basement and a 3 car garage. Spectacular professional extensive landscaping featuring, inground Gunite salt water pool w/waterfall, beautiful gardens, majestic trees, full outdoor kitchen, B/I BBQ, covered gazebo, large deck, hot tub, back up natural gas generator, flagstone walkways, irrigation, and a large drive in shop/garage perfect for the car enthusiast/RV/or storing your toys. Only minutes to all the amenities. (id:51158)
Homes for sale in Burlington

For sale $3,099,000

2231 Britannia Road

Burlington, Ontario

4 Bedroom 5 Bathroom 3143 sqft

Beautiful 2.8 acre country estate nestled on top of the Niagara Escarpment in the quaint Village of Lowville. Fantastic curb appeal! This amazing property feature's a lovely updated 4 bedroom 5 bathroom home with a separate 1200 sqft attached area that would be ideal for a guest suite/entertainment area/inlaw suite and office. Great floor plan with a total of 4600 sqft of luxury living space featuring updated kitchen with high end Miele appliances, LED lighting, digital phone system, all exterior swinging doors have multi point security locks, CAT 5 wiring through out, finished basement and a 3 car garage. Spectacular professional extensive landscaping featuring, inground gunite salt water pool with water fall, beautiful gardens, majestic trees, full outdoor kitchen, built in BBQ, covered gazebo, large deck, hot tub, back up natural gas generator, flagstone walk ways, irrigation, and a large drive in shop/garage perfect for the car enthusiast/RV/or storing your toys. Only minutes to all the amenities of Burlington, 407, and QEW. (id:51158)
Homes for sale in Burlington

For sale $1,998,000

2317 Lakeshore Road

Burlington, Ontario

3 Bedroom 3 Bathroom 1957 sqft

This charming 2-storey all-brick home offers lake views and is conveniently located near downtown Burlington. This home has be views of Lake Ontario from almost every room. Featuring hardwood floors throughout, the main floor includes a living room, a formal dining room, and a galley-style kitchen with granite countertops and stainless steel appliances. The family room, complete with a gas fireplace, overlooks the lush and private backyard. A 2-piece powder room is also on the main floor. On the 2nd floor, you'll find 3 generous bedrooms and a 5-piece bathroom with a pedestal sink and soaker tub. The fully finished basement boasts ceramic floors throughout the recreation room, pot lighting, and a workshop that can easily be converted into a 4th bedroom. Additionally, the basement features a laundry area, a 4-piece bathroom, and direct access to the garage. Situated across from million-dollar homes, this residence offers easy access to the lake. It is close to downtown Burlington, shops, top restaurants, shopping malls, Spencer Smith Park, the Burlington Waterfront Trail, schools, and public transit, with easy highway access to the QEW and 403. (id:51158)
Homes for sale in Burlington

For sale $1,195,000

3333 New Street Unit# 83

Burlington, Ontario

3 Bedroom 3 Bathroom 1967 sqft

Stunning 1967 sq. ft Tiffany model with double car garage. Sought after Roseland Green. Prime S. Burlington close to the lake. Extraordinary remodeled open concept main floor with fabulous centre island. Incredible upper level Family Room with gas fireplace and vaulted ceiling. Spacious Primary Bedroom with walk-in closet. Beautifully updated bathrooms. Rich hardwoods on upper level. Freshly painted on main areas. Finished LL. Furnace/AC 2022. Walkout to private patio and treed setting. Close to everything including trails to the lake! A rare opportunity. (id:51158)
Homes for sale in Burlington

For sale $719,900

5080 Pinedale Avenue Unit# 809

Burlington, Ontario

2 Bedroom 2 Bathroom 1192 sqft

Discover comfort and convenience at Pinedale Estates! This spacious unit offers 1198 square feet of living space, featuring 2 bedrooms and 2 full washrooms. The kitchen is equipped with stainless steel fridge and stove, ample cabinet space, and a cozy eat-in area. Enjoy natural light flooding through floor-to-ceiling windows in the almost 23-foot living room and dining room, overlooking the north-facing balcony with beautiful escarpment views. Retreat to the large principal bedrooms, including a primary bedroom with a walk-in closet and 4-piece ensuite. The building amenities include a party room, BBQ area, indoor pool, whirlpool, sauna, billiard room, gym, library, and lots of visitor parking. Note, the condo fees cover Bell Fibe cable and internet, with only hydro to pay separately, everything else included. Conveniently located near Appleby Village shopping area and Fortino’s. 1 parking spot near entrance door. Experience effortless living at Pinedale Estate (id:51158)
Homes for sale in Burlington

For sale $679,999

895 Maple Avenue Unit# 605

Burlington, Ontario

2 Bedroom 2 Bathroom 1237 sqft

Welcome to The Brownstones in the Maple area, where modern convenience meets timeless charm! This open concept townhouse, ideally located across from Mapleview Mall, offers effortless access to highways, Go Train, public transit, and the vibrant heart of downtown Burlington. Step into a welcoming front entrance with a mirrored wall that enhances the sense of space. The main level features gleaming hardwood floors and a lovely eat-in kitchen with white cabinetry, wood block countertops, floating shelves, stainless steel appliances, and a pantry. The kitchen seamlessly opens to a bright living room with a gas fireplace and sliding door access to a newly renovated patio with privacy fences. The upper level boasts two spacious bedrooms and a well-appointed 4- piece bathroom. The fully finished basement, with a separate entrance, includes a 2-piece bathroom, laundry room, and a versatile recreation room/office space. Enjoy the convenience of a garage with inside entry and ample visitor parking. Additional highlights include a newer furnace & A/C. This home is a must-see! (id:51158)
Homes for sale in Burlington

For sale $995,000

2245 Shadetree Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1152 sqft

Welcome to this 3 Bed, 1.5 Bath Detached home situated in The Orchard one of Burlington's most desired neighborhoods. A family friendly, quiet street only a short distance to nearby highly recognized schools, as well as many amenities, and Bronte Creek Park. This bright and spacious home has gleaming hardwood floors throughout main floor. Enter foyer with stunning solid oak banister and staircase presents the upstairs with 3 generously sized bedrooms, including primary with walk-in closet fitted with built-in shelving. Open concept Eat-In Kitchen with walkout to a large deck; Gazebo included; offering lots of privacy with fully fenced backyard. Perfect for entertaining and summer Barbeques! The front yard is beautifully landscaped. This home is in excellent condition meticulously maintained by the owner. Newer Stainless Fridge and Stove (August 2024)! Newer Stainless Dishwasher and Kitchen countertop (September 2024). Don't wait. This one won't last long. Book your viewing today! (id:51158)
Homes for sale in Burlington

For sale $1,149,000

5250 Lakeshore Road Unit# 1504

Burlington, Ontario

3 Bedroom 2 Bathroom 1685 sqft

Don't miss your chance to own a one of a kind condo at Admiral's Walk! Book your showing today to experience luxury living by the lake! This remarkable property offers a rare opportunity to own the largest unit in the building, exquisitely renovated and ready for you to move in and enjoy. This turnkey home features unparalleled views of the lake from every room. This spacious 1685 sq ft unit includes three full bedrooms with extra-large closets, and two luxurious bathrooms. Step onto the private balcony, perfect for entertaining guests or unwinding in tranquility. Every aspect of this home has been meticulously upgraded in the last five years, ensuring modern comfort, convenience and style. Upgrades include electrical and plumbing systems and the addition of an in-suite ductless air conditioning system as well as in-suite laundry, both unique features for condos in this building. The kitchen is a chef's delight with loads of cupboards, double ovens, a cooktop, and a cafe fridge with a built-in coffee maker. The addition of the third bedroom provides an option to work from home. Residents of Admiral's Walk enjoy access to amenities such as an outdoor pool, BBQ areas, an exercise room, a games room, a party room, a workshop, saunas and more! The recently updated common areas enhance the building's overall appeal. This exclusive offering epitomizes lakeside living at its finest so don't let this opportunity slip away. (id:51158)
Homes for sale in Burlington

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