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 $699,900

638 Forestwood Crescent Unit# 27

Burlington, Ontario

3 Bedroom 2 Bathroom 1186 sqft

Welcome to 638 Forestwood Crescent! Here is the opportunity you have been looking for! Priced to sell and ready for you to add your finishing touches! This home features a beautiful private backyard, 3 spacious bedrooms and a finished basement. This unit is tucked in from the rest of the units, providing you with a totally secluded front porch and private backyard with patio surrounded by luscious mature trees. The eat in kitchen features strip hardwood flooring, a breakfast island and a large pantry! The living and dining area offer large windows overlooking the back, a walk out to the patio and beautiful laminate flooring (looks like scraped walnut!) The basement is finished as an open room with storage under the stairs and a good sized laundry room with almost new washer/dryer and laundry sink. The home has so much potential! Move in and enjoy, or buy and renovate~this one is a great investment! Very well run complex with low fees! (windows, roof, doors and water are covered) (id:51158)
Homes for sale in Burlington

For sale $1,298,000

5417 Sheldon Park Drive

Burlington, Ontario

3 Bedroom 3 Bathroom 1864 sqft

South Burlington 3 bedroom, 3 bath, 2 car garage, family home on a wooded ravine lot. The original owners have maintained this property at a very high level and now its ready for a new family. Great curb appeal leads to a generous entrance way, 1/2 bath and a kitchen-breakfast area & formal dining room perfect for entertaining or large family gatherings. You have the option to lounge in the living room, or you can cozy up by the beautiful brick fireplace in the family room. Heading upstairs, your primary bedroom is very bright & oversized and you can enjoy the convenience of an en-suite washroom and two large closets! You have two more generously sized bedrooms and a large 4 piece bathroom to complete the second level of this home. The full basement is ready for updating, add a bedroom, bath and rec-room living spaces. The highlight of this home .... stepping outside, to your private ravine lot sanctuary, with the utmost peace and quiet. Make use of the large wrap around deck for entertaining or time with the family. This amazing family home is close to great schools, public transit, parks and more. Homes in this neighbourhood are seldom available and don't stay on the market very long. Call today. (id:51158)
Homes for sale in Burlington

For sale $1,599,900

787 Shadeland Avenue

Burlington, Ontario

4 Bedroom 2 Bathroom 1476 sqft

This spectacular 3+1 bedroom, 2 bath bungalow couldn’t be in a better location, situated on a premium street in Aldershot, with a professionally landscaped yard featuring in-ground lighting, stone steps leading you to an amazing ravine lot, and a sprinkler system, creating a serene sanctuary. With RBG and Lasalle Park within walking distance, easy highway access, and only a 5-minute drive to the GO Station, convenience is at your doorstep. The home boasts bright, spacious rooms with beautiful engineered hardwood floors throughout the main level, and the open concept living area with a gas fireplace is perfect for entertaining. The gorgeous, updated kitchen includes quartz countertops, stainless steel appliances, a gas stove, built-in microwave, and wine cooler. For added convenience, there is a main floor laundry with inside entry to the garage. The beautifully finished basement offers an oversized rec room with pot lights, a cozy fireplace, a fourth bedroom, and a bonus room/office with a walkout to the yard. This home is a perfect combination of style and function, close to all amenities. (id:51158)
Homes for sale in Burlington

For sale $515,000

1800 Walkers Line, Unit #310

Burlington, Ontario

1 Bedroom 1 Bathroom 643 sqft

Welcome home to the Woodbridge Condos! This delightful, open concept, 1 bedroom, 1 bathroom condo is situated in a well established, beautifully maintained building, offering both comfort and convenience. This bright and spacious unit is well appointed with an airy bedroom complete with loads of natural light and ample closet space, a bright open kitchen with plenty of cupboard space, breakfast bar, dining area, in-suite laundry, a modern 4pc bathroom, and a spacious living room with walk-out to your balcony, perfect for enjoying your morning coffee! Amenities include: Exercise room, party room, sauna, car wash, and visitor parking. Unit includes your private parking space and enclosed locker. Located in the vibrant Palmer area of Burlington, you will find everything you need just steps away from shopping and dining to entertainment. For commuters, you have quick access to highways and public transit is readily available. This is the perfect blend of urban living and accessibility - ideal for anyone seeking a dynamic yet comfortable lifestyle. Don't miss the chance to make this condo your own. (id:51158)
Homes for sale in Burlington

For sale $1,299,900

299 Merle Avenue

Burlington, Ontario

4 Bedroom 2 Bathroom 1516 sqft

Nestled in the tranquil Birdland community, this delightful home on a 58 x 129 ft lot boasts 4 bedrooms, with 2 situated on the main floor and 2 upstairs. Each level is equipped with a full bath for added convenience. The unique layout of the main floor bedrooms makes this home perfect for empty nesters or first time buyers, offering the potential for a main floor office and a guest room. The spacious living room and dining area are adorned with a wood-burning fireplace, creating a cozy atmosphere. The kitchen has been updated with granite counters, a double undermount sink, and wood cabinetry. Accessible from the kitchen, a newly constructed deck provides a perfect spot for enjoying the serene view of the expansive private fenced backyard. The property has undergone multiple updates, including the roof (‘17), AC (‘21), newer furnace, many updated windows, recently refinished hardwood floors, as well as fresh interior paint on all levels, exterior waterproofing, and updated interior lighting, all completed in 2024. The generously-sized driveway can accommodate ample parking, and guests are greeted by a curved walkway leading to the front entry. Located in the prestigious South Aldershot neighbourhood, residents can enjoy easy access to shops and restaurants, waterfront trails, the picturesque Royal Botanical Gardens, the renowned Burlington Golf & Country Club, as well as the peaceful LaSalle Park with its scenic walking trails through the woods along the lake and the marina. (id:51158)
Homes for sale in Burlington

For sale $1,099,900

4207 Sutherland Crescent

Burlington, Ontario

4 Bedroom 2 Bathroom 1787 sqft

Discover your forever home in one of Burlington's most coveted neighbourhoods. Nestled on a ravine lot on a quiet street surrounded by mature trees, 4207 Sutherland Cres offers an unparalleled living experience that combines comfort, convenience, and natural beauty. The main floor offers an inviting L-shaped living/dining area, perfect for family gatherings and entertaining. The gourmet kitchen features an eat-in area, imported Turkish Travertine tile, and heated floors. Enjoy a restful retreat with 3 generously sized bedrooms and a luxurious bathroom with ensuite privileges. Descend to the lower level and discover a cozy retreat that's ideal for relaxation. Solid wood beams and hand-chiseled bricks create a cozy atmosphere to curl up next to the gas fireplace. Venture through the brick archway to a versatile space of an additional bedroom or office, and your own personal sauna. But its the backyard that sets this home apart from the rest. Your own personal piece of paradise. Backing onto Shoreacres Creek allowing for a secluded retreat, you can relax on your oversized composite deck, built with brick pillars and steel beam construction, and you can rest easy knowing this home is equipped for comfort and efficiency with all owned equipment and a metal roof installed in 2014. Situated in an unbeatable locale, enjoy the easy walks to Pauline Johnson Elementary, Nelson High School, Appleby Tennis Courts, Nelson Splash Pad and more. This spectacular home is more than just a property. It's a canvas for your family's future. Whether you choose to enjoy its timeless charm as-is or add your personal touch, 4207 Sutherland Cres is poised to be the backdrop for your most cherished memories. Don't let this once-in-a-lifetime opportunity slip away. Schedule your private viewing today and take the first step towards making this house your home. (id:51158)
Homes for sale in Burlington

For sale $928,000

1048 Plains View Avenue

Burlington, Ontario

4 Bedroom 3 Bathroom 2393 sqft

This beautifully updated 4-bedroom, 3-bathroom home is the perfect blend of style and comfort. The gourmet kitchen features elegant Caesar stone countertops, while the bathrooms boast granite and marble finishes, with programmable in-floor heating in the en suite for added luxury. The primary suite also includes a spacious walk-in closet. The partially finished basement offers a versatile rec room with wired in-wall speakers, plus ample storage space. Outdoors, enjoy a landscaped front and back yard, a 150 sq ft deck with a natural gas BBQ hookup, and an 8x10 storage shed. Additional features include maple hardwood flooring throughout, carpeted lower stairs in the basement, pot lights on dimmer switches, exterior soffit and dormer lighting, keyless entry, and extra storage under each set of stairs. The driveway was paved in 2022, and the home is equipped with a whole-house humidifier, as well as a new furnace, hot water heater (rental), and AC installed in 2015. This home combines modern amenities with thoughtful design, offering everything you need for comfortable living. (id:51158)
Homes for sale in Burlington

For sale $949,900

5647 Stella Lane

Burlington, Ontario

3 Bedroom 3 Bathroom 1559 sqft

Welcome home to 5647 Stella Lane, a refined three bedroom freehold townhome located at the border of Oakville/Burlington, and within walking distance to schools, shopping amenities, and the lake. The home boasts a thoughtfully designed floorplan, large principal rooms and a tasteful aesthetic. The main level features an enclosed porch, a spacious living room with lots of natural light, updated kitchen with breakfast bar, and a separate dining area that walks out to your fenced-in and private backyard. The upper level offers a large primary bedroom with a walk-in closet and 4-piece ensuite, two additional bedrooms and an extra 4-piece bathroom. The finished lower level provides additional living space, and the option of an extra bedroom or office to suit your needs. Separate laundry and storage rooms provide added convenience and complete the lower level. This home has been lovingly maintained and cared for by its current owners, and is ready and waiting for its next family to call it home. (id:51158)
Homes for sale in Burlington

For sale $2,799,000

2501 #1 Side Road

Burlington, Ontario

4 Bedroom 4 Bathroom

Nestled on 1.66 acres of privacy, this charming property offers the tranquility of rural living with easy access to all essential amenities. Discover a spacious 4 bedroom, 1 storey home boasting approx 4,700 sqft of finished living space, accessible via a secluded 400ft paved driveway. Dbl car attached garage & a separate oversized detached garage. Thoughtfully upgraded & meticulously maintained, each room offers breathtaking views of the scenic landscaped grounds. The main flr features formal living & dining areas, a cozy separate family rm overlooking the pond & a modern kitchen with an eat-in area with complete privacy. Unwind in the spacious primary suite with a private patio or accommodate guests in the main flr study with an ensuite bathrm. Upstairs, find two well-sized bedrms, a main bathrm, and a versatile, unspoiled hobby room, additional study or a 5th bedrm. The lower lvl offers a recreation room, games room, along with a workshop and ample storage space. Benefit from geo-thermal heating and cooling, ensuring cost-effective comfort year-round. Enjoy the convenience of a driveway that can hold numerous cars, a large dble garage and a separate oversized single garage for all your toys and tools. Relax on a patio or simply enjoy the pond setting where this peaceful sanctuary allows you to unwind, destress and connect with nature. 2501 #1 Side Rd is more than just a place to live, it's a lifestyle in itself. Experience all the features this country home has to offer. (id:51158)
Homes for sale in Burlington

For sale $2,799,000

2501 #1 Side Road

Burlington, Ontario

4 Bedroom 4 Bathroom 3817 sqft

Nestled on 1.66 acres of privacy, this charming property offers the tranquility of rural living with easy access to all essential amenities. Discover a spacious 4 bedroom, 1½ storey home boasting approx 4,700 sqft of finished living space, accessible via a secluded 400ft paved driveway. Dbl car attached garage & a separate oversized detached garage. Thoughtfully upgraded & meticulously maintained, each room offers breathtaking views of the scenic landscaped grounds. The main flr features formal living & dining areas, a cozy separate family rm overlooking the pond & a modern kitchen with an eat-in area with complete privacy. Unwind in the spacious primary suite with a private patio or accommodate guests in the main flr study with an ensuite bathrm. Upstairs, find two well-sized bedrms, a main bathrm, and a versatile, unspoiled hobby room, additional study or a 5th bedrm. The lower lvl offers a recreation room, games room, along with a workshop and ample storage space. Benefit from geo-thermal heating and cooling, ensuring cost-effective comfort year-round. Enjoy the convenience of a driveway that can hold numerous cars, a large dble garage and a separate oversized single garage for all your toys and tools. Relax on a patio or simply enjoy the pond setting where this peaceful sanctuary allows you to unwind, destress and connect with nature. 2501 #1 Side Rd is more than just a place to live, it's a lifestyle in itself. Experience all the features this country home has to offer. (id:51158)
Homes for sale in Burlington

For sale $1,299,000

239 Simon Drive

Burlington, Ontario

4 Bedroom 2 Bathroom 1123 sqft

Great investment Opportunity in Roseland on quiet street. Renovate or Build 61ft x 119 ft private lot featuring a 3+1 bedroom raised bungalow, with 1790 square feet of finished living space. Lower level with walk out to garage. Private yard with in-ground vinyl pool (16ftx32ft). This property offers many possibilities. Sold as is, with no warranities. Fantastic location, one block from the lake, Tuck school, parks, and more. Rare opportunity to own in Roseland at this price. (id:51158)
Homes for sale in Burlington

For sale $1,349,000

2389 Lakeshore Road

Burlington, Ontario

3 Bedroom 2 Bathroom 1588 sqft

Opportunity to build or renovate your dream home in one of South Burlington's most desirable neighbourhoods. This spacious 66 x 132 foot lot is nestled in a quiet, tree-line, family-friendly community. Just minutes from great schools, parks, shopping & restaurants, this lot provides easy access to all the amenities that make South Burlington a great place to live. Enjoy the convenience of being close to downtown, Spencer Smith Park & the Waterfront Trail. The home consists of 2 units: the main floor offers 2 bedrooms, 1 bathroom, living room, dining room, and kitchen. Second floor suite offers 1 bedroom 1 bath and spacious living room and kitchen. Enjoy a view of the lake from the front porch, just steps away from Lake Ontario. (id:51158)
Homes for sale in Burlington

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