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 $1,949,000

2547 Armour Crescent

Burlington, Ontario

5 Bedroom 3 Bathroom 3625 sqft

Nestled in the highly sought-after Millcroft Community, this exquisite 4 bedroom home is a true gem, located on a serene family-friendly street. Boasting over 4000 sq ft of living space, this home offers both elegance and functionality in a coveted location. The heart of the home, a renovated eat-in kitchen, features stunning quartz counters, large kitchen island, steel appliances and a built in desk along with double pantry. The exceptional family room steals the show, boasting a 2-story vaulted ceiling, custom built-ins around the gas fireplace, and a breathtaking window that overlooks the pristine backyard, inviting abundant natural light. The 2nd level offers 4 spacious bedrooms, including a large primary bedroom with a 5-piece ensuite and a large walk-in closet. The finished basement offers a large rec room equipped with a built-in home theater and an office/5th bedroom. Step into the backyard oasis and discover an impeccable retreat, complete with an inground heated swimming pool, creating the perfect setting for relaxation. This tastefully updated home is located walking distance to schools, parks, miles of walking trails, Millcroft Golf Course, and all amenities. (id:51158)
Homes for sale in Burlington

For sale $1,199,000

622 Braemore Road

Burlington, Ontario

3 Bedroom 3 Bathroom 1200 sqft

Step Into This Impeccably Crafted Home Nestled In The Charming Community Of Roseland, Burlington. Delight In A Bespoke Kitchen Adorned With Exquisite Cambria Quartz Countertops And Sleek Samsung Black Stainless Steel Appliances, Accompanied By A Whirlpool Microwave For Added Convenience. Italian White Oak Hardwood Graces Both The Main And Upper Floors, While High-end Riobel Faucets And Fixtures Elevate Every Corner With Sophistication. Retreat To The Opulent Five-piece Ensuite Bathroom Featuring Luxurious Slate Flooring, While Ceramic Floors Adorn The Remaining Bathrooms. The Finished Basement Offers A Three-piece Bathroom, A Mudroom, Ample Storage Space In The Crawl Space, And A Large Walkout To The Backyard. Ideally Situated Mere Minutes From Lake Ontario, Surrounded By Lush Parks And Bustling Shopping Centres, This Home Seamlessly Combines Luxury, Functionality, And Storage Solutions For Your Utmost Comfort. Welcome To Your Dream Abode. (id:51158)
Homes for sale in Burlington

For sale $1,880,000

2285 Kilbride Street

Burlington, Ontario

5 Bedroom 4 Bathroom

Discover a nature-inspired modern oasis nestled in serene setting. This beautifully remodelled home seamlessly blends contemporary design with natural elements, creating perfect harmony of style and comfort. As you approach, you'll be greeted by a brand new driveway and modern land scaping. The home features 3+2 bedrooms, brand new doors and large picture windows throughout, modern kitchen boasting ample storage, elegant quartz countertops and brand new appliances. Luxury vinyl flooring throughout the home offers both durability and style, while 3.5 contemporary bathrooms provide connivence and luxury for the whole family. Prime corner lot in prestigious area. Minutes to schools, golf and trails. Your dream home awaits on this coveted double-frontage property. **** EXTRAS **** S/S Appliances, New Driveway, New HE doors & windows, Modern Kitchen w/ample storage, Quartz countertops, water softener & reverse osmosis system, Composite deck, Large covered patio w/stamped concrete, chicken coop, 2 laundry sets, Shed. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $2,199,000

1092 Havendale Boulevard

Burlington, Ontario

5 Bedroom 4 Bathroom 2716 sqft

Welcome to 1092 Havendale Blvd, an extraordinary home with over 4200 sq ft in total living space located in the coveted Tyandaga neighbourhood. This impressive 5-bedroom, 4-bathroom property offers a unique blend of luxury and privacy, backing onto the Tyandaga Golf Course and bordered by conservation land, ensuring you have only one neighbour. Situated on a generous lot of 162 x 70 ft, this home provides ample space both inside and out. As you step into the home, you’re greeted by a striking circular staircase with a skylight that fills the space with natural light. The large front entrance, adorned with elegant marble tiles, sets the tone for the sophisticated living experience this home offers. The heart of the home is the stunning kitchen, complete with a large island, perfect for both everyday living and entertaining. The family room stands out with its cathedral ceiling and charming exposed beams, creating a cozy yet grand space. You’ll also find a newly renovated 550 sq ft 3-car garage with extensive additional storage space below, offering plenty of room for all your needs. The spacious walk-out basement adds even more versatility to the home. Don’t miss your chance to own this remarkable property in one of Tyandaga’s most sought-after locations! (id:51158)
Homes for sale in Burlington

For sale $634,900

657 Francis Road Unit# 3

Burlington, Ontario

3 Bedroom 2 Bathroom 1318 sqft

A fantastic opportunity awaits first-time homebuyers or investors, with this 3-bedroom townhouse offering approx. 1,300 sq ft of living space. The spacious, open-concept layout includes 2 bathrooms and a finished basement. The private and quiet patio extends from the dining area. Just minutes from downtown Burlington, Mapleview Shopping Centre, restaurants, Hospital, and parks. Close to the lake, and providing easy access to highways, this home offers both convenience and comfort. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $899,000

1041 Shepherd's Drive

Burlington, Ontario

4 Bedroom 2 Bathroom 1100 sqft

Welcome to this fantastic opportunity in the highly sought-after Aldershot neighbourhood, ideal for first-time homebuyers and savvy investors alike. Set on a generous 60 x 130 ft lot, this charming bungalow features 3 + 1 bedrooms and 2 full bathrooms, offering ample space for growing families or rental potential. The property also boasts a separate entrance, perfect for creating a nanny suite or in-law accommodation. Enjoy the convenience of a large detached garage, plenty of driveway parking, and a deck overlooking a large private yard, complete with a gas line setup for your BBQ. With its prime location, versatile living options, and excellent amenities, this home is a remarkable find in a vibrant community. (id:51158)
Homes for sale in Burlington

For sale $499,000

1441 Walker's Line Unit# 110

Burlington, Ontario

1 Bedroom 1 Bathroom 640 sqft

Condo Living at its best! Beautiful one bedroom one bathroom ground floor condo with an underground parking space, storage locker and large patio! Spacious open concept floor plan with neutral vinyl flooring throughout. The kitchen features white cabinetry, newer stainless-steel appliances and is open to the dining and living rooms. Enjoy the spacious living room leading to the patio, while relaxing or entertaining family and friends! The spacious primary bedroom features ample closet space and bright windows. Laundry is located in-suite for convenience. Fantastic location- close to restaurants, shopping, highways and all amenities! (id:51158)
Homes for sale in Burlington

For sale $615,000

519 Timber Lane

Burlington, Ontario

3 Bedroom 2 Bathroom 1326 sqft

Welcome to Glenvic Mews, a uniquely family-friendly neighbourhood situated one block north of Lake Ontario in the highly-desirable community of South East Burlington. This lovely 3 bedroom townhome offers recently refinished gorgeous oak hardwood flooring in open concept living/dining room featuring pot lights, sliding door walk-out to yard, a convenient floor plan with bright galley kitchen, powder room on main, ample natural light throughout & a Spacious finished basement perfect for a family room, home office or gym & separate laundry/utility room. Enjoy a private enclosed patio via living room walk-out & the convenience of a nearby dedicated parking spot. Just steps away from Appleby Village for all your shopping needs, only a few minutes to the 403 & Appleby Go Train station, & Close to several parks & quality Schools - this townhome is located in the heart of Burlington's highly - sought after Pinedale neighbourhood & is ready for you to make it yours! (id:51158)
Homes for sale in Burlington

For sale $1,699,000

2182 Maplewood Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 2108 sqft

Welcome home to 2182 Maplewood Dr. nestled at the end of a quiet cul-de-sac in an incredible South Burlington location. Imagine the convenience of a 3 minute walk to school with the kids, a 6 minute walk to the GO Stn., coffee shops, Walmart & only a 10 min. walk to Downtown & the Lakefront. This one owner Gem has marvelous curb appeal w/new patterned concrete walkways, pie shaped lot, double garage & heated in-ground pool. From the moment “you are greeted by the solid multi-point Entry Door, expansive Foyer w/gorgeous curved staircase & warm wood floors, you know this has been a well Loved & Updated Family home. Main floor Family Room w/wood burning Fireplace opens to a bright E.-I. Kitchen w/Quartz counters, s/s Appl's & easy back yard access. Separate L.R. & D.R. for gatherings. Large main floor Laundry w/garage & side yard entry gives easy access to the 2pc Bath from the Pool. Upstairs 4 Bedrooms await, including a large Primary with w-i Closet & luxe 3pc Ensuite w/w-i shower. Recently completed lower level ('23) with 3pc Bath, can be tailored to your lifestyle, whether it be a Rec. Room, Home Gym, Office or kids' play area & features plenty of storage. The backyard is ready for entertaining or relaxing featuring a large tiered deck with lounging & dining areas, a heated kidney shaped pool & fully fenced, 128' wide yard, perfect for Family play time. Fabulous Updates: Kitchen, Baths, Lighting, Floors, HVAC, Pool Equip. & more! See the full list. Just move-in & enjoy!! (id:51158)
Homes for sale in Burlington

For sale $1,349,000

5350 Windermere Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1448 sqft

Stunning 3-level side split in sought after Elizabeth Gardens! This home features 3 bedrooms, 2 full baths, an open concept floor plan and a large backyard! This fully renovated home offer 1450 square feet of top-quality finishes plus a fully finished lower level with in-law potential! The main level has an open concept floorplan with engineered hardwood flooring, smooth ceilings and ample natural light throughout. The great room boasts vaulted ceilings, a fireplace feature wall and beautiful wood beam. The kitchen has a large island, quartz counters and stainless-steel appliances. The family room / sunroom overlooks and provides access the private backyard. The upper level has 3 bedrooms and a beautifully renovated 5-piece bath. The lower level of the home makes way to a bright rec room with a gas fireplace, 3-piece bathroom, a laundry room with kitchenette, a 2nd staircase to the exterior and plenty of storage space. The landscaped exterior has amazing curb appeal and boasts a private yard with a large custom shed, stone patio with hot tub, an oversized detached single car garage, a double wide driveway! This home is located close to all amenities- schools, parks and public transportation! (id:51158)
Homes for sale in Burlington

For sale $749,900

2087 Fairview Street Unit# 1304

Burlington, Ontario

2 Bedroom 2 Bathroom 840 sqft

Gorgeous sun-filled 2 Bed, 2 full bath corner suite with a Lake & Escarpment view located in midtown Burlington. This condo has fantastic South/ West exposure with two large balconies each with access from the living room, almost 250 sq ft. Enjoy the chef style kitchen with stainless steel appliances, granite counter tops and a kitchen that has an excellent amount of counter space with large island. The unit has been upgraded throughout with hickory hardwood flooring and baseboards, brick feature wall, and professionally painted. The layout is extremely functional with open concept living space that is great for entertaining. The bedrooms are laid out separately providing privacy and noise reduction. The bathroom features an oversized walk-in shower with added upgrade of towel warmer. Included is one single underground parking space (Level 2 #114) and one storage locker (Level 2, #71). This building is suited to the active commuter or first time home buyer as it provides access to an indoor swimming pool, hot tub, sauna, indoor/outdoor gym, 2 party rooms and a roof top lounge and deck. The condo is steps to the Burlington GO Station, transit, downtown Burlington, the lakefront, great schools, major highways, walking distance to shopping, restaurants, community centre, and banks. (id:51158)
Homes for sale in Burlington

For sale $1,349,000

5123 Cherryhill Crescent

Burlington, Ontario

4 Bedroom 2 Bathroom 1150 sqft

Spacious 4 level-split in sought-after Elizabeth Gardens on huge 140' deep ravine lot! Featuring a private backyard retreat with a double detached garage/shop with hydro and inground pool and hot tub. Inside you will find 2 full bathrooms, 3 bedrooms upstairs and room for more bedrooms in the lower levels. The recently updated custom kitchen has stainless steel appliances with gas stove, quartz counters and a built-in overhead microwave. The kitchen is opened up to the dining room, and the living room has a large, floor-to-ceiling bay window. Five steps down from the main level is a bright family room with built-in cabinets, a gas fireplace and optional walk-up (separate) entrance & full bathroom. The lower level has a large laundry room and provides even more space for additional bedrooms, and a games room or office. So much room inside & out for storage or toys! The large, private backyard is a hobbiest's paradise. A 28'x18' deck has a large gazebo and gas hookup for the bbq, and overlooks a large lawn and the 34'x15' inground pool with diving board and hot-tub. The pool has a newer gas heater and pump, a Polaris robot vacuum cleaner and a safety cover. The double wide drive continues into the 80' wide backyard for easy boat or RV parking and leads to the 22' x 21' heated double garage with automated door and 220v power. The garage is the perfect workshop or hobby-cave. Family-friendly and a close short walk to schools, grocery store, shops and bars. No rear neighbours. (id:51158)
Homes for sale in Burlington

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