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 SaleOPEN HOUSE$949,900

5160 Silvercreek Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1618 sqft

Beautiful freehold townhouse, well renovated & upgraded, located in a on of the best family oriented neighbourhood of Burlington which borders high end Oakville, easy access to public transit, EZ access to 407, 403, QEW, Walk to parks, community centre, highly rated public & catholic schools, shopping, restaurants, movie theatres, doctors, dentists and other retail businesses, well renovated, freshly painted, newStainless Steel appliances in the upgraded Kitchen, new rear deck, new sod in the fully fenced private back yard ready for the nice evening wine, or weekend barbecues, Perfect starter home or for downsizing, (This home is virtually staged). ** Full Legal Description : LOT 200, PLAN 20M671. S/T EASES H742281 OVER PTS 5, 6, 7 & 8, 20R12756 INFAVOUR OF LT 199, PL 20M671; S/T EASE H749579 OVER PTS 9, 10, 20R12756 IN FAVOUR OF LT 201, PL 20M671;S/T RIGHT H749579 UNTIL ACCEPTANCE OF SUBDIVISION BY THE CITY OF BURLINGTON. S (Subject to Easements) (id:51158)

For Sale$1,699,900

5129 Mount Nemo Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms2441 sqft

Discover this fabulous 4-level backsplit, a true gem nestled on a tranquil crescent in North Burlington. From the moment you step inside, you'll be greeted by a warm and cozy atmosphere, making this house feel like home. Boasting 4 spacious bedrooms, 3 bathrooms, and a bright, open-concept layout perfect for family living. Featuring a beautiful eat-in kitchen with a walk-in pantry, a family room with a cozy fireplace, and a primary bedroom retreat with a 4-piece ensuite and walk-in closet. The basement contains a recreation room, 4th bedroom, and a separate entrance to the backyard. This property is beautifully landscaped, with stunning natural stone walkways, lush gardens, and a wrap-around porch creating a serene outdoor space to unwind. A bonus 711sqft coach house located at the back of the property would be perfect for a home-based business, theater room, gym, or creative studio. The possibilities are endless! Updates include: 3-piece bathroom (2024), boiler (2024), lower level custom built-in closets (2024), fridge & microwave (2024), kitchen renovation (2022), stove (2022), new well pump (2022), new well tank (2022), new septic pump (2022). (id:51158)

For Sale$1,300,000

360 Guelph Line

Burlington, Ontario

4 Bedrooms2 Bathrooms1312 sqft

Well maintained house on a 60 foot lot. Separate side entrance to partially finished basement. Main transportation artery. Designated HIGH DENSITY RESIDENTIAL with a holding provision. Ideal buy and hold investiment opportunity in south central Burlington. (id:51158)

For Sale$350,000

100 Burloak Drive Unit# 2510

Burlington, Ontario

1 Bedrooms1 Bathrooms682 sqft

Welcome to Hearthstone By The Lake, where comfort meets convenience in a vibrant community. This 1-bed condo unit offers a blend of comfort, style, & endless amenities for those seeking an exceptional living experience. Step inside this bright & cheery unit, boasting tall ceilings with an airy atmosphere. Prefer independent living or desire to indulge in the array of services available? Hearthstone By The Lake has something for everyone. Immerse yourself in a world of possibilities, as you enjoy exclusive access to a range of exceptional facilities. Maintain an active and healthy lifestyle with the fully equipped gym, indoor pool, & a variety of exercise programs tailored to your needs. Unwind & socialize in the elegant dining room, where your club fee covers a credit towards delectable meals prepared by a talented culinary team. Experience peace of mind knowing that the 24/7 emergency nursing services are just a call away. The dedicated wellness center provides a holistic approach to your wellbeing, ensuring that you have access to the care & support you need. Convenience is key at Hearthstone By The Lake, you’ll have access to one underground parking space and a locker, ensuring that your belongings are secure and easily accessible. The club fee encompasses a range of additional services, including housekeeping, emergency call system, & access to a wealth of engaging activities. Embrace a maintenance-free lifestyle as you explore the numerous amenities & social opportunities available within a vibrant community. At Hearthstone By The Lake, your home will be more than just a place to live – it could be a sanctuary that offers comfort, convenience, and a sense of belonging. Discover the unparalleled luxury and convenience that awaits you in this exceptional condo within this vibrant community. Don't miss out on the chance to enjoy the abundant offerings of Hearthstone By The Lake. Schedule a viewing today and embark on a new chapter of relaxed and enriching living. (id:51158)

For Sale$1,899,000

2091 Canterbury Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms3085 sqft

Too many upgrades to list! Awe-worthy curb appeal with $230k+ in renovations, this dream home is on a quiet tree-lined street in prestigious Tyandaga. Exceptionally private with stunning golf course & pool views from every window! No detail spared! Highest quality, magazine worthy exterior reno featuring classic white brick paired with sleek black windows, blending elegance with modern flair. Pride of ownership throughout, meticulously cared for with great attention to detail. New roof, furnace & AC ensure peace of mind. Double garage w EV charger for modern convenience. Backyard oasis features a stunning pool, complete privacy, and direct access to Tyandaga Golf Course through a private gate. Outdoor living at its finest with deck, BBQ gas hookup, retractable awning, irrigation & cabana with electricity! Step inside to a welcoming front entrance & formal dining rm with crown molding, built-in cabinetry & pristine white kitchen with SS appliances. The kitchen overlooks the pool and opens to a cozy, elegant family rm with gas fireplace, bay window & built-in cabinetry. French doors lead you to the patio for easy indoor-outdoor living. Upstairs, the spacious primary suite offers a custom walk-in closet with wardrobe island and updated ensuite. The fully finished lower level incl a versatile office (potential 4th bedroom), large rec room & laundry rm with storage. A flexible layout! Stunning & endless potential to make each living space your own. Must be experienced in person! (id:51158)

For Sale$2,499,999

5127 Milburough Line

Burlington, Ontario

4 Bedrooms1 Bathrooms

North Burlington property with over 20 acres and 412 feet of frontage in an area of secluded estate homes. Complete privacy yet only a short drive to town. Currently used as horse farm. This property includes a spacious 3 bedroom house, a second modular home with separate heat and septic, and several outbuildings, including a barn, stable, and detached garage. Several paddocks and a half-mile training track make this acreage perfect for equestrians or the hobby farmer. Take advantage of the multiple revenue streams or build your dream home or private family compound! The east side of the property is forested with nature trails to explore, all adjacent to protected conservation area. (id:51158)

For Sale$744,900

2060 Lakeshore Road Unit# 403

Burlington, Ontario

1 Bedrooms2 Bathrooms583 sqft

Welcome home to a chic Gluckstein designed 1 bed,1.5 bathroom condo located in the luxurious Bridgewater Residences on Lakeshore Road. This unit features vinyl plank flooring, quartz countertops, Thermador appliances, in-suite laundry, 1 underground parking space and storage locker. State of the art amenities include gym, indoor pool, party room and rooftop terrace with BBQ areas. Close to go station, HWY and shopping. (id:51158)

For Sale$1,699,998

124 Lynn Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1462.41 sqft

A downsizer’s dream! Nestled on a private, secluded 134’ deep lot surrounded by lush trees, this exquisitely upgraded modern executive offers the perfect blend of luxury and comfort. The open concept main level, with soaring vaulted ceilings, is an entertainer’s delight. The contemporary kitchen features custom cabinetry, quartz countertops, stainless steel appliances, and a breakfast bar for three. It seamlessly flows into the dining area with deck access and the oversized living room, where you’ll find a built-in bar, striking barnboard feature wall, and cozy gas fireplace. The primary suite is a true retreat, complete with a stunning barnboard accent wall, a walk-in closet with custom built-ins, and a spa-inspired ensuite. The ensuite boasts a custom wood vanity with dual sinks, a glass shower, and black slate flooring–a true work of art. A spacious second bedroom with a 9’ ceiling, dual closets, and large transom windows flooding the room with natural light, along with a four-piece main bath featuring another custom wood vanity, complete the upper level. The professionally finished lower level, with a separate entrance and new broadloom, offers a massive recreation room with built-in cabinetry and a second gas fireplace, third bedroom, office, powder room, ample storage, and a bright laundry room with walk-up access to the back yard. Additional highlights include stunning front gardens, wide-plank hardwood floors on the main and upper levels, and elegant hardwood staircases with glass panels and stainless steel railings. The back yard is an outdoor oasis, showcasing an expansive deck, charming gazebo, and soothing hot tub. Spectacular perennial gardens, towering trees, and plenty of space for children and pets complete this picturesque setting. Located on a premium court just minutes from the lake and LaSalle Park, this home is ideal for retirees, families with older children, or those looking to downsize without compromising on luxury. Your perfect home awaits! (id:51158)

For Sale$519,999

5317 Upper Middle Road Unit# 331

Burlington, Ontario

2 Bedrooms1 Bathrooms709 sqft

Welcome To Unit 331 At 'The Haven' Condos, Situated In The Highly Desirable Orchard Community. Enter Through The Front Door To What Looks and Feels Like A Brand New Unit With Modern Updates To Flooring (Entirely Carpet-Free) And Lighting Throughout. With Over 700 Square Feet Of Efficiently Designed Space, This Unit Offers Not Only A Spacious Bedroom But Also A Rarely Offered Bedroom-Sized Den That Is Ideal For An Office-at-Home Set Up Or a Nursery For Young Families. It Is A True Breath of Fresh Air To Experience The High 9-Foot Ceilings, Light Colour Selections Throughout And Lovely Private Balcony. In-Suite Laundry and a Well Sized Locker Located on The Same Floor Adds Functional Convenience. The Building Features Underground Parking , Ample Visitor Parking, Well Maintained Common Areas And A Wonderful Roof Top Terrace With BBQs, Multiple Seating Areas And Even A Putting Green! Walking Distance To The Bronte Creek And Close To All Amenities With Easy Highway Access, This Unit Is A Must See! (id:51158)

For Sale$729,000

5070 Fairview Street Unit# 105

Burlington, Ontario

2 Bedrooms2 Bathrooms1281 sqft

Welcome to this spacious 2-bedroom, 2-bathroom ground-floor unit, offering approximately 1281 sq ft of comfortable living space. Enjoy the convenience of updated flooring, brand-new warranted stainless steel appliances, and brand-new privacy blinds throughout. The openconcept living area features a breakfast bar, perfect for entertaining guests. The primary bedroom boasts a walk-in closet and a private ensuite bathroom, providing a perfect retreat. Step outside to your secluded private balcony for a peaceful escape. With 2 parking spots included, this unit is close to Downtown Burlington, Highway 403, restaurants, entertainment, Burlington Hospital, and golf courses, offering a quiet yet conveniently located lifestyle. Don’t miss out! (id:51158)

For Sale$1,168,000

615 Cumberland Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms1200 sqft

Welcome to this lovely renovated 3+1 Bed, 3 Bath bungalow on a massive 65x140 foot lot in the sought after Dynes neighbourhood of South Burlington! This property has 2,400 Sqft of living area with a detached 2 car garage/workshop. It features a large sun filled kitchen and dining area, open and spacious living area with brand new pot lights/lighting, window blinds, flooring, ceiling & paint. Separate side entrance to newly renovated basement. Large open concept rec room and renovated 3 piece bathroom with glass shower. New flooring, freshly painted (Besides the laundry room) and finished 4th bedroom. Many upgrades throughout the home including a brand new customized kitchen, Hot Water Heater (2022)- Owned, Air Conditioner (2023) Washer & Dryer (2022) Dishwasher (2022). Steps from Burlington Mall, and very close to great schools, highways, and transit. Ready to move in! Book a showing today. (id:51158)

For Sale$649,990

457 Plains Road E Unit# 221

Burlington, Ontario

2 Bedrooms2 Bathrooms866 sqft

Welcome to unit 221 at 457 Plains Road East. A wonderfully maintained 2 bedroom, 2 bathroom condo in the highly desirable Aldershot neighbourhood of Burlington. As you enter the unit you will notice the open concept kitchen/living and den area. The kitchen has ample storage space for all of your cooking needs. The well appointed, primary bedroom features closet space and a stunning 4 piece ensuite. The second bedroom would be perfect for a child or can be used as a spacious home office. Condo fees include Crave, Cable TV, and Fibre Optic Internet from Bell. One locker and one parking space included. Close to several shops, schools, 403 highway access, downtown Burlington and other amenities. (id:51158)