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 $2,399,000

928 Glen Acres Court

Burlington, Ontario

3 Bedroom 3 Bathroom 2081 sqft

Impeccable modern build in prime South Aldershot location that will impress the most discerning buyer. The floor plan was built with your 'forever' right size in mind, offering incredible bedrooms on both the main and second floors. The primary bedroom upstairs has oversized windows overlooking the treed ravine from both bed and bath. The guest bed at the front of the home boasts a private hallway with a French door closet leading into the generous-sized bedroom with a 3-piece ensuite. The convenient main floor bedroom offers a feeling of privacy with a 3-piece bathroom in the private hallway. The main floor is suited to host, with a large dining room, open concept custom kitchen w/ high-end appliances, quartz countertop island and your main floor living room with gas f/p, transom windows and vaulted ceiling. A main floor office leads into the new 1.5 car garage. In the basement, you'll find a finished rec rm. and stylish laundry quarters with large windows throughout. The unfinished portion has been designed with a 4th bedroom in mind and roughed in for a three-piece bathroom. The lot is 60' at the street and widens out at the back with ultra private feeling on the ravine. The location is 5-star, directly across the street from the Burlington Golf and Country Club, within walking distance of coffee shops, restaurants, grocery stores, schools, and a short drive to major highways. Come and see what all the fuss is about before this one's 'off market'. (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 $1,324,900

656 King Road

Burlington, Ontario

4 Bedroom 3 Bathroom 1223 sqft

This South Aldershot beauty is move in ready and has been tastefully updated throughout. This 4 level back split offers 3+1 bedrooms, 3 bathrooms including a 4 piece principal bedroom ensuite and a separate entrance walk up. Over 2,100 square feet of finished living space making this an ideal family home. The open concept main floor features an updated kitchen with modern white shaker cabinets, quartz waterfall counters, stainless appliances, a gas stove, and built-ins making this home great for entertaining guests. The backyard is private and well treed ready to create family memories. Close to all amenities, dining, shopping, great schools, downtown Burlington Waterfront, and highways. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,647,900

3246 Sharp Road

Burlington, Ontario

4 Bedroom 3 Bathroom 2138 sqft

This property is an unprecedented blend of comfort, style, and convenience at 2,138 sqft of luxury living. A design lover's haven and entertainer's dream. Meticulously designed 4-bedroom, 3-bathroom home that's brimming with modern style, chic functionality, and premium amenities. Maple hardwood floors throughout, new windows (2024) and California shutters. State-of-the-art kitchen is outfitted with LG ThinkQ studio line appliances (2024), quartz countertops. Dining lounge area is equally impressive with built-in cabinetry and illuminated wine rack. Gas fireplace in living room. Laundry room is outfitted with new smart washer and dryer (2024), ample built-in storage and an additional fridge for extra convenience. Upstairs, the primary suite is a fashionista's dream with a custom walk-in closet and spa-like ensuite. Remaining spacious three bedrooms have custom storage and closets for optimal organization. Backyard is an award-winning outdoor living space that overlooks a lush ravine. Covered composite deck with built-in BBQ & bar fridge, gas fire pit and hot tub. Plus an outdoor dining area, TV, sound system, in-ground sprinkler system and a large storage space under the deck. Garage is a true sports lounge den complete with epoxy floor, TV, surround sound system, bar fridge, bar ledge and custom built-in storage cabinets. Unfinished basement with four large lookout windows and a cold cellar. Property near top-rated schools, parks, and major routes (Hwy 407, QEW, GO Train). (id:51158)
Homes for sale in Burlington

For sale $1,349,900

1286 Hammond Street

Burlington, Ontario

4 Bedroom 4 Bathroom 1885 sqft

Discover the perfect blend of comfort & convenience at 1286 Hammond St, a spacious 4-bedroom, 3.5-bath home in the heart of Downtown Burlington. Nestled in a desirable, family-friendly neighbourhood, this home offers a walkable lifestyle close to the lake, Mapleview Mall, & easy access to QEW/403 & 407. Enjoy an eat-in kitchen, hardwood floors, & a main-floor laundry room with side yard access. Relax in the upper-level family room with a wood-burning fireplace or retreat to the primary bedroom with a walk-in closet & ensuite. The private, tree-lined backyard is an entertainer's dream, featuring multiple decks, a concrete patio, a covered bar, and a gas line hookup for your BBQ. A finished basement with a bedroom, 3-piece bath, kitchen, & separate entrance adds potential for an in-law suite or rental income. Complete with a 2-car garage & backing onto green space, this home is a rare find for those seeking both tranquility & proximity to all Burlington has to offer. (id:51158)
Homes for sale in Burlington

For sale $1,649,900

829 Forest Glen Avenue

Burlington, Ontario

3 Bedroom 3 Bathroom 2196 sqft

This stunningly renovated mid-century modern home is situated in the prestigious North Shore area of Aldershot. Property has been remodeled top to bottom with premium features including high-end cabinetry and appliances, Concertina doors connect the interior of the home to an abundance of outdoor entertaining space & ravine views. Spacious entryway has hall closet and easy access to all 4 levels of the home. An office complete with laundry and guest/second master suite are located on this level. Beautifully finished open-concept living/dining/kitchen area complete with 2nd prep kitchen adorns the lower level and provides access to additional storage and a mechanical room. Built-in cabinetry, spacious seating area, gas-burning fireplace & views of the ravine make this space an entertainer's dream. Upper family room provides further space for hosting or relaxing and comes with pellet stove for those cold winter nights, original 70's disco ball and balcony area for unforgettable evenings. This level is finished with two well-sized bedrooms, both of which have access to the balcony that runs the entire length of the home and come complete with ensuite privileges, floor-to-ceiling closets & uninterrupted ravine views. Both the interior and exterior of the home have been expertly finished with remarkable craftsmanship and attention to detail. Freshly laid sod and landscaping completed this past spring. Architectural drawings for garage/master suite addition available. (id:51158)
Homes for sale in Burlington

For sale $1,399,000

2344 Woodward Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1348 sqft

Amazing 2 story home in a fantastic south Burlington location! This 3-bedroom, 1.5 bath home is approximately 1,350 square feet and sits on an oversized 50 ft x 150 ft lot! This home has been beautifully maintained / updated inside and out. The main floor of the home boasts plenty of natural light with hardwood flooring throughout. The spacious living room leads to a well sized dining room. The spacious kitchen features white cabinetry, quartz countertops, a white tile backsplash and is completely open to the family room! The main level also has a spacious powder room and a mud room with access to the backyard oasis! The second floor of the home features 3 bedrooms and a 4-piece bathroom. The unfinished lower level includes laundry and plenty of storage space! The exterior of the home features a beautiful backyard with mature landscaping, a wood deck and 2 large storage sheds! There is parking for six vehicles on the driveway and there are no rear neighbours! This home is located close to all amenities, the GO station, highways and downtown Burlington! (id:51158)
Homes for sale in Burlington

For sale $1,200,000

473 Blathwayte Lane

Burlington, Ontario

1 Bedroom 2 Bathroom 900 sqft

Location, Location! Downtown Burlington. No Condo Fees. Rare Freehold Loft Townhouse in Mint Condition. A pleasure to show! (id:51158)
Homes for sale in Burlington

For sale $699,900

638 Forestwood Crescent

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 $799,000

5475 Lakeshore Road Unit# 19

Burlington, Ontario

3 Bedroom 3 Bathroom 1833 sqft

Welcome home to tranquil lakeside living in Burlington’s Village by the Lake gated community! This beautifully updated 3-bedroom, 3-bathroom townhome offers modern conveniences, family-friendly amenities, and unmatched privacy. Situated at the back of the complex, this quiet and private unit offers a tranquil retreat for relaxed living with front views of beautiful trees and landscaping. Located across from Burloak Waterfront Park, home to the Burlington Food Truck Festival, VegFest, and Artwalk, enjoy lakefront trails and a short walk to South Shell Park beach. The unit is near the children's park, in one of the most private areas of the complex, perfect for family living. The complex features a heated saltwater pool, gym, party room, and sauna, with condo fees covering water, landscaping, snow removal, and common element maintenance. You'll love the direct access to underground parking with two large spaces right outside the basement door—no more shovelling snow or cooling the car in summer! Step inside to find a bright, modern, open-concept kitchen with a large peninsula, soft-close drawers and cupboards, and pot lights on the main floor. The primary bedroom features a complete ensuite. Additional highlights include a brand-new roof, a Nest thermostat, and newer LG Wi-Fi-enabled appliances, including a washing machine with a separate kickstand washer (do two loads at a time) and a fridge with an inside water tap (new water line in 2023). This home is truly move-in ready, offering the best of lakeside living in a secure and welcoming environment. Don’t miss out on this rare opportunity! (id:51158)
Homes for sale in Burlington

For sale $1,199,000

330 Duncombe Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1178 sqft

Nestled in sought-after southeast Burlington, this refreshed family home exudes charm. The living room features elegant California shutters, while the kitchen flows into a spacious dining area. The large main bath offers semi-ensuite access from the primary bedroom. The finished basement provides a cozy family room with a gas fireplace, a three-piece bath, and ample storage. Outside, a large driveway accommodates six cars, and a storage shed graces the rear yard. Ideal for first-time buyers, investors, builders, or renovation enthusiasts, this property offers versatility.Updates: New Eco-Efficient Heat Pump (2023), New Fridge (2024) and newer stainless-steel appliances round out the kitchen. New Fence (2023), Freshly painted exterior (2023)and interior (2024), New flooring throughout (2024) Refreshed landscape (2024), Freshly Sealed Driveway (2024) and New Shed Roof (2023). Seize the opportunity to make this fabulous home yours! (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

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