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$619,000

4040 Upper Middle Road Unit# 310

Burlington, Ontario

2 Bedrooms2 Bathrooms973 sqft

An incredible opportunity for downsizers or first-time buyers in Burlington's desirable Tansley Woods! This beautifully updated 2-bed, 2-bath corner unit condo offers 9-ft ceilings, panoramic windows, and a huge 189 sq ft wrap-around balcony, perfect for enjoying stunning escarpment sunsets. Freshly painted with modern flooring, quartz countertops, and stainless steel appliances, this smart home features 3 custom closets, including a pantry, ensuite closet, and linen closet. Additional shelving has been added to the laundry room, both bedroom closets, and the foyer closet. Includes 1 parking space, a private locker, and is just 5 minutes to the QEW, 9 minutes to the Appleby GO Station, and steps from parks, shops, and trails. Don't miss the fantastic video tour! (id:51158)

For Sale$2,300,000

242 Belvenia Road

Burlington, Ontario

4 Bedrooms4 Bathrooms2943.21 sqft

Welcome to this stunning custom-built home, nestled in the heart of the prestigious Shoreacres and the highly rated Nelson & Tuck school community in South Burlington. With 4,500 square feet of thoughtfully designed living space, this home offers exceptional attention to detail and a prime location. As you enter from the circular driveway through the double doors, you'll be greeted by a grand foyer with a circular staircase, setting the tone for elegance throughout. The main floor features separate living, dining, and family rooms, each with 9 ceilings and a bathroom with shower. The spacious kitchen is a chefs dream, featuring a large island, ample cabinets, quartz countertops, built-in appliances, gas stove and a walkout that overlooks a serene and private yard surrounded by towering trees. The great room, with vaulted ceilings and a cozy wood fireplace, is the perfect space for family gatherings. The second floor offers 4 spacious bedrooms with walk-in closets and ensuites, while the basement features a fully equipped yoga/gym studio, a home theater, an office/flex room with ample storage, and a separate walk-up entrance. This picturesque property is located across from Paletta Lakefront Park and trails, providing beautiful views and easy access to nature. With renovations throughout, including updated bathrooms, paint, new carpeting, light fixtures, pot lights, and an EV charger point in the garage, this home is move-in ready. Don't miss this rare opportunity to own a luxurious and private retreat in one of Burlington's most sought-after neighborhoods! (id:51158)

For Sale$505,000

2010 Cleaver Avenue Unit# 103

Burlington, Ontario

2 Bedrooms1 Bathrooms639 sqft

Welcome home to this beautiful ground floor 1-bedroom plus den, 1-bathroom condo in the heart of Headon Forest! Offering 639 sq. feet of thoughtfully designed living space, this unit features an open-concept layout, living room with walk out to private balcony, perfect for unwinding. Stylish kitchen renovated in 2021 with quartz countertops and stainless steel appliances, and convenient in-suite laundry. The bright bedroom and updated bathroom add comfort and luxury to this space. Den has been converted into a dressing room, can be an office or bedroom. Unit comes with one underground parking spot and a locker, plus easy access to top-rated schools, parks, and amenities, this condo blends modern living with a peaceful neighborhood atmosphere! Don't miss your chance to call this home! (id:51158)

For Sale$1,550,000

978 North Shore Boulevard W

Burlington, Ontario

3 Bedrooms1 Bathrooms1278 sqft

Vintage charm meets modern potential - 3-Bedroom home in South Aldershot. This 1939-built 1.5-storey home is your ticket to South Aldershot's serene living. Offering 3 bedrooms and 1 bathroom, it's nestled on a peaceful, tree-lined street. Situated on a generous 50 x 128 foot lot with mature trees, just a stroll away from Lake Ontario and the Royal Botanical Garden, this property is a haven for nature enthusiasts. The 3 bedrooms offer versatility for a family or home office, and the vintage charm throughout invites cosy living. This home is your blank slate, ready to be your forever haven, or reimagined into a modern masterpiece that suits your taste. The spacious lot is a canvas for your outdoor vision, where the mature trees provide a canopy of tranquillity. Location is key, and this property has it all. Within a leisurely walk, you can explore the calming lakeside or immerse yourself in the natural wonders of the Royal Botanical Gardens. Burlington and Hamilton's amenities are at your fingertips, ensuring convenience and comfort with major transit connections, local and big-box shopping, and entertainment opportunities all nearby. Don't let this opportunity slip away. Whether you seek a comfortable family retreat or a renovation project, this home has the potential you're looking for. Schedule a showing, and unlock the charm and possibilities of this treasure. (id:51158)

For Sale$769,900

2025 Maria Street Unit# 704

Burlington, Ontario

1 Bedrooms2 Bathrooms731 sqft

Welcome to The Berkeley, one of Burlington’s finest downtown condo buildings; a luxury project by Carriage Gate Homes! Loaded with upgrades at time of construction in 2019, you will be amazed at what this 1 Bedroom, 2 Bath unit has to offer! Ten-foot Ceilings; Wide plank Floors, with larger wood Trim; Upgraded Kitchen Cabinets, with extended height uppers & Crown Moulding; Stainless Steel GE Appliances, including upgrade Canopy Hood Fan; Island with Waterfall Quartz Countertop; Marble tile Backsplash; Built-in Kitchen wall unit with double Pantries and Quartz Countertop; Pot lighting throughout the living space; Custom Blinds; in unit laundry; owned parking spot and storage locker! Enjoy breathtaking views of Lake Ontario from your spacious (175 sqft) terrace! But there’s more! The Berkeley offers exceptional amenities including the hotel-inspired lobby, attentive concierge service and 24 hr security, party and games rooms, a rooftop patio with BBQs and lake views, secure bike storage, and a fully equipped gym. This one won’t last! (id:51158)

For Sale$524,999

2081 Fairview Street Unit# 1204

Burlington, Ontario

1 Bedrooms1 Bathrooms556 sqft

Gorgeous modern chic condo with spectacular views of the Escarpment and Lake Ontario. This condo showcases a modern interior flooded with natural light and countless upgrades. Stunning and functional chef-style kitchen with quartz counters, shaker style cabinetry and island with bar seating. Bright and spacious living area gives access to the enormous balcony with breathtaking open panoramic views! Sun filled primary bedroom. This unit also includes 1 owned underground parking (property management has additional underground parking spots for rent), 1 locker and in suite laundry. Geothermal building means heating and cooling as well as water are included in the condo fees. Great location - walk to restaurants, Mapleview Mall, Wal Mart, quick access to QEW and more. Fantastic resort-style amenities including 24hr concierge, indoor pool & hot tub, gym, indoor basketball court, rooftop deck, guest suites, outdoor children activity area, BBQs, direct access to Brant GO station. Within minutes to downtown trendy shops and enjoy the summer festivities at Spencer Smith Lakefront Park. (id:51158)

For Sale$379,900

100 Burloak Drive Unit# 1208

Burlington, Ontario

2 Bedrooms1 Bathrooms795 sqft

Retire in style at Hearthstone by the Lake. This complex offers a multitude of amenities designed to enrich your retirement at a reasonable price. One bedroom and den, one bathroom. Enjoy the dining room, library, lounge (with happy hour!), card room, wellness centre, the list goes on. Stroll the manicured gardens, swim in the pool or curl up in front of the fireplace in the library with a good book. This facility offers emergency nursing, handyman services, a concierge, etc. Each unit has a full kitchen, laundry, one underground parking spot and a locker. Residents pay condo fees plus club fees. (id:51158)

For Sale$1,219,000

2025 Maria Street Unit# 1508

Burlington, Ontario

2 Bedrooms2 Bathrooms1153 sqft

Luxurious living at the boutique Berkley Condominium where turnkey elegance meets a vibrant urban lifestyle! This meticulously curated 2-bed, 2-bath “Monterey” model is a prime corner unit, offering breathtaking northwestern views and abundant natural light through stunning floor-to-ceiling glass windows. Enjoy exceptional amenities, including 24-hour concierge service, stylish guest suites, and a fully equipped gym. The party and billiards room provide a perfect backdrop for gatherings, while the rooftop terrace with BBQs is ideal for entertaining. Step into your inviting foyer, featuring 9-foot ceilings and neutral decor that creates a warm ambiance. The stunning Barzotti kitchen is a chef’s dream, boasting an 8.5-foot extended island with a bfast/bar, sleek quartz, GE Signature Series SS appliances, and mood-enhancing under-mount lighting. The spacious living/dining area showcases engineered wide plank hardwoods and upgraded lighting, with motorized blinds for added privacy and style. The primary bedroom offers tranquil west-facing views, a generous walk-in closet, and a luxurious ensuite bathroom. The second bedroom accommodates a queen bed and features its own walk-in closet with custom storage. Enjoy summer evenings on your expansive wrap-around terrace, perfect for al fresco dining. This hotel-inspired condo with side-by-side 2-CAR parking on P1, is conveniently located outside the elevators. Embrace the lakeside lifestyle and experience unparalleled luxury! (id:51158)

For Sale$1,479,000

3247 Steeplechase Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2618 sqft

Welcome home to 3247 Steeplechase in sought-after Alton Village! This 4-bedroom (3 +1), 2.5 bath, executive home features over 2400 sq. ft. of finished living space and sits on a large approx 43ft x 95ft corner lot. Walking distance to top-rated schools, parks, shopping amenities, transit, and major commuting routes. The main floor features a direct entrance from the attached double garage, a side entrance from the lovely covered porch, a formal dining room featuring hardwood floors, bright natural light, a vaulted ceiling seating area, 2-PC powder room, a stylish living room with a gas fireplace, and an updated eat-in kitchen (2023) complete with granite countertops plenty of storage and direct access to the oversized and rare backyard featuring a new deck/pergola (2020) perfect for morning coffee and family BBQs. Upstairs, you will find a sizeable primary suite with 2 walk-in closets, complete with a gorgeous ensuite with a soaker tub and updated vanities/backsplash and shower enclosure (2023), 2 additional bedrooms, laundry, and a reading nook/office perfect for school/remote work. The 738 sq. ft. fully finished lower level features an additional bedroom, rec room, workshop, and bathroom rough-in. Other recent updates include exterior pot lights (2021), blown-in insulation (2021), driveway (2021), roof (2022). 2 garage + 2 driveway parking. Do not miss out, book your showing today! (id:51158)

For Sale$2,280,000

5502 Eaton Avenue

Burlington, Ontario

4 Bedrooms5 Bathrooms3618 sqft

Luxurious Living in Prestigious ELIZABETH GARDENS. ONE of a kind 2 Storey Farmhouse offers 3+1 Brms 2618 sq/ft of Exquisite Living Space. Engineered hdwd floors + LED lighting throughout open riser staircase, heated flooring in bathrooms, gourmet kitchen open concept quarts breakfast island and counters GE Cafe appls. Home office with built-ins, upper lvl Boast 2 spacious brms all w/ensuites spacious laundry. Finished lower lvl w/recroom, gym, 4th bedrm and Storage Rom & 4 pce Bath. Main lvl covered sunroom w/FP Stone floor, overlooks inground pool oasis w/sep Htub exterior landscape lighting, private fully fenced yard A Must View. (id:51158)

For Sale$1,399,000

428 Henderson Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1463 sqft

Welcome To The Highly Sought After Shoreacres Area In South-East Burlington. This 3 bedroom 2 bathroom Home Has Plenty To Offer. Attend Nelson Highschool which is the first ranking in Burlington. Close by with lot of amenities such as Fortinos/Banks/restaurants .Close to QEW, Not too far to 407. Spectacular Family Room Addition With Cathedral Ceiling. Large &Deep Lot 62*190. Lots of updates! Turn key property or rebuilt your dream home. (id:51158)

For Sale$1,449,000

2114 Caroline Street

Burlington, Ontario

5 Bedrooms2 Bathrooms1640 sqft

Large 2 1/2 storey, all brick, 5 bedroom home. 9' ceilings on the main level and a high basement for the age and style of the house. The proximity to the downtown amenities and waterfront make it an ideal location. (id:51158)