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$975,000

3333 New Street Unit# 78

Burlington, Ontario

3 Bedrooms3 Bathrooms1599 sqft

Fabulous open concept 3 bedroom, 2.5 bath, 1599 sq. ft Saphir model in beautiful Roseland Green. Ideally situated close to Lake Ontario, trails, stores, transit and all amenities. The main level boasts a large foyer, Powder Room, inside garage entry and a stunning Kitchen (2022) with newer appliances (refrigerator, stove, dishwasher 2019 and microwave 2022). Hardwood floors, gas fireplace, bay window, Hunter Douglas Silhouette blinds and walkout to large patio. The spacious Primary Bedroom has a lovely 4 piece bath and walk-in closet. The second bedroom also has a walk-in closet. The lower level foyer is handy for office use. Gas bbq hook-up. Dryer 2022. Windows 2024. Painted 2023. Lushly landscaped with beautiful perennial gardens. Move in and enjoy the luxurious appointments. (id:51158)

For Sale$748,000

5260 Dundas Street Unit# C202

Burlington, Ontario

2 Bedrooms2 Bathrooms1281 sqft

Welcome to 5260 Dundas Street, Unit 202! This incredible Two-Bedroom, two Full-Bathroom condo includes One Parking and One Locker, nestled in the desirable Orchard neighbourhood.This stylish, upgraded two-story loft condo has so much to offer:Modern Open-Concept Kitchen: Featuring Quartz countertops, a Glass tile backsplash, upgraded Stainless Steel Appliances, a floor-to-ceiling pantry with ample storage, and a Central Island with an Eat-in area.Main Floor Bedroom: Features a large floor-to-ceiling window overlooking the terrace and park, bringing in natural light and serene views.Living Room: Boasts a stunning 20-foot high ceiling and a walkout to the terrace, perfect for enjoying the outdoor breeze.Upgraded Glass Staircase: Leads to the Second floor, where you'll find an spacious primary bedroom with a beautifully Upgraded Ensuite bathroom, a cozy reading nook, and a walkout to the private patio. The second floor also includes a convenient laundry area with upgraded washer and dryer, plus a walk-in closet for extra storage..Large windows throughout the unit provide abundant natural light, and the condo overlooks outdoor green space, offering plenty of privacy.The location is unbeatable just steps away from parks, trails, shopping, and restaurants, with easy access to highways and schools. Whether youre exploring the vibrant neighbourhood or unwinding at home, this space truly has it all.Dont miss your chance to make this stunning condo your new home. Book your private showing today! FRIDGE, STOVE, WASHER, DRYER, B/I DISHWASHER, All ELFS and All Windows Coverings (id:51158)

For Sale$949,000

3333 New Street Unit# 110

Burlington, Ontario

3 Bedrooms3 Bathrooms1265 sqft

Roseland Green executive living at its finest! Welcome home to unit 110 a truly stunning UPDATED executive townhouse WITH FINISHED BASEMENT located in a well established South Burlington highly desirable neighborhood with landscaped gardens and large mature trees! One of Burlingtons finest townhouse communities with access to walking trails, walking distance to schools. shops and transit. Hardwood floors enhance the first floor of this unit with a gorgeous kitchen boasting newer appliances and quartz counters. The cozy gas fireplace adds a moodiness to the room, with freshly painted walls, and a walk out to your private deck. Second level bedrooms are all generous sizes with updated bathrooms. The lower level offers a great nook for a personal home office, alongside a finished recreation room with laminate flooring and a quaint little laundry room. This home is truly turn key with its high end finishes throughout, steps to the lake and a short travel to downtown. Move in, relax, and enjoy all South Burlington has to offer! (id:51158)

For Sale$639,900

100 Burloak Drive Unit# 1214

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Enjoy condo living by the lake in this 2-bedroom, 2-bathroom 2nd floor apartment with laundry, that offers stunning lake views from your balcony. Watch the sunrise with a coffee or tea from your bedrooms, or balcony or if youre feeling inclined take a quick stroll to the park. The spacious primary bedroom features an en-suite bathroom and 2 closets, while the second bedroom is perfect for guests or a home office. 1 car parking and locker included. Make new friends at the indoor pool & fitness center, library with pool table, card games room or at the onsite restaurant. Weekly trips to the grocery store and or doctor are available. Nurse on site. Fees include, 2 hrs of monthly house cleaning as well as $250 credit at the restaurant. (id:51158)

For Sale$4,499,900

2642 Bluffs Way

Burlington, Ontario

5 Bedrooms6 Bathrooms6711 sqft

Located in the prestigious enclave of The Bluffs, this custom-built luxury home features 4+1 bedrooms, 6 bathrooms and over 6,200 sq. ft. of thoughtfully designed living space. Set on approximately 2 acres and backing onto a serene, protected forest, this property offers an idyllic private retreat. The home boasts a fully finished basement and an oversized triple-car garage, providing exceptional space for vehicles and storage. Recently renovated throughout, this exquisite residence seamlessly combines modern sophistication with the tranquility of nature, all while being just minutes from Burlington’s vibrant urban amenities. (id:51158)

For Sale$2,980,000

799 Cranston Court

Burlington, Ontario

5 Bedrooms3 Bathrooms3050 sqft

Welcome to your dream home! Nestled in a quiet court, this exquisite property backs onto a serene ravine, offering unparalleled privacy and tranquility. Ideally located just minutes from LaSalle Park and Marina, as well as the Burlington Golf and Country Club, you’ll enjoy the best of both nature and recreation right at your doorstep. The backyard is an entertainer's paradise, featuring a sparkling saltwater pool, separately fenced for safety and surrounded by lush landscaping. Step inside this immaculate new custom build and be captivated by the grand 16-foot ceilings that create an airy ambiance throughout the main level. High-end finishes abound, including solid wood baseboards and door/window casings, solid core doors, and hand-scraped hickory hardwood flooring. The spacious living area seamlessly flows into a covered deck, perfect for alfresco dining and relaxing evenings. Enjoy cozy gatherings by the gas fireplace or the outdoor gas fireplace on the deck. The home also boasts a dedicated office space in a separate outbuilding, heated and wired for internet—ideal for remote work or hobbies. The primary suite is a true retreat, featuring a generous walk-in closet and a luxurious ensuite bath. Additional highlights include a secret kids' playroom and a home theatre equipped with an acoustically transparent screen, providing endless entertainment options. With LED pot lights throughout, an Ecobee thermostat and sensors for optimal comfort, and a rec room that walks out to the pool and covered deck, this home combines elegance with functionality. A convenient bathroom located near the pool ensures easy changing for your summer gatherings. Don’t miss the opportunity to own this extraordinary property in one of Burlington's most sought-after neighbourhoods. (id:51158)

For Sale$639,900

100 Burloak Drive Unit# 2405

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Retire in style at Hearthstone by the lake. Two bedroom, two bath unit at Hearthstone by the Lake retirement community. 995 Sq feet of living space. Enjoy the GYM, INDOOR POOL, PRIVATE COURTYARD, ONSITE DINING ROOM, AND SO MUCH MORE. This unit is carpet-free, and freshly painted with updated lighting. Ready to move right in. Live independently or take advantage of the many amenities available for your comfort. Steps to Lake Ontario. The monthly Club fee provides a dining room credit, some housekeeping, trips to shopping, many activities, emergency call system, emergency nursing, Each unit comes with full kitchen, in suite laundry, one underground parking space and a storage locker. (id:51158)

For Sale$899,900

1328 Bunnell Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms900 sqft

Perfect starter or downsizing home in Mountainside neighbourhood. Recently updated: vinyl flooring throughout, black granite counter and white kitchen cabinetry, porcelain flooring in main bath. Freshly painted. The lower level has a family room, kitchen w/subway tile backsplach and breakfast island, 3 piece bath and good size windows. storage and laundry room with separate entrance ideal for potential in-law set up. Outside, there is a deck at front, 2 sheds and gazebo in backyard RSA, Abundant parking, close to shopping and easy highway access (id:51158)

For Sale$1,139,000

582 Chamberlain Road

Burlington, Ontario

5 Bedrooms2 Bathrooms2135 sqft

RARE find in the Mature South E. Burlington-LONGMOOR area! This Raised BUNGALOW has is been completed Renovated with a Fully Contained 2-Bedroom (non-conforming) Basement Apartment with full private walkup.... perfect for Multigenerational living, Guests, or easily converted back to a single-family dwelling should it be required. The MAIN LEVEL has a renovated Kitchen with NEW Cabinets, All New Appliances including an Induction Stove, new Solid-Surface Counters and Updated Lighting. There are 3 good-sized Bedrooms & the 4-pc Bathroom with a NEW Vanity, extra-wide Integrated Sink, and Toilet. The bright Livingroom has modern pot lighting and a Large Picture Window which makes this space feel light and airy day or night. The Dining Room has a Modern pendant light with additional Pot Lighting and is open to the Kitchen for easy entertaining. The Basement is complete with a large Primary Bedroom, Den/Bedroom, Living room, Walk-thru 4-pc Bathroom, Stacked Washer/Dryer & Kitchen with Ceramic-top Range/Oven, Side-by-Side Refrigerator, and Eat-At counter with extra Storage below. There is New Easy-care Vinyl-Plank flooring & Trim on both levels. The large backyard has plenty of Entertaining options with a two-tiered Deck, Raised Garden Box & Concrete Patio. There are mature trees that provide privacy on this large Fully-Fenced backyard perfect for family fun. There are 2 Sheds for garden equipment and a lower sheltered area by the backdoor for bicycles, sports equipment etc. The Carport & Double Driveway allows for multi-vehicle parking. Walking Distance to Amenities including public Transit, GO Train, Shopping, Schools, Parks and so much more!! The Freshly Painted neutral décor and modern finishes makes this home move-in ready for immediate occupancy! This home design allows for many possibilities and is ready to make it your new HOME!! (id:51158)

For Sale$2,249,000

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$2,249,000

5127 Milburough Line

Burlington, Ontario

4 Bedrooms1 Bathrooms1700 sqft

24 ACRES IN BURLINGTON! Exceptional rural setting situated amongst multi million dollar homes in the highly sought after area of North Burlington. This 20+ acre parcel of land is operating as a horse farm w/ outbuildings and standardbred training track and paddocks. There is rental income potential from the 2 homes and potential income from horse boarding. Plus there is also 6-7 acres that can be used for farming or vegetables, the possibilities are endless! This property offers an elevated section (in the current location of the mobile home) providing an ideal location to build your dream home offering a full view from the road along with an expansive scenic view of the surrounding nature, trails, fields, trees, wild life and more. A country estate minutes from the city that is completely secluded amongst other executive estates on large parcels of land. Over 400 feet of frontage, 7 acres of farmable land, 5 paddocks, 2 septic tanks, and detached separate trailer w/ own heat source currently renting for $1000/mo. The farm house is in good shape with metal roof and lots of space. The outbuildings include a detached 2 car garage and a huge barn with super high ceilings and newer addition off the back. Stream running through the property and mostly flat land and some wooded area. These opportunities do not come along too often as an investment so come have a look for yourself! (id:51158)

For Sale$1,159,000

415 Locust Street Unit# 1001

Burlington, Ontario

3 Bedrooms2 Bathrooms1620 sqft

Spacious 2 bedroom + den suite in prime downtown core location with stunning views of the lake, waterfront park and city lights beyond! 1,620 sq.ft. Primary bedroom with 4-piece ensuite and walk-in closet, sun room/solarium and an oversized laundry. South/southwest exposure provides loads of natural light. Building amenities include a party room, exercise room, rooftop deck/garden, car wash, sauna and bicycle storage. 2+1 bedrooms, 2 bathrooms, 2 underground parking spaces and 1 storage locker. (id:51158)