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 OPEN HOUSE $1,449,000

2278 Turnberry Road, Unit #13

Burlington, Ontario

2 Bedroom 3 Bathroom 2067 sqft

Bright and airy, this open-concept 2-bedroom semi-detached bungaloft backs onto the 15th green of Burlington's Millcroft Golf Course. The Kingsmill model features 2067 sq ft of living space plus an unspoiled lower level. Highlights of the home include hardwood flooring in the living and dining rooms, cathedral ceilings, expansive windows with California shutters, main floor laundry with storage space, powder room, and a double car garage with inside access. The living room has a cathedral ceiling, gas fireplace, and large bay window. The grand dining room, with a 12' ceiling, is ideal for family gatherings. The kitchen includes granite counters, plenty of cupboards, and a pantry. The dinette opens to a private, west facing deck with awning, that overlooks the rear yard and golf course. The main level primary suite easily accomodates king-size furnishings and offers golf course views. It includes a 4-piece ensuite bath with a soaker tub, separate shower, a walk-in closet, and an additional double closet with mirrored sliding doors. Upstairs, the second bedroom is spacious with a walk-in closet. The loft area overlooks the main level. A 4-piece bath completes this level. Condo fees cover building insurance, common elements, exterior maintenance and parking. Millcroft is a great Burliington neighbourhood with schools, parks, shopping, restaurants and golf just steps away. Access to Hwy's 407, 403 & QEW are all close by. Don’t miss out on this great opportunity! (id:51158)
Homes for sale in Burlington

For sale $4,150,000

4014 Lantern Lane

Burlington, Ontario

5 Bedroom 5 Bathroom

GRAND CUSTOM BUILT RESIDENCE ON A PRIVATE COURT IN PRIME LAKESHORE COMMUNITY OF BURLINGTON. CLOSE TO 1/2 ACRE LOT: 176 DEEP X 148 FT AT WIDEST POINT. OVER 5000SF, 5 BEDROOMS, 5 BATHS, SAUNA, 6 F/P'S, 2 STOREY FOYER, MAIN & LL OFFICES, 9' CEILINGS, HARDWOOD FLOORING, CROWN MOULDINGS, FULLY FINISHED LL W/WINE CELLAR, CUSTOM WET BAR. 2 FURNACES, 2 A/C, SPEAKERS THROUGHOUT, MASSIVE PIE-SHAPED LOT OFFERS COMPLETE PRIVACY, SUNROOM OVERLOOKING THE INGROUND HEATED GUNITE POOL, HOT TUB, FULL GAZEBO W/KITCHENETTE HAS CHANGE ROOM AND TOOL SHED AROUND BACK, BEAUTIFULLY HARDSCAPED AND LANDSCAPED W/COMPLETE PRIVACY IN BACK W/LUSH GARDENS AND TREES, MOTORIZED PERGOLA. $500,0000 IN REVOVATIONS ($300,000 EXTERIOR).Prime location with its proximity to the lake, shopping, restaurants, highways, transit, high-rated schools with the best sports facilities, and so much more! Your search ends here! Welcome HOME!! (id:51158)
Homes for sale in Burlington

For sale $1,249,000

148 Boxley Road

Burlington, Ontario

3 Bedroom 2 Bathroom

Thoughtfully upgraded bungalow in the tranquil Elizabeth Gardens neighborhood of Burlington, Ontario. Just a short stroll from the lake, this home offers the perfect blend of modern convenience and a charming ambiance. The open-concept kitchen and dining/living room space, with its rustic touches, is ideal for entertaining. With three bedrooms and two bathrooms, there's plenty of space for family and guests. The primary bedroom can be easily converted back into two separate bedrooms, offering flexibility for your needs.Escape to the private backyard oasis, complete with a saltwater, inground pool the perfect place to unwind and enjoy summer days. The finished basement with separate entrance presents a fantastic opportunity to create a legal apartment, adding even more value to this already attractive property. This delightful bungalow is also close to all the amenities you could ask for, including shops, restaurants, schools, and parks. Easy access to highways and the GO Train allows for a quick commute to downtown Toronto or points west. Whether you're a young family, a growing couple, or someone who enjoys an active lifestyle, this location offers something for everyone. The Basement has the opportunity to be converted into a legal basement apartment. Design and Contractor quotes available upon request. (id:51158)
Homes for sale in Burlington

For sale $1,399,900

675 Woodview Road

Burlington, Ontario

4 Bedroom 2 Bathroom

This beautiful South Burlington raised bungalow, with mature oasis of a backyard, has been completely renovated from top to bottom! Featuring 3+1 bedrooms and 2 full bathrooms, this open-concept with Mannington hardwood floors, is perfect for entertaining and family gatherings. The spacious living room and dining area boast bay windows that fill the room with natural light. The kitchen offers high-quality stainless steel appliances, custom cabinetry, huge island with seating, quartz counters and a convenient pantry. The main floor includes the primary bedroom with two closets, two additional spacious bedrooms and luxurious 4-piece bathroom. The new staircase leads to the lower level, with rec room featuring a fireplace, a versatile 4th bedroom with walk-in closet, a large bathroom with a walk-in shower, and loads of storage. The private backyard boasts mature foliage, spacious patio for entertaining or relaxing. Close to Downtown Burlington, schools, restaurants, shopping easy access to highways and more. (id:51158)
Homes for sale in Burlington

For sale $4,150,000

4014 Lantern Lane

Burlington, Ontario

5 Bedroom 4 Bathroom 5025 sqft

Grand custom built executive residence with backyard paradise is situated on a private court in a prime Lakeshore community in Burlington. This five bedroom home offers over 5,000 square feet of living space plus a fully finished lower level. Features of this home include nine foot ceilings, a two-storey foyer, formal living and dining rooms, family room with double-sided gas fireplace, main floor office and laundry, hardwood flooring, crown mouldings, five baths, six fireplaces, sauna, wine cellar, custom wet bar, sun room overlooking the pool/waterfall/gardens, central vacuum, speakers throughout, motorized pergola, and so much more! Massive pie-shaped lot (176 deep and 148 at widest point) offering an inground heated gunite pool with stone waterfall, hot tub, gazebo w/kitchenette and changeroom, beautiful and lush gardens & landscaping including hydrangeas and Japanese maple, flagstone and aggregate patios, an inground sprinkler system and complete privacy! This home lacks nothing that you could hope for or dream of. Prime location with its proximity to the lake, shopping, restaurants,lake, highways, transit, high-rated schools with the best sports facilities, and so much more! Your search ends here! Welcome HOME!! View the comprehensive photo gallery at https://listings.northernsprucemedia.com/sites/qaaebbp/unbranded. Don't miss this one! (id:51158)
Homes for sale in Burlington

For sale $1,399,900

675 Woodview Road

Burlington, Ontario

4 Bedroom 2 Bathroom 2223.89 sqft

This beautiful South Burlington raised bungalow, with mature oasis of a backyard, has been completely renovated from top to bottom! Featuring 3+1 bedrooms and 2 full bathrooms, this open-concept with Mannington hardwood floors, is perfect for entertaining and family gatherings. The spacious living room and dining area boast bay windows that fill the room with natural light. The kitchen offers high-quality stainless steel appliances, custom cabinetry, huge island with seating, quartz counters and a convenient pantry. The main floor includes the primary bedroom with two closets, two additional spacious bedrooms and luxurious 4-piece bathroom. The new staircase leads to the lower level, with rec room featuring a fireplace, a versatile 4th bedroom with walk-in closet, a large bathroom with a walk-in shower, and loads of storage. The private backyard boasts mature foliage, spacious patio for entertaining or relaxing. Close to Downtown Burlington, schools, restaurants, shopping easy access to highways and more. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,249,000

148 Boxley Road

Burlington, Ontario

3 Bedroom 2 Bathroom 1348 sqft

Thoughtfully upgraded bungalow in the tranquil Elizabeth Gardens neighborhood of Burlington, Ontario. Just a short stroll from the lake, this home offers the perfect blend of modern convenience and a charming ambiance. The open-concept kitchen and dining/living room space, with its rustic touches, is ideal for entertaining. With three bedrooms and two bathrooms, there's plenty of space for family and guests. The primary bedroom can be easily converted back into two separate bedrooms, offering flexibility for your needs. Escape to the private backyard oasis, complete with a saltwater, inground pool – the perfect place to unwind and enjoy summer days. The finished basement with separate entrance presents a fantastic opportunity to create a legal apartment, adding even more value to this already attractive property. This delightful bungalow is also close to all the amenities you could ask for, including shops, restaurants, schools, and parks. Easy access to highways and the GO Train allows for a quick commute to downtown Toronto or points west. Whether you're a young family, a growing couple, or someone who enjoys an active lifestyle, this location offers something for everyone. The Basement has the opportunity to be converted into a legal basement apartment. Design and Contractor quotes available upon request. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $999,900

535 Regina Drive

Burlington, Ontario

3 Bedroom 3 Bathroom

Welcome to your dream home in the heart of Burlington! Backing onto a park with no homes behind and offering lots of privacy. Nestled in a prime location just steps away from the pier, charming restaurants, and picturesque walking trails along the water, this stunning property offers the epitome of convenience and relaxation. Step inside to discover a masterpiece of modern design, where no detail has been spared. This home has been fully renovated from top to bottom, with an addition that brings a contemporary flair while retaining its classic charm. Boasting 3 spacious bedrooms and 3 full bathrooms, including a beautiful master suite, there's room for everyone to unwind in style. The heart of the home is the expansive kitchen, a chef's delight featuring ample storage space, sleek countertops, and all-new appliances. With an open concept layout flowing seamlessly into the inviting living room, entertaining guests or enjoying family time has never been more effortless. Every inch of this home radiates luxury and comfort, with brand-new flooring, a state-of-the-art furnace, cooling A/C, and a durable roof ensuring years of worry-free living. Move-in ready and waiting for you to make it your own, all that's left to do is unpack and start enjoying your private oasis. Outside, discover your slice of paradise in the serene backyard, perfect for quiet evenings under the stars or hosting summer barbecues with friends and family. Don't miss your chance to own this exquisite property in one of the most sought-after locations. Schedule your private tour today and experience coastal living at its finest! **** EXTRAS **** Oversized Kitchen Island; Furnace & A/C ['18], Roof ['18], Front, and Patio Doors and Windows ['18]; Lower stone deck to the backyard; Eaves with leaf protectors ['18] (id:51158)
Homes for sale in Burlington

For sale $3,888,222

620 King Road

Burlington, Ontario

5 Bedroom 7 Bathroom

Indulge in luxury at this exceptional residence! Positioned in a highly sought-after neighbourhood in South Burlington, just a short walk from downtown & the Burlington Golf & Country Club. This meticulously crafted home spans over 4500 sq ft, showcasing charm & unparalleled craftsmanship. Offering 4+1 bedrooms & 7 bathrooms, it combines sophistication with comfort. The gourmet kitchen, equipped with high-end Fisher & Paykel appliances & a Wolf 6-burner Stove, is a haven to those with a passion for cooking. The open-concept layout transitions from intimate family dinners to grand formal gatherings in the dining room. The primary suite serves as a relaxing retreat, featuring spa-like ensuite bathrooms for both partners & an exquisite dressing room. The finished basement, complete with a full kitchen is ideal for an in-law setup. First charge vendor take back mortgage available. Rear yard landscape design supports installation of inground pool, negotiable in purchase. RSA. (id:51158)
Homes for sale in Burlington

For sale $1,595,000

644 Maclaren Drive

Burlington, Ontario

4 Bedroom 3 Bathroom

Professionally renovated and refurbished family home, MOVE IN READY. Walking distance to top schools & shopping. Main floor- NEW 2022- wall insulation, electrical, pot lights, drywall, trim, Made In Canada Oak floors, Chef's kitchen w/incredible storage & pullouts, large island w/storage & seating, undercounter lighting, beautiful appliances features open concept to dining & living space w/walkout to west facing deck & inground pool. Main floor family room with gas fireplace & w/o to patio & pool. New 200amp service & panel. Ev wire in garage. 2 car garage w/sink, cabinets, pvc floor - fully insulated & finished with direct access to house. Techno updates - Ecobee thermostat, Garage door opener, Front door Lock and Ring doorbell w/camera - all can be controlled remotely. Bsmnt 630 sq ft living space- Dry-core with waterproof LVP, above grade windows upgraded electrical & lighting, large Dimmers for Lights. 4th bdrm/office sound insulated, 3 piece bath w/window, New LG laundry tower. ** This is a linked property.** **** EXTRAS **** Pool-Liner, safety cover, pump & gas heater recently replaced. 2 Patio doors, kitchen awning, west bdrm windows replaced by Andersen '22. All Bathrooms refinished. Perennial gardens. $$$K spent on upgrades. Gas supply for bbq on Deck. (id:51158)
Homes for sale in Burlington

For sale $3,888,222

620 King Road

Burlington, Ontario

5 Bedroom 7 Bathroom 4568 sqft

Indulge in luxury at this exceptional residence! Positioned in a highly sought-after neighbourhood in South Burlington this home is a short walk from downtown & the Burlington Golf & Country Club. This meticulously crafted home spans over 4500 square feet, showcasing charm & unparalleled craftsmanship. Offering 4+1 bedrooms & 7 bathrooms, it seamlessly combines sophistication with comfort, catering to the refined homeowner. The gourmet kitchen, equipped with high-end Fisher & Paykel appliances & a Wolf 6-burner stove, is a haven to those with a passion for cooking. The open-concept layout transitions from intimate family dinners to grand formal gatherings in the dining room. The primary suite serves as a relaxing retreat, featuring spa-like ensuite bathrooms for both partners and a dressing room. Generously sized additional bedrooms, each with its own ensuite bathroom & walk-in closet, further enhance the allure. The finished basement, complete with a full kitchen, living space, bedroom, and bathroom, offers versatility & is ideal for an in-law setup. A mudroom leads to the 3-car tandem garage, ensuring ample parking. The yard is equipped with a full irrigation system, & newly added gazebo out back, perfect for entertaining. Experience the seamless blend of luxury & functionality firsthand! First charge vendor take back mortgage available. Rear yard landscape design supports installation of inground pool, negotiable in purchase. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $919,000

702 - 370 Martha Street

Burlington, Ontario

2 Bedroom 2 Bathroom

Luxurious 2 Bdrms, 2 full bath, Corner condo unit in The Nautique Lakefront Residence in downtown Burlington,Open Concept Kitchen with a built in Appliances,Cozy Living Room with an Amazing waterfront view of Lake Ontario and also an outstanding view of the Escarpment and Walk out to a balcony.Laminate flooring in Living room and bedrooms.Walking Distance To Spencer Smith Park, Restaurants, Coffee Shops, Shopping Centres, GO Station, Public Library. enjoy the indoor and outdoor building amenities. Included Bell Internet Package, Adi Smart Home Tech Package. (id:51158)
Homes for sale in Burlington

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