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.

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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:

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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.

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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 $515,000
House For Sale in burlington, #307 -5010 CORPORATE DR

#307 -5010 Corporate Dr

Burlington, Ontario

1 Bedroom 1 Bathroom
Excellent Location! Trendy Vibe Condo, 1 Bedroom, 4Pc Bath featuring ensuite laundry. Good size primary Br featuring a walk in closet. 10 foot ceilings and a private balcony. Spacious living room and hardwood throughout the unit. Shows A+. 1 underground parking and 1 locker. Geothermal heating/cooling! Building amenities include gym, party room and rooftop patio. Close to the highway, public transit and Appleby GO train station. (id:51158)
Homes for sale in Burlington
For sale $2,995,000
House For Sale in burlington, 402 PEPPER DR

402 Pepper Dr

Burlington, Ontario

4 Bedroom 4 Bathroom
Luxury awaits in highly coveted Central Burlington neighbourhood! Stunning 3+1bed, 4bath home features open concept main level w/hrdwd flrs thru out, all new custom window coverings, light fixtures&more. Main flr open living space w/formal dining area, family rm w/gas FP surrounded by stacked stone, both overlooked by stunning kitchen. Kitchen offers ss appliances, pristine cabinetry w/new hrdwr, Caesarstone counter, coffee bar&generous island. Additional there is versatile rm perfect for den,office or kids plyrm,powder rm&mdrm. Access from mdrm to dbl garage w/epoxy flr&le storage! 2nd flr, primary retreat has it all-incredible dressing rm&ens w/dbl vanity, stand alone tub&glass shower w/bench. 2 additional spacious beds&full bath complete this level. Recently updated lower level unveils very spacious recrm w/bar area,4th bed,full bath,laundry rm&loads of storage. Step outside to discover the private oasis boasting new extensive landscaping, water feature by the saltwater pool.**** EXTRAS **** Plus enjoy the BBQ center&Gazebo, providing the perfect setting for outdoor gatherings or peaceful solitude. With the lake just a short walk away&the Waterfront Trail mere steps from your door, adventure&serenity await at every turn. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $1,259,900
House For Sale in burlington, 2232 Heidi Avenue

2232 Heidi Avenue

Burlington, Ontario

4 Bedroom 3 Bathroom 1991 sqft
Immaculate 4 Bedroom Home In The Much Desired Headon Forest Neighbourhood. Updated Throughout. Inground Pool. Engineered Hardwood On Main Level, Updated Kitchen With Stainless Steel Appliances, Island, Backsplash. Family Room With Fireplace. Mud Room And Laundry On Main Level. Primary Bedroom With 3Pce Ensuite. Hardwood Floor On Upper Level. Finished Basement With Additional Room. Well Landscaped Backyard With Inground Pool (2017) and Shed. Tankless Water Heater (2022), Foam Insulation in Basement And Garage (2021), 200 Amp (2024). Close To Many Amenities Including Grocery, Schools, Parks, QEW, And More. (id:51158)
Homes for sale in Burlington
For sale $589,900
House For Sale in burlington, #410 -5010 CORPORATE DR

#410 -5010 Corporate Dr

Burlington, Ontario

1 Bedroom 2 Bathroom
Convenience meets sophistication! 784 SF penthouse condo nestled in the vibrant Orchard area. This modern one-bed, two-bath penthouse unit boasts an open concept design, enhanced by upgraded flooring, cabinet hardware & California shutters. The private balcony, accessible from the dining room, offers a serene outdoor retreat. Enjoy the practicality of in-suite laundry and a modern kitchen equipped with SS appliances and a breakfast bar, seamlessly flowing into the living space. The spacious bedroom shines w walk-in closet and 4-PC ensuite, complementing the additional main bathroom with shower. Condo fees cover heat, water & maintenance ensuring a worry-free lifestyle. Building amenities incl: a party room, gym, movie room, rooftop lounge, and BBQ area, all while being ideally located for easy highway and GO Train access, putting all amenities within reach. (id:51158)
Homes for sale in Burlington
For sale $1,869,000
House For Sale in burlington, 2502 BOROS RD

2502 Boros Rd

Burlington, Ontario

6 Bedroom 5 Bathroom
This Millcroft house offers 4+2 bedroom, 5-bath, boasting over 4600 sq ft of living space in. Theexpansive main floor, with its 17-foot peak ceiling, is a true open-concept experience, perfect forthose who love to entertain. The home's design invites natural light to cascade throughout, creatingan atmosphere of warmth and spaciousness. Two basement sections offer a realm of possibilities withits separate entrance, ideal for personal enjoyment or an additional income source, courtesy of aone-bedroom in-law suite, perfect for your extended family. Functionality meets design with ampleparking spaces, ensuring convenience for large gatherings and celebrations. This home isnt just aresidence; its a lifestyle investment that blends practicality with a lived-in feel and lots ofpotential. Experience life in sought after Millcroft with schools, shopping, highways andrestaurants nearby. This house is ready to be morphed to suit your style. (id:51158)
Homes for sale in Burlington
For sale $589,900
House For Sale in burlington, 5010 CORPORATE Drive|Unit #410

5010 Corporate Drive, Unit #410

Burlington, Ontario

1 Bedroom 2 Bathroom 784 sqft
Client Remark: Convenience meets sophistication! 784 SF penthouse condo nestled in the vibrant Orchard area. This modern one-bed, two-bath penthouse unit boasts an open concept design, enhanced by upgraded flooring, cabinet hardware & California shutters. The private balcony, accessible from the dining room, offers a serene outdoor retreat. Enjoy the practicality of in-suite laundry and a modern kitchen equipped with SS appliances and a breakfast bar, seamlessly flowing into the living space. The spacious bedroom shines w walk-in closet and 4-PC ensuite, complementing the additional main bathroom with shower. Condo fees cover heat, water & maintenance ensuring a worry-free lifestyle. Building amenities incl: a party room, gym, movie room, rooftop lounge, and BBQ area, all while being ideally located for easy highway and GO Train access, putting all amenities within reach. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $688,000
House For Sale in burlington, 2110 CLEAVER Avenue|Unit #109

2110 Cleaver Avenue, Unit #109

Burlington, Ontario

2 Bedroom 1 Bathroom 962 sqft
Welcome to 2110 Cleaver Ave Unit 109 in Burlington's coveted Headon Forest neighborhood. This updated 2-bedroom stacked townhouse boasts an inviting open concept, highlighted by vaulted ceilings, crown molding, hardwood floors, and a gas fireplace. Natural light floods the space, showcasing the private backyard oasis, complete with gardens and mature trees for ultimate privacy. In addition to the separate dining space, the kitchen features an eat-in space and stainless steel appliances. The spacious primary bedroom boasts a beautiful view of the tree-filled yard and a large closet. With two parking spots right at your doorstep, convenience meets comfort in this desirable main-floor townhome. Walking distance to grocery stores, restaurants, parks, and schools, this perfect location is surrounded by all the amenities you need. Don't miss the chance to make this dream property yours! (id:51158)
Homes for sale in Burlington
For sale $1,869,000
House For Sale in burlington, 2502 BOROS Road

2502 Boros Road

Burlington, Ontario

6 Bedroom 5 Bathroom 2744 sqft
This Millcroft house offers 4+2 bedroom, 5-bath, boasting over 4600 sq ft of living space in. The expansive main floor, with its 17-foot peak ceiling, is a true open-concept experience, perfect for those who love to entertain. The home's design invites natural light to cascade throughout, creating an atmosphere of warmth and spaciousness. Two basement sections offer a realm of possibilities with its separate entrance, ideal for personal enjoyment or an additional income source, courtesy of a one-bedroom in-law suite, perfect for your extended family. Functionality meets design with ample parking spaces, ensuring convenience for large gatherings and celebrations. This home isn’t just a residence; it’s a lifestyle investment that blends practicality with a lived-in feel and lots of potential. Experience life in sought after Millcroft with schools, shopping, highways and restaurants nearby. This house is ready to be morphed to suit your style. (id:51158)
Homes for sale in Burlington
For sale $3,999,900
House For Sale in burlington, 1767 HEATHER HILLS DR

1767 Heather Hills Dr

Burlington, Ontario

3 Bedroom 3 Bathroom
Timeless grace abounds in this luxurious bungalow, nestled amidst the scenic ravines of Tyandaga on a generous 2.5 acre parcel of meticulously manicured grounds. Spanning approx. 4,200 SF of main floor living, this remarkable residence combines elegance with comfort. The grand driveway welcomes you into a world of refined living, where entertaining becomes a joy in the gourmet kitchen boasting granite countertops and top-of-the-line appliances. The sunken family room, adorned with a stone fireplace, soaring vaulted ceiling, and expansive floor-to-ceiling windows, offers breathtaking vistas. French doors seamlessly blend indoor and outdoor spaces, encouraging you to savour the splendor of alfresco living. Step outside and discover a haven of relaxation, complete with a sunken hot tub and a saltwater gunite pool - perfect for unwinding surrounded by the tranquility of nature. Lush greenery envelops the saltwater pool, bordered by covered, vaulted patios overlooking the expansive grounds.**** EXTRAS **** Heated 3-car garage, showcasing an epoxy floor and aluminum diamond-plated panels for a stylish touch. A rare opportunity to own a private estate in the heart of Burlington where luxury, tranquility, and convenience intersect seamlessly. (id:51158)
Homes for sale in Burlington
For sale $699,000
House For Sale in burlington, #508 -1425 GHENT AVE

#508 -1425 Ghent Ave

Burlington, Ontario

3 Bedroom 2 Bathroom
Step into this updated condo in Burlington's Saratoga Village. The open-concept living and dining area boasts engineered floors and a spacious balcony. Fresh paint throughout creates a bright ambiance. The modern white kitchen features granite counters and a marble backsplash. Enjoy three large bedrooms, including a primary with walk-in closet and renovated ensuite. Bedroom 2 offers another walk-in closet. A newly updated main bath adds further style. Two parking spaces (119/120) and storage included. Amenities: outdoor pool, exercise room, car wash, party/meeting room, visitor parking, bike storage, workshop, and library. Convenient location near highway, GO Station, and downtown Burlington's shops, restaurants, lake, Performing Arts Center, and Spencer Smith Park. (id:51158)
Homes for sale in Burlington
For sale $999,900
House For Sale in burlington, 1303 ROYAL Drive

1303 Royal Drive

Burlington, Ontario

4 Bedroom 2 Bathroom 1406 sqft
Nestled in a mature neighbourhood, this home is full of potential, offering convenience and comfort. A stone's throw from the mountainside rec centre and minutes from parks, schools, and amenities, it boasts easy highway access for effortless commuting. The interlock walkway leads to a welcoming entrance, revealing 2212 SF of total finished living space. The main level boasts hardwood floors and a renovated kitchen, featuring stainless steel appliances, granite countertops, cork flooring, and backsplash. Large windows and pot lights illuminate the space, creating a warm ambiance. A main level 4-piece main bathroom and 3 bedrooms, ensures ample space for family and guests. The family room, with its gas stove, bay window, rustic wood paneling, and soaring ceilings, offers a cozy retreat. It opens up to a large rear yard, poised on a pool-sized lot, offering endless possibilities for outdoor enjoyment. The finished lower level adds to the home's living space, with a 3-piece bathroom, a versatile recreation room with built-in desks and shelving, an additional bedroom or office, and a laundry/utility room. Outside, the property features a separate garage and plentiful parking. This home is a great find in a great location, with potential for a lifestyle of convenience and tranquility. (id:51158)
Homes for sale in Burlington
For sale $3,999,900
House For Sale in burlington, 1767 HEATHER HILLS Drive

1767 Heather Hills Drive

Burlington, Ontario

3 Bedroom 3 Bathroom 4211.2400
Timeless grace abounds in this luxurious bungalow, nestled amidst the scenic ravines of Tyandaga on a generous 2.5 acre parcel of meticulously manicured grounds. Spanning approximately 4,200 square feet of main floor living, this remarkable residence combines elegance with comfort. The grand driveway welcomes you into a world of refined living, where entertaining becomes a joy in the gourmet kitchen boasting granite countertops and top-of-the-line appliances. The sunken family room, adorned with a stone fireplace, soaring vaulted ceiling, and expansive floor-to-ceiling windows, offers breathtaking vistas. French doors seamlessly blend indoor and outdoor spaces, encouraging you to savour the splendor of alfresco living. A captivating games room exudes the vibrant energy of a high-end casino. The primary suite sets a tone of indulgence with a coffered ceiling, spacious walk-in closet, and an oversized ensuite featuring a sauna and a sunroom with access to your outdoor oasis. Step outside and discover a haven of relaxation, complete with a sunken hot tub and a saltwater gunite pool – perfect for unwinding surrounded by the tranquility of nature. Lush greenery envelops the saltwater pool, bordered by covered, vaulted patios overlooking the expansive grounds. For car enthusiasts, a heated three car garage awaits, showcasing an epoxy floor and aluminum diamond-plated panels for a stylish touch. Professionally landscaped gardens, multi-zone irrigation, two accessory sheds, and a gazebo enhance this idyllic retreat – presenting a rare opportunity to own a private estate in the heart of Burlington where luxury, tranquility, and convenience intersect seamlessly. Welcome to your new home! (id:51158)
Homes for sale in Burlington

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