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 $1,550,000
House For Sale in burlington, 978 NORTH SHORE BLVD W

978 North Shore Blvd W

Burlington, Ontario

3 Bedroom 1 Bathroom
Vintage Charm Meets Modern Potential - 3-Bedroom Home in South Aldershot. Built in 1939 and 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. This home is your blank slate, ready to be your forever haven, or reimagined into a modern masterpiece that suits your taste. 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, with major transit connections, local and big-box shopping, and entertainment opportunities all nearby. Whether you seek a comfortable family retreat or a renovation project, this home has the potential you're looking for. (id:51158)
Homes for sale in Burlington
For sale $1,999,900
House For Sale in burlington, 717 COURTLAND PL

717 Courtland Pl

Burlington, Ontario

5 Bedroom 3 Bathroom
Huge, Premium 1/2 Acre Ravine Lot in Downtown Burlington. Rare Opportunity to Own a One of a Kind Lot, Located on One of the Most Desired Courts in the Area. This Large 4 Bedroom, 4 Level Side Split House Features a Nice Spacious Entrance, Ground Floor Family Room With Walkout to Yard, a Large Living and Dining Room with a 2nd Walk Out to a Deck Overlooking the Back Yard. 4 Good Size Bedrooms, Master Bedroom with Ensuite Bath and 2 Closets! This House is Bigger Then Most Original Homes in the Neighbourhood. Long Driveway Which Easily Fits 6 Vehicles. The Tree Lined Ravine Lot Offers Ample Privacy, and Features a 20x40 ft. Inground Pool, Gazebo and Shed. (id:51158)
Homes for sale in Burlington
For sale $535,000
House For Sale in burlington, 340 Plains Road E|Unit #207

340 Plains Road E, Unit #207

Burlington, Ontario

1 Bedroom 1 Bathroom 584 sqft
Beautiful East facing 1 bedroom, 1 full bath unit in the trendy Affinity building. Modern finishes with 9ft ceiling. On-site amenities including rooftop patio lounge and BBQ area, party room, lounge area with lots of seating tables and TV, exercise area and yoga room. Luxury vinyl floors throughout, kitchen with breakfast bar, quartz counters, stainless steel appliances including, ensuite laundry. Included is 2 tandem underground parking spots, bike rack and unit floor locker. Heat Pump rental $82.93/month. (id:51158)
Homes for sale in Burlington
For sale $899,000
House For Sale in burlington, 692 Summers Common

692 Summers Common

Burlington, Ontario

2 Bedroom 2 Bathroom 1534 sqft
Welcome to 692 Summers Common. Great location in Longmoor with convenient access near Appleby GO Station, Appleby Line and Easy Hwy Access. This Modern 2 Bdrm Townhome has be professionally refreshed with new flooring and paint. This Quality Branthaven built Town boasts an open main floor, Good size kitchen with lots of storage, good size bedrooms and potential for a home office or rec room on the lower level. Walk in from the Garage and generous size storage area. 2 min walk to Appleby GO and close to QEW, easy walk STARBUCKS, FAIRVIEW/APPLEBY PLAZA/schools/parks and amazing the Burlington trails/network. (id:51158)
Homes for sale in Burlington
For sale $1,899,888
House For Sale in burlington, 2134 Harris Crescent

2134 Harris Crescent

Burlington, Ontario

5 Bedroom 3 Bathroom 2050 sqft
Attention Investors! Welcome to a rare investment gem nestled in the heart of downtown Burlington. This triplex is located minutes away from the lake, bustling shops and restaurants. Featuring three well maintained units, this property can provide a steady income stream for the discerning investor. 24 Hours notice required for all showings. Schedule a showing today and unlock the full potential of this exceptional 3 unit investment property. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $1,849,000
House For Sale in burlington, 4511 TREMINEER AVE

4511 Tremineer Ave

Burlington, Ontario

4 Bedroom 4 Bathroom
Nestled in the desirable Shoreacres area of south Burlington, this 4 bedroom home has 3,589sqft of living space and is tucked away on a corner lot surrounded by fabulous neighbours on a very quiet street just one block north of Lakeshore Rd. The family friendly centre hall plan has all the usual rooms plus a main floor office and is carpet free with 4 well sized bedrooms. The primary suite has a rare 4 pc ensuite bathroom and the other 3 bedrooms share a 5pc bathroom. The lower level is fully finished with a fabulous recreation room, a brick fireplace, a wet bar, 2pc bathroom and ample storage space. The in ground pool will be open soon for the new family to enjoy. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $1,849,000
House For Sale in burlington, 4511 TREMINEER Avenue

4511 Tremineer Avenue

Burlington, Ontario

4 Bedroom 4 Bathroom 2394
Nestled in the desirable Shoreacres area of south Burlington, this 4 bedroom home has 3,589sqft of living space and is tucked away on a corner lot surrounded by fabulous neighbours on a very quiet street just one block north of Lakeshore Rd. The family friendly centre hall plan has all the usual rooms plus a main floor office and is carpet free with 4 well sized bedrooms. The primary suite has a rare 4 pc ensuite bathroom and the other 3 bedrooms share a 5pc bathroom. The lower level is fully finished with a fabulous recreation room, a brick fireplace, a wet bar, 2pc bathroom and ample storage space. The in ground pool will be open soon for the new family to enjoy. (id:51158)
Homes for sale in Burlington
For sale $2,490,000
House For Sale in burlington, 2432 FIRST Street

2432 First Street

Burlington, Ontario

8 Bedroom 4 Bathroom 3100
Introducing this remarkable multi-unit property, nestled in a tranquil neighbourhood with mature trees just steps away from lake Ontario and beautiful downtown Burlington. Each of the four units boast two bedrooms and a lovely living area with a dedicated parking spot for every unit. The possibilities are endless for this property as it is situated in an RH1 zoned area. For more information on the development opportunities please reach out to our team directly. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $1,139,900
House For Sale in burlington, #18 -5056 NEW ST

#18 -5056 New St

Burlington, Ontario

3 Bedroom 3 Bathroom
Feel brand new on New Street with this executive end unit townhome! Located close to the Appleby GO station, with QEW access and being walking distance to fabulous amenities including Fortino's, LCBO, Jackson's Landing, Starbucks and much more. Great open concept main level with hardwood flooring throughout, spacious living room/dining room with an electric fireplace, with the garden door leading to your backyard oasis. Gorgeous kitchen with upgraded cabinets, granite counters with undermount sink, backsplash, stainless steel appliances and pendant lighting. Second floor offers three spacious bedrooms including the primary with a four piece ensuite and an upper landing loft area. Custom window coverings throughout. Fully fenced in backyard features stamped concrete patio, gorgeous pergola and two gas line for BBQ and fire table. (id:51158)
Homes for sale in Burlington
For sale OPEN HOUSE $1,090,000
House For Sale in burlington, 3901 LODI RD S

3901 Lodi Rd S

Burlington, Ontario

4 Bedroom 3 Bathroom
Welcome to 3901 Lodi Rd, a spotless Detached home nestled in desirable ""new"" community of Alton Village in North Burlington only 5 years old. This property features 4 beds, 3 baths, 9' ceilings! Open-concept living space boasts lots of natural lighting with large windows, hardwood flooring throughout main level, this home is ready to be moved into. The gourmet kitchen features stainless steel appliances, Granite countertops, oversized island breakfast bar area and a sliding door leading into the beautiful oasis backyard. Dark Oak Hardwood floor stairs leads up to the 2nd floor where you have 4 generous sized bedrooms, primary bedroom with 4 pc ensuite bathroom with a spacious walk-in closet. Convenient 2nd floor laundry room. Close to parks and multiple amenities Longos, Farm Boy Market, LCBO, Shoppers, Alton GO 407/QEW. Includes: Stainless Steel Fridge, Stove, Dishwasher, ELF's, Washer, Dryer Window coverings, Garage door opener This one, will not last. Book your showing today! (id:51158)
Homes for sale in Burlington
For sale $869,900
House For Sale in burlington, 5070 Pinedale Avenue|Unit #1207

5070 Pinedale Avenue, Unit #1207

Burlington, Ontario

2 Bedroom 2 Bathroom 1280 sqft
Fabulous Penthouse with 2 Bedrooms, 2 Bathrooms and 2 Underground parking spots. Totally renovated two years ago. This unit is a penthouse, located on the 12 floor with a very private sun room and balcony, boasts panoramic views from every windows. A beautifully updated kitchen with a quartz counter top, dinette, custom back splash and newer SS appliances. Both bathrooms have been renovated, one bathroom equipped with a walk-in tub. Enjoy your panoramic view from the sun room and the balcony. Nice open concept living/dinning room with en-suite laundry, lots of closet space. Two Underground parking spaces (P-117, P-118). Well managed building, offers a number of amenities including Fitness/Exercise room, Sauna, Indoor Pool, Billiard room, Library, Party room, Car wash, plus pay-per-use Electric vehicle charger and much more. Ideally located near parks, transit, shopping, restaurants etc. A must see! RSA. (id:51158)
Homes for sale in Burlington
For sale $1,599,000
House For Sale in burlington, 3914 KOENIG RD

3914 Koenig Rd

Burlington, Ontario

4 Bedroom 4 Bathroom
*LIMITED TIME PRICING!*Wow*Brand New Build*Never Lived In!*Welcome to Alton Village West, The Newest Addition To The Highly Sought-After Alton Village Community At Dundas & Walkers Line in Burlington Surrounding A Central Park, A Peaceful Pond & A Meandering Creek*Architecturally Distinctive Brick & Stone Exterior With Engraved Stone House Number & 2 Car Garage*Fantastic Open Concept Perfect For Entertaining Family & Friends*Gas Fireplace, Pot Lights & Bay Window In Family Room*Gorgeous Gourmet Kitchen With Granite Counters, Extended Height Upper Cabinetry, Pantry & Walkout To Patio*Stunning Oak Hardwood Floors & 9 Foot Ceilings On Main*Amazing Master Retreat With Walk-In Closet, 4 Piece Ensuite, Glass Shower & Soaker Tub*4 Large Bedrooms*Oversized Mirrors & Strip Lighting In All Bathrooms*Professionally Finished Basement With Large Recreational Room, Luxury Broadloom & 4 Piece Bath*Separate Side Entrance*Nest Thermostat*Minutes To Shopping, Dining, GO Station & Hwy 407***** EXTRAS **** *Exceptional Master Planned Living In One Of Burlington's Most Charming Neighbourhoods*Tarion Warranty*Built By Sundial Homes* (id:51158)
Homes for sale in Burlington

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Guide to Selling Your House in Rockwood O

If you’re looking to sell your home, it’s crucial to get the price right. This can be a tricky task, but fortunately, you don’t have to do it alone. By seeking out expert advice from a seasoned real estate agent like Tony Sousa from the SousaSells.ca Team, you can get the guidance you need to determine the perfect price for your property. With Tony’s extensive experience in the industry, he knows exactly what factors to consider when pricing a home, and he’ll work closely with you to ensure that you get the best possible outcome. So why leave your home’s value up to chance? Contact Tony today to get started on the path to a successful home sale.

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