How to Find the Best Homes for Sale in Breckenridge

What to know when buying in this mountain town

Starting a home search is challenging enough in normal market conditions, but the process can feel impossible when inventory is low. When searching in areas like Breckenridge, it helps to work with an experienced agent and to stay as flexible as possible. Follow these tips for help finding Breckenridge homes for sale. To prepare as a buyer, here’s what to expect from the local real estate market.

Located at the center of the Rocky Mountains, Breckenridge is a great place to live for those who love outdoor recreation year-round, are searching for a close-knit community to raise a family, or want to break into its lucrative market. The current market is experiencing some cooling trends, which is good news for buyers. However, the average sales price remains high, and average days on market remain low. With this in mind, here’s how to find the best home with low inventory.  

Clarify your goals

As with any home search, it’s important to clarify your goals before beginning. Is this property going to be a second or vacation home? Or are you interested in searching for a property to raise a family in? Retirees looking for a nature haven would also find their needs met in Breckenridge. Create a list of items you need and want from a property and the location, such as its size, neighborhood, and surrounding amenities. Keep them in mind when starting your search, and know beforehand which items are and aren’t negotiable.

Breckenridge real estate and the town itself offer residents many property types and locations to meet their needs. Whether you’re looking for a spacious single-family home with great mountain views, a luxury apartment or condo near the town’s amenities, or a property near trails great for summer hiking, Breckenridge has it. For families, there are great schooling options for children of all ages, while retirees spending a day out can shop at high-end outlets or eat at fine-dining restaurants.

Partner with a real estate agent

An integral step to take as a buyer searching in a low-inventory market is to partner with an agent local to the area. Look for agents who have a wide network with other buyer and sellers’ agents in the area. A well-connected agent may have leads to properties that haven’t been listed yet, ensuring you get the first chance at making an offer on a property. They also may have information about properties in the area that are about to be listed, which increases your chances of finding great Breckenridge homes for sale.

An agent should also provide clear and frequent communication to keep you updated with available listings. Clear communication is also integral in the negotiations phase, as they’ll take the time to learn what you are and aren’t willing to negotiate and protect your best interests in the process. An agent will know how to make your offer more appealing to the seller, which will help you secure a deal.

Research the local market

When searching in a low-inventory market, take the time to research the local market. Find out how strong the market swings in buyer or seller’s favor, what home types you’re interested in are generally listed, and the recent sales in the area. An agent can help you research the market and explain market trends. This knowledge will help you make informed choices when offering and considering properties.

Breckenridge is currently a seller’s market, which means that inventory doesn’t meet buyers’ demand. However, there has been a recent increase in days on the market, new listings, and price reductions. This means that buyers searching in the area may have an easier time finding a home they love. Buyers should work with agents to find listings before their competition.

Be flexible

To broaden the possibilities available to you as a buyer, be flexible in your search. Give a chance to homes that don’t align with your goals 100%, as they can surprise you with their compatibility. Even if you don’t select any of the alternative options, having looked and knowing what’s out there eliminates any possibilities and reaffirms your current search.

Also, search above and below your price range, as different properties may surprise you. Properties below your price range may only need a few cosmetic upgrades or minor repairs, which can be worth it to buy in a great location. Sellers listing properties above your price range may be convinced by downward negotiations, especially if they want to sell quickly. Keep your options open, and honestly consider how they might or might not fulfill your needs.

Explore all avenues

Many people searching for Breckenridge real estate look at traditional listing platforms, but in a low inventory market, it’s important to explore all possibilities. Ask your agent to search for listings that have expired or were withdrawn. Although withdrawals and expirations usually occur when the property is overpriced, a seller may be willing to consider an offer you make to them.

Listings for sale by owners (FSBO) are also an avenue to explore if your search is becoming challenging. Not all owners list their properties on official sites, making them harder to find. Look at sites like FSBO.com or check local signage. Buyers can also reach out to landlords who have rental properties or existing homeowners in the area and see if they’re willing to sell.

Ready to search for Breckenridge homes?

Even though low inventory can make it difficult to search for properties, there are still plenty of steps you can take as a buyer to find the best home. When you’re ready to start your search in Breckenridge, contact experienced local agent Randy Jeffrey to guide you through it.

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