What Is Blue Ribbon Real Estate?

Blue ribbon properties refer to a property that is in fantastic condition, to the point that it looks brand new. Blue ribbon properties do not refer to brand new constructions. It specifically refers to homes that have been sufficiently cleaned and maintained to be as appealing as a new home.

Other terms with similar meanings are “like new condition” or “turnkey,” both of which imply a home’s near-new condition.

Buyers may be drawn to blue ribbon homes because they don’t need many (if any) repairs or upgrades. Given the appearance of novelty, these properties may even sell at or above asking price (depending on market conditions). In a particularly competitive market, homes in blue ribbon condition can give sellers an edge over “comps” – homes of a similar size and age in the area.

What is blue ribbon condition in real estate?

In real estate, Blue Ribbon Condition refers to homes that are in such good condition that they appear brand new.

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Buyers may be more likely to purchase a home in immaculate condition if no cosmetic changes are required, and therefore be able to take possession with a shorter closing time. While blue ribbon homes are not considered new construction, they may be easier to find in newer neighborhoods. Alternatively, homes being sold by the original owner might be in more of a blue ribbon condition.

Where does the term come from?

Blue ribbons are a common symbol of quality. Many local fairs or other competitions award blue ribbons to winners in a variety of categories, from cattle breeding competitions to cake-making competitions to sporting and arts events. Traditionally, a blue ribbon represents the highest achievement or quality award.

In the case of real estate, “Blue Ribbon” corresponds to a property in the highest condition, just before a new building.

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What other terms correspond to Blue Ribbon terms?

A home that is in immaculate condition can also be described as like new, indicating that it has minimal imperfections or problems, although it is not necessarily unused.

Some people may also refer to blue ribbon homes as “turnkey” or “turnkey”. This terminology refers to the new owners not having to do anything to get the home ready to move into. All you have to do is turn the key on the front door.

“Move-in condition” or “move-in condition” is another term synonymous with blue-ribbon condition.

How do you get a house in Blue Ribbon condition?

To get a home blue, you may need to make sure it’s up to date in style or design, has fresh paint and carpets, and make sure there aren’t any repairs pending. The latest fixtures and fittings such as appliances, central heating and air systems or water heaters could give a home Blue Ribbon status.

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Before listing a home in this condition, take photos: they represent the home best when the rooms are clutter-free and effectively designed. A good staging company can help highlight the positives and make your home look more welcoming. Homeowners may also need to perform a deep cleaning of the home or hire professional cleaners to achieve the turnkey or Blue Ribbon quality level.

Dedicated sellers may even get a home inspector to inspect the home to identify potential problems. This gives them a chance to fix these issues before potential buyers view the home, allowing sellers to present the home on the market in its best possible condition.

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