I was reading another blog earlier today that was in regards to what your lock box can reveal and do for you. Well this reminded me of something that happened here just a few months ago that really caused a scare to the sellers as well as a big hurt to the broker.
Just as all towns and cities do, we have the larger Broker companies and many small mom and pop Brokers. Well one of the mom and pop Brokers had 75% of their lock boxes stolen over night. Why? Because they had the same code for all of their boxes! Well, whoever had stolen them had figured out after showing a few of their listings that all the combos were the same for all their boxes. I guess in the late hours of the morning, someone decided to go to their listings and steal the boxes with keys included!
It doesn't take a genius to figure out once you have knowledge that all the broker's lock boxes are the same code to go into the MLS and find all their listings!
Well, only days after this had transpired, about 50% of their listings cancelled or were withdrawn. They had lost a lot of their listings because of something so simple that could have been prevented if they had used more discretion.
A few simple rules that should have been followed:
- NEVER use the same combo on all your lock boxes
- Have your lock boxes in a more discreet location on the home
- Rotate your combo every few months
Apparently they still have not learned their lesson because even if you call to book a showing, you can still get the same combo for the lock boxes on their current properties!
that's really interesting. Here the shackle code is different from the code to obtain keys. Everyone has their own code to get the key out, but only the broker/agent has the code to release the shackle which holds the keybox in place.
Thanks for the heads up!