Admin

Benefits of Using a Lockbox

By
Real Estate Agent with Charles Rutenberg Realty

A lockbox makes a home easier to sell. Why? Because it makes it convenient and simple for agents to show the home to their clients. It's no wonder that this small device is used so frequently in the real estate industry. A lockbox is a metal box which contains the key to the house. Mechanical lockboxes require a combination to open, whereas electronic lockboxes are opened with an electronic key. In either case, only licensed real estate agents can obtain the combination or the electronic key to open the lockbox, and they have to schedule a showing with the listing agent's office. Without a lockbox, a seller would have to be present for each showing to open the door. This would be obviously inconvenient for the seller - who wants to sit around waiting for agents to show up with buyers? Another thing to keep in mind is that buyers prefer to look at homes when the seller is not there. It helps them imagine the home as their own which is an important step towards making an offer. They can take their time viewing the home and they are not feeling pressured to leave quickly. Plus, they can talk freely with their agent about the home and about any concerns they may have. Lockboxes make life easier for buyers agents, too. It gives them flexibility in scheduling their showings, since they don't have to coordinate with too many people. Agents are in fact so accustomed to lockboxes, that some would be very unenthusiastic about showing a property without one. In other words, by making your home easy to show, you will likely get more buyers agents (and their clients!) interested in paying your home a visit. Before listing your home you and your agent will discuss the use of the lockbox. You will decide what times your home will be available for the showings, and how much notice you will need. Your agent's office will notify you before each showing, and will keep a record of who visited your home and when.