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Lockboxes Provide Unique Advantage
in Today's Competitive Market

By Keith Loria

When it comes to getting your home sold, agents across the board agree that
utilizing a lockbox can make a big difference between whether or not your home
sells, and how quickly. In fact, real estate professionals go as far as saying
that lockbox codes and lockboxes allow for quicker sales and more views by
qualified buyers.

In its simplest definition, a lockbox is a metal box that literally attaches to
the front doorknob or other secure part of the home. Inside the lockbox is a
smaller box that contains the key to the house, so when an agent opens the
lockbox, the smaller container slides out, providing easy access to the home.

Since the majority of today’s real estate listings are entered into a Multiple
Listing Service, your home is getting more exposure as more real estate agents
than ever before can show your home to prospective buyers.

This means that real estate professionals need access to your home on fairly
short notice, however, you and your agent can control when prospective buyers
have access to your home by setting the lockbox hours.

Without a lockbox, sellers have to plan accordingly so that they are present
when prospective buyers come to see the home with their agent. In addition, if
you simply leave your house key out for your agent, he or she might have to
rush off to another showing across town, leaving your home unavailable to other
interested buyers.

Lockboxes are also much more advanced than they used to be. Unlike the
lockboxes of a decade ago, today’s lockboxes are mostly electronic and record
the time and date as well as which agent showed your home. They even notify
your listing agent immediately so that he or she can quickly get to work on
your behalf.

For those worried about security issues, a stranger cannot come by, open the
box, get the key and gain entry to the house. The only way to open a lockbox is
with an electronic key, and the only way to get a key is to become a member of
the local MLS. Each key has a unique identifier and agents are forbidden to let
another agent use their electronic key.

If your agent doesn’t recommend using a lockbox, don’t be afraid to ask for
one. It’s your home and you can certainly call the shots.

To learn more about taking advantage of lockboxes when selling your home,
contact our office today.