Listing your home for sale can be both an exciting and daunting task. Often during the course of listing a home for sale, the home seller will ask, “Why Would I Want A Lockbox on My Home?”
The short answer is, it’s the same reason that food establishments developed “the drive-through” and banks developed “the ATM”—Convenience and More Potential Customers!
The lockbox is convenient because it does a few things. First, it allows potential buyers to schedule appointments with their agents with relative ease. The agent can use their secure lockbox access key to access the home and lock it back up. Second, it allows for the home seller to continue in their regular routine without needing to wait around to accomodate appointments.
Next, the lockbox opens up he potential to gain more potential “customers.” There are a greater number of people who are likely to view a home when it has a lockbox because: 1) the ease of access means that even if they discover the home at the last minute, if they do not have to schedule an appointment to see it they are more likely to take a look at it, 2) both sellers and buyers are able to stop in and see the home at a time that is conducive to their schedule, 3) most buyers are more comfortable viewing a home without the presence of the home seller. The more comfortable a buyer is as they view a home, the more likely they are to be able to picture themselves in that particular home.
Beyond convenience and the potential of attracting more people to view the home, there are added benefits to having a lockbox. Some of the benefits include: 1) the electronic lockbox can be set with a timed access feature. This timed access feature can be utilized so that buyers and agents can only access the home between certain hours. 2) each time an agent accesses the lockbox, their information is stored and the listing agent can keep track of everyone who has entered the home. This way, there is a running record of every agent who has brought someone into the home.
There are many things that can be done to make sure a home gets the maximum exposure on the market. The lockbox is one of the tools that an agent utilizes to give a home sellers home the most advantage in the market place. If you want to gain the most exposure to the real estate marketplace then a lockbox will help with this. You must remember that people won’t buy what they can not see.
Disclaimer-All information contained herein is deemed reliable but not guaranteed. You are advised to consult a reputable attorney for all legal advice or a reputable tax advisor.