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  Why a Lockbox?

Lockbox

A lockbox is a basically a padlock with a cavity inside where a key to
your home can be placed. Only someone with a key (electronic or
mechanical) or the combination can get into the lockbox and access
the key to your home. Having a lockbox available at your house makes
it easy for other agents to get access to your house.

Without the lockbox, agents representing buyers would have to set
appointments to meet you or your agent at the house so they could
gain access and view the home. This would be inconvenient. Since
almost every other house does have a lockbox available, if you do not
allow one most agents will simply not show your property. You will
miss out on lots of potential buyers.

The listing contract specifies whether you allow a lockbox or not. It is
locked into place, usually on the front door and cannot be removed.
Only other agents can access the key that is located within the
lockbox.

copyright 2000 by Terry Light and RealEstate ABC, revised 2002

 

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