Selling your home can be a complicated process, even with the help of an experienced real estate agent. Most sellers aren't used to the real estate business, and there are certain aspects that many find confusing. One of those is the topic of lockboxes.
If you're selling your house and you're not sure what a lockbox is, how it's used, whether or not it's safe, and if you even need one, then this article is for you. We'll cover the most common questions we receive about lockboxes and some information that should help you understand them better.
Why is a lockbox necessary?
Lockboxes exist to facilitate ease of entry into your home. Buyer's agents who want to show your home to prospective buyers need to have access in order to show your home. The less access they have, the less of a chance your home will sell quickly, if at all.
Real estate agents tend to plan their daily showing routes meticulously. They plan what they'll show and in what order. If your property requires them to travel all the way to an office to pick up a key, chances are your property will be dropped from that day's showings, and someone who might have bought your house could end up not even seeing it.
How do I set up a lockbox?
Usually, the only thing you have to do is agree to the placement of a lockbox. More often than not, your listing agent will handle its setup, establish the code, and communicate that information to buyer's agents who need access. You might need to be available when the lockbox is put on, but other than that you shouldn't have to worry about installing it.
How is a lockbox used?
A lockbox is used by buyer's agents to gain access to your home when it's for sale. By punching in a code (or using some other secure method, depending on the lockbox) a buyer's agent can show your home when you're at work or elsewhere.
This prevents you from having to be home all the time just in case a showing happens, and it gives buyer's agents the opportunity to show your home on demand so you have the best chance of selling your home in a timely manner.
The code for your lockbox is known only to the listing agent who's helping you sell your home and buyer's agents who request the code in advance to show your home to interested clients. In this way, it's a safe way to allow access to your home when you're not there to unlock it so you never miss out on a possible sale.
Is it safe?
One of the main concerns sellers often have about a lockbox is its safety. There are a couple kinds of lockboxes you can use. One of the safest ways to go is to use a digital box with a single access code. However, most lockboxes in use today are very safe.
The only time you wouldn't want to put a lockbox on your home is if there are children home alone after school or people inside who sleep during the day because they could be home when an agent enters the house.
However, these are concerns that would be addressed with your listing agent and any professional listing agent would ensure that the safety of all members of your family is of the utmost priority.
Working with a Real Estate Agent
When selling your home, be sure to work closely with a local, experienced real estate agent. Only an experienced listing agent can help you get the most out of your selling experience, obtain the best price, ensure your home is safe but accessible for viewings, and walk you through negotiations to get the best outcome possible.
Clever Partner Agents will sell a Clever client's home for a flat fee of $3,000 or 1% if your home sells for more than $350,000. All Clever agents are full-service agents, and you only pay when your home sells.
These features combined means you get to save money, get professional real estate help, and save time, too.
Get in touch with Clever today and we'll introduce you to a Partner Agent in your area for a no-obligation consultation at no cost to you.