ABC's of Selling Florida Real Estate



Should You Allow Your Realtor® to Use a Lock Box

What is it and why is it useful ?

  A "Lockbox" is essentially a "locked box" within which there is a key to your home. Lockboxes come in a variety of types from the older mechanical type to more modern electronic units that provide your Realtor with information as to who showed your home and when.

  One well-known Tampa FL real estate agent, Cheryl Stimac, advises that the electronic types are in most common use today. They are generally placed on your front door or somewhere easily located by a Realtor® who wants to show your home to a prospective buyer. Only someone with a Realtor's "electronic key" can open the lockbox, retrieve the key and thereby, enter your home to show it. These "electronic keys" are closely controlled by your local Real Estate Board to assure that only active Realtors have them.

  According to one knowledgeable Florida real estate pro, "Having a lockbox available at your house makes it convenient for other Realtors to get access to your house to show it. Without a lockbox in place on your home, a Realtor representing a buyer would need to arrange to have either you or your Listing Agent Realtor meet him or her at the property so he could gain access and show your home."

That may not sound like a big deal to you, but a Realtor cannot know in advance just how much time his Buyer prospect will want to spend at each home he shows them in the area. So, while he may arrange with your Listing agent to be there within a 2 hour window, he cannot be much more specific than that. So you, or your Listing agent is forced to stay at the home for an extended period awaiting the Buyer's agent Realtor and his prospect(s). That is not very convenient for either you or your Listing agent.

  Finally, consider this. Almost every other home for sale in the real estate market will have a lockbox available, so if you do not allow one, many Realtors® will simply not show your property. You will miss out on lots of potential buyers.

  One way to check out my advice is to ask your prospective realtors as you go about choosing the Sarasota real estate agent to represent you. See if he or she agrees with my advice about the use of a lockbox.

  Your Listing Contract specifies whether or not you will allow the use of a real estate lockbox. If you still have questions or concerns about the use of a lock box, ask your Realtor® to demonstrate one to you. If you want your home sold at a good price in a reasonable amount of time, it is best to allow your Listing Agent to install a lockbox.

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