Tuesday, May 08, 2007

What is a Lock Box?

So, what is a lock box, and why do I need one? If you are selling your home, it's an electronic box that is secured to your home and a key to your home is stored in it. Today, easy access to your home while it is on the market is key to having it seen by as many potential buyers as possible. Homes that do not install a lockbox may take longer to sell, and since they are not seen by as many potential buyers, may not sell for as much. In our current market, it may even be the reason your home doesn't sell. With the inventory of homes for sale growing, your home may be passed by for a showing because there are plenty other homes with easy access. Your Realtor will install it and monitor the access, if necessary. The box is programmed to allow access only between particular hours, such as 8am to 8pm. In addition, each Realtor that uses the box is verified on a daily basis, and it records their information. Ask your Realtor for more information on this useful tool to sell your home.

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