How To Find Real Estate Leads Via Lockboxes

How To Find Real Estate Leads Via
Lockboxes

Lockbox Opens to Leads

Lockboxes are tools used by agents of real estate to get a hold of keys of houses and properties that
are listed as available for purchase. Lockboxes exist for the number one reason that it is an
effective tool to ensure that only authorized agents could enter inside houses that are up for selling.

Lockboxes are called as such because that is what they are. Usually, these boxes are made out of
metal and are attached to the doorknob in front of the house or any other secure area nearby. Inside
this box is another smaller sized box. This is where the key of the house is located. This makes sure
that no unauthorized strangers could freely come inside.

However, the lockboxes that are available now are more high-tech. Current lockboxes contain a
small microprocessor and utilizes an electronic key for it to be opened. This key would only be
available if one is a member of a listing service. Each key holds a specially marked identifier. The
agent who is a member of the listing service in their local areas are also assigned a unique and
specific code that is highly personalized.

Only they could have access to this code as they are not allowed to give it to other listing agents.

The purpose of this is so that whoever enters, the microprocessor sort of records or makes a log as
to who went inside the house as well as what time and date. This is an effective security tool for
the homeowner. But primarily, lockboxes are there in order to make it easier to sell a house.

In the absence of a lockbox, the seller of the house would then be required to be present when a
prospective buyer comes by along with his or her agent. Because of the lockbox, the seller's
presence becomes voluntary and not a requirement. Also, there is the question of security.

There may be instances wherein the seller might leave the door open after giving buyers a tour
around the house. Via the lockbox, there is no second guessing as to who did such and such. The
questions of who let the cat out or who left the water running in the kitchen sink is no longer an
issue since the identity of the agent who comes and goes is immediately known.

This feature proved to be a relevant necessity during an instance in Kirkland, Washington almost
four years ago when a real estate professional was apprehended following a series of burglaries
from FOR-SALE residential houses that the particular agent visited. This agent had access to
lockbox keys and, fortunately or unfortunately, this is the same tool that enabled the agent's arrest.
This system of lockboxes enabled the arrest of Kathy Troxel, via the trail of records she left.
The pioneer in the creation of an electronic type of lockbox was made possible by Supra Products,
Inc. This was eleven years ago. Their company has its headquarters in Salem, Oregon.

More importantly, lockboxes are great avenues for showing off property and houses one is intent to
sell. Newer features of certain lockboxes limits the access of anyone to only a specified time, day
and hours. This is in case the seller requires privacy once in a while. More complex lockboxes
have a feature wherein agents are required to call first before showing up in front of the house they
are intent on selling.

Real estate companies in the United States are also using the most recent lockbox from Supra. The
new application makes use of a handheld device that is connected to a larger network of
information, including the most recent ones, that are all related to real estate. This new palm-sized
device is placed in a receptacle equipped with a modem. This new mobile device enables agents to
have immediate access to updates on local real estate listings in their specific area. This new tool
also provides maps and directions for driving and a roster of members to make it easy locating
agents. This device is run by a battery made out of lithium. This device, while placed in the
receptacle, is also being charged so there is no need to bring any back-up batteries.