Enter the Keyless Lock Box

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(No Transcript)
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During this most recent downturn in the economy,
most real estate markets throughout the country
were inundated with foreclosure property. Certain
real estate brokerages that specialized in this
type of distressed property had the best years of
production on record. All of these properties
that needed to be shown and sold needed real
estate lock boxes, but the value provided by a
smart lockbox through didn't justify the cost to
acquire, as distressed-property brokerages had
inventories of 50, 100, 200 or 300 properties at
a given time.
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The smart lockbox was too expensive, especially
when taking into account that the home in
question was owned by the bank, it was vacant and
the analytics of showings didn't matter when a
given foreclosure property is selling in no time
at all with multiple offers. If an agent is
carrying even 50 listings with a smart lockbox,
it entailed 5000 worth of lock boxes needed on
all the properties he/she has for sale. At this
point, a less expensive combination lockbox from
looked way better and the total outlay for the
lock boxes was substantially less.
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Put simply, the market bears the current price
point of smart lock boxes because the value they
provide are well worth the cost. That being said,
certain companies have come into existence that
are poised to take advantage of the amount of
agents that want to sell their used lock boxes as
well as the agents out there who don't want to
pay retail for the lockbox they need for their
business. There are companies that are now
offering the keyless lock box that saves both
time and money for real estate agents and their
clients.
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In the world of real estate lock boxes, the
keyless lock box is now preferred because the
overall value inherent in being able to secure a
home, controlling the use of entry and having
analytical accountability far outweighs the
alternative of your standard combination lock box
the complete absence of real estate lock boxes.
The best thing about the keyless lock box is that
it beats all the other types of lock boxes by a
huge margin and they also do some things quite
well and have the capabilities that the other
dont have.
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No matter what, it's obvious the industry is
moving in the right direction we are witnessing
technological advancements that help to serve
real estate professionals do their job better and
more efficiently, and it is interesting to see
what will be the norm in the near future as well
as the long term. For now, real estate
professionals can be confident in knowing that
while it's great where they have been with the
tradition realtor lock box, the keyless lock box
make things only get better.
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