Lock Boxes

Welcome to Hayes Real Estate’s blog page. Not only will this be our firm’s first blog it also will be my first attempt at “blogging” so bear with me and we should get through this just fine!

My goal will be to post two topics a month which will be relative to what we at Hayes are experiencing in the Real Estate market currently, so here we go.

Our Blog topic: “Lock-Boxes”

A growing trend in real estate is the placing of lock boxes on listings. For those of you not familiar, a lock box is a small safe that attaches to a door handle or deck post. Inside are the keys to the property listed and the keys are accessed buy a simple 3 or 4 digit code.

These devises were very popular years ago for properties that were in disrepair or bank owned. Over the years our firm has gone from 4 lock boxes in the office to 1 and the agents often joke about how we don’t even know where the last one is! My point here is despite the recent trend to use the boxes, Hayes still shows their listings.

Common is the conversation between agents; (Buyer agent) “Hi, I want to show your 123 Main St listing on Friday at 10AM is there a box or do you assist?

(Listing agent) “Oh I don’t show that one I have a box on the side door and the code is 4563… 10 AM is fine and let me know any feedback you might get and oh…..who is this again?”

This happens more than I think sellers would expect. This is not intended to ridicule the use of lock boxes or agents that incorporate them into their real estate practices. It does, however, beg the question how are we really working for our seller if we just toss the keys to an agent (sometimes an agent we have never met) and their buyers, who I am certain we have never met!

At Hayes, where we specialize in lakefront homes and land, we feel who else can speak to all of the wonderful things about your waterfront?   Who has been there several times doing research and due diligence to help protect the seller with any disclosure issues? Who knows all of the setbacks for zoning and can answer the questions about NH and Maine shore land protection acts or answer the questions about Maine’s 30 % expansion rule? Do agents that don’t work on lakes even know there is a 30% rule?

My Point is, our seller clients ask us to represent them in what sometimes is one of the largest real estate sales in their lifetime. Selling a property that has been in their family for generations and has great emotional meaning to them, and we are just handing out the keys to agents and buyers. Without us there representing the sellers, it leads to dozens of unanswered questions that arise from the showing as well as perhaps a door left open, lights left on or the worst…..fluffy the cat got out!

With the busy schedule of real estate agents trying to balance showings and appointments during a busy market, it is understandable the use of lock boxes frees up the schedule book, however, does it best serve our selling clients or us as agents?

Dino A. Scala

Hayes Real Estate