Electronic Lock Boxes Provide The Best Security for Home Sellers.
Lock Boxes are a critical component in the home showing process. Realtors set an appointment with the listing real estate agent and use the code provided to access the house key in the lock box so they can show their potential buyer a house.
The majority of Realtors in the Denver Market use traditional combination lock boxes purchased at Home Depot or Lowes. These lock boxes typically feature a combination numerical or alphabetical code specified by the listing real estate agent. Although the code can be changed at any time, it does require dismantling the lock box to change the code.
Often, a real estate agent will rarely change their lock box codes. In fact, many real estate agents have used the same code for years on 1 or all of their lock boxes. This poses a potential security risk for home sellers. The same lock box combination code obtained for a showing can be used at any time to access the home by anyone who has the code.
The traditional lock boxes cannot provide a record of who accessed the lock box and when it was accessed. This is an additional security risk to the owner because access to their home cannot be verified.
Fortunately, there is an alternative to traditional combination lock boxes.
Here at The Tom Gross Team we provide each of our home sellers with a secure electronic lock box. The electronic lock box requires a unique individual code for each confirmed real estate agent’s scheduled showing. The wireless system provides a record of when the lock box was opened by the assigned agent.
The agent’s code is only valid for one day and we have individually programmed each of our electronic lock boxes so the code expires 90 minutes after the lock box is initially opened. This prevents the real estate agent (or their buyer) from returning to the house after the showing.
Denver Channel 7 recently featured a story regarding this potential security issue.
As the Denver Channel 7 story noted, the electronic lock boxes are far more expensive than the traditional combination lock boxes. Also, electronic lock boxes are more complex and require an annual service agreement and fee.
Realtors in Denver have been slow to adopt this security technology for their clients. Before you agree to have a lock box installed on your home consider the benefits of an electronic lock box.
If you have any questions or would like more information about the Tom Gross Team or our electronic lock boxes give me a call at 303-591-2116. I would be happy to answer your questions or discuss your real estate plans.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kentwood Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
1. This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Listing data feed last updated on February 24, 2018 at 10:08 pm UTC+0000