lockbox
Lockbox Use in Sacramento Real Estate
Lockbox Use In Sacramento Real Estate Lockbox use in Sacramento Real Estate is not as simple as you may think. Recently, we had a lockbox on a listing that was set up to use, as per the seller’s signed instructions. The buyer’s agents were to send in prequalification and proof of funds before booking an appointment. To add an extra layer of security, I use what is called a CBS code. This code, which is the secondary access code that an agent needs to access the lockbox. This code is not given out until after the necessary paperwork is submitted. You might be wondering why we have to go to all these extreme lengths with agents regarding block boxes? The truth of the matter is some agents skim over showing instructions. The important thing to remember is this is the seller’s home, and therefore, the seller has complete control over how access is provided for showings because their home is on the market. The guidelines are not as strict when the listings are vacant homes. If an agent does not follow the MLS showing instructions, it can be an MLS rules violation within Metrolist. It is a position of trust to have a key to a seller’s home, a responsibility we don’t take lightly. However, you would be surprised if you saw how many emails, texts, and voicemail messages we have to leave after agents who do not follow the guidelines. Then they often think that they have a showing appointment when it clearly says they do not until the showing is confirmed. There is a new app on Metrolist called Showing Time, and this has been a great service. Agents can log on to the different time slots that the listing agents make available. Then, they can instantly book the appointment for their tour as long as they follow all the extra instructions that come along with it. This is sort of like self check out. Like any tool, it is only as effective if they follow instructions. When an agent accesses the lockbox and has the key, it is only in her possession. She is not allowed to share the key with someone else. When leaving the showing, if another agent is waiting, she cannot hand them the keys. She must put the key back in the lockbox. The next agent must access the lockbox; that is the only way to track everyone going into the house. Things can happen innocently where someone didn’t intend to cause any harm but did not realize their actions could, in fact, cause harm. Though we are members of the Metrolist many agents, have not even read the MLS rules. The rules are available online as well as a booklet can be obtained. Professional Realtors take the extra time to learn whatever they do not know. If you want to hire Realtors that are very careful with your house keys and work hard to keep the security on your home safely in place, then call Weintraub & Wallace Realtors. You can reach us at 916-233-6759. Our brokerage is RE/MAX Gold in Sacramento. JaCi M. Wallace
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The Realtor Takes Keys After Showing the Listing
On our Natomas listing, the Realtor takes keys after showing a listing. Can you believe it? Our lockboxes register the time and the buyer’s agent’s contact information. An agent called me 15 minutes after that last Realtor showed it. She said the lockbox was open and no key was in it.
We immediately looked online found the previous agent who showed it and she had taken the key. I called and asked her to please bring it back asap as an agent was at the property waiting to show it and could not get in. Her excuse was that the buyer had handed her all of her keys and she must have gotten them confused. This is why we have vendor boxes on the property as a back up for an extra key.
When I tell people these things can happen at my listing appointments, the sellers are shocked that this goes on, but alas it does. The fact a Realtor takes keys after showing a listing is just one of the things we carefully coach sellers on as to why we ask for multiple keys.
If you want to sell your property, call Weintraub & Wallace Realtors with RE/MAX Gold as we answer our phones and respond immediately to our listings. We can be reached at 916-233-6759.
— JaCi Wallace
Why Agent Feedback is Crucial to a Sacramento Agent
One of the services I provide for my sellers are listing updates with agent feedback. Nobody wants to list her home for sale in Sacramento and then hear nothing back whatsoever from her Sacramento real estate agent. A seller who never receives any communication from her agent might think her agent isn’t working on selling that listing, when little could be further from the truth. The agent could be working her tail off but just not pulling up any buyers. Some agents think if they have no news or no good news, then a seller doesn’t want to hear about it, but a seller wants to know everything.
Every night, before I leave my home office — way before my husband starts hollering at me to turn off the computer because dinner is ready — I check my home showings for the day. Each lockbox has a serial number engraved on it, which I register for each listing. As a result, I can lookup an online report to see who has accessed my Weintraub listings. The report tells me:
- The time the agent opened the lockbox to get the key
- The name of the agent’s broker
- The agent’s email address
- The agent’s office number
- The agent’s cellphone number
It’s also a helpful report if an agent has accessed a pending listing that should never, ever, be entered without express permission from the listing agent. Yet, some buyer’s agents will not bother to read MLS showing instructions or they figure the listing is vacant so it doesn’t matter. It does matter, and this Sacramento real estate agent will follow up to get agent feedback. My sellers deserve it. This is why in some areas of Sacramento where this kind of unauthorized activity is notorious, I might suggest a seller not allow a lockbox or I might remove it when the homes moves into pending status.
Every night I email agents for agent feedback to ask what their buyers thought of the home they toured that day. I offer my assistance. I try to find out if the agents have any questions or if their buyers have questions. I’m looking for positive and negative feedback, because my seller wants to hear all of it. And then I send the feedback to the my seller, even if it’s feedback I am afraid my seller might not want to hear.
Based on the agent feedback, we can make adjustments, if necessary, to the listing. It’s not always the sales price, either. You can bet that I will take a positive feature and run with the benefit when buyers gush over it. If there is a negative aspect, I’ll offer a solution.
If you want to buy or sell a home in Sacramento, call your Sacramento real estate agent, Elizabeth Weintraub at 916.233.6759, Lyon RE. Put 39 years of experience to work for you.