Not too long ago, most homes priced under $750,000 offered lockbox access. While showing homes in Pasadena, I am coming across more and more that are shown by appointment only. Why this new trend, are lockboxes out of style?
Lockboxes have evolved and the ones currently in use by most Los Angeles Realtors are high tech and high security. Only authorized keyholders can open a lockbox. Both the lockbox and the internet site document access, noting which real estate agent showed the property, the time of their showing, and their contact information.
The real estate market has evolved to an extremely strong seller’s market. Last-minute showings no longer inconvenience home sellers. They schedule open houses and showings in advance, and offers come in quickly.
On the flip side, for home buyers with limited availability it can be tough. If you have busy weekends and cannot attend the broker’s tour date, there will be homes that you simply won’t have the opportunity to view.
Are lockboxes out of style? For many owner occupied homes they are. The real estate market is constantly evolving and it’s a strong seller’s market.