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.

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.

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.

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 don’t have.

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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