Sellers are usually uncomfortable with a lock box

Privacy or respect of it is one of the biggest motivating factors with sellers when choosing to use a professional auctioneer over a realtor.

Why on earth would someone want 10,000 people to have 24 X 7 access to their home? I could start on lock box horror stories but y'all have heard those before.

My question is how can someone make a 1/4 million to 1/2 million dollar decision on a home that has not been appraised and inspected prior to being placed on the market?

We usually have the inspection completed, appraisal, aerial photographs, 30-second video spot, interior / exterior photos, seller disclosures, contracts and more posted on our website before a sign goes up in the sellers yard..

http://auction.reauction.com/cgi-bin/auction/view?cmd=view&listingID=449

In this slow or as realtors now say "challenging" market a lockbox removes all sense of urgency for a buyer looking at a property.

Auctioneers are marketers and we only show a property twice before auction day usually for two to three hours requiring everyone who is interested to show up at the same time.

When was the last time you previewed a property with a steady flow of people who registered at the door (or are refused admittance) and were given a personal inspection of the property with a minimum of one to three other groups inspecting at the same time?

For me it was last Saturday.

So what is the reason for using a lockbox again?

The saddest words in the English language are "because thats the way we have always done it..."