Agent-to-Agent Closing Courtesy

While the Seller is busy passing house keys, garage door openers, etc. to the Buyer at closing, the Buyer’s agent often is transferring something to the listing agent, representing the Seller: ┬áthe listing agent’s lockbox (no, the correct answer isn’t, “a flask of whiskey”).

closingAs a courtesy, Buyers’ agents will often ask if — at the conclusion of the Buyer’s walk-through inspection — the listing agent wants them to remove their lockbox and bring it to closing.

That saves the listing agent one last trip to the home — doubly appreciated when they may be scrambling to review the final closing numbers and do any other last-minute, pre-closing prep.

Creative Lockbox Placement

In this case, the lockbox (mine) was attached to a bike chain, which in turn was looped around a column in front of the home (I’d bike lockplaced it there because the front door handle had an open loop, meaning the lockbox could be easily slipped off*).

The Buyer’s agent brought both items to closing, which went smoothly and uneventfully.

Thanks, Rebecca!

And congrats to the Sellers, Mike and Shanna, my terrific(!) clients, and their Buyer, Laurie.

*While I’ve seen lockboxes simply placed on the ground near the front door, I certainly wouldn’t risk it, especially in the city.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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