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Santiago Ken…, Real Estate Pro in Chicago, IL

A couple of Realtors told me that properties in a sentri-lock take more time in the market because restrictions with showings

Asked by Santiago Kensel Sanchez, Chicago, IL Sun Mar 23, 2014

I notice that some of the properties in Sentri-lock have lot days on the market
Can be this related that some agents avoid to show these properties? I hear that some comments agent are doing this after new regulation with Sentris
I will appreciate comments, because I am thinking in buying a Sentri box but very concern about agents avoiding showings because restrictions

Estaban pensado en comprar un Sentri -lock , pero debido a los ultimos comentarios de varios agentes , tratando de evitar ensenar properties in Sentri , me hace pensar 2 veces en comprar una para mis listing
Agradeceria comentarios

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Answers

8
If an agent avoids your listing because they are too lazy or cheap to operate a sentri lockbox and the accompanying card/app then you should report them.

What is best for their client, not them, takes precedent.
0 votes Thank Flag Link Mon Mar 24, 2014
REPORT THEM!!!! On what basis?
If I don't work the short sale market, it tell my buyers, 'Sorry folks, this is an exercise in frustration, if you want to chase those vapors you need another agent."

That means I WILL NOT SHOW A SHORT SALE. Am I to be 'reported?'

Not all licensed agents are REALTORS. They do not have the electronic key. Are the to be reported?

Some may choose to not troll Zillow or FSBO or Craigslist for homes for sale to show their buyers. Are they to be reported?

Then comes that tricky little thing about proving an act of omission.

What happens when...Zappro, and Snapper and Nationstar and BofA and HUD and they all have different access methods that require membership....is the agent to be 'reported' if they choose not to join?

I would counter that those agents and broker you elect to use alternative access methods should be reported for selectively denying buyers access to this real estate. REPORT THEM!
Lazy and cheap. Those are shameful accusations.
Flag Tue Mar 25, 2014
I actually get a better number of showings when I place an electronic lock box on a property.

Miami or Chicago, it is absolutely inadmissible that an agent in today's market does not have all the necessary tools to stay in business.
0 votes Thank Flag Link Mon Mar 24, 2014
Things we know to be true.
Properties that are easy to show get shown more. That's hard to argue with.
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When I take out a client the first time, and a first meet, I always line up the vacant homes first. They are EASY to SHOW! Makes it easier to judge the buyers requirements.
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When a call is required, if the listing agents does not respond quickly, it OFTEN does not make the show list. That CBS code can be a impediment.
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Sorry Christopher, if my buyer is unwilling to compensate to my minimal compensation level, those discounted properties are OUT! Many buyers are unwilling to dig into their pocket to supplement the deficit the seller created. This is a business, not a hobby. You however are free to do what ever you want.
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FSBO does not want to compensate above market rate and buyer unwilling to make up the difference, they are off the list also. It's a business, not a hobby.
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If your listing is at 1.5%......well, it's a business, not a hobby.
0 votes Thank Flag Link Mon Mar 24, 2014
I hear you when it comes to the buyer and extra commission. I appreciate that you value your time as we all should. My personal feeling is that it doesn't happen that often and if it does I will deal with it because that buyer could be a main source of referrals down the road. Have a great day ;o)
Flag Mon Mar 24, 2014
What I find is that not every agent has a sentri-card so they would have to be issued a one day code. Any agent that doesn't show a property because of a specific lockbox they shouldn't be an agent at all. We are supposed to put our client first. I'm tired of hearing about agents that won't show because of low commission split or some other ridiculous reason.

The boxes are great for keeping a log of who comes in the home etc. The one down fall I see is the battery dies and that can prevent a showing, it's happened to me as a buyers agent.

Chris
0 votes Thank Flag Link Mon Mar 24, 2014
It is the most common type of lockbox used in the suburbs and requires a magnetic card to enter or to be able to download the app to your phone to enter, I think you can only get the cards through a Realtor Association. Our Board (Mainstreet) just discontinued 1 day codes, so it is forcing Realtors people to get the cards and maybe also have a back up lock box for contractors or agents without the security cards. If you like fiddling with technology and want a high degree of tracking, you may like the system, until the batteries fail and a buyer's Realtor can not see the home. A combo box is simpler.
0 votes Thank Flag Link Mon Mar 24, 2014
Hi Santiago,


i am not sure what is happening in the Chi but the Sentrilocks may a property easier to access. plus, it also tracks who enters the property.
0 votes Thank Flag Link Sun Mar 23, 2014
I agree with Kinga. Also, properties get shown if it is marketed and price well. Sentrilock isn't going to stop people from showing the home. Instead it should make it more convenient for both agents for scheduling. And most buyers and buyers agents don't feel comfortable talking about the property in front of the listing agent. And its tracking feature makes it more safe for the property owner.
0 votes Thank Flag Link Sun Mar 23, 2014
I did not see that at all, I use always Sentrilock on properties that are occupied by owner or tenant, it is the safest way to use it. If agents wants to show a property, he will find a way to show it, why would he/she avoid showing if inventory is low already and multiple offers on priced well homes.
0 votes Thank Flag Link Sun Mar 23, 2014
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