Knock Brings Innovative Home Loan Solutions to Baltimore, Providing All Home Buyers with the Power of a Cash Offer | national news
NEW YORK, December 16, 2021 / PRNewswire / – Hit, the fast-growing digital home ownership platform that turns all buyers into cash buyers, today announced that Baltimore buyers and sellers can use Knock Home Swap and Knock GO ™ (guaranteed offer) to eliminate all eventualities related to financing and selling the home they want, giving them an extremely advantageous home market. competitive today. With today’s launch, Knock’s innovative mortgage solutions are now available in 70 markets nationwide, up from 14 at the start of the year.
Baltimore buyers and sellers can use Knock to eliminate all possibilities of financing and selling homes
“If you’re lucky enough to be one of the 1% of the population who can afford to buy your new home before you sell or make a cash offer, the process is pretty straightforward. However, for the remaining 99%, buying and selling a home is an incredibly painful process, especially in today’s low-inventory, multi-bid housing market, ”said the co-founder and CEO of Knock. Sean Black. “Our mission at Knock is to bring certainty, convenience and cost reduction to the real estate transaction, allowing everyone to realize their dreams of stress-free homeownership.”
With the Knock Home Swap1, a homeowner is pre-funded for a competitively priced mortgage and interest-free bridge loan, which covers the down payment on the new home, home preparation, and up to six months of mortgage payments on the old home. Once settled into their new home, Home Swap customers can sell their old home on the open market for the maximum sale price without having to live on repairs or visits. They also receive Knock’s 30-day close-out guarantee., 2, Home Prep Concierge, and offer a backup on the old home in the unlikely event it doesn’t sell within six months. Ninety-eight percent of Knock homes sell in 90 days or less, and 90 percent sell in 30 days or less.
Designed specifically for first-time buyers and others who don’t have a home to sell, Knock GO ™1 combines a conventional, competitively priced back-to-back mortgage with a closing guarantee and appraisal protection, giving buyers and their agents the ability to make an offer that will stand out from other offers. Knock GO ™ is backed by the company’s guarantee that it will fund the loan in the event that it is not 100% clear to close in 30 days and will help make up the difference between the sale price and the appraised value of the loan. the House3 no additional cost.
Knock partners with HomeSmart to bring Home Swap and Knock GO ™ to Baltimore.
“We are delighted to expand our relationship with Knock in the North East,” said Carol Perry, Director of Business Development, HomeSmart. “Knock Home Swap and Knock GO ™ give our agents and their clients a competitive edge when it comes to buying and selling homes. The ability for homeowners to buy and move to a new place where they can feel at home, before preparing and listing their existing home. for sale, has been a game-changer for all parties involved, especially in these current times. We continue to grow our footprint across the country and our friends at Knock are doing the same.
Nationally, Knock Home Swap and Knock GO ™ are available from 285 real estate brokerage firms with over 111,000 agents in approximately 5,500 postal codes nationwide. Homebuyers can also learn more and see if they qualify for the Knock Home Swap or Knock GO ™ at knock.com.
1Mortgages offered by Knock Lending LLC. NMLS 1958445. Equal lender for housing. For licensing information, visit: www.nmlsconsumeraccess.org.
2Baths and conditions of application. See https://knock.com/closing-guarantee for more information on the on-the-fly close guarantee.
3Baths and conditions of application. See knock.com/garantie-offre/termes for more information on the Knock GO ™ (Guaranteed Offer).
Knock makes buying a home easy and safe by turning all buyers into cash buyers and giving them full control of the process from their phones. Knock’s flagship product, Home Swap ™, allows consumers to buy the home they want before selling the home they own, so they don’t have to live on repairs or visits. Knock GO ™ (Guaranteed Offer) is a cash-backed home loan solution for first-time homebuyers looking to compete in today’s vibrant housing market.
Launched in 2015 by the founding members of the Trulia.com team, Knock has collected over $ 600 million in debt and equity from leading investors including RRE Ventures, Foundry Group, Redpoint, Greycroft, Corazon Capital, Correlation Ventures, Great Oaks Venture Capital and FJ Labs. The national association of real estate agents®, through its investment arm Second Century Ventures, is a strategic investor in Knock, empowering its 1.5 million members to market Knock homeownership solutions to their clients. Knock currently operates in 70 markets nationwide and plans to have a presence in more than 100 markets by 2023.
Contact: [email protected]
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