Skip to main content

Knock Home Swap Expands To 25 Markets

Navi Persaud
Mar 04, 2021
Knock Logo

Knock Home Swap, which enables homebuyers to get pre-funded for a mortgage to make a cash-equivalent offer on a home prior to listing their old home, is now available in a total of 25 markets. The product is now available for the Southern California markets of Bakersfield, Los Angeles, Orange County, Riverside/Palm Springs, Santa Barbara, San Bernardino, San Diego and Ventura.

"Today, five years later, homeowners have more options than ever when it comes to selling a home. However, only the Home Swap provides the ability to make a non-contingent offer to win your dream home and move before listing a house in top-selling condition for the maximum sale price," said Knock co-founder and CEO Sean Black. "In less than eight months, we've more than tripled our market coverage."

"In the midst of Coronavirus and a housing market with ultra-low inventory, many sellers are fearful about the prospects of selling their home and not being able to find a suitable replacement home in time," said Dave Corey, managing broker of Berkshire Hathaway HomeServices Perrie Mundy Realty Group and California Realty. "Knock created a solution to this problem with a platform that allows our real estate sales executives to provide their clients more certainty and even more buying power when selling and buying a home at the same time."

The Knock Home Swap includes a fully-integrated and competitively priced mortgage as well as up to $250,000 in an interest-free bridge loan to cover the down payment on the new home in addition to home prep and up to six months of mortgage payments on the old house, according to a press release

Published
Mar 04, 2021
More from
Tech
Black Knight Integrates Servicing Digital With AVM, PPE, And Loss-Mitigation Technology

Black Knight Inc., announces the enhancement of their servicing digital solution by integrating it with loss mitigation, automated valuation model (AVM), and product, pricing, and eligibility (PPE). 

Tech
Aug 04, 2021
Localize Raises $25M In Funding And Introduces Hunter, The Human-AI Concierge Service

Localize has developed an AI-driven platform to assist buyers and brokers in solving existing pain points related to the real estate market.

Tech
Aug 04, 2021
Flagstar Bank's Christy Soukhamneut To Appear On The Mortgage Leadership Outlook

The next installment in the Mortgage Leadership Outlook's Tech Stack Heroes collaboration with BeSmartee is set to feature Christy Soukhamneut, chief of staff/director of mortgage strategic initiatives for Flagstar Bank.

Tech
Aug 02, 2021
First Tech Federal Credit Union Chooses ICE Mortgage Technology’s EPPS

First Tech Federal Credit Union has chosen ICE Mortgage Technology’s EPPS to improve automation, compliance, and scalability to meet the demands of over 720,000 members. 

Tech
Jul 29, 2021
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Tech
Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Tech
Jul 22, 2021