Fast-growing real estate technology company, Knock, is partnering with 10 local brokerage firms to bring the Home Swap to homeowners throughout the Chicago metropolitan area. Consumers with Swap Home are able to make stronger non-contingent offers that empower them to buy and move into their new home before they list. This way homeowners are able to avoid repairs, open houses, and other added stressors.
Knock Home Swap offers homeowners an end-to-end solution with a competitively priced mortgage and interest-free bridge loan, which covers the down payment on a new home and up to six months of mortgage payments on the old house.
“The Knock Home Swap gives our clients more freedom, flexibility, and a leg up in a fast-moving market. It also provides a refreshing option for those financing their next home purchase that otherwise did not exist in the Chicagoland market," said Scott Parker, vice president of sales and marketing, John Greene Realtor.
"A majority of today's home sellers are also home buyers,” said Knock Co-Founder and CEO Sean Black. “So while they are benefiting from record home prices and quick sales, they face unprecedented competition and uncertainty when it comes to buying their next home. The Knock Home Swap provides an end-to-end fully digital solution that empowers homeowners to unlock the equity in their current house so they can buy and settle into their new dream home before listing. They avoid the hassles of a traditional sale and have the advantage of selling on the open market for the maximum price.”
Homeowners can qualify for Home Swap and shop for a home on their mobile device. They additionally have the advantage of waiting until moving into their new home before listing their old home on the open market. Now sellers don’t have to sit through repairs or show their house at anything less than full value.
Knock is partnering with 10 brokerage firms, including Century 21 Affiliated; HomeSmart Realty Group; John Greene Realtor; Kale Realty; Keller Williams Momentum; Keller Williams ONEChicago; Keller Williams Preferred Realty; RE/MAX Mi Casa; RE/MAX Next and Worth Clark Realty.
See Knock Closing Guarantee for more information regarding the Home Swap.
