With Knock, you get the certainty of buying the new home you want first and then selling your old one. Here's how the process works from start to finish.
Find Out if you're eligible for the Home Swap in just 3 minutes at Knock.com or Through your agent. You or your agent will need to submit photos of every room in your house to the Knock team.
Once you find your dream home, you'll work with your agent to make a competitive, non-contingent offer on it - and win!
You'll get an advance of up to $25,000 and access to our contractor network so you can get your old house ready for selling. You'll manage any home prep with your agent, and work with the Knock Home Concierge Team throughout.
Next, get pre-approved for a Home Swap mortgage. Knock will check your credit and verify your debts, assets, income, and supporting documents to determine your purchasing power. You will be assigned a dedicated Mortgage Loan Advisor.
Once you've closed, it's time to start planning your move. You can move when it makes the most sense for you. Typically it's within 2 weeks of closing, but you and your agent will determine the best timeline.
After your home is in top condition, your agent will list your house on the open market and manage showings with potential buyers. You'll work with your agent to get your listing sold.
In as little as 48 hours upon receipt of your loan application and support documentation your Mortgage Loan Advisor will work to get you pre-approved for a Home Swap mortgage and you'll be all set to buy your new home.
Once you're moved in, it's time to get settled in your new home. You'll only pay your new mortgage. Knock will cover payments on your old loan for up to 6 months. Your agent will work with the title company or closing attorney to ensure everything is progressing smoothly.
When your house sells, you'll use the proceeds from the sale to pay Knock back for any costs covered during the process, plus regular closing costs. It's that simple. You'll work with your agent and their title company or closing attorney to get the deal to the finish line.