Knock Expands to Detroit, Giving All Buyers the Power of a Cash Offer

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2021-11-04

NEW YORK, November 4, 2021 / PRNewswire / – Hit, the fast-growing digital home ownership platform that turns all buyers into cash buyers, today announced that its innovative home loans that bring security, convenience and lower costs to buying and selling. the sale of houses are now available in Michigan for the first time. As of today, buyers of Detroit, Ann arbor, Flint and Monroe subways can use Knock Home Swap and Knock GO ™ (guaranteed offer) to eliminate financing contingencies on the home they want, giving them a leg up in the boiling housing market and more control over their plus big financial transaction.

Knock makes buying and selling homes safe, convenient and profitable by turning all buyers into cash buyers.

So far this year, Knock has expanded to 51 additional markets and now serves homebuyers in a total of 69 markets in 14 states nationwide.

“With fewer homes available for sale and those selling quickly, it’s a tough time to be a buyer, so we’re excited to donate Michigan home buyers a new way to compete and win in today’s competitive market, ”said the co-founder and CEO of Knock. Sean Black. “Knock Home Swap and Knock GO ™ both offer the power of cash and are suited to the way consumers today shop with their phones and agent by their side. The Home Swap offers consumers homeowners the ability to buy first and sell later, and Knock GO ™ gives first-time homebuyers the certainty of guaranteed closing and appraisal protection. “

With the Knock Home Swap, a homeowner is pre-funded for a competitively priced mortgage and interest-free bridging loan, which covers the down payment on the new home, home preparation, and up to six months of mortgage payments on the home. the old house. Home Swap customers can sell their 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 1.2, Home Prep Concierge, and offer to back up 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 homebuyers and others who don’t have a home to sell, Knock GO ™ combines a conventional, competitively priced back-to-back mortgage with a closing guarantee and appraisal protection, giving buyers and their agents the opportunity 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 agents from five leading local brokerage firms to bring its innovative mortgage solutions to homeowners around the world. Southeast Michigan, including Perna Group Real Estate Agents – Keller Williams, Keller Williams | Jeff Glover and Associates Realtors, The Integrity Team and Keller Williams Paint Creek, Weichert Realty Sainte-Claire Shores and House desire Immovable.

“My goal is to provide the best opportunities and tools for my agents to serve their clients at the highest level. Partnering with Knock does just that. It allows our agents to reduce stress and uncertainty for our clients. ‘being in a double payment situation while holding two mortgages, or worse, selling their home and not finding one. Hitting is a game-changer,’ said Michael perna, CEO of The Perna Group Realtors – Keller Williams.

Nationally, Knock Home Swap and Knock GO ™ are available from 270 real estate brokerage firms with more than 107,000 agents in approximately 5,200 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 Housing Lender. For licensing information, visit: www.nmlsconsumeraccess.org.

2Thermal baths and conditions of application. See https://knock.com/closing-guarantee for more information on the on-the-fly close guarantee.

3Thermal baths and conditions of application. See knock.com/garantie-offre/termes for more information on the Knock GO ™ (Guaranteed Offer).

About hitting
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 69 markets nationwide and plans to have a presence in more than 100 markets by 2023.

Contact: [email protected]

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