Your house may be eligible for the Knock Home Swap. With Knock, you can swap the house you have for the house you want.
Your house may be eligible for the Knock Home Swap. With Knock, you can swap the house you have for the house you want.
How it works.
Unlike traditional home sales, where you can miss out on your dream home while waiting for your current house to sell, the Knock Home Swap gets you into your new home first.
- Get Pre-Approved
With Knock, we’ll get you fully underwritten for a new home loan including down payment assistance so you can start making offers fast.
- Buy Your New Home First
Put down a winning offer on your dream home and move in right away. You only pay your new mortgage while we cover your old one.
- Then Sell Your Old House
Knock will pre-pay up to $25,000 to get your old house ready for listing on the open market so it sells fast for top dollar—it’s that simple!
- Get Pre-Approved
Work with a Knock Certified Agent and consider the amazing benefits and conveniences of the Knock Home Swap program.
Work with a Knock Certified Agent and consider the amazing benefits and conveniences of the Knock Home Swap program.
Get convenience, certainty & cost savings.
Consider the amazing benefits and conveniences of the Knock Home Swap program. With it, you can:
- Buy a new home before selling your current one.
- Move in and pay only one mortgage.
- With Knock, you only have one mortgage payment. You can move into your new home and get settled before listing your old house.
- Then sell your old house for the best price.
- Get top dollar for your current house with up to $25,000 in home prep costs covered upfront.
- With a pre-approved new mortgage from Knock, you don’t have to wait to make a winning offer on your dream home.
1. Get Your
New Home Loan
GET PRE-QUALIFIED
Find out if you’re eligible for the Home Swap in just 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.
BEGIN PRE-APPROVAL
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.
GET YOUR NEW MORTGAGE
In as little as 48 hours upon receipt of your loan application and supporting 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.
2. Buy YourNew Home First
FIND YOUR DREAM HOME
Once you find your dream home, you’ll work with your agent to make a competitive, non-contingent offer on it – and win!
START PLANNING YOUR MOVE
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.
ENJOY LIFE IN YOUR NEW PLACE
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 up to 6 months. Your agent will work with the title company or closing attorney to ensure everything is progressing smoothly.
3. Sell YourOld House
PREP THE OLD HOUSE FOR SALE
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.
LIST WITH EASE
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.
SELL FOR TOP DOLLAR
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.
