How You Can Buy A New Home Now, Selling Your Existing Home Later

I always tell my clients "where there is a will, there is a way." And now Knock Home Swap is giving homeowners a way to make offers without the contingency of selling their existing home. This is not a gimmick, it's a real thing!

Buying a home in this market has its unique challenges. Only a few years ago, if you found your “dream” home, you could make an offer contingent on selling your existing home. The past 2 years have changed dramatically and now contingent offers rarely if ever get accepted.

There is now an outstanding solution for that and it is called Knock Home Swap. It allows you to make an offer on a home without having to sell your existing home first. Too good to be true? I am a Certified Knock Agent and after going through the training I found this program to be extremely transparent. It was well vetted and I spoke to other agents across the country who have used this program with great success.

So here is how it works.

Qualifications of the program. Below outlines the criteria that must be met. Fort Collins and Denver are in the Knock market!

Is Knock Home Swap a lender? Yes.

Instead of connecting you with a traditional lender, you would use Knock Home Swap as your lender and I would be your REALTOR® throughout the entire process.

With Knock Home Swap, they will get you underwritten for a new home loan including down payment assistance if needed, so you can start making offers fast. See how their fees work below.

The only fee different than a traditional lender is the Convenience Fee of 1.25% and there is no origination fee. That fee is exactly what it states, it affords you the convenience to buy a new home now, move in and sell your old home later. They will cover your old home mortgage payment up to 6 month with 0% interest. Knock can provide assistance with the down payment, up to 20% based on the equity you have on your current home as well as an Equity Advance Loan at 0% interest to make any needed update and repairs before selling your home. You pay back dollar for dollar, no additional cost.

What is the Equity Advance Loan?

Leverage a portion of the equity in your existing home to empower you to buy now. 0% for 6 months and the underwriting is on the existing home. A portion of the equity advance loan must be used to cover mortgage payments on your old home until it sells. This helps to keep you from paying 2 mortgages at once. And remember, it is a 0% loan! From there, you can use all or as little of the $25,000 as needed.

See below the list of what those funds can be used for.

The Benefits Of Using Knock Home Swap

• Allows you to make an offer on a home without having a contingency of selling your existing home.

• You can move out, do repairs (option to use Knock Advanced Equity for repairs) and list your existing home without having to work around showings, shuffling kids & dogs out because you will have already moved into your new home. Makes it a show and go listing!

• Can use advanced equity to cover an appraisal gap in an offer.

• With Knock Home Swap you will be in your new home, settled before having to list your existing home which alleviates stress.

What is the first step?

Call or email me to find out if your home qualifies. I can submit the information or you can submit your information securely via the Knock Home Swap app that I will share with you. It will instantly alert you if it qualifies. The only initial information needed is the current mortgage balance, address and what your home would sell for (I can help with that!)

Email For More Information