Homeowners in Miami, Fort Lauderdale, West Palm Beach and other parts of southeast Florida can now buy the home they want before selling their old one, as Knock has expanded its Home Swap program to the region. Knock is partnering with The Keyes Company and The Signature Real Estate Companies to enable homeowners throughout southeast Florida to “swap” their current house for their next home.
The Knock Home Swap pre-funds homeowners for a competitively priced mortgage from Knock to buy their new home, avoiding prep work and showings while selling their house on the open market for the maximum price. The Home Swap is now available to homeowners in the three largest metros in Florida, including Miami/Fort Lauderdale, Orlando and Tampa, and a total of 14 markets nationwide.
“At Knock, we are committed to helping people move more freely,” said Knock co-founder and CEO Sean Black. “The Home Swap is the perfect product in today’s highly competitive real estate market. It provides the certainty of being able to make a strong non-contingent offer on the home you want as well as the convenience of moving before listing a fully prepped home on the open market.”
Offered through local real estate professionals who have been trained as Knock Certified Agents, the Knock Home Swap provides a fully integrated and competitively priced mortgage, an interest-free bridge loan to cover the down payment on the new home as well as mortgage payments and up to $25,000 for home prep and repairs on the old house.
The Knock Home Swap launched in Atlanta, Dallas-Fort Worth and Phoenix in July 2020 in partnership with three brokerage firms. Today, it is available in Austin, Texas; Charlotte, N.C.; Denver, Colorado; Fort Lauderdale, Florida; Houston, Texas; Miami, Florida; Orlando, Florida; Raleigh, North Carolina; San Antonio, Texas; Tampa and West Palm Beach, Florida through 60 brokerage firms with more than 35,000 agents. The company plans to expand to at least 21 markets by mid-2021.
