Since 2015, our mission has been to bring convenience, certainty, and cost savings to home buying and selling—that’s why we invented the Knock Home Swap™. With it, you can move into your new home before selling your old one.

With the Knock Home Swap, we provide you the resources necessary to seamlessly buy your new home and sell your old one. Here’s how it works:

1. We’ll get you fully underwritten for a new home loan including down payment assistance so you can start making offers fast.
2. 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.
3. We’ll advance up to $25,000 to get your old house ready for listing on the open market so it sells fast and for top dollar—it’s that simple!

With Knock, you purchase your new home before you sell your old house. When you close on your new home, you’ll pay a 1.25% convenience fee (unless you opt to roll this into your mortgage) in addition to regular closing costs. Typically, closing costs include but are not limited to: attorney and escrow fees, lender fees, taxes, insurance, title. You will also pay real estate commissions which will be determined by you and your agent. When your listing sells, you’ll simply pay Knock back for monies we advanced to you during the Home Swap Process, such as:

• Old mortgage payments covered for up to 6 months
• Any home preparation costs Knock advanced on your behalf
• Down payment assistance provided on your new home

With Knock you only have one mortgage payment. You’ll pay the mortgage on your new home, immediately building equity, while Knock helps cover your monthly mortgage payments on your old house, as agreed to in your contracts.

Before you buy your new house, Knock will issue a backup offer on your old house that goes into effect after 6 months, so you can rest easy knowing that you are covered—no matter what.

Just like a traditional home purchase, you’ll pay for your appraisal and inspection on your new house as you move through the inspection and appraisal periods defined in your purchase contract.

We get this question literally every day. There is no catch, but don’t just take our word for it. You can read 600+ five-star reviews from our customers on Zillow and Trulia.

Knock is starting with homes that match the following criteria:

• Located within our service area (we are rolling out more markets soon)
• Single-family residential homes, including condos and townhouses that can receive traditional financing
• Clear title held by the seller
• Owner-occupied or vacant (sorry, no leases)

And do NOT have the following:

• Distressed sale or bank-owned
• Unpermitted additions
• Significant foundation issues or prior water damage

Of course, there are always exceptions; so please make sure you include your circumstances in our questionnaire, or feel free to reach out to us at (866) 996-1695.

You and your agent will agree on pricing for your house. Once your Knock Certified Agent has priced your house, that estimate is then checked against our proprietary algorithm to ensure its accuracy. This algorithm incorporates the most precise online and on-site data possible—from current homes for sale and recent transactions in your neighborhood to our on-site home visit—to ensure you get the best price for your house.

For your new home, the price you pay is 100% up to you (dependent upon negotiations with the seller, of course). Your Knock Certified Agent will help advise you in the offer and negotiations process.

For your old house, you’ll sell it on the market with the assistance of a Knock Certified Agent so your house will sell for market value.

Knock’s Home Swap allows you to buy your new home before you sell your old house, but Knock doesn’t purchase your old home from you—it is sold on the open market with the help of a licensed agent.

Not necessarily. Customers could have enough equity inside and outside their house to afford the new house.

At Knock, we pre-approve our clients through underwriting prior to finding their new home. This allows us to close faster than traditional mortgage lenders. We’ll review the financial information you share with us to let you know exactly how much house you can afford. Most lenders wait to do this until your new house is under contract; Knock does it in advance to give you more buying power so there aren’t any special conditions attached to your offer.

The mortgage industry often misuses or confuses the terms prequalified and pre-approved. Pre-qualified means that just your credit—but not your supporting information—has been reviewed to verify your purchasing power. A pre-approval requires a more thorough vetting, in which a lender has verified your debts, assets, income, and supporting documents, such as pay stubs and tax returns. Not only does Knock pre-approve you as part of our normal process, we also send your file to an underwriter so you’re fully underwritten for your mortgage in advance of your new home search. This is why working with Knock allows you to close faster than traditional lenders.

With Knock, you can buy any home on the market within the price range you have been pre-approved for as long as that home is within our current operating markets

Absolutely! So long as Knock is operational in both markets. Visit knock.com to learn where we offer our services. We are growing quickly, but methodically, with plans to expand throughout the United States. If we’re not in your market yet, keep checking back as we hope to be soon!

You can absolutely purchase new construction as part of your Home Swap. Currently, we are able to assist in the purchase of inventory (already built) homes, but we aren’t able to Home Swap pre-sale or to-be-built homes.

Customer success is our number one priority at Knock. Not everyone qualifies for the Home Swap program as we don’t want to put anyone in a financially risky position. If you don’t qualify, we will provide alternative options to help.

Certain repairs are required in order to qualify for the Home Swap program. Your old house will be vacant when on the market so we’ll make recommendations for preparing it for sale that will help optimize its final sale price. Ultimately, the work agreed to and completed is solely up to the homeowner. Knock will advance up to $25,000 to prep your home for sale and you’ll pay us back when the house sells.

Absolutely! Please submit your information on Knock.com ASAP or have your Knock Certified Agent reach out to our team so we can get you qualified to buy your new home before you sell your existing house.

Just like any other real estate closing, you’ll receive required closing disclosures at least three days prior to closing. From there, the closing attorney or title company will schedule a convenient time for you to sign the closing documents. If you are closing on your old home, you will also need to bring any keys that you may have to the house. If you are unable to attend the closing in person, other arrangements may be available. On the close date, the transaction is recorded on the public record and the closing attorney distributes funds.

You’ll want to complete a final walkthrough with your Knock Certified Agent before closing to determine the home you are buying is as advertised and agreed to, per your purchase contract. Please reach out to your agent to schedule.

Of course! Knock’s Home Swap product is available to be used by other real estate agents at our partner brokerages making the Home Swap accessible to many customers (and a win-win for all involved). Frequently