Buyers in 65 markets can now look to Knock for a competitive home loan to make an unconditional, fund-backed offer to win their dream home
Posted: October 4, 2021 at 3:57 am MDT|Update: 1 hour ago
NEW YORK, October 4, 2021 / PRNewswire / – Hit, the rapidly growing digital home ownership platform that brings security and convenience to buying and selling homes, today announced the launch of Knock GO ™ (Guaranteed Offer), its innovative solution mortgage loan backed by hot housing market. With Knock GO ™, homebuyers in 65 markets across the country can now make an unconditional, money-backed bid to win their dream home with the added assurance that Knock is here to close the gap if the valuation is lower than the sale price.
Knock GO ™ Boosts Conventional Home Loan with Cash Backed Closing Guarantee and Appraisal Protection
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 finance 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 value. estimate of the house1.2 no additional cost.
“In today’s housing market, many buyers lose their dream home to offers that forgo financing, appraisal and other contingencies. Buyers and sellers need to be assured that their deal is going to go through, and Knock GO ™ offers the certainty that it will. Knock co-founder and CEO said Sean Black.
Founded in 2015, Knock’s flagship product, Home Swap ™, gives homeowners the certainty of an unconditional offer to buy the home they want before selling the home they have for the best price, giving them the convenience of not having to live through repairs or tours or sell to investors at a discount. With the introduction of Knock GO ™, Knock is expanding its reach to all home buyers, whether they are looking to buy and sell or just buy a home.
Similar to Knock Home Swap ™, Knock GO ™ is a fully digital experience available from over 250 leading brokerage firms with over 100,000 agents in 65 markets nationwide. Homebuyers can also learn more and see if they qualify for a Knock GO ™ home loan at knock.com/go.
Hit mission is to make home ownership simple and safe. Whether you are a homeowner looking to buy a new home before selling your current home or a first-time buyer, Knock offers a fully digital end-to-end solution that brings security, convenience and savings to the often stressful and complicated process. of home ownership. The Knock Home Swap ™ allows a customer to buy the new home of their dreams before selling the old one. Knock GO ™ (Guaranteed Offer) gives homebuyers the best features of a cash offer in a competitive home loan to earn the home they want without paying more.
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 65 markets nationwide and plans to have a presence in more than 100 markets by 2023.
1Thermal baths and conditions of application. See knock.com/garantie-offre/termes for more information on the Knock GO ™ (Guaranteed Offer).
2Mortgages offered by Knock Lending LLC. NMLS 1958445. Equal Housing Lender
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