Knock Home Swap EXPLAINED: Buy Your New Home Before Selling Your Old One - Knock Home Swap

Knock Home Swap EXPLAINED in simple English!
Knock is a legitimate business that offers loans to home buyers and sellers.
Knock's Home Swap lets you make a competitive, cash-like offer on a new home before selling your old one.

So many people are contacting us to help them buy and sell their homes and WE LOVE IT! Honestly, if you are moving or relocating anywhere in the country, we can make that transition so much easier on you!!

00:00 Intro to Knock Home Swap
01:14 About selling and buying home
02:54 How Does Knock Home Swap Work?
05:53 About Paying Two Mortgages
06:32 Is it possible to purchase a new construction via the home swap?
06:53 Is the home swap applicable to condos and townhomes
07:07 Will the house be accepted into the knock-home spot for the knock-home swap
07:35 Why do consumers love knock home swap?
08:02 Reviews of the knock home swap
08:34 Impression

Most people sell their current home at the same time as buying a new one forming a property chain. Selling before you buy another home has risks but it can also have great advantages. As a homeowner who's thinking of making a move, it's natural to wonder about how to buy a house before selling yours.

When you sell before buying your next home, it puts you in a stronger position as a buyer. If you do sell before you buy, make sure as many things as possible are organized beforehand such as getting your mortgage pre-approved so you can buy quickly.

Knock is a technological firm that develops revolutionary home loan solutions such as the knock home swap which allows customers to buy a new home without having to sell their old one on the market first and they can use their favorite real estate agent.

What if you could buy a new home before selling your current one? This is a common problem that can be stressful. But I have a great solution. It's called Knock Home Swap. With this service, you can buy a new home without having to sell your old one first.

With the Knock Home Swap program, you can buy your dream home before you sell your old one. This way, you don't have to worry about missing out on the perfect home because someone else buys it first. Some of the key benefits to the Knock Home Swap program include convenience - you can buy a new home without having to sell your old one first, or at the same time.

Plus, you get to skip living through home prep and showings. You will be pre-approved for a mortgage, so you can put down a strong offer on your dream home. You will pay the new mortgage and Knock will cover the old mortgage.

And, you only have to move once, which saves on rent, closing costs, and moving costs. You can sell your old home faster if you prepare it well. They will give you up to $25,000 to help you prepare your home for sale. This will make sure that you get the best price possible when you sell.

Hello everyone! Welcome to another The Home Squad new episode where Mark Raumaker going to show you how the knock home swap works. So let's explore it first and subscribe to this channel.

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A B O U T U S-
The Home Squad is a Superhero Real Estate Team. Our mission is to provide forward-thinking service and an exceptional real estate experience. Buying and selling a home can be stressful, tiring, and overwhelming, but not with The Home Squad!

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[KingPrime]

Working with knock has been a complete disaster for my family. We were pre-approved on June 18th. Here’s a quote that’s copied from the email I received “Your pre-approval letter is attached. This reflects a purchase price of up to $425, 000 with a 20% down payment. We estimate that this scenario will not require you to bring any of your own funds to the purchase of your new home.” It seemed like every other day after that I was asked to provide some type of document. In a lot of cases it was documents that I had previously provided and some documents were being asked for so late in the process that it was obvious that the people working my case were unorganized at best. Here’s just a couple of examples. On July 20th, (6 days before when we should have been closing) I was asked to explain in a signed letter if there was damages to the house during a storm that happened in April. On July 22nd I was asked to send a signed letter to explain things like a $300 Cash app deposit that I received as a wedding present and a venmo transfer that my wife sent me to help pay for the earnest money. These request come often. It’s become a part of my morning routine to wake and see what Knock needs today. I was also asked to provide 2 months of bank statements and my earnest money information on July 22nd, all of which had been provided weeks ago on multiple occasions (May statement over a month ago). When my concerns about documents being asked for late in the process grew, I decided to contact a manager, Chris Quin. He and I talked and he agreed that some of the things I were going through was not right and informed me that because I’m moving to a new town as a teacher and will not have a paystub from my new school district that this was causing issues, but later in the conversation reassured me that it was going to be fine because of the contract I provided. We were supposed to close on our house on July 26th, however on July 22nd I was told that they would need an 11 day extension (after they reassured us that we were on schedule) along with a bank statement showing that I have 13 thousands dollars, some as reserves, some to bring to closing. We don’t have anywhere near that much money in reserves and Knock knows this. I was told that it was because my credit card usage has increased and the cost of our home that we’re trying to sell decreased. Our credit card utilization has actually decreased since we joined knock, and our loan advisor reassured me that our price decrease of our house would not be a problem. If we would not have received this reassurance, we would have kept the price the same and taken a different strategy like staging the house. He told me that instead of paying 20% of the down payment we would be able to pay 10% and some of the other money would be used to pay off debts. This all changed right before our closing date. Our realtor has called and left numerous messages for updates throughout this process because she too was concearned about how late Knock was asking for certain documents. She has NEVER received a call back. She ended up sending the title and contract to 3 different people, due to the lack of professionalism on knocks behalf. The sellers of the house that we were trying to purchase needed the money two days after our original closing date of July 26th. On July 28th, they decided to just keep our earnest money and rent their house out. I’m a teacher. I’m not loaded for cash. We’re in a new city with no place to live and down over 5k in cost due to earnest, option and appraisal cost. We’re going to have to ask for gifts to have the money to go towards new earnest money. After taking a couple days away from knock, my realtor tried to reaching out to try to fix all of this and move forward. On Friday, July 29th, we received an approval for 400k, not pre approval but clear to close! Just to find out days later that our loan advisor and loan processor no longer worked for the company. No one had even told us. We just had to keep reaching out to Knock constantly. After being assigned a new advisor, I aired my frustration to her and asked for her to have Chris Quin reach back out to me. After talking to her, she basically told me that he asked her to deal with it. Now they are asking us to start the process with Knock all over as if it’s day 1. Working with knock has been the worst decision of my life.