While the recent chatter over declining interest rates has been exciting, it often tends to focus solely on purchasing new homes. What about those who are buying and selling simultaneously? Or those who rely on accessing the equity they’ve accumulated in their home? Two-thirds of individuals buying a new home are simultaneously selling their current one, and with rising home prices, homeowners are experiencing an increase in their home's net worth. On average, borrowers now sit on over $304,000 in equity, yet for many, leveraging this equity to buy a new home requires them to sell first, placing them at a disadvantage in today’s competitive housing market.
Knock has always remained steadfast in its mission to assist homebuyers by simplifying
the transition between homes, even if it requires adapting to fill gaps as the industry evolves.
By prioritizing direct partnerships with real estate professionals and lenders, Knock has redefined
its role in the industry, offering a mutually beneficial solution through the Knock Bridge Loan™.
This solution provides benefits across the board: assisting agents in helping their clients secure
their dream home with non-contingent offers, supporting lenders by offering a tool to streamline
their pipeline, and empowering homebuyers by facilitating access to cash flow, ensuring certainty
and consistency, and enhancing their competitiveness in the market.
As part of Knock’s dedication to advancing real estate, they are offering a special for NAR members to extend to their clients. For a limited time, NAR members can extend a $1,000 closing credit to their clients who submit a Knock Bridge Loan application by April 30, 2024.*
Homeowners can leverage the bridge loan to position themselves as non-contingent buyers, allowing them to compete with all-cash offers. They can access up to $500,000 to use toward a down payment on a new home, moving expenses, paying down debts, or to use for pre-sale renovations to maximize home value. Knock’s bridge loan also comes with a Purchase Guarantee, which is an offer provided upfront in the event the client's house fails to sell within six-months. Note: 92% of customers who utilize the Knock Bridge Loan have sold their home in less than 90 days. Available across the nation, Knock has established a vast network comprising thousands of loan officers and tens of thousands of real estate agents.
For more information about Knock or how the Knock Bridge Loan can help your clients, please visit Knock.com.
Interested in learning more about Knock’s mission and latest growth efforts? Visit wefunder.com/knock
*$1,000 NAR credit: Application must be submitted between March 1, 2024 and April 30, 2024 and close by July 1, 2024. Simply enter the code: NARSPRING2024 in the Knock Purchase Offer, which you’ll receive before the Bridge Loan is closed. The credit will automatically be applied to the clients Bridge Loan closing costs. Cannot be combined with other offers.