Knock added Houston to the list of metropolitan areas in Texas where its Home Swap solution is available, joining Austin, Dallas / Fort Worth and San Antonio, as well as three other markets nationwide.

This solution is offered exclusively by local real estate professionals who have been trained as Knock Certified Agents. In this case, Knock partners with Berkshire Hathaway HomeServices Premier Properties and RE / MAX fine properties, the company said in a statement.

Via Home Swap, customers can take possession of their new home while preparing and repairing the old home for sale. Knock offers consumers a mortgage on the new home, an interest-free bridge loan to cover the down payment, mortgage payment coverage on the old home, and up to $ 25,000 for preparation and repairs on the old one. House.

“Now, homeowners in much of Texas have a safer, more secure, and more convenient way to buy before they sell,” Knock co-founder and CEO Sean Black said in a statement.

As part of its Home Prep Concierge, Knock provides clients with access to its network of licensed contractors and handles the payment of all bills once the work is approved by the client, Knock said.

Knock said he would provide a backup offer on the old house in case it doesn’t sell within six months, but Knock says 90% of homes sell in 90 days or less.

Knock Home Swap is available to 8,000 agents in the Atlanta, Denver, Phoenix and Texas markets. The startup said it plans to continue expanding its Home Swap program to at least 11 markets by the end of this year, and to operate in at least 21 markets by the end of 2021.

Source link