Do you have to sell your home in order to buy your next one? In this competitive market, where listings are getting multiple offers, sellers are looking for the cleanest offers possible.

Contracts have several contingencies:

  • Financing contingency (if buyers are getting a loan)
  • Inspection contingency (Florida As-Is Contracts)
  • Sale of current home

Offers that have the fewest contingencies are the strongest. While the first two contingencies are expected, it is challenging for buyers whose purchase is contingent on the sale of their current home to win the home.

Knock Home Swap

The Knock Home Swap program enables buyers to remove the sale contingency, so that buyers can purchase their next home BEFORE they sell their current one! Knock will even finance up to $25,000 for renovations to the home you have to sell, positioning it on the market to yield the highest sale price.

How does Knock Home Swap work?

  1. Knock gets you approved for a mortgage
  2. You buy & move into your dream home while Knock covers your old mortgage
  3. Sell your old house on the market for top dollar with your agent

What is Knock?

Knock is a technology company with an innovative home loan solution, the Knock Home Swap™, which helps you buy before you sell. Knock is not an iBuyer or home flipper.

What’s great about Knock?

With Knock, you can buy a new home & move in without having to sell yours first (or at the same time); no longer live through showings & repairs in your old house; move only once & pay one mortgage; sell your old house for top dollar with your agent, & more.

Details and Process

Knock will lend Home Swap customers the following:

  • Up to 20% of the downpayment on their new home purchase
  • Up to 6 months of old mortgage payments
  • Up to $25,000 in home preparation funds.

With all of those benefits, it’s easy to assume that the Home Swap has to be expensive! However, you can rest easy because that’s not the case! This program provides exceptional value with great costs and rates.

The Home Swap Process

Once you find your dream home, Home Swap customers are able to submit competitive, offers that are not contingent on the sale of their property. Knock makes this possible with a backup purchase offer. This offer removes the DTI on the your old house which, in turn, removes the sales contingency on your new home purchase. The contract will be signed when a customer goes under contract on their new home. After your listing has been on the market for 6 months, you may choose to then accept the offer and execute the contract.

However the goal of this program is for you to sell your home on the market, so you can extract the maximum equity from that sale!

Qualifying the Home and the Buyer

In order to utilize the Home Swap program, customers must go through the pre-approval process with the Knock lending team to ensure you are approved for a new mortgage and the equity advance loan. In addition, your current home for the Home Swap will need to be qualified by confirming the facts and condition of the property. This is done easily by submitting photos of the interior and exterior to Knock. (This is not an appraisal or an inspection.)

Buying and Selling

Once you are fully Home Swap eligible, the rest of the transaction is almost the same as any other transaction. We will shop for and secure your new perfect home. After you have moved into your new home, we sell your old home by going through the typical marketing and selling process. Once the old house has closed, any used Home Swap advance funds are paid out of your proceeds, and the Home Swap is successfully completed!

Good News!

I am a Knock Certified agent. That means that you have the option of using the Knock Home Swap program!

If you are selling or buying in another area, no problem! Only one deal has to include a Knock Certified agent.

If you are listing locally, we can add your home details immediately into the system to find out if your home is eligible for the program. We will go over this during our appointment.

If you are listing remotely, we’ll ask your agent to handle inputting the listing information during the home visit.


Questions? For more information, please click here.

Heather E. Towe, P.A.
561-806-8550 |
Licensed to Sell Real Estate in Florida

How can I help you?

Luxury Real Estate Services for Palm Beach County, Florida.

*** Listing Specialist in Palm Beach County, including: Jupiter, Juno Beach, Palm Beach Gardens, North Palm Beach, West Palm Beach, Palm Beach, Jupiter Island.

*** Serving Buyers by referral throughout Palm Beach County.

*** Offering expert real estate advice to everyone, and referrals to local real estate experts all over the world.

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