Uncategorized August 31, 2023

Knock Loan Program: Buy Before You Sell

Navigating the path to homeownership involves careful consideration and strategic planning. As a real estate agent with Coldwell Banker Realty in Crofton, Maryland, I’ve had the pleasure of witnessing firsthand how innovative solutions like the Knock Loan Program can make a significant difference in this journey and help families seamlessly transition to their dream home.

One of my clients recently utilized the Knock Loan Program to put an offer on their desired home while concurrently preparing their current property for sale. What struck me was the way the program empowered them to transition smoothly without the pressure to expedite the sale process. The ability to make necessary updates to secure their desired price set this program apart from conventional bridge loans, and I’m excited to delve into its details with you.

Knock Loan Program Let’s You Buy Before You Sell

The Knock Loan Program brings a fresh approach to the process of buying a home offering a blend of financial assistance, flexibility, and tailored features that cater to your specific needs.

Who Can Benefit from the Knock Loan Program?

One of the program’s strengths is its inclusivity. It’s designed to accommodate a variety of situations:

  1. Move-Up Buyers: Individuals wanting to transition to a larger home or a different neighborhood will find this program streamlines the sale of their current property while facilitating the acquisition of their new residence. This is similar to the example I mentioned above.
  2. Downsizing Seekers: If your goal is to downsize as you enter a new life phase, the program supports a seamless transition while optimizing your property value.

How it works:

  1. Find Out If You Qualify
  2. Buy Your Dream Home First
  3. The Sell Your Old House

The Benefits:

  1. Simultaneous Sale and Purchase: The Knock Loan Program stands out for enabling a simultaneous sale and purchase process. This eliminates the need for temporary housing or juggling two homes at once.
  2. It’s Not A Traditional Bridge Loans: Unlike conventional bridge loans, the Knock Loan Program encourages you to focus on enhancing your current property’s value before selling, creating opportunities for better returns.
  3. Interest Free Equity Advance: If you qualify you’ll be fully underwritten for an interest free equity advance so you can hit the market to start looking for your new home.
  4. Sell Your Old Home For Top Dollar: We’ll pre-imburse you for up to $35K to get the house in prime selling condition.
  5. Guided Support: Throughout the process, the program provides dedicated support to guide you through every stage, ensuring a seamless and confident experience.
  6. Transparency in Costs: With the Knock Loan Program, anticipate predictable monthly payments, providing a clear understanding of your financial commitment.

Navigating the The Program

Understanding how to maximize the this loan is key to fully benefiting from its advantages. It’s important to note that this program operates through a separate lender, distinct from the one you would work with for your mortgage. Given that the program might be unfamiliar to many, I’m here to refer you to someone who can help you with a Knock loan so you can explore its potential.

Get Started Today

In my opinion this program  has really redefined the home buying journey by not only improving transactions but also improving my client’s lifestyle. With its inclusivity and array of benefits, the program provides a viable path to homeownership for many that would have otherwise given up.

Does the Knock Loan Program sound like something that may help you?  Connect with me and I’ll refer you to the right resources to explore further, and seek answers. Together, we’ll look at the options and make your homeownership dreams a reality.