Home Buying & Selling
Are you looking to sell your home, release built-up equity for a down payment, and find your dream home all in that order? Selling and buying a home is not an uncommon situation, however, one that requires guidance and greater attention to detail. Buying and selling simultaneously with one broker is a scenario called Dual Agency.
Dual Agency also occurs when one broker or salesperson represents both Seller and Buyer in a transaction, or when two agents licensed under the same broker each represent the Seller and Buyer in a transaction. In your situation, where the Agent would list the property in addition to representing you in your home search, the complexities of the transaction lay in the logistics. A good broker partnership can help navigate the stresses of timing and negotiations.
Buying-while-selling is manageable and, for many, unavoidable in the chances you find that perfect property. What looms over homebuyers planning to relocate most is whether to sell your old home first, then buy and move into a new home or buy a new home first, then sell your old home afterward. The latter option is appealing only if you can afford the risk of sitting on two mortgages for an unknown period of time. Either option is complicated, inconvenient, and often leads homeowners to postpone acting on their desire to relocate. The question is, is there a solution to this problem?
Knock Is Knocking
Yes! There is an option that can solve this age-old dilemma of buying and selling at the same time. Through select certified representatives, Novum Realty offers homebuyers the ability to move into their new home and then try to sell their existing home with a trade-in service program through Knock. A smooth process that eases the financial constraints of a dual transaction while easing timelines for you and your family.
Who is Knock? Knock is a lender that specializes in a program that offers financing options for homeowners buying their next home. In order to ensure that every client is given the best service and their individual circumstances are approached with great care, select agents are trained and certified directly through Knock on their real estate program - Knock Home Swap™.
"Not sure if this program is right for you? Let's chat, I'm Novum's Knock Certified Agent! Together, we'll look over your options and find a solution that best fits your needs!" Sarah.Thorp@novumrealty.com
How It Works
Through Knock Home Swap™ our Clients will have the ability to buy their new home before selling by tapping into the equity of their current house; then sell their current house on the open market for top dollar. With your Novum Buyer Representative, you'll be guided every step of the way. 1. Loan 2. Buy 3. Sell -- The process is simple!
LOAN GET YOUR NEW HOME LOAN
*We'll work with you to check your eligibility and submit photos of every room to Knock.
*Get pre-approved for Home Swap mortgage. Knock will check your credit, verify debts, assets, income, and your supporting documents to determine your purchasing power. You'll then be assigned a dedicated Mortgage Loan Advisor.
GET YOUR NEW MORTGAGE
*Within 48 hours of your loan application and its supporting documents, your Mortgage Loan Advisor will work to get you pre-approved for a Home Swap mortgage!
BUY YOUR NEW HOME FIRST
FIND YOUR DREAM HOME
*Once you find your dream home, we'll make a competitive, non-contingent offer on it -- and win!
PLAN YOUR MOVE
*Once you've closed, we'll together plan a move-in timeline best for you. Typically, it's within 2 weeks of closing!
ENJOY LIFE IN YOUR NEW PLACE
*Settle into your new home! You'll pay your new mortgage and Knock will cover payments on your old loan for up to 6 months! We'll work with the title company to ensure everything is progressing smoothly.
SELL YOUR OLD HOUSE
PREP THE OLD HOUSE FOR SALE
*Get an advance up to $25k, gain access to a network to get your old home ready for sale with the help of the Knock Home Concierge Team.
LIST WITH EASE
*After your home is in top condition, we will list on the open market and manage showings with potential buyers to get your listing sold!
SELL IT FOR TOP DOLLAR
*When your home sells, you'll use the proceeds from the sale to pay back Knock for any costs covered during the process, plus regular closing costs. We'll work with you and the title company to get the deal finalized.