While others were beginning to adjust their business plans in 2022, Sean Black had Knock focused on equipping its agent partners with innovative solutions to address rising home prices and interest rates.
Together they introduced two features that gave homeowners more buying power: 1) the ability to lower the mortgage rate and 2) lower monthly payments on their new home by tapping into the equity gains they’ve amassed in their current house. These features could shave nearly $350 off the monthly mortgage payment of a median-priced home.
“We are providing innovative loan solutions making buying and selling homes more convenient, certain and cost-effective,” said Black. “Over the past two decades, the real estate industry has undergone a transformation, and I have been part of this. First, as a founding team member of Trulia, where we helped to democratize the search process and now as co-founder and CEO of Knock, where we invented the Power Buyer category.”
When a person hits 80, the idea of downsizing and moving, either across town or across the country to be near children, can become less of a choice and more of a necessity. Read more.
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