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knock vs. Opendoor

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knockOpendoor
as of 06/02/2018
as of 05/21/2018
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What is knock

Knock is an online real estate service that will sell your home, but helps you buy your new home with an all cash offer at the same time. They first help you buy your new home, then takes care of selling your old home after you are moved in.

How knock works

  • Knock connects you with a local expert to help you buy your new home. They will also make an all cash offer on your behalf once you find a home you like.
  • Manage and pay for improvements on your new home. Also pay for repairs on old home and Knock will sell it.
  • Once your old home sells, Knock will transfer the title and mortgage into your name for the new home.
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What is Opendoor

Opendoor purchases your home directly from you. You can sell your home without listing it on the market and close on your own timeline. It is free to request a no-obligation offer from Opendoor. Offers are based on unique details and features of your home, recent comparable home sales around you, and market conditions and trends. If you are looking to buy, you can browse Opendoor's inventory and easily make an offer through their app or by getting in touch.

How Opendoor works

  • Request an offer from Opendoor, and receive an offer based on market data and unique information about your home.
  • Opendoor arranges a free home assessment. If there are needed repairs, you can take care of them or Opendoor will do the work and deduct the costs.
  • Set a closing timeline, and a title and escrow agent will set a time for you to sign the necessary documents. Opendoor will visit the home in a final walkthrough to make sure the home is still in the same condition.
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Service offerings by knock compared to Opendoor
Service
knock
Opendoor
Market Price Estimation
Phone Consultation
Home Repairs
Photography
Aerial Photos/Video
MLS Listing