Knock, a home-buying startup, is switching to bridge loans and working with agents, rather than directly with consumers. The company, which offers a platform for consumers who want to buy and sell homes at the same time, will now offer mortgage, bridge-loan, and concierge services, according to company a press release.
iBuyer no more: For the down payment, the startup will offer an interest-free bridge loan. The company will charge a 1.25 percent fee on the home. Knock also has an integrated title company and a network of contractors to streamline the process of preparing a home for sale. [HousingWire+TRD]