A new real estate sales model appears to be suddenly mushrooming into existence. There are now at least three start-ups that will buy homes from people who want to sell immediately, including newcomer Knock.
Knock, OfferPad and Opendoor are trying to eliminate the home sale hassle by serving as a quick turn-around sales agent for homeowners. They are promising a painless click-and-sell process. The homeowner requests a quote and the websites respond with an offer, within hours.
If the offer is accepted, OfferPad and Opendoor will buy the homes outright. Knock is a little different. It will offer to sell the home within six weeks "for" you. If the home doesn't sell within that time, Knock will then buy that home from the seller.
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