Knock introduces Knock Nest

Real estate startup Knock announced the launch of Knock Nest, a standalone sale-leaseback solution that allows homeowners to access the cash they’ve built up in their home while continuing to live there.

With Knock Nest, homeowners can request a no-obligation competitive cash offer from Knock to buy their home that includes a long-term lease and repurchase option.

“For most people, their home is their single largest asset, and over 97% of homeowners have positive equity in their homes. We created Knock Nest to allow homeowners to put the equity they’ve worked hard to build to work for them – whether it’s to achieve their dreams, help with life’s uncertainties or plan for the next stage of their lives.” – Knock Co-Founder & CEO Sean Black.

Knock has been offering leasebacks to customers since the beginning of 2017 as a built-in feature of its core product, now known as the Knock Home Swap. Knock Nest productizes the sale-leaseback as a stand-alone solution for homeowners who want to access their equity without moving out of their homes. With Knock Nest, the homeowner receives a ‘competitive’ cash offer for their home that allows them to pay off their mortgage and receive the equity they’ve amassed in as little as two weeks. While living in the home, the consumer pays only rent and is relieved of normal financial responsibilities like mortgage payments, property taxes and homeowner’s insurance.