Called Knock Nest, it’s a sale-leaseback solution. Homeowners can access the money they’ve acquired while in the middle of selling their home, while they’re still living in it.
Knock Co-Founder & CEO Sean Black said:
“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.”
Through this service, homeowners can request a no-obligation cash offer from Knock to buy their property, including a long-term lease and repurchase options.
Leasebacks aren’t new to Knock, as they’ve been available for the last three years as part of Knock Home Swap. Now, the leaseback offer is standalone, meaning even if a user isn’t buying or selling through Home Swap, they still have the option for a no-obligation competitive cash offer and the ability to gain equity while they wait for the full sale to complete.