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General

Where does EasyKnock operate?

We currently serve the metro areas of the states highlighted below

Why wouldn’t I just use traditional refinancing methods or loans, such as a home equity line of credit?

Depending on your credit history or type of employment, re-fi and loan interest rates can really add up. If you don't qualify for the traditional credit line or loan, or you're looking to access your cash a bit faster, Sell and Stay might be just right for you. Our customers don't always fit the cookie-cutter shape that banks are looking for, so we offer them useful solutions for using the equity they've already built to get the money they need.

How long does it take to close?

We can close a deal in as little as less than 2 weeks. We move fast so you can get your cash in your hands when you need it.

Who handles the home maintenance?

You'll be responsible for basic maintenance like lawn care, snow removal, and appliance repairs.

Who pays the property taxes?

Since EasyKnock will now own the house, the taxes are now our responsibility. A perk you can quite literally count on!

Do I need renter's insurance?

We always encourage tenants to have renter's insurance. You never know what nature has in store, so it's great to have a policy on your side just in case.

Sell and Stay

Who is Sell and Stay for?

Sell and Stay is designed for people who own single-family homes. They're looking to tap into their equity but aren't necessarily ready to move out of their space.

What documents are used in a Sell and Stay transaction?

Since there are two parts to the program, there are two documents that govern our agreement. “Sell” is marked by a purchase and sale agreement. “Stay” is governed by a residential lease.

During the Sell and Stay process, who handles the paperwork?

We have lawyers who draft our agreements, and then we send it off to you to review. Just like any home purchase or transaction, we highly recommend that you have your own attorney review them too.

How much rent will I pay?

As with any home sale, a processing fee and standard closing costs will apply and varies by county and state. Monthly rent is based on market prices and varies per region. We will work with you to customize a solution based on your needs.

What is the lease term length?

Like most lease terms, ours is 12 months long, and can be renewed for up to five years. Don’t fret, we’re here to provide flexibility, so you can decide to repurchase your home or move at any point during the lease.

What if I default on my rent payments?

We don't want to see anyone forced out of their home. Before we move forward with an agreement with someone we try to make sure that the rent is affordable and can reasonably be paid every month. If however, someone stops paying rent we’ll provide notice, and options to fix it. If we can't come to a solution, we may evict. If evicted, you'll still receive the remainder of your equity after we’ve recouped the unpaid rent amounts, any of the selling costs, and any legal fees associated with the eviction. In the case of eviction, we'll sell the home using an auction-sale process.

What if I decide I want to move?

The Option Agreement lets you authorize the sale of the house at any time. You can control the timing, asking price, and even the listing agent (if you want to).

How do I repurchase my home?

Our lease has an "option agreement" that lets you buy back your home anytime. You are responsible for obtaining financing.

If I decide to repurchase the house, who handles inspections, appraisals and financing options?

We're happy to refer you to partners we work with, but you can also reach out to people you know or that an attorney recommends for you.

MoveAbility

Who is MoveAbility for?

MoveAbility is for people who plan on buying their next home and want to avoid the unpredictability and headaches associated with selling and buying at the same time. The program is currently available to people selling single family homes, condos and apartments.

Why should I use MoveAbility?

With MoveAbility you are buying yourself time to find your next dream home. By selling your current home to us and staying in it as a renter, you can keep looking until you find exactly what you are looking for. Additionally, you will receive money that can go towards your next downpayment. Your chances of buying your next home without hiccups will increase if you can avoid submitting contingent offers.

Why shouldn’t I just use a bridge loan?

If you can get one and you are satisfied with the terms of the loan, you should. For people who are unable to get a bridge loan, or whose finances would be strained by servicing both a mortgage and a bridge loan, we believe MoveAbility provides a great option.

What is the lease term length?

The maximum lease term is 18 months. Within that time frame it’s fully flexible and our team of Flexity experts will work with you to customize it to your needs.

How much does MoveAbility cost?

As with any home sale, a processing fee and standard closing costs will apply and varies by county and state. Monthly rent is based on market prices and varies per region. We will work with you to customize a solution based on your needs.

Do I get an option to buy back my home as part of the MoveAbility program?

No. If you would like to re-purchase your home after the transaction, we’d encourage you to take a look at our Sell and Stay program.