Easy Knock Blog

Getting Started with Sell & Stay

Getting Started with Sell & Stay
December 11, 2019
8 min read
Table of Contents

At Ribbon, we know selling your home is stressful and every situation is different.  In order to understand your particular needs, we designed our process to be simple and transparent.  

The Ribbon Process

Step 1: Provide Your Information

The first step to an Ribbon transaction is to fill out our qualification form. This will help us better understand your goals and if Ribbon's Sell & Stay could be your right choice. From there, we will schedule a call with you within 2 business days to tell you a bit more about the program and to learn more about your needs.

Step 2: We’ll Make You a Sell & Stay Offer

Ribbon will present you with an offer to purchase your home and your monthly rent payment.

Step 3: Submit Documentation

We will send you a purchase and sale agreement and the lease you will be signing and having notarized. We use basic forms for both, but we always advise people to ask an attorney for help.

Step 4: Clearing the Contingencies

We always perform an appraisal and inspection that requires a third party to visit your property. This is typically the only time we need to visit prior to closing. We will do a title report and address any concerns at that time.

Step 5: Schedule the Closing

We can typically complete a transaction faster than a typical home sale or lending process. Stay in the home as a renter with no disruptions or expensive moving costs.

Key Takeaways

Ribbon's sale-leaseback solution, Sell & Stay, is a simple and effective way to convert your home equity to cash without having to move out. Consult a financial advisor to decide if Ribbon is the right choice for you.

Getting Started with Sell & Stay
December 11, 2019
8 min read

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  1. Rating as of July 2024 via TrustPilot.

    EasyKnock program parameters and requirements are subject to change without notice based on market conditions. These materials are promotional in nature and are not offered as advice and should not be relied on as such. EasyKnock, Inc. as well as its subsidiaries and affiliates (collectively “EasyKnock”) are not lenders and do not provide loans. The transactions described in these promotional materials are sale-leasebacks and involve the sale of the property to EasyKnock and subsequent lease of the property from EasyKnock. Some transactions include an Option Agreement. The ability to repurchase a property via the Option Agreement depends on the specific product and product offerings vary by state. Terms and conditions apply. EasyKnock sale-leaseback products are not available in CA, DE, MA, MD, ND, NY, SD, VT, WA, and select markets.