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EasyKnock Review

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This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Ashley Eneriz
Ashley Eneriz
Jan. 21, 20214 min read

EasyKnock summary

EasyKnock is a financial solutions company that provides flexible options for homeowners looking for alternate ways to access funds. For those with at least 40% equity in their homes, EasyKnock purchases your home, giving you the cash value of your home while you stay in the home as a renter.

Pros

  • Can assist a wider range of credit scores
  • Access cash quickly
  • Available in all 50 states

Cons

  • For homeowners with at least 50% equity
  • Closing costs and appraisal fees

EasyKnock EasyKnock Visit EasyKnock

Overview

EasyKnock does not offer traditional refinancing or home equity loans, but offers alternate forms of financing for homeowners through a solution called “sale-leasebacks.”The company buys your house, allowing you to convert your home equity to cash while leasing the house back until you’re ready to move or repurchase the house. . EasyKnock transactions transition you from a homeowner to a renter of the home, getting you cash upfront to pay off debts, prepare to move in the future, or fund other financial objectives.

Suitable For?

EasyKnock’s Sell & Stay programs offer individuals an alternative to home equity loans or reverse mortgages. Their programs allow homeowners to get the cash they need for major purchases without losing a claim to their home or having to move out immediately after receiving funds. 

The MoveAbility program is designated for those who need more cash upfront to help them buy their next home. Additionally, the ReLease program is desirable for individuals that do not want the burdens that come with owning a home but would still like to remain in their home. 

Types of Loans/Products

 EasyKnock offers 3 personalized programs:

  • Sell & Stay: Under this program, EasyKnock buys your home and you receive the value in cash. You then remain in your home and pay rent. You can buy back your home or move at any time. *Buyback option not available in all states
  • MoveAbility: If you are looking to get the most out of your next move, this program was designed to give you more cash for a downpayment by converting your equity to cash and the flexibility you need to find your next dream home on your timeline. There is no repurchase option available under this program.
  • ReLease: This is the newest program from EasyKnock. Under ReLease, homeowners can sell their home, converting 100% of their home equity to cash while remaining as a tenant for as long as desired. There is no repurchase option under this program.

The Application Process

The application process is designed to be quick and easy. Here are the steps you can expect:

  1. Fill out the short online form
  2. EasyKnock will contact you by phone to discuss your individual needs. 
  3. A specialist tells you the estimated amount of money you will receive, your option value, your monthly rent, and any other transaction details. At this time you can review the contract and choose whether or not to move forward. 


Once you agree on the terms of the contract, you will sign the purchase agreement and EasyKnock will do an appraisal of the home, an inspection of the property, and a background check. If these items check out, the next steps include:

  1. Sign closing documents and lease terms with a notary
  2. Funds are wired to your account as soon as the title company verifies the sale
  3. Continue renting your home or move

Rates and Fees– The Bare Basics 

Once EasyKnock approves your home purchase, you will be liable for a few different costs:

  • Closing costs estimated at 1%
  • Processing fee of 2.99% of the home’s appraised value
  • Renting fees will be approximately 00.75% of the purchased price

Repayment Terms

For most homeowners that opt for the Sell & Stay program, you will have the option to buy back your home for the amount EasyKnock funded you plus an agreed first year fee . After the first year, the price will increase either by the consumer price index or 2.5% of the funding amount, whichever is greater.

The MoveAbility and ReLease programs do not allow homeowners to repurchase their home. All programs give homeowners the option to revert to a tenant, which means they will pay market-value rent on the home until they move or buy back the home.

Help & Support

The EasyKnock team is accessible through phone, email and Facebook for support. 

Phone: (844) 888-9213; (929) 249-2849

Email: hello@easyknock.com

Facebook: Facebook.com/EasyKnock

Summary

EasyKnock is not for every homeowner, but it is a unique alternative for homeowners who need to access the cash built up in their home but can’t get a traditional loan. For those that want to enjoy their home without the hassle of homeownership, EasyKnock might work for you. Keep in mind that if you are looking to move, selling your home through a real estate agent may result in less fees and more profit than using EasyKnock, though you will not be able to stay in your home after the sale.

FAQ

How is EasyKnock different from loan companies or iBuyers?

The main way EasyKnock is different is that it does not offer a one-off transaction. Through a sale-leaseback program, EasyKnock works with homeowners’ personal goals.

Also, unlike other fractional ownership programs, EasyKnock’s Sell & Stay contract allows select customers the right to repurchase their home at any time during the lease term. Customers also reserve the right to move at any time. However, there is no guarantee of an appreciation of the home’s value.

What is a residential sale-leaseback?

Simply put, a residential sale-leaseback is a contract that allows the homeowner to sell their home to an individual or company and lease it back.

How much cash can I receive? 

How much cash you receive depends on the program you enroll in.

  •       Sell & Stay applicants receive up to 70% of the home’s value upfront and the remaining amount as an option, which you receive if you move and sell instead of repurchase.
  •       MoveAbility applicants receive up to 80% of the home’s value upfront and the remaining amount as an option, which you receive when you sell on the open market
  •       ReLease applicants receive the full market value upfront

What if I can’t afford rent payments?

EasyKnock tries to create a solution to help individuals get back on track. EasyKnock also offers rent deferral options for both MoveAbility and Sell & Stay. For up to a year you do not have to pay rent out of pocket and it is instead taken out of the option value of your home. However, since EasyKnock now owns the home, violating the tenant/rental agreement could result in eviction in extreme cases.

Address 

EasyKnock has two main locations:

Charlotte Office

1213 West Morehead Street

Charlotte, NC 28208

New York Office

215 Park Ave South, Suite 1713

New York, NY 10003

EasyKnock EasyKnock Visit EasyKnock

Ashley Eneriz
Written byAshley Eneriz

Ashley Eneriz is a financial writer who has been published on Credible, GOBankingRates, MoneyCrashers, Huffington Post, Business Insider Australia, Life Hacker, Fidelity, CBS News, and MSN Money. She also writes children's books.

EasyKnock
EasyKnock
ExcellentReviews 22
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Trustpilot reviews

See what some costumers are saying about EasyKnock
EasyKnock
ExcellentReviews 22
on
Excellent
77%
Great
14%
Average
0%
Poor
0%
Bad
9%
  • author
    Michael Campa
    4 days ago
    I just wanted to say what a great…

    I just wanted to say what a great experience it was to work with Roy George and Kentra Byrd to make the sell and stay experience so easy for us, we just wanted to say thank you for all the help in making this happen for us.

    ...

  • author
    Ralph Gomez
    May 12, 2021
    EasyKnock truly helped us out of a jam

    EasyKnock truly helped us out of a jam. We were able to stay in our home with an option to buy it back! Blake and his team were very helpful and understanding we would recommend Ezknock to anyone looking for a hand up!

    ...

  • author
    Sean Griffin
    May 10, 2021
    I didn't actually use the service but

    I didn't actually use the service but I do feel compelled to talk about the rep I spoke with. I got good advice and the rep actually advised me against using the service because I just didn't need it. Most sales people will try to sell you water while you are drowning but Blakley did not do that. She was honest and I would recommend this service just based off of that alone.

    ...

  • author
    Corinn Barry
    May 10, 2021
    wonderful experience

    We had a wonderful experience, Chun Kai was so helpful and thoroughly answered all our questions. If you’re looking for a stress free process or lease-back option, EasyKnock is where it’s at!

    ...

  • author
    Sean
    Apr 16, 2021
    Great company...Didn’t have any issues…

    Great company...Didn’t have any issues with the transaction and everything was fast and smooth..

    ...

  • author
    Jennifer Williams
    Apr 09, 2021
    AMAZING SYSTEM

    I HAD A VERY GREAT EXPERIENCE WITH THIS COMPANY, I WASN’T SKEPTICAL IN THE BEGINNING NOR THROUGHOUT THE PROCESS!! THE CUSTOMER SERVICE WAS SUPERB AND I AM SO THANKFUL FOR THE LIFE CHANGING RESULTS! SHOUT OUT TO ADAM, KENTRA AND DAVID THEY WERE LITERALLY THE BEST

    ...

  • author
    Tiffany P
    Apr 05, 2021
    Seamless Process

    The process was seamless! Everyone we worked with was very responsive.

    ...

  • author
    Diane Ramsey
    Mar 25, 2021
    Easy Knock is the way to go if you want…

    Easy Knock is the way to go if you want to sell your house and rent it back. They have a release program Easy Knock bought my home and now i am renting it for one year from EasyKnock that way I have time to find another home and relocate. I had a wonderful experience with EasyKnock. If I had any question I would email them and I got the answer the same day. Thanks to Lexi ,Kendra and Jarred for making the process so easy and smooth. I would recommend them to anyone. If would give them a rating from 1 to 5 and 5 begin the highest the would get a 5 star from me. Thanks again for all you have done for my Husband and I. ❤❤❤😎 Thanks Diane Ramsey

    ...

  • author
    TonyLopez
    Mar 25, 2021
    I have had my ups and downs with…

    I have had my ups and downs with multiple companies, but I have to admit, the support and the compassion that I have received from Easy Knock has been beyond exemplary!! Their support system was with me every step of the way and they constantly kept in touch with me. I would recommend this company to anyone!

    ...

  • author
    Elisa Wiggins
    Mar 17, 2021
    Easy Knock to My Rescue helping Me Financially to get the Equity from my Home i Needed to Fix & Upgrade

    I, Elisa Wiggins, want to Thank the "Easy Knock" Team for Considering Me as a Client which They were here for me when an Financial Emergency Arised at my home & i was trying to get the Equity to Borrow the Funds to get my Home Fixed Up which my Credit Score was low & Other Business didnt want to help me so i didnt know where to begin until i seen the Ad of "Easy Knock" on Social Media Facebook appeared that is when i reached out to them inquiring about their Program! AlThough, i was a little skeptical Easy Knock was a Scam, Thereafter, i was explained how the Program help people like myself to get the finances i was looking for to fix my home that would cost me thousands of dollars which i didnt have because of my credit score that is when "Easy Knock" came to my Rescue Compensating me Financially & Helping Me to get the job done fixing my home & Also, Having Extra Finances in my Pocket to take care of any other Financial Obligations i had!!! I want to Thank 💗Easy Knock💗 for having a Business that You or I can Depend On 💗 Thank You Easy Knock & May your Business Expand WorldWide Making Millions of Dollars! Thx, Elisa Wiggins

    ...

  • author
    Felecia
    Mar 11, 2021
    ❤️🥰😘😇

    ❤️🥰😘😇 Samantha W. made the promise not to worry and it was her promise she kept a great blessing. Communication is the key for all understanding. Ashley L. is Awesome as well . The team that was assigned to me was A Great Blessing! EASYKNOCK will always be a great part of my family

    ...

  • author
    Silvia Castro
    Mar 04, 2021
    Better communication with client

    I think more communication especially when delays are causing the deals not to close timely. I was expecting a closing end of December that did not happen until the end of February. I was not informed there was an issue until I asked.

    ...

  • author
    Chris
    Mar 01, 2021
    Straightforward Process with Great Customer Service

    Seamless process that was easy to understand. CK was always available to help, and did a great job.

    ...

  • author
    Patricia Webb
    Feb 25, 2021
    Easy Knock was a easy process

    Easy Knock was a easy process. Truly less complicated then my previous home sales. Although, it was a hard decision for me to sell my property I felt it was my best choice. It allowed be to stay in a home I love and retain some equity in the home. For now my goal is to get back on financial track and buy my home back. All staff at Easy Knock were very professional.

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  • author
    James Clay
    Feb 17, 2021
    Easy process and friendly staff thank…

    Easy process and friendly staff thank you for helping me

    ...

  • author
    Steve
    Feb 12, 2021
    Working with EasyKnock was "Easy"

    Working with EasyKnock was comparatively easy compared to other real estate transactions. Dalton and Ashley were great to work with and explained every step of the process. My only complaint is that near the end of transaction (which is the most important to the seller) communication from the contractors used was not as frequent or thorough as I would have liked.

    ...

  • author
    Alexis Barbieri
    Feb 07, 2021
    I had a great experience during a…

    I had a great experience during a challenging time. It took a little longer than I expected, due to the holidays I’m sure, but I always got my questions answered and get comfortable comfortable throughout the whole process. I would definitely recommend EasyKnock to others.

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  • author
    Jay Williams
    Feb 06, 2021
    EasyKnock has been a great company to…

    EasyKnock has been a great company to work with thus far. I needed to tap into my home equity in order to start a business. CK was my primary contact through the selling process. He was upfront, timely, and professional. I highly recommend his work. I'm now in the renting phase. If the renting and buyback goes as smooth as the first part, then the 5 stars are well deserved!

    ...

  • author
    Benjamin Kelley
    Dec 18, 2020
    They did the exact same with me

    They did the exact same with me. Didn't try to sell my home promised this much money here then this much money there but the money never comes. Sold my 290k home for 189k depriving me of all that equity and ultimately my home. I'm speaking with the tv news stations currently and you can bet that all of this wrong easy knock done will be brought to light and they'll be seem for their true colors

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  • author
    Mischa Redmond
    Oct 12, 2020
    Works as advertised!

    Stephanie Andrew and her team did a phenomenal job with my transaction. I was very skeptical of the entire process at first but needed some of my home equity to close an old business. After I sold my house I received my funds within about a week. Stephanie took care of the entire closing process and I did not have to be involved at all! First rate experience that I would highly recommend.

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  • author
    Marcia Peacock
    Sep 30, 2020
    From Realtor selected to list

    As the selected realtor for an Easy Knock property where the owner is now the tenant. He has been renting since Easy Knock purchased about a year ago. Now he is selling the home. So far, Easy Knock has been great to work with. They allowed the owner/tenant to determine the list price and the owner/tenant negotiated the current offer then Easy Knock approved.Their preferred title company has been great as well so far as we are about 2 weeks away from closing. The owner/tenant has not had anything negative to say about this process as he was able to pull out the equity of his home about 1 year ago when he needed some money until he was ready to sell at market value.

    ...

  • author
    Shawn Davis
    Apr 15, 2020
    This company will steal every cent of…

    This company will steal every cent of your home equity($130,000)and leave you homeless. I had some medical bills from a heart issue and wanted to get a home equity loan well unfortunately my fico was down, so talked to Thomas Mackie at Easy Knock. He told me about their "non-traditional" home equity loan where you really sell your house and Easy Knock gives you a portion of the money from the sale then you lease from them for a year then choose and agent and sell at the point you get the bulk of your payment. Mine was written up as $34,000 on initial cash out then $84,000 on the second. There was $28,000 at the initial closing. First time I couldn't get ahold of Thomas. They say you can sell at any point and the lease is over and no more lease payments. There really are so many unbelievable events during this whole process to write out but in the end the part where I got to choose the listing agent was misleading and not true. They ask the agent to give up commission and the broker to sign an agreement no broker will sign and they know that. They didn't try to sell my house and kicked me out. A house one street over with identical layout and a comp sold for $330,000 in one day. My house was "for sale", albeit with one showing in 10 months and they sold it for $200,000. Oddly enough that was the amount they needed to pay their lender(anything over that was mine), so I got nothing and a bill for $29,000 making it where they took everything. Don't use these crooks. It has ruined everything for me.

    ...

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