SANTA CLARA, Calif.,
April 23, 2020 /PRNewswire/
-- The COVID-19 crisis has prompted the need for 9 percent of
consumers to unexpectedly move to a new home within the next six
months, according to a recent consumer survey from
realtor.com®. In an effort to provide more flexibility
to consumers impacted by the crisis, realtor.com® is
working with EasyKnock, a provider of "sell now, move later"
options which enable consumers to access the value of their home
without having to move right away.
As part of this solution, realtor.com® users will be
able to quickly determine their eligibility for, and likely
proceeds from, two EasyKnock programs -- Sell and Stay and
MoveAbility. Sell and Stay offers longer term lease options and the
opportunity to buy back the home, while MoveAbility is aimed at
homeowners who would like to move but haven't found their new home
yet.
Through the programs, EasyKnock purchases the home for the full
appraised value with a combination of cash and an option, and
closes on average within 21 days. Homeowners can choose to rent the
home back for as long as they'd like. When the time comes, the
consumer gives EasyKnock the go-ahead to sell the home on the open
market and can receive any additional proceeds when the sale
closes.
"The COVID-19 crisis has had a profound impact on the job market
which may lead some families to make extremely difficult
decisions," said Todd Callow, vice
president, product management, realtor.com®. "As part of
our mission to provide consumers with all of the available
information to help make informed decisions,
realtor.com® will inform consumers about EasyKnock's
options so they can determine if the programs are a good fit for
their financial and housing needs."
Realtor.com® has launched a dedicated
site with information, resources and tools to help consumers
navigate these uncertain times. Additionally,
realtor.com® has made a series of product updates to
help consumers get as much information and detail as possible about
a property without physically visiting. This includes more 3D
tours, video chats and access to Livestream Open Houses.
To learn more, go to https://www.realtor.com/covid-19/
About realtor.com®
Realtor.com®
makes buying, selling and living in homes easier and more rewarding
for everyone. Realtor.com® pioneered the world of
digital real estate 20 years ago, and today through its website and
mobile apps is a trusted source for the information, tools and
professional expertise that help people move confidently through
every step of their home journey. Using proprietary data science
and machine learning
technology, realtor.com® pairs buyers and
sellers with local agents in their market, helping take the
guesswork out of buying and selling a home. For
professionals, realtor.com® is a trusted
provider of consumer connections and branding solutions that help
them succeed in today's on-demand world. Realtor.com® is
operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV]
subsidiary Move, Inc. under a perpetual license from the National
Association of REALTORS®. For more information,
visit realtor.com®.
Media Contact:
Nicole
Murphy, nicole.murphy@move.com
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SOURCE realtor.com