Sokno Properties
Sokno Properties is a Knoxville, TN-based cash home buyer founded in 2017 that purchases residential properties directly from individual homeowners as-is, absorbs closing costs, and resells after renovation. The firm serves motivated sellers in the Knoxville MSA seeking speed and certainty over a traditional listing.
- Company typePrivate
- Founded2017
- HeadquartersKnoxville, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Sokno Properties firmographics
Firmographics- Name
- Sokno Properties
- Legal name
- SoKno Properties
- Website
- https://soknoproperties.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sokno Properties is a Knoxville, TN-based cash home buyer founded in 2017 that purchases residential properties directly from individual homeowners as-is, absorbs closing costs, and resells after renovation. The firm serves motivated sellers in the Knoxville MSA seeking speed and certainty over a traditional listing.
- Ownership category
- akta.pro rank
Where Sokno Properties is headquartered
LocationHeadquarters
- HQ city
- Knoxville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sokno Properties business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Others
Revenue model
- Home Purchase and Resale: Company purchases homes at below-market prices, renovates them, and resells for profit. Revenue generated from the spread between acquisition cost (plus renovation investment) and final sale price. No fees or commissions charged to sellers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | No-cost home sale service for sellers |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Sokno Properties product offering
Product offeringCore offering
Sokno Properties buys residential homes directly from Knoxville-area homeowners for cash, purchasing properties "As Is" with no repairs, inspections, or financing contingencies required. The company pays all closing costs and charges no commissions or fees to sellers, then renovates the homes and resells them. Closings can be completed in as little as 7 days or on the seller's preferred timeline.
Product overview
Sokno Properties operates as a single unified cash home-buying service. The company directly purchases residential properties from homeowners for cash, offering 'As Is' purchases where sellers do not need to make repairs or pay closing costs or real estate commissions. The core service includes free home estimates and consultations, with the company handling the entire transaction from offer to closing in as little as 7 days.
Differentiator
Problem solved
Functional benefit
Products and services
- Cash Home Buying Service Sokno Properties purchases residential homes directly from Knoxville homeowners for cash, buying properties "As Is" with no repairs, inspections, financing contingencies, or appraisals required. The company pays all closing costs and charges no commissions or fees to sellers, offering cash offers with closings possible in as little as 7 days or on the seller's preferred timeline.
Quantifiable outcome
- Save 8% compared to traditional agent sale (6% commission + 2% closing costs)
- +3 more outcomes
Companies that use Sokno Properties
Customer profileSegments2 records
Ideal customer profiles1 record
Sokno Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sokno Properties partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights3 records
Sokno Properties competitors and assessment
Company assessmentBroad incumbents
- RedfinNow: Brokerage-adjacent cash offer program that allows sellers to receive a cash instant offer alongside traditional listing. Comparable as an incumbent entering iBuying while leveraging a broader real estate platform.
- Zillow Offers (historical): Zillow operated an iBuying arm at national scale that has since exited; relevant as a benchmark for institutional cash home-buying dynamics, indicating the high capital intensity and tight margins iBuyers face.
Direct peers
- Offerpad: iBuyer providing cash offers, flexible closings, and no-show/no-repair purchase experience to home sellers. Comparable business model to Sokno with similar value propositions around speed and certainty.
- Opendoor: Tech-enabled iBuyer that makes cash offers on homes, handles repairs, and resells. Directly comparable as a cash home-buying service, though operating at much greater scale and across many metros versus Sokno's single Knoxville market.
- HomeVestors of America: National franchise network of cash home buyers ("We Buy Ugly Houses") that purchases homes as-is from motivated sellers and resells after renovation. Closest model-level peer to Sokno's local flipping operations, with strong overlap in distressed-seller segment.
Regional players
- IBUYHOME / Go iBuyer equivalents: Smaller regional iBuyers and local cash-buying firms that compete in mid-size markets much like Sokno competes in Knoxville. Useful for understanding local-market iBuyer economics and competitor set.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Sokno Properties social profiles
Digital presenceSokno Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sokno Properties leadership team
Management profileNumber of profiles
Profiles2 records
Sokno Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sokno Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sokno Properties
What does Sokno Properties do?
Sokno Properties buys residential homes directly from Knoxville-area homeowners for cash, purchasing properties "As Is" with no repairs, inspections, or financing contingencies required. The company pays all closing costs and charges no commissions or fees to sellers, then renovates the homes and resells them. Closings can be completed in as little as 7 days or on the seller's preferred timeline.
Is Sokno Properties a public or private company?
Sokno Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sokno Properties founded?
Sokno Properties was founded in 2017. It employs 1 to 10 people.
Where is Sokno Properties based?
Sokno Properties is headquartered in Knoxville, United States, in the North America region.
How does Sokno Properties make money?
One revenue line is on record: home Purchase and Resale.
Who are Sokno Properties's main competitors?
Broad incumbents on record are RedfinNow and Zillow Offers (historical). Direct peers are Offerpad, Opendoor and HomeVestors of America. IBUYHOME / Go iBuyer equivalents is listed as a regional player.
Does Sokno Properties have an API?
No public API is recorded for Sokno Properties.