EXITING YOUR LANDED CONTRACT WITHOUT A SALE OF THE HOME

If you are refinancing or accessing a HELOC to exit, we recommend talking to your lender (you can use any lender you'd like) about what you may qualify for early in the process.

Begin Your Exit Process Today

Appraisal Process

To determine the value of you Landed contract, we will need to send an independent, licensed appraiser to the home. Currently, we work with Axis Appraisal Management so that Landed never has a direct relationship with any appraiser. This appraiser will deliver a report containing the appraiser's best judgment on the home's value. Once this report is generated, we will send you the report and a termination package.

Local Market Guidance

If you want to proceed with [1] (ie. the termination of the contract) you will need to sign Landed's termination package within 10 days of receipt.

Local Market Guidance

You (or your refinancing lender) will have 45 days to remit payment to Landed based on your termination package. Once Landed receives the payment, we will file our Full Reconveyance with the county recording office, thus ending our stake in your home.

Remember that Landed's contract works best when the exit is done via sale. This is because an appraisal can never be as accurate as a market transaction. As a result, do not initiate a non-sale exit if you intend to sell the home within the next six months. If you do, Landed's contract (Section 5.5) contains a clawback provision that allows us to use the sales price as the termination value and collect the difference from you.

Exiting Your Contract With the Sale of the Home

Similar to a non-sale exit, to formally start the exit process, you will complete Landed's intent to terminate form (which you can request over email) and send it back to us. This form will ask you about any improvements you have made to the home, so if you have made any improvements be prepared to submit receipts and photos.

Standard Sale

Improvements

Landed Approval

Closing the Transaction

Standard Sale

Improvements

Landed Approval

Closing the Transaction

Standard Sale

Improvements

Landed Approval

Closing the Transaction

Landed is a registered trademark of Shared Appreciation Services, LLC | Legal | Privacy Policy | Terms of Use

Landed is a registered trademark of Shared Appreciation Services, LLC
| Legal | Privacy Policy | Terms of Use