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Ending Your Landed Partnership

Landed | 28 May 2021

Most Landed partnerships have a 30-year term. Before the end of that term, you’ll need to end your partnership with Landed. Want to sell your home or pay Landed sooner? No problem! There are easy ways to do that, too.

Selling Your Home

Remember our interests are aligned. When you do well, we do well. We’ll just want you to give us at least 30 days’ notice before putting your home on the market. This gives us time to have the home appraised, and in the meantime, we’ll coach you through a number of ways to help maximize the home’s value.

Another way Landed ensures you get the best price for your home is by requiring a “Standard Sale.” A Standard Sale has the following characteristics:

Ending Your Landed Partnership graphic

Standard Sale

Another way Landed ensures you get the best price for your home is by requiring a “Standard Sale.” A Standard Sale has the following characteristics:

  1. A licensed real estate agent is used to market and sell the home.
  2. The home is listed on the market (MLS) for at least 14 days.
  3. At least two open houses are held.
  4. The home is not sold to a friend or family member.

Staying in Your Home

If selling isn’t in the cards, or if you want to stay in your home and step into full ownership beyond the 30-year Landed term, you can buy Landed out of its stake in your home. You will owe Landed the original down payment investment, plus a percentage of the appreciation (or depreciation) that your home has realized.  

We calculate the percentage share in this way: For every 1% Landed contributes to the down payment, you’ll share 3.3% of the appreciation or depreciation with Landed. The difference here is that Landed would not be paid out of money received from a buyer. You might do that by taking out a new mortgage once you’ve built up enough equity in your home to refinance.

If you’re interested in ending the partnership without selling, you’ll need to notify Landed to start the process. We’ll schedule a time for an independent, third-party appraiser to come evaluate your home and determine its value. Once the appraisal is complete and you’ve lined up the money to buy out Landed, you’ll be able to close out your Landed partnership.


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Guides/Tips Closing on Your Home

About the Author


Former educators on the Landed team created these materials to help you on your homebuying journey. Landed supports educators on the path to homeownership by providing a personalized team that includes a partner agent and a Landed homebuying expert. We help families navigate all of their options for buying a home, including our own shared equity down payment program. Our team provides free homebuying education and guidance as well as competitive offer reviews for educators. Landed works with K-12, college, and university employees in expensive metro areas like San Francisco, Seattle, Portland, Denver, Los Angeles, San Diego, and Hawaiʻi. To learn more visit landed.com.

Looking for Landed's down payment program? Due to a temporary unavailability of DPP investment funds, all Landed metro areas are being put on a DPP waitlist effective September 8, 2022. You can read all the details (including FAQs) here if you would like to know more.