Congratulations, you sold your land. Here’s what happens to your money, and what paperwork follows.
Getting paid
There is no escrow on Fabrica. The buyer becomes the owner and you get paid in the same transaction.
If the buyer paid with crypto, your proceeds arrive in your account instantly as stablecoins (digital dollars that always equal $1).
If the buyer paid through their bank, the sale completes once the payment clears, typically within a few days. The app shows “You’ll get paid by” with the expected date, and we’ll email you when the money lands.
Your proceeds are the sale price minus Fabrica’s fee. Fabrica charges 1% of the sale price, paid from the seller’s proceeds. The buyer pays exactly the listed price. So a $100,000 sale puts $99,000 in your account.
Moving the money to your bank
Click Cash Out in your account to withdraw the money to your bank account. Each withdrawal is capped at $20,000. For larger amounts, make multiple withdrawals or contact us and we’ll help.
A few things to know about cashing out:
Fabrica does not add a withdrawal fee. Any processing fee belongs to the payment processor, and it is itemized on screen before you confirm, so you see the exact amount you will receive.
The transfer moves at standard bank speed, not instantly. How long that takes depends on your bank.
The county paperwork
After the sale, the change of ownership gets filed with the county so records stay clean. In California this is fully automated. In some counties we may email you (subject: “Action Required: Transfer Paperwork”) if extra information is needed. Just reply or follow the steps in the email.
When your buyer pays by bank
Not every sale settles instantly. If your buyer pays from their bank account, the sale completes once their payment clears, typically 5 to 7 business days. During that window the property is still yours, and we track the payment for you. We email you when the money is on its way and again when you have been paid. If the buyer’s payment fails or is returned, we will let you know and your property stays with you. There is nothing you need to do while a bank payment clears.
If the county still bills you after a sale
County records can lag behind the actual transfer, so a tax bill or notice for land you already sold may still show up in your name. Nothing is wrong: the recorded deed is the proof of the transfer, and the county recorder has it on file. If you need a copy of the recorded deed, ask us in the chat and we will retrieve one for you. If you receive a tax bill for land you sold on Fabrica, forward it to us through the chat and we will help sort it out.
Taxes
We can’t give tax advice, but here’s what to know:
Income and capital gains. If you sold for more than you paid, you may owe tax on the gain. Real estate sales are generally reported to the IRS on Form 1099-S. Talk to a tax professional about your situation.
Property taxes. Once the sale completes, responsibility for property taxes passes to the buyer along with ownership.
No pro-rata tax settlement. There is no escrow or closing settlement on Fabrica, so property taxes are not prorated between buyer and seller. If you prepaid taxes for the year, the sale does not refund the surplus. The price shown on Fabrica is final and inclusive of all sale terms, so set your price with that in mind.
No withholding. Fabrica does not withhold state or federal taxes from your sale proceeds. Some states have their own withholding or filing rules, especially for sellers who live out of state. Ask a tax professional what applies to you.
One more thing: sales on Fabrica are final. Once the transaction completes, it can’t be reversed.
If you get stuck, message us through the chat bubble in the corner.