Selling a property with an outstanding loan is common. The key is to understand in advance how the debt will be settled, what documentation each party will require and how this will fit into the transaction timetable.
Bank information must be provided soon.
Request from your lender the details you need to know the status of the loan and the steps planned for its cancellation or settlement.
A real estate advisor can coordinate the commercial sequence, but loan conditions must be confirmed with the financial institution and, where appropriate, with specialist advice.
The timeline is built before negotiating
Reservation, signing and key handover require a roadmap aligned with banking and notarial timelines.
Explaining this framework in good time allows for transparent negotiation and reduces surprises when the buyer is ready to proceed.