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Hello. I intend to sell off my house (current market price is around RM500k) - and still servicing the bank loan (less than RM40K). My question is, do I need to settle the remaining of the loan before selling it off? How does it work? Any advice is appreciated. Thank you.
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4 Answers

you dont need to settle the outstanding as the lawyer will do the apportion and bank will pay you the balance of selling price after deducting the remaining loan amount.Contact me at 012-3033788  if you need my real estate services.My name is Elvie Ho and I am attached to Reapfield Properties Maklumat lanjut
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<en>Zawana BT Zaidi</en> <en>Ana</en>
<en>David</en> <en>Wong Lai Kwong</en>
Hello, you do not need to settle the balance remaining loan in order to sell your house. Once you have secured a buyer for your house, the buyer's borrowing bank will settle and redeem your bank outstanding loan within 3+1 months from signing the Sale & Purchase Agreement.
Should you need any assistance to sell off your house, you may contact me at +60193330573  or email davidwong@quantumrealestate.com.my
Thank you.
David Wong
mOBILE:+60193330573
Licensed Agent (E2097)
QUANTUM REAL ESTATE - E(3)1320 Maklumat lanjut
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