3 Answers

askguru expert
Hi Edd Latif,

As pointed out by Muhd Fahmie, once the property is sold, the outstanding amount will be handled/settled between the seller's bank and buyer's bank (which they took the loan from). If the selling price is more than the outstanding loan amount, then the seller is likely to receive a sum (if the deductions such as legal fees, RPGT, and so on, do not exceed the gains amount).

You may get clearer clarity on the selling process and the cost involved from these articles:
- https://www.propertyguru.com.my/property-guides/how-to-sell-house-malaysia-17928
- https://www.propertyguru.com.my/property-guides/selling-a-house-in-malaysia-what-to-pay-for-18326

Hope this helps.

Best regards,
Team PropertyGuru Read More
Hi. It's not a problem. Your loan outstanding will be paid by the buyer (cash or loan) during property transaction. Kindly contact me at 0123237189  for further assistance. I'm Fahmie, from MN Associates (KL) Sdn Bhd. Thank you and have a great day. Read More
Dear Owner, I m HL Lau ( Ren 07391) Senior Real Estate Negotiator from YP Lois Realty (E31103) U can contact me at 019-3532183  / Email : properties2u@hotmail.com . I can assist u to Sell/ Rent your unit.. TQ (Specialize in Sales / Rental Residential / Commercial / Land Properties within Klang Valley) Read More