Apartment purchased transfer?

Question

Hello everyone,

I bought an apartment.

A loan of €200,000 was taken out. The payment is due to arrive at the seller's IBAN on September 26.

How does something like this work? Does the bank transfer the money itself? And when? Or will I receive the money in time and have to transfer it myself? If so, do I have to go to my bank and transfer it from there? Or can I do it easily via the app?

Thank you for your experiences

twinax · Answer

In my case, the bank has transferred the amount directly to the seller!

derhans · Answer

It usually runs through the notary's account. It ensures that the transfer of ownership will also take place by train

icrushu · Answer

With such a high amount, a trustee would be recommended. You pay the money to a trustee and this only pays to the seller when you are registered in the country register.

ellaluise · Answer

You will have to contact the bank, for security reasons you will also have a transfer limit and you will have to "freely switch" the amount, then you can certainly make it a normal transfer.

You could also have this done directly at the bank. That's what you're doing on site.

Make sure that the conditions for the purchase price are met.