Apartment sale and simultaneous house purchase

Hello everyone,

I am currently in the process of selling an apartment (109m2), 4 rooms, good location with underground parking space in Wolfratshausen (south of Munich). The intended sale price is €444,000. I own half of the apartment. The house I would like to acquire is a semi-detached house in the Dachau district for the price of €520,000. Financing is basically approved by the bank. Initially, the house, just like the current apartment, is to be rented out. Moving in is planned in 5 years when the loan for the renovation of my parents' two-family house (where I currently live in the finished floor) is paid off. Unfortunately, the apartment cannot be rented out otherwise and I am not registered in the land register, so it is not my property.

However, I have a problem: I can only purchase the house once the apartment is sold, right? Because the equity (€170,000) is supposed to come from the apartment sale. Otherwise, I unfortunately do not have equity of this amount available. Since houses in the area sell quickly, I cannot keep the seller waiting forever.

Do you have any idea how I should best approach this?

Regards

Whose property is the apartment that you want to sell?
You are aware that you can only sell what is your property?

Regards, Yvonne

The apartment belongs 50 percent to me and 50 percent to my sister. An agreement on the sale exists and all documents have been submitted to the real estate agent. The apartment I live in is a 3rd apartment that has nothing to do with the other two properties.

Negotiate interim financing with the bank. As soon as the money is available, you can repay the loan immediately.