When does the money flow during a property purchase?

Hello,

the following case is ahead of us:

Sale of a condominium, purchase price 250,000, agreement with the buyer is given.
Currently, an existing land charge of 80,000 is still registered in the land register and can only be deleted on time from 01.12.2015 due to a six-month termination period, otherwise early repayment compensation applies.
The purchase contract is to be concluded in mid-September. When does which money flow? Do I have to wait for the entire amount until the land charge is deleted, or could I also contractually seek an arrangement that the difference of 170,000 becomes due upon signing the contract?

Thank you very much for your help

The (new) gym bag

Money is then paid when it is agreed upon in the purchase contract. But for what reason should the buyer transfer money to you in advance? What securities does he receive from you? Or can he already enter the condominium (economic transfer)? Etc. Discuss the possibilities with the notary, he is precisely paid for this question. (and not poorly)

Hello,

thank you very much for the quick response. The economic transfer will take place much later. We want to build and need the proceeds as equity for the new construction, so it is important for us to know from when we can plan with this money.

Hello,

thank you very much for the quick reply.
The economic transfer takes place much later.
We want to build and need the proceeds as equity for the new construction, so it is important for us to know from when we can plan with this money.

You can also have the sales proceeds or the additional proceeds financed temporarily by the new bank. Otherwise, talk to the notary.
HOWEVER, I would not pay you a cent if I do not receive any consideration or security in return = economic transfer and use of the condominium. You don't pay your craftsmen or the construction company in advance either and then hope that everything will go well with the construction;)

Hello,

thank you very much for the quick response.
The economic transfer takes place much later.
We want to build and need the proceeds as equity for the new building, so it is important for us to know from when we can plan with this money.

Same situation with my girlfriend!

Sell condominium - build new.
Buyer for the condominium is available.
Ultimately, it happened as follows.

Buyers had to finance part of the apartment. Bank said, without handing over the apartment, no money to the seller.

Purchase contract was concluded. Handover at the beginning of 2016.

With the purchase contract, my girlfriend went to her bank, temporarily financed the "proceeds" that will come from the sale and will repay the loan as soon as the money arrives at the beginning of 2016.