Own apartment and moving abroad

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sky2
Posts: 177
Joined: Tue Dec 16, 2014 7:40 pm

Own apartment and moving abroad

Post by sky2 » Fri Nov 09, 2018 9:25 pm

I purchased an apartment a couple of years ago. I'm considering to move abroad as there are some good opportunities for me.
In case of moving abroad, what are the options to sort out the apartment/bank loan.

1. Am I required to sell it on my own and return loan in cash to he bank, or can I just 'sell' the apartment to the bank and they can take care of selling process?
2. Is there any option to lease it to a housing company who can rent it?

Is there any other option?
Thanks for any information.



Own apartment and moving abroad

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betelgeuse
Posts: 4368
Joined: Thu Aug 29, 2013 1:24 am

Re: Own apartment and moving abroad

Post by betelgeuse » Sun Nov 11, 2018 12:29 pm

sky2 wrote:
Fri Nov 09, 2018 9:25 pm
I purchased an apartment a couple of years ago. I'm considering to move abroad as there are some good opportunities for me.
In case of moving abroad, what are the options to sort out the apartment/bank loan.

1. Am I required to sell it on my own and return loan in cash to he bank, or can I just 'sell' the apartment to the bank and they can take care of selling process?
You can't sell it to the bank. You can sell it on your own or keep it as a rental.
sky2 wrote:
Fri Nov 09, 2018 9:25 pm
2. Is there any option to lease it to a housing company who can rent it?
While legally possible, I doubt they are interested in the arrangement.
sky2 wrote:
Fri Nov 09, 2018 9:25 pm
Is there any other option?
Hire a real estate agent to either lease or sell the apartment.


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