For clear understanding of the processes of selling your property, it is BEST to sit down with
a Realtor who could assistance you in running the numbers and address all of the likely expectations
of buyers and ways to negotiate to make the situation a Win Win for both parties involved in a timely manner.
How the money is paid depends on the sales price and other factors.
When you don't have the knowledge about something you turn to the source of the something you are looking to understand. In this case a Realtor and you've come to the right place
If you have any other questions, Continue to reach out...someone else may have the same question.