I don’t think there’s a problem, but make sure that the house is not being held by the bank as collateral. One of my friends once bought a house but didn’t transfer the ownership because a small payment was still pending. After a year, the previous owner moved abroad, and my friend later discovered that the house had been used as collateral for a bank loan. As a result, the bank took possession of the house and sold it. After a month of court proceedings, my friend received only 15% of what he had paid for the house. So, you need to make sure that the reason the ownership hasn’t been transferred isn’t something similar. Do proper research on the house before proceeding.