Would be interested to hear other people's thoiughts on our current situation.
We went on the market at the very end of May and received an asking price offer within a week. All good so far. The EA encouraged us to accept the offer even though the buyer would not be able to sort her finances properly until a few weeks down the line. We took the house off the market and started the conveyancing process. We also had an offer accepted on the house we want.
A couple of weeks in, I emailed the EA for an update and was told that our buyer was going to need to sell a property (not the home where she lives) in order to raise the necessary funds to proceed with the purchase of ours. The EA advised us to sit tight as he was sure she would sell quickly, which she did. Again, all good.
A few days later I had another call from our EA saying that our buyer's sale had fallen through, she was back on the market and that we would most likely need to do the same in order to keep our options open. So, we are now back on the market and our vendor is hanging on for us (at the moment).
My issue is that we have a very saleable house (as evidenced by the level of interest when it first went up for sale), it's in a popular area and it's a fair price. The EA said we should expect to be inundated with viewings, but so far we only have one booked in for the weekend. I realise that this is better then nothing, but I'm wondering if there's more to this than meets the eye?
We're in a funny limbo situation now whereby we're waiting either for our buyer to sell her property or for us to find another more proceedable buyer. There is also a third option in which our buyer may be able to access a mortgage without having to sell her property but it will be a few weeks before she could do that.
It's all very frustrating as there are so many variables and none of them are in my control. I'm trying to unravel the various outcomes and wondering why we haven't had more interest since going back on the market. Any ideas gratefully received! TIA.