We sold our house in November on the understanding that we need to find a suitable house to buy. Since then there has been very little coming on the market so we still haven’t found anywhere.
Our buyers are, understandably, growing impatient and want us to instruct our solicitor so that their solicitor has the relevant documents to “complete [their] side of the process.” We’ve been advised by our solicitor not to take any further action until we have an offer accepted on a property.
Has anyone else found themselves in this position and what did you do? Do we sit tight and hope houses start coming on the market soon? Do we walk away and relist our house when there seems to be more coming up?— this means we risk missing out on any houses that come on the market in the meantime and also there’s the risk of getting a lower price for our house. We really don’t want to sell up and move into rented at this point.
I hate to mess our buyers around and feel really uncomfortable with them wasting money on solicitors, surveys, etc when we aren't in a position to proceed.
Also, has anyone had any experience of leaflet dropping to let property owners know you’re interested in their house? We’ve wondered about doing this around the main area we’re looking at.
Any advice would be greatly appreciated.