Our house went under offer in May to a cash buyer. We are porting our low rate mortgage which still has a number of years on, and making up the rest of our purchase with cash. We have seen three houses we really like (1) elderly lady, who changed her mind and pulled out (2) couple who overpriced and we offered what our EA who is selling ours valued it at and (3) we’ve made an offer 10% under asking a week ago and the vendors want to ‘leave it on the table’ until they get a better one.
we’ve kept our buyer in the loop and they’re happy to wait but is the market just say such a standoff that are we better off waiting? We thought we would just keep going until our buyer has had enough, which I don’t think will eve long now.
all feels impossible! What should we do?