We own a SFH in the south Bay Area and next year will be relocating to Orange County (Irvine/Costa Mesa area). We have 3 kids who will be ages 2-3 and a dog, so finding an interim living situation for them is a little less trivial. A couple of ideas that come to mind include:
1) Taking out a bridge loan – downside being the high interest rates/origination fees
2) Making offers contingent on sale of our Bay Area home (Seems like a non-starter in a hot market like OC)
3) Asking for a rent-back agreement – Compresses our window for making offers to a small time window?
The house doesn’t have a mortgage, does that open anymore options for us?