Nazzy – we live in cv, and have been through very similar to what you are talking about. First of all, don’t always believe what the seller’s agent tells you. Things are so crazy right now they can say anything and be believed. On the other hand, i know there is a lot of competition. Is it possible for you to let things die down and start looking again in September or October? The competition dies down, and prices also come down (a bit). Because CV is so geared to education, everyone wants to close before the school year starts, and I think sellers get a bit more reasonable in August, Sept. You might be able to rent an apartment short term/month to month in Torrey hillls so that you have residency and can register your kids for school in the fall (although they may have to change elementary schools once you buy). it might be pricey but probably less than a mortgage payment. There are a few tricks to the school registration thing when you are in transition – PM me if you are dealing with that and want my 2 cents. Finally – remember that buying a house is always miserable. CV is a great place to live and eventually you’ll be done with it.