I just sold my house -- after it being on the market for THREE years. So, don't make plans on based on selling or renting the other house anytime soon.
Why not rent the house, pocket the savings, and use it move to a better place if something opens up.
Moving from a house to an apartment was an adjustment for me. Hearing neighbors, being worried about making too much noise myself, not having a garage, having to unload my car every day, well... I miss my house!
I just think that in this economy, any chance to save without much sacrifice is a good thing.
For 3 days, I get to part of a thousand other journeys.