My father died recently and left me and two siblings a house with no mortgage. I am in the process of being declared executor of the will. My brother goes to the house every weekend for a “staycation,” however my sister and I live in other states and can only return to the hometown a few times per year.
Onto the matter at hand: It’s clear to me that you suspect your brother has an ulterior motive in suggesting that the family keep the home. After all, he’s the one who has essentially inherited a vacation home for him to use alone, and it appears he is only partially responsible for its upkeep and taxes. You’re undoubtedly resentful of this set up.
“ Homes in many parts of the country see multiple offers that drive the ultimate sales price even higher than what you may list it for. ”
Don’t sell it, rent it
Living in a sound house with no mortgage is the only way to fly. It’s also one of the things for easy early retirement, that and being totally debt-free.
Keep it until your kids grow up, NO debts maybe taxes. see how much are those or that. then decide if you can offord, if not then sell high. 750K to 1.5Mil
Did you get an inheritance tax?
Do u guys hav a house to stay or not in the first place? If no, why sell?
Duh peak market what a dumb question
The middle class struggle is real
Research tax on the sale first. Is it cap gains from being willed to you and does it reduce over time. Rent it in the mean time if so.
No
Experts seem to think that bitcoin can destroy stock market cap. WHAT DO YOU SAY? ☑️
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