View Single Post
Old 08-04-2020, 11:27 AM   #6
tummyman
Senior Member
 
Join Date: Aug 2009
Location: Moultonborough
Posts: 780
Thanks: 233
Thanked 631 Times in 228 Posts
Default

We have known others who sold under similar situations and REALLY regretted it after the fact. My advice...hold it forever. If you sell, it is unlikely you will afford to rebuy at some future point. If the house is a second home for your father, he will be faced with capital gains tax on the sale....could eat into whatever inheritance you might expect. Stop worrying about inheritance $$$'s...you cannot put a value on the memories you will loose forever. As others suggested, help by paying the taxes and ongoing maintenance. Your dad will be very appreciative that you are preserving this place because of all the favorable memories. Just think how your kids/grandkids will have the same experiences. Selling, unless these is a desperate need for the money, makes for a bad experience. HOLD IT !!
tummyman is offline   Reply With Quote
The Following 6 Users Say Thank You to tummyman For This Useful Post: