Quote:
Originally Posted by 8gv
Sell it.
Here’s why:
It is heart breaking for parents to see there kids have a poor relationship with each other.
The potential for that is high because each of you will need to start paying for real estate tax, insurance, utilities and maintenance.
Splitting that equally will still cause trouble because each sibling will value the use of the house differently.
The one that uses it most will be looked upon to pay more.
The one that uses it least will wish to sell.
All this assumes that no extraordinary financial factors come about for the house or siblings that own it.
There goes the relationship!
To everything a season.
Sell it now.
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We ran into this issue with a camp my inlaws had. When they passed there were disagreements between the 5 siblings. 3 wanted to sell, 2 wanted to keep it. In the end one sibling bought out the other 4. Now they all have their own second homes.
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