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Esteemed Contributor
Posts: 5,750
Registered: ‎11-21-2011

Did you inherit your family home?

And if you did ,  do you live there, did you keep it or sell it?  If you sold it, what were the deciding factors and are you okay with that decision?

Honored Contributor
Posts: 26,549
Registered: ‎12-17-2012

Re: Did you inherit your family home?

No.  Family home was sold and parents moved on.  DD's family home was sold by ex DH and we moved on. 

Fate whispers to her, "You cannot withstand the storm." She whispers back, "I am the storm."

Occasional Contributor
Posts: 14
Registered: ‎05-03-2017

Re: Did you inherit your family home?

[ Edited ]

Yes my 3 brothers and I inherited the house. My parents expected us to sell it and for me to buy a condo with my share. That is exactly what we did. Of course the house sold in 5 days! We had to get busy cleaning it out fast!  I am not a new member I was pink roses and had to change my log ins. 

Respected Contributor
Posts: 4,180
Registered: ‎04-10-2012

Re: Did you inherit your family home?

Yes. Rented the home out for several years but market in the area is hot hot, so getting ready to sell.

Honored Contributor
Posts: 40,797
Registered: ‎05-22-2016

Re: Did you inherit your family home?

I did not inherit my home but I was given the opportunity to buy it from my mother's estate after she passed. It was an assumable loan that I could not pass up. 

Esteemed Contributor
Posts: 5,045
Registered: ‎04-28-2015

Re: Did you inherit your family home?

[ Edited ]

Yes.  My sister and I own my parents property.  We do not live there, but it will be passed down to the next generation. 

Honored Contributor
Posts: 15,641
Registered: ‎05-01-2010

Re: Did you inherit your family home?

Yes, my parents sold it when they went to assisted living. When they passed away, my two sisters and a brother and myself received the proceeds. The house was in a prime spot on the water. It was a beautiful house from 1910. Perfect condition. Everyone these days wants a McMansion. They leveled the house.

Respected Contributor
Posts: 4,838
Registered: ‎07-24-2013

Re: Did you inherit your family home?

my parents' home is in a trust. it is in  3 way trust with my mother,  my sister and myself.  i don't know what happens to my mother's third  when my mother passes away

 

i can forsee squabbling as in "mummee luved me better"   (i was not the favorite)

 

 

Honored Contributor
Posts: 8,420
Registered: ‎03-09-2010

Re: Did you inherit your family home?

[ Edited ]

My husband and I purchased from my father our family's shore house.  Eventually it became our primary residence.

 

My father died without a will.  My step-mother's son is a lawyer and gained POA, as she suffered from dementia. My father died in Ireland (with us) on a family vacation.  We did not receive a penny from his estate. (but karma has reared its head, believe me)

Honored Contributor
Posts: 25,929
Registered: ‎03-09-2010

Re: Did you inherit your family home?

My brothers & I inherited it , it was sold and the money divided. We all had our chances to go thru and pick out things we wanted to keep, but since I was the only one who lives closeby - they only took small momentos. I was very fortunate that a friend of DH's was getting a divorce and he purchased most everything in the house from me for one amount - he took dishes, furniture, towels, sheets,pots & pans - even the food from the pantry. He brought over a moving co. and they took it all out for me.He even swept it clean when they were done, so it was ready to turn over to the buyers.We were a blessing to him & he to us.