Asked by Eileen Smith, Atascadero, CA • Thu Aug 7, 2008
My father in law past away February of this year and left his Atascadero home in a trust for his 3 children, my husband (the executor of the trust) and his 2 sisters. The home is on the west side of Atascadero. It is 1650 sq.ft, and is on about 1/2 acre. 3 bed, 2 baths. We have had an inspection and it needs to be tented, needs a new roof and the deck that wraps around the back of the home needs replacing. No remodeling has been done to the inside of the home since his parents bought it in 1988. The home is completely paid for.
When the property sells it is to be split evenly between all siblings. My husband and I are paying for the current upkeep of the home, which is roughly $350 per month. We have kept utilities, cable, etc going as we go up there when we can. We live in San Diego.
Is it best for us to sell now with doing the minimum in repairs or hold onto it and sell in a few years?
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