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Should we sell our home valued at $2 million in the Adirondacks and move to be closer to our son? Everyone’s telling us not to. – Morningstar

By Aarthi Swaminathan

“No one makes much of an effort to visit. And even though everyone groan…….

By Aarthi Swaminathan

“No one makes much of an effort to visit. And even though everyone groans when I suggest selling, I’m sure my son will sell it when we’re gone.”

Dear Big Move,

We’re a retired couple in our 70s, living by a beautiful lake in the Adirondacks. We own a big house and have been advised that we could sell it for about $2 million.

We love it here, but we’re tired. The maintenance and work both are wearing us out trying to keep the house up. And we’re concerned about what the future holds.

Our only son lives in Connecticut with our two grandchildren and we’re thinking that we might move there.

But the traffic situation scares us a bit. And while we’d get to spend some time with family, the children are off to college soon, and our son has a very demanding high-powered job that takes up a lot of his time. He also has a social life. We don’t want to interfere and become an obligation to anyone.

We still have friends who are alive, but they live in places we don’t want to be.

So we’re confused: Should we stay in the Adirondacks until we physically can’t, and then sell the house?

No one makes much of an effort to visit. And even though everyone groans when I suggest selling, I’m sure my son will sell it when we’re gone.

Money isn’t a problem but getting reliable help can be a challenge. Any ideas?

Signed, Alone in the Adirondacks

‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage.

Do you have a question about buying or selling a home? Do you want to know where your next move should be? Email Aarthi Swaminathan at [email protected]

Dear Alone in the Adirondacks, </…….

Source: https://www.morningstar.com/news/marketwatch/20220903344/should-we-sell-our-home-valued-at-2-million-in-the-adirondacks-and-move-to-be-closer-to-our-son-everyones-telling-us-not-to

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