Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
Utilities are more expensive.
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Well, it's a common way to transfer wealth.
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There's no recent data that tracks home inheritance nationally, but we hear from realtors, we hear from advisors that people continue to do this.
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It's a nice way to leave a legacy financially to your family, and you're hoping also maybe the people hold on to the house.
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That's often not the case, though.
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More than three-quarters of parents plan to leave a home to their children later.
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when they die.
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And that's according to a 2023 Charles Schwab survey.
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But on the flip side, children are often reluctant to sell, but finances and simplicity of unloading the property often win out.
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So nearly 70% of those who expect to inherit a home from their parents plan to sell it.
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And that's according to the survey as well.
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So people want to get rid of the house.
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got to think about if you're the inheritor, can you afford this house?
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We're dealing with rising costs of renovation.
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Property taxes are higher in many areas of the country.
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Utilities are more expensive.
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Not to mention, there's no official stats on this.
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But in general, what I hear from advisors is that people tend to inherit the home longer
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when they're in their 50s or 60s, sometimes a little earlier.
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But by that point, many inheritors already have their home.
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Showing 1101–1120 of 3,082 · page 56 of 155
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