My mother died recently and she left a 4 bedroom house in a Boston suburb to her 7 grandchildren. Our job is to decide what to do with it as there is some interest in the grandkids to keep it. There is no real pressure on a timeframe. The house isn't in great shape but it is in a great location and neighborhood. It would likely be a teardown because it was built in the 1920s and people with the money to buy it want modern infrastructure.

My understanding is that this is happening a lot in the Boston suburbs. One nice thing about the Boston suburbs is that people living in the area want good schools and will fund them. But they won't necessarily pay for other stuff that can be put off.

We live in NH and the thing that stops us from buying the place is the age and MA taxes. I go down once or twice a week to maintain the place as does a sister that lives nearby.