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The idea of selling it and gifting the proceeds is pretty dicey imo. It’s like trying to time the r/e market, you’re trying to time your parents death.
Unless they are in good enough health to facilitate the sale, or they have a terminal illness which allows enough time to sell (which, would be pretty shitty to try and rush a sale of the house a dieing person is living in) it’s pretty tenuous to attempt it
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