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Mom owns a home worth approx. 530K, what to do with it?

My mother owns our childhood home, where she lives by herself after my dad’s passing.

Single family home: 2,100 sqft, 4 bed 2 bath, built in early late 1990’s. Neighborhood zip-code: 95382. The home is valued at about 530K.

The home is just to big for 1 person to be living in. My mom wants to purchase a smaller home that she can live and retire in.

My questions is, what should she do with the home? The only two options would be to sell or rent, what would be the benefits for her to do either-or. Tax pros & cons, etc. Are those the only two options?

What are your guys thoughts. Thank you in advance.

submitted by /u/lightscody
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source https://www.reddit.com/r/RealEstate/comments/e38cgt/mom_owns_a_home_worth_approx_530k_what_to_do_with/
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