3 Things You Must Do after Inheriting a Home

3 Things You Must Do after Inheriting a HomeThere can be a lot of excitement when it comes to the realization that you’ve inherited a home, but simply because it’s an inheritance doesn’t mean there aren’t a few strings attached. Whether you’re expecting to be gifted with a home in the future or you’re currently going through this process, here are a few things you may need to watch out for.

The State Of The Mortgage

Once a home has been effectively handed over to you, it’s important to determine the status of the mortgage with the lender and if anything is still owed. While you have the option of taking over the mortgage in a lot of cases, in the event that there’s a reversible mortgage or you’re choosing to rent it out as a second property, you may not be able to transfer the mortgage. While this can often be a rather seamless process, if money is owed there can be other factors to consider.

Determine If You Want It

If you already have a first home and don’t want to take care of your second property as a rental unit, it’s important to realize that keeping the home may not be the best decision for you. While you have the option of organizing a short sale if you’d like to get it off of your hands, you can also contact a real estate agent who will be able to provide you with advice on how to proceed if you’re unwilling (or unable) to take control of the property.

Is It In Good Condition?

Whether you want to keep the home or not, there can be cases where it’s not even a question if it’s a home that you’re going to end up investing money into without much return. In the situation that a lot of money is owed on the house or there are serious issues with its general condition, you may want to release yourself from the inheritance and move on with your financial situation still intact.

There can be an instant feeling of acquired wealth in the event that you’ve inherited a home, but a home in bad condition or that you don’t want to take care of can end up being more of a headache than anything else. If you’re currently considering your options when it comes to a home inheritance, please contact me for more information – J.P. Cook – 602-320-4253.

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4678 N Bear Flat Road Payson, AZ 85541

$1,950,000
6 Beds
4 Baths
4,378 SqFt
Status Active
MLS # 6765214
Property Type Single Family Residence
Price Type --
Retreat on Tonto Creek. It was just a 700 SF cabin when Bill bought it in January 1973, but it sat high above Tonto Creek in a small enclave called Bear Flat. Over the years, Bill traveled the world as an executive in the hospitality industry, but no matter the exotic destinations he visited, he always returned to Bear Flat. Its allure, its remoteness, its peace, fulfills its residents. Once you've been to Bear Flat it enters your blood; you find yourself drawn to its beauty. Over the years, there were several additions. The great wall and steps down to the creek were built by Bill and his sons with stones gathered from the surrounding land. Today this retreat on Tonto Creek includes a large island kitchen, over 200 feet of view decking, a treehouse and over 700 square foot garage.

2181 E La Vieve Lane Tempe, AZ 85284

$1,950,000
6 Beds
4 Baths
5,137 SqFt
Status Active
MLS # 6793564
Property Type Single Family Residence
Price Type --
Located in prestigious Circle G Ranches, this beautifully designed home offers luxury and comfort. A grand foyer with travertine floors and sweeping staircase welcomes you. The chef's kitchen features granite countertops, stainless steel appliances, and a walk-in pantry. The spacious family room has a stone fireplace and views of the resort-style backyard with a heated saltwater pool, spa, fire pit, and outdoor bar. The luxurious master suite offers a private balcony, jetted tub, and cedar closet, perfectly designed for relaxation. A three-car garage, RV gate, and access to community amenities complete the package.

22719 N 93rd Street Scottsdale, AZ 85255

$1,950,000 - 4Br/3Ba -  for Sale in Pinnacle Peak Vistas, Scottsdale
New
$1,950,000
4 Beds
3 Baths
3,189 SqFt
Status Active
MLS # 6800620
Property Type Single Family Residence
Price Type --
This 3,189 sq. ft. corner-lot home in North Scottsdale offers a prime location just minutes from restaurants, shopping, hiking trails, and other amenities. Designed with a functional layout, it features four bedrooms, three bathrooms, and generous living spaces. The principal suite, with direct backyard and pool access, serves as a private retreat. Multiple living areas, including a family room, formal dining room, and living room, offer picturesque views of the spacious outdoor space. The kitchen boasts new quartzite countertops, island seating, stainless steel appliances, and ample storage, catering to both everyday living and entertaining needs. The backyard features a pool, an outdoor fireplace, and a multi-purpose recreation area, all framed by mountain, city light, sunrise, ... and sunset views. A three-car garage completes the property. This home, thoughtfully designed and maintained by its original owners, is available as a turn-key purchase, with exclusions provided upon request.

9998 E Taos Drive Scottsdale, AZ 85262

$1,950,000
3 Beds
3.5 Baths
3,460 SqFt
Status Active
MLS # 6694885
Property Type Single Family Residence
Price Type --
Golf Membership Available- Nestled within the serene embrace of Desert Mountain, this exquisite property in Renegade Trail embodies the essence of easy living and timeless elegance all year, as well as a perfect lock and leave for shortened stays. Proudly offered by its original owners, this meticulously crafted residence boasts a prime location, mere moments from the front gate, New Renegade Clubhouse and the Sonoran Fitness Clubhouse, ensuring effortless access to all the community has to offer. Stating a timeless Arizona contemporary style, this home welcomes you with its one level living, adorned with stacked stone accents and sleek metal facia showcasing clean lines and captivating angles. Step through the private gated courtyard, where tranquil cactus gardens and inviting sitting areas set the tone for the serenity found within. Geometric ceiling designs grace the central living spaces, where open wood plank ceilings soar from 9 to 17 feet, complemented by dropped perimeter ceilings with expansive clerestory windows, infusing the interiors with radiant natural light. The heart of the home unfolds seamlessly, inviting gatherings and fostering cherished moments. The great room, with a prominent fireplace, reclaimed barn wood floors, and expansive windows framing picturesque views, invites relaxation and conversation. Adjacent, a sophisticated office space awaits, offering a serene retreat with a slider to the patio, mitered corner windows, and a niche with built-in furniture piece. The expansive kitchen with stone tiled floors, spacious island with seating for 4 and plenty of storage will delight any chef. Enjoy casual meals and outdoor vistas within the kitchen space with table space for 4 and the slider to patio. For larger gatherings the adjacent dining space with continued geometric ceiling detail provides a pleasing as well as intimate backdrop for sharing meals with family and friends. The L-shaped wet bar ensures libations flow, adding to the ambiance of any gathering. Retreat to the private Primary Ensuite, a sanctuary of luxury and tranquility, presenting a two-sided fireplace, scraped hickory floors, and a slider to the serene patio oasis with raised cactus gardens and a soothing fountain. The ensuite bath pampers with dual vanities, a spa-like tub with stone surround, and a spacious walk-in shower, while the expansive walk-in closet ensures ample storage. Two additional ensuites offer comfort and privacy, each appointed with its own unique charm and character. Outside, the L-shaped patio beckons with its covered living areas, grilling station, and linear salt pool, offering the perfect setting for outdoor entertaining or serene relaxation. Enjoy vistas of blazing sunsets, the surrounding mountains and Sonoran Desert landscape, creating an idyllic backdrop for year-round privacy and outdoor enjoyment. Renegade Trail presents an unparalleled opportunity to partake in the world-class amenities of Desert Mountain, including 7 clubhouses, 7 golf courses, 20 miles of hiking trails, and a variety of dining options, all set against the breathtaking backdrop of the Sonoran Desert landscape. Discover the epitome of desert luxury living in this remarkable Desert Mountain residence.

5141 N 35th Street Phoenix, AZ 85018

$1,950,000
4 Beds
3 Baths
3,707 SqFt
Status Active Under Contract
MLS # 6762208
Property Type Single Family Residence
Price Type --
Updated Arcadia ranch style home in the sought after Biltmore Heights neighborhood on an oversized private corner cul-de-sac lot. Indoor/Outdoor living at its finest with a front courtyard to take in Arizona sunsets, great room living with french doors leading to the spacious backyard with artificial grass, heated pool, multiple patios, built in bbq, putting green, and views of sunrises to start your day. Open floor plan in the main living area with a great room for formal or informal gatherings, updated kitchen with breakfast bar, large Owners Suite with access to the pool, 3 guest bedrooms, 3 full baths, large laundry room/craft room, detached art studio or office, and air conditioned third car garage currently used as workout room. Brand new roof and newer HVAC units. Conveniently located to some of Phoenix's best restaurants, shopping, and the Arizona canal path.

3959 S Summit Trail Gold Canyon, AZ 85118

$1,950,000
4 Beds
3 Baths
4,349 SqFt
Status Active Under Contract
MLS # 6787333
Property Type Single Family Residence
Price Type --
This 4,349 sq. ft. home in the gated El Mirador at Superstition Mountain community captures stunning mountain views from a private, elevated, cul-de-sac lot. The resort-style backyard offers a solar and gas heated pool, spa, shaded lounge areas, artistic landscaping, and outdoor cooking area perfect for entertaining/relaxing. Inside, energy efficient construction meets elegant design with roller shield and wood shutters, game room, and a spacious office. The main suite serves as a tranquil retreat, while the flexible layout adapts to various lifestyle needs. The 1,003 sq. ft. garage provides ample space for vehicles/storage. Priced at $1,950,000, this home blends luxury, beauty, and functionality in a highly desirable location with nearby walking trails and a serene Gold Canyon setting!

40070 N 111th Place Scottsdale, AZ 85262

$1,950,000
3 Beds
3 Baths
2,296 SqFt
Status Active Under Contract
MLS # 6794975
Property Type Townhouse
Price Type --
This Apache Cottage offers some of the most breathtaking Golf Course, Mountain, City Light, and Sunset views you'll ever experience. Whether you're dining, mixing a cocktail at the dry bar, or lounging on the couch by the gas fireplace in the great room, you'll be surrounded by ever-changing, spectacular vistas. Retreat to the primary bedroom, where a cozy fireplace and glittering city lights provide the perfect backdrop for relaxation and restful nights. Step outside to the backyard oasis, which features multiple sitting areas, a covered patio, a built-in BBQ, a fully tiled built-in spa, and a circular fire pit. Every day feels like a celebration in this stunning home—it's showtime all the time when you live here. Golf membership available.

1545 Flicker Lane Wickenburg, AZ 85390

$1,950,000
3 Beds
4.5 Baths
3,301 SqFt
Status Active
MLS # 6796642
Property Type Single Family Residence
Price Type --
Welcome to this quintessential Rancho De Los Caballeros home, a true desert gem nestled on a stunning 1.5 acre golf course lot. This exquisite slump block home features a beamed great room w/ a grand rock fireplace and gorgeous Saltillo tile flooring complemented by wood accents throughout. A chef's dream kitchen boasts colorful Mexican tile countertop, with custom cabinetry, Wolf gas cooktop, dbl wall oven & island. Home also features new Pella wood trim windows & doors. Two luxurious master suites, each with a beautifully appointed BA, plus an office for remote work. The separate 1BD 2BA, LV area guest Casita is perfect for your favorite guests. Elevated outdoor living w/ FP, BBQ, pool, stunning desert landscape & solar! This is the ultimate Los Cab retreat.

41327 N 106th Street Scottsdale, AZ 85262

$1,950,000
3 Beds
3.5 Baths
3,000 SqFt
Status Active
MLS # 6613965
Property Type Single Family Residence
Price Type --
Beautifully reimagined in 2023, this home looks and feels like a brand new build. Tastefully remodeled under the watchful eye of Laura Weaver of Weaver Interiors, this now all en suite, three bedroom, three and a half bath home features a stunning array of premium quality features and upgrades. The lot orientation offers an ideal southwest exposure, showcasing city lights and sunsets from the generous outdoor living space. The gorgeous new kitchen has custom crafted walnut cabinetry, quartz countertops and backsplash, a quartzite eat in kitchen island and Wolf/Sub Zero appliance package. Two main living areas boast new fireplaces and each provide dining spaces with distinctly different feels and ambiance. New Carrier HVAC units and Sonos audio system. New opportunities for immediate temporary Lifestyle/Seven membership to the Desert Mountain Club for approved applicants.

14830 E Rhoads Court Fountain Hills, AZ 85268

$1,950,000
4 Beds
4.5 Baths
4,185 SqFt
Status Active
MLS # 6641512
Property Type Single Family Residence
Price Type --
'''Artistic Seclusion'' a Frank Lloyd Wright inspired contemporary estate, tucked in the west end of Sunridge Canyon and backed on two sides by public land, Offers first-class privacy and luxury living. This property is double gated and has a private long driveway from the cul-de-sac to the main building. The modern fusion of steel and glass creates a striking contemporary impression. The main entrance features an artistic 18-foot iron/glass door and the garage entrance is equipped with an electric lift to the open space grand room which, with extra high ceilings, features a hidden TV behind artistic metal panels over the fireplace and high walls of glass all covered with motorized blinds. The chef's kitchen boasts imported Italian cabinets, luxury Gaggenau and Thermador appliances and stainless countertops, dual raised bars, and more. All rooms are built in a circle around a central courtyard with artistically designed two-tier waterfalls, rocks and plants. The glass walled corridors around the courtyard are equipped with gallery grade picture hanging tracks and spotlights to present the owner's art collections. All guest rooms are as spacious as the master bedroom and each has its own in-suite bath and patio. The estate is surrounded by lush foliage. The backyard oasis includes a sparkling pool with motorized pool cover, heated spa, firepit and an outdoor kitchen. The estate is adjacent to Sunridge Canyon golf course and The Club at Adero, and is 10 minutes to Mayo Clinic.

4509 S Banning Drive Gilbert, AZ 85297

$1,950,000
5 Beds
4.5 Baths
5,283 SqFt
Status Active
MLS # 6774609
Property Type Single Family Residence
Price Type --
Step into your dream home in the prestigious gated community of Weston Ranch—featuring a home of the perfect blend of luxury and modern upgrades with a seamless indoor-outdoor lifestyle. This home features a Mediterranean-inspired courtyard, setting a resort-like tone from the moment you enter. Perfect for entertaining, the expansive living spaces flow effortlessly, highlighted by an upgraded gourmet kitchen with high-end appliances and a large island, ice machine, and coffee and beverage bar ideal for hosting gatherings. A teen or flex space creates an inviting atmosphere and opens to the courtyard. A separate guest house provides privacy and flexibility for visitors or extended family. The den is naturally lit for perfect inspiration of working at home or starting your next business venture. Enjoy Arizona outdoor living with a travertine-surrounded pool, cabana with an outdoor kitchen, gas fireplace, and easy-care desert landscaping and new artificial turf. Take a stroll on the peaceful walking path or if pickle ball is your game, there is plenty of space to add a court on the property. If you are looking for a home with style, sophistication and a peaceful retreat with ample storage and a 4 car garage, you've found your home and it's located in one of Gilbert's most exclusive communities.

1525 W Maddock Road Phoenix, AZ 85086

$1,950,000
3 Beds
2 Baths
1,820 SqFt
Status Active
MLS # 6752615
Property Type Single Family Residence
Price Type --
ATTN: ALL ROPER & HORSE ENTHUSIASTS! Here's a unique opportunity to own almost 10 acres in a desirable location, 20 mins to Dynamite Arena & less than 1 hour to Rancho Rio in Wickenburg. Lazy S Bar D has everything you will need to operate as a trainers facility, commercial boarding, hold equine events or enjoy for your own personal use. Amenities include a 310' x 140' Arena under LED Lights, Priefert automatic roping chute, Priefert alley, plenty of Priefert cattle pens & turnouts, 3 mare motels w/ 40 spacious stalls, plenty of tack storage, 48' x 60' storage, 15 RV Hookups & a great producing private well w/ storage tank! The home features an open floorplan - great for entertaining, granite countertops in kitchen w/ stainless steel appliances, a laundry room w/ outdoor access, large... primary bathroom w/ jetted tub & beautiful cabinetry throughout.