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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7220 N 185th Avenue Waddell, AZ 85355

$1,700,000
3 Beds
2 Baths
1,000 SqFt
Status Active
MLS # 6691951
Property Type Single Family Residence
Price Type --
Here's your chance to one a piece of Waddell history...the iconic LITTLE KENTUCKY! Equestrians, trainers, breeders, this is the property you have been looking for. Offering an impressive 140 x 250 covered arena, 3 enclosed barns offering 16x16 stalls fully trimmed out with high pressure mister systems, water and electric, the large barn also offers a workshop shop and trainers office with kitchenette area, there is an additional 4 stall shed row offering 12x 32 stalls, 60' trainers round pen, hot walker, covered hay storage, several tack and storage areas, wash rack,. multiple pastures, exercise track, 32 stalls in total and not to mention the very comfortable and nicely appointed 3 bedroom apartment AND ASK US ABOUT THE POSSIBILITY OF PURCHASING THE MAIN HOME AND ADDTIONAL 4 ACRES!!!

38306 N 108th Street Scottsdale, AZ 85262

$1,700,000
5 Beds
5 Baths
5,217 SqFt
Status Active
MLS # 6752636
Property Type Single Family Residence
Price Type --
NOW PRICED at $325/SQ. FT. Discover contemporary comfort in N. Scottsdale's gated Mirabel Village. This Monterey home has 5,217 sq. ft. open-concept & split floor plan on main level seamlessly connect the chef's kitchen, featuring stainless appliances, a walk-in pantry and a butler's area, to inviting living spaces. The main level includes a spacious owner's suite with a fireplace, two ensuite bedroom, & a charming gated entry courtyard. For outdoor enthusiasts, you are close to hiking, biking & boating at Bartlett Lake. Just a mile from Desert Mountain & Mirabel golf communities, minutes from downtown Carefree & Cave Creek, this home also offers a versatile loft, balconies with stunning views, fresh paint, new light fixtures & 2 two car garage

6710 E Rockaway Hills Road Cave Creek, AZ 85331

$1,700,000
4 Beds
2.5 Baths
3,262 SqFt
Status Active
MLS # 6770674
Property Type Single Family Residence
Price Type --
Stunning Custom Home on Over 5 Acres-Experience the beauty of desert living in this stunning custom home, perfectly situated on over 5 acres with panoramic mountain views. Designed to embrace the scenic landscape, the backyard is your personal desert retreat, featuring a negative edge pool, spa, and ample space for outdoor relaxation and dining under the stars. Step inside to a grand entry that leads to a functional kitchen and breakfast living room, complete with a stacked stone fireplace. The primary bedroom and bath serve as a true owner's retreat, boasting a spa-like atmosphere with a soaking tub and a spacious walk-in closet. Enjoy spectacular views from the formal dining room, enhanced by a two-sided fireplace shared with the living room. An upstairs studio offers amazing views, making it an ideal space for creativity or guests. This unique property combines tranquility and beauty, providing the perfect escape. For car enthusiasts, the oversized 4-car garage is a mechanic's dream, while the property also includes a large covered stall with a shed/tack room, perfect for equestrian needs and ready for expansion. Don't miss your chance to make it yours!

5640 E Miramonte Drive Cave Creek, AZ 85331

$1,700,000 - 5Br/4Ba -  for Sale in Miramonte Unit Two, Cave Creek
Open House
$1,700,000
5 Beds
3.5 Baths
3,955 SqFt
Status Active
MLS # 6798955
Property Type Single Family Residence
Price Type --
Welcome to Casa de Kokopelli, an extraordinary masterpiece at 5640 E Miramonte Dr, S Cave Creek, AZ 85331. This breathtaking residence offers unparalleled 180-degree panoramic views from every room, just a short stroll from the charming Rancho Manana Golf Club and the vibrant town core. Perched on the coveted Miramonte Ridge, this one-of-a-kind home epitomizes elegance and sophistication with its unique Arts and Crafts style, highlighted by the exquisite use of mahogany, mesquite, and stone. As you step inside, you are greeted by a magnificent, great room that exudes artistry and craftsmanship. It features a stone fireplace that soars to the 12-foot ceiling. Expansive windows grace this space, bringing the stunning vistas indoors and fostering a seamless indoor-... outdoor experience. The north-facing deck and infinity-edge pool are perfect for relaxation and are easily accessible through elegant wood French doors from the great room, primary suite, and guest wing. Outdoor enthusiasts will appreciate the built-in BBQ and sweeping views. The kitchen boasts a new Café 33 induction cooktop & oven, granite countertops, a generously sized island, and a walk-in pantry. Custom details are found throughout, from the intricate floor mosaic to the vintage alder doors and themed baths, epitomizing this home's meticulous design. The split primary suite is a private retreat with floor-to-ceiling windows that offer breathtaking sunrise views over the mountains, all while nestled in the comfort of your bed. The en-suite bathroom is a luxurious haven, featuring a Jacuzzi tub, a snail shower with dual heads, and a walk-in closet with beautiful wood furnishings. For guests or extended family, the separate lower-level suite offers its private entrance through French doors, complete with a ¾ bath, kitchenette, and a remarkable 300 sq. ft. reproduction of a vintage English pub, surrounded by wainscoting and a copper ceiling. Additional features include an expansive RV/boat parking area with a separate driveway, an oversized three-car garage with workspace, and no HOA restrictions. Sustainable xeriscaping ensures low maintenance, while city water and sewer provide convenience. Recent upgrades totaling over $317,000+ have enhanced this home's appeal, including a foam roof, pool, deck, three-ton AC/furnace, water heater, and more. These upgrades enhance the home's appeal and ensure its excellent condition, providing peace of mind about your investment. Casa de Kokopelli is a timeless desert home, vibrant and full of character, promising a lifestyle of elegance and splendor.

11403 S 27th Drive Laveen, AZ 85339

$1,700,000 - 5Br/4Ba -  for Sale in N/a, Laveen
Open House
$1,700,000
5 Beds
4 Baths
5,189 SqFt
Status Active
MLS # 6798993
Property Type Single Family Residence
Price Type --
A Rare Urban Farmhouse Retreat on South Mountain Nestled at 1,500 feet on the southwest slope of South Mountain Park Preserve, this one-of-a-kind urban farmhouse estate offers a stunning blend of luxury, natural beauty, and ecological harmony. Encompassing 4.12 acres, the property features a 5,189 sq ft manor home, a massive barn, and an 85,000-gallon saltwater pool. The residence includes, Top Level: A private suite featuring 2 bedrooms, a gym, den, 2 bathrooms, and 3 decks. Main Level: A country kitchen with a grand hearth and hand-cut stone flooring, a media room, library, and multiple terraces and decks offering panoramic views. Lower Level: A self-contained suite with 2 rooms, a bath, and direct access to city views.

8942 E Stagecoach Pass Carefree, AZ 85377

$1,700,000 - 3Br/3Ba -  for Sale in Velvet Shadows, Carefree
Open House
$1,700,000
3 Beds
2.5 Baths
2,769 SqFt
Status Active
MLS # 6782342
Property Type Single Family Residence
Price Type --
Experience true desert luxury in this modern contemporary gem, located on an expansive lot in the serene high Sonoran Desert of Carefree, AZ. Surrounded by stunning mountain views and vibrant Arizona sunsets, this 3-bedroom, 2.5 bath home is designed for peaceful living and stylish comfort. The open floor plan boasts a spacious family room w/a sleek linear fireplace and new windows that bring the breathtaking desert landscape indoors. The gourmet kitchen features a large island w/beverage center, a cozy breakfast nook & abundant storage. The primary suite offers a private retreat w/spacious walk-in closet, luxurious bath w/double vanities and ample room for repose. The backyard is designed for relaxation and recreation featuring a lap pool, above-ground spa, covered sitting area and synthetic grassy area--all set against the backdrop of stunning mountain views! Additional highlights include a 2.5 car. garage and high-end finishes throughout. This exceptional property combines modern style with the serenity of desert surroundings.

30600 N Pima Road Unit 19 Scottsdale, AZ 85266

$1,699,999 - 5Br/4Ba -  for Sale in Sincuidados Unit 1 Lt 1-108 Tr A-l, Scottsdale
Open House
$1,699,999
5 Beds
3.5 Baths
3,272 SqFt
Status Active
MLS # 6786507
Property Type Single Family Residence
Price Type --
Price improvement! Fully upgraded 5 beds 3.5 bath is a hidden Gem in the beautiful Sincuidados subdivision on an Acre plus cul de sac Lot! All bedrooms on the first floor is a rare find with a den/workout room on 2nd level with beautiful mountain views . The Chef's Kitchen features custom cabinetry, Commercial grade gas cook top/Hood combination , High end Kitchen Aid appliances, quartz countertops & tile backsplash. Soaring high ceilings and custom stone fireplace touching the ceiling in the Family room/great room add to the luxurious vibe of this beautiful home.Separate formal Dine in area . The modern window galore add to the ambience and boasts of beautiful Mountain Views throughout the house!Seller willing to work with the buyer To buy down interest rates ! The private courtyard has cozy built in seating area and Fireplace perfect for gatherings. Owner's Suite features a separate sit in area with direct access to the backyard , a fully upgraded bathroom with quartz dual sink vanity ,LED Wall-mounted mirrors and an extended custom step in shower with custom built in closet. Huge pavered driveway has ample space to park multiple cars that leads to attached 3 car garage with built in cabinets , multiple storage rooms and Epoxy in all the garages. Tankless high efficient water heater is a plus! Guest bedroom features Custom bathroom with private outdoor access. Lavish backyard with private pool , The heated Spa with built in therapy settings perfect to relax and built in barbecue perfect for entertaining friends and family or hosting events, Possibilities are unlimited!!!

5223 W Encanto Verde -- San Tan Valley, AZ 85144

$1,699,997
4 Beds
4.5 Baths
4,311 SqFt
Status Active
MLS # 6759132
Property Type Single Family Residence
Price Type --
Magnificent property with incredible mountain views at Encanto Real is a dream come true! This gorgeous home sits on over a one-acre lot, offering an exquisite curb appeal complemented by a carefully designed desert landscape, paver patios & pathways, a 4 car garage, and two RV gates. The stunning interior will take your breath away with its massive open floor plan; from the impressive tall ceilings to the oversized tile floors and the sophisticated light fixtures, the sheer beauty & impeccable attention to detail of this sleek & contemporary design will leave you in awe. The living room has an accented wall with a recessed electric fireplace, adding warmth & comfort to the atmosphere. Elegance & modernity seamlessly mix in this refined white kitchen showcasing stacked shaker cabinets with crown moulding, glass door cupboards, granite counters, high-end Kitchen Aid Stainless Steel appliances, and an island with a porcelain farm sink. Multi-sliding glass doors connect the outstanding interior with the outdoor living. Generously-sized owner's suite hosts a luxurious spa-like ensuite with high-end details that'll make you feel in paradise. Freestanding double slipper tub, two vanity sinks, large glass shower with built-in bench & double rain heads, make-up vanity, and a massive walk-in closet are features that can't be left unsaid. In addition, this fabulous layout includes a spacious family room for movie nights and an entertainment room comprised of a large wet bar & an oversized waterfall bar with seating area and easy access to the back patio. The bountiful laundry room includes attached cabinetry, a utility sink, and abundant counter space. The big covered patio is ideal for relaxing while enjoying your favorite beverage and contemplating colorful sunsets behind the Mtns. The expansive backyard is a blank canvas waiting on its new owner's creative touch to transform into a desert Oasis. This value is a true wonder! You don't want to miss it. Act now!

12620 E Troon Vista Drive Scottsdale, AZ 85255

$1,699,995 - 3Br/4Ba -  for Sale in Sereno Canyon Parcel I Lot 204, Scottsdale
Open House
$1,699,995
3 Beds
3.5 Baths
2,599 SqFt
Status Active
MLS # 6663184
Property Type Townhouse
Price Type --
Desert Contemporary style architecture! This open 3bdr/3bth floor plan offers ample space for entertaining. Views of Troon Mountain and close proximity to the Mountain House Lodge Community Amenity. The Caullins' welcoming covered entry and inviting foyer lead to the spacious great room and dining room, with views of the large covered patio beyond. The well-designed kitchen is equipped with a large center island with breakfast bar, plenty of counter and cabinet space, and ample dual pantries. The beautiful primary bedroom suite is highlighted by a huge walk-in closet and deluxe primary bath with dual-sink vanity, large soaking tub, luxe glass-enclosed shower with seat, and private water closet. Designer appointed finishes throughout.

10975 E Greenway Road Scottsdale, AZ 85255

$1,699,990
4 Beds
3 Baths
2,788 SqFt
Status Active
MLS # 6797707
Property Type Single Family Residence
Price Type --
Prepare to be enchanted by this remarkable 4-bed, 3-bath masterpiece, an epitome of grace & modern luxury. From the moment you arrive, the 3-car garage, featuring attached cabinets, WiFi-enabled doors w/cameras, and epoxy flooring, sets the tone for impeccable quality. High ceilings, wood & tile flooring, fresh neutral paint, new LED light fixtures, and televisions enhance the captivating interior. Thoughtful upgrades include surround sound, Cox fiber WiFi, a water softener, and a tankless water heater. Inviting living room is paired w/a floor-to-ceiling tiled fireplace and large windows providing so much natural light & a clear view of the back yard. Harmonious great room has sliding glass doors for a seamless connection to the backyard! Upscale kitchen is a chef's paradise. Top-of-the-line SS appliances, granite counters & backsplash, abundant white cabinetry w/crown moulding, a walk-in pantry, and a center island w/a breakfast bar complete the picture. Grand owner's retreat is a private sanctuary showcasing direct outdoor access, a pristine ensuite w/dual sinks, a soaking tub, and a renewed walk-in closet. As a bonus, the washer and dryer convey! Serene backyard is an entertainer's dream, boasting a covered patio, lush artificial turf, and a sparkling pool w/a new multi-speed pump. New paver walkways add charm & functionality to the sideyard. This unique haven offers a lifestyle like no other!

5917 E North Lane Paradise Valley, AZ 85253

$1,699,925 - 3Br/3Ba -  for Sale in Country Estates Unit 2a, Paradise Valley
Open House
$1,699,925
3 Beds
3 Baths
2,250 SqFt
Status Active
MLS # 6706610
Property Type Single Family Residence
Price Type --
Escape to your dream home, where luxury living awaits! From the moment you arrive, you'll be awe-inspired by the designer touches throughout this custom home, which has recently undergone nearly $400,000 worth of renovations. This style embraces the ideals of living with a mix of natural design elements: mixes of wood, metals, and natural stone create true modern simplicity. From the distinctive ambiance of the custom ''Polished Simplicity'' fireplace to the open-concept kitchen with waterfall quartz island that easily seats 6, dual-toned sleek cabinetry, high-end stainless-steel appliances, including a Column fridge, Induction range, Kraus workforce sink with designer two-toned faucet... you are transported into true luxury. The primary bedroom is a haven for relaxation The primary bedroom is a haven for relaxation, boasting exceptional finishes, a double entry door, an extended walk-in closet, an aesthetic designer wall, and an impressive spa-like bathroom suite: a floor-to-ceiling glass-enclosed free-standing soaker tub/a separate shower, a double-sink modern vanity with a private toilet room, and a slatted niche. The backyard is an oasis of peace and tranquility, with complete privacy as it backs a natural area of open space. The yard boasts a pebble-tech pool with a substantial paved patiothe covered patio with a tongue and groove ceiling has a dramatic concrete floor-to-ceiling fireplace. There's even a convenient outdoor bathroom! This home is truly one of a kind! Take advantage of this opportunity to own a slice of paradise..before it's gone!

1624 Gettysvue Way Prescott, AZ 86301

$1,699,900
4 Beds
2.5 Baths
5,232 SqFt
Status Active
MLS # 6760907
Property Type Single Family Residence
Price Type --
Elegant 5232sf home in The Dells at Prescott Lakes! Grand entry foyer, open great room w/ gas fireplace, huge kitchen with double island, formal dining room and private breakfast nook. Wraparound entry porch, expansive rear deck with outdoor fireplace and built-in barbecue, and a private courtyard patio with a koi pond and water feature--and the list goes on. The entire 2nd floor is a majestic master suite! Enter from a loft/sitting area with sweeping views of the granite dells to a large parlor, grand bedroom, enormous walk-in closet, and luxurious master bathroom w/ walk-in steam shower/sauna, PLUS a den w/ wet bar and fireplace; 2 separate private decks, 2 staircases and an elevator! Large, landscaped lot, 3 car garage and more! Chandeliers in nook and dining room do not convey.