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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19947 N 94th Way Scottsdale, AZ 85255

$3,395,000
5 Beds
4.5 Baths
5,702 SqFt
Status Active
MLS # 6758877
Property Type Single Family Residence
Price Type --
LOCATION & VIEWS. Enjoy luxury living in the highly desired gated community of La Strada : one of Scottsdale's best-kept secrets adjacent to DC Ranch. Next to Market Street and minutes from all of North Scottsdale's best dining and hot spots, golf, hiking or biking trails. EXQUISITELY REMODELED. Most recently, a full-remodel of the primary bathroom & closets. All new Wolf appliances and a large, workable kitchen is great for the chef or novice cook. Remarkable home design with impressive resort style outdoor living spaces. Expansive glass pocket doors and wall of elegant French doors paired with soaring cathedral ceilings with a grand living area allows for seamless indoor/outdoor luxury living & effortless entertaining. All while enjoying the fabulous view of the McDowell Mountains.

6529 N Mountain View Road Paradise Valley, AZ 85253

$3,389,888
4 Beds
5 Baths
4,204 SqFt
Status Active
MLS # 6774628
Property Type Single Family Residence
Price Type --
Stunning Contemporary Desert Oasis with Panoramic Mountain Views, perfectly positioned to capture breathtaking mountain views from every angle. This modern masterpiece offers a harmonious blend of sleek, contemporary design and the natural beauty of its desert surroundings. As you step inside, you'll be greeted by an open-concept layout that flows effortlessly through light-filled living spaces. The home's modern architecture is accentuated by clean lines, flat rooflines, and expansive windows, offering uninterrupted views of the nearby mountains. The muted, neutral exterior tones blend seamlessly with the surrounding desert landscape, creating a harmonious, natural aesthetic.

6602 E Cheney Drive Paradise Valley, AZ 85253

$3,389,450
5 Beds
4 Baths
4,107 SqFt
Status Active
MLS # 6757875
Property Type Single Family Residence
Price Type --
CUSTOM CORNER LOT HOME WITH 5 BEDROOMS AND 4 BATHROOMS. BACKYARD WITH CANTERRA STONE PATIOS, RAMADA, LARGE FIREPLACE AND WITH WATERFALLS INTO THE POOL. LARGE MASTER BEDROOM WITH SITTING AREA AND FIREPLACE, CARRERA MARBLE MASTER BATH. BEDROOMS ARE A SPLIT FLOOR PLAN. NEW POOL MOTOR, POOL SWEEPER, GARBAGE DISPOSAL AND UPDATED WATERING SYSTEM.

10629 E Troon North Drive Scottsdale, AZ 85262

$3,380,000
5 Beds
7 Baths
7,443 SqFt
Status Active
MLS # 6666657
Property Type Single Family Residence
Price Type --
Welcome to your dream oasis in the heart of the luxurious gated community of Talus at Troon North. This stunning Italian-inspired Custom Home is a masterpiece of architectural elegance and timeless design. Nestled on an expansive ~1-acre corner lot, this home enjoys the utmost privacy within a serene cul-de-sac setting. As you approach the residence you are greeted by a grand gated entry courtyard adorned with two majestic fountains and lush landscaping, setting the tone for the opulence that awaits inside. With a spacious 7,443 SF of living space, this five-bedroom, seven-bath estate offers an impressive array of features and amenities. The main level of the home boasts a functional & well-thought-out floor plan. Three generous bedrooms PLUS 420SF Casita plus Office (CLICK ''MORE'')... Four bedrooms on main level plus a stunning ensuite office w/ closet, private patio and calming water feature, all ensure ample space for family and guests. The upstairs area is dedicated to entertainment, featuring a media/game room with an exterior balcony that provides breathtaking views. This upstairs compound has bath, deck, closet & kitchenette= BR5. For those seeking additional privacy, an ensuite guest casita with a kitchenette, closet and private entrance can be found off the charming front courtyard. This home is a paradise for those who love to entertain. The kitchen seamlessly connects to the family room, complete with a wet bar and convenient access to the wine cellar, which is large enough to accommodate a tasting table. The kitchen itself is a chef's dream, featuring top-of-the-line appliances, including a Viking gas cooktop, two Wolf wall ovens, two Asko dishwashers, three sinks, and dual Sub Zero fridge/freezers. The master suite is a sanctuary of luxury, occupying its own private wing of the home. It includes a cozy sitting room with a fireplace, a sumptuous bathroom highlighted by a sunken jetted tub framed with Cantera stone columns and an inviting fireplace. Additionally, there is a safe room and even a hookup for a washer/dryer in one of the three walk-in closets, providing ultimate convenience. Every inch of this residence exudes elegance and sophistication. It is loaded with first-class amenities, including fresh interior paint and new carpet, a domed entry ceiling, an exotic pool and spa surrounded by travertine pavers (recently refinished), a three-car garage with an extra detached bay for a total of four car garages, and a total of five fireplaces throughout the home for added warmth and charm. Cantera stone accents adorn both the interior and exterior, while polished travertine flooring and electronic shades add to the overall sense of luxury. This home is simply impressive and offers a lifestyle of grandeur, elegance, and sophistication. Don't miss the opportunity to make this exquisite Italian-inspired residence your own, and experience the epitome of luxury living in the exclusive Talus at Troon North community.

5215 E Lafayette Boulevard Phoenix, AZ 85018

$3,369,000
5 Beds
5.5 Baths
5,209 SqFt
Status Active
MLS # 6775398
Property Type Single Family Residence
Price Type --
Welcome to a rare mid-century modern retreat on a huge 36,440 sq. ft. lot updated to todays standards. This 4,305-square-foot main house, plus an additional 904-square-foot guest house, offers four bedrooms and 4.5 baths in the main home, brand new roof and high-efficiency AC units, both with a 10-year warranty. The open layout, floor-to-ceiling glass walls, and iconic architectural lines draw in natural light and frame stunning views of entire Camelback Mountain. The guest house is equipped with a full bath, kitchenette, and private entrance. The expansive backyard is ready for gatherings, with a bocce ball court, sand volleyball court, peaceful pavilion and firepit. Original Architecture done by George Kenneth Rubel.

10420 E Morning Vista Lane Scottsdale, AZ 85262

$3,350,000
6 Beds
7.5 Baths
7,185 SqFt
Status Active
MLS # 6792216
Property Type Single Family Residence
Price Type --
Positioned along the 11th fairway of the Pinnacle Golf Course at Troon North, this beautifully updated residence offers an unparalleled blend of luxury and functionality. Nestled in a cul-de-sac within the guard-gated Candlewood Estates, the property boasts uninterrupted views of mountains, city lights, and the golf course. A custom wood-carved entry door opens to dramatic split curved staircases with handcrafted wrought iron railings. The thoughtfully designed floor plan maximizes natural light and frames stunning views from every window. Interior features include travertine and luxury vinyl plank flooring, Venetian plaster walls in soft contemporary tones, high ceilings, and detailed crown moldings. The gourmet kitchen is equipped with a spacious island, quartz countertops, a ... walk-in pantry and brand-new high-end appliances, including an induction cook top. Adjacent, the breakfast nook overlooks a resort-style backyard with a pool, spa, outdoor fireplace, two built-in BBQs, flagstone patios, a putting green, and expansive vistas. The main home offers an en suite bedroom on the ground floor along with an office with a sink, along with the living room, dining room and an office with a sink. Upstairs you will find the spacious principal suite boasting incredible views and two additional en suite bedrooms. A detached 757 sq. ft. guest house includes a living area, kitchen, bedroom, bathroom, and laundry room. Above the oversized three-car garage is a versatile game room with a wet bar and bathroom. Additional amenities include an exercise room which could also serve as an additional bedroom, as well as a long list of updates - be sure to check out the Updates and Improvements list uploaded to the documents tab! This exceptional home, offered nearly turnkey with most furniture and furnishings included, seamlessly blends unparalleled comfort with state-of-the-art amenities, redefining the essence of luxury living. It is a definite must see!

11328 E Dreyfus Avenue Scottsdale, AZ 85259

$3,350,000
5 Beds
5 Baths
5,878 SqFt
Status Active
MLS # 6794941
Property Type Single Family Residence
Price Type --
This exquisitely updated luxury residence offers the perfect combination of modern living and upscale comfort in one of Scottsdale's most coveted neighborhoods, Ancala Country Club. With 4 spacious bedrooms, 3 full bathrooms and 2 powder rooms, this home is ideal for those who seek privacy, style, and functionality. Upon entering, you're immediately welcomed by an open-concept floor plan with soaring ceilings and an abundance of natural light. The spacious living areas flow effortlessly, with seamless transitions between the elegant kitchen, dining room, and great room. The gourmet kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, custom cabinetry, elegant granite countertops, and a large center island ideal for preparing meals or hosting guests. The primary suite is a true retreat, offering a peaceful atmosphere and a generous walk-in closet. The spa-inspired en-suite bathroom includes dual vanities, a soaking tub, and a walk-in shower, all finished with luxurious touches. Each of the additional bedrooms is thoughtfully designed to maximize comfort and privacy. The private casita offers a versatile space that can serve as a guest suite, home office, or personal retreat. With its own entrance, bathroom, and ample living space, this detached area provides the perfect balance of independence and connection to the main home.Outdoor living is just as exceptional as the interior. The beautifully landscaped backyard features a sparkling pool, a covered patio, and plenty of space for outdoor dining and lounging. It's the ideal setting for entertaining guests or enjoying a quiet evening under the stars.Located in a prime Scottsdale location, this home offers easy access to top-tier dining, shopping, world-class golf courses, and outdoor recreation. With its stunning design, modern updates, and the added luxury of a casita, this home offers an unparalleled living experience.

13023 N 68th Street Scottsdale, AZ 85254

$3,350,000
5 Beds
5.5 Baths
5,071 SqFt
Status Active
MLS # 6752069
Property Type Single Family Residence
Price Type --
Unique opportunity to unlock the advantages of buying an in-progress home built by Thomas James Homes. When purchasing this home, you will benefit from preferred pricing, design personalization, a guaranteed delivery, and more. Estimated home completion Spring 2025. Great address, great schools! Sitting in the highly desirable Sweetwater Corridor in Central Scottsdale, this beautiful 5 bedroom, 5.5 bathroom modern farmhouse is the definition of exceptional design. Wide plank wood flooring, decorative ceiling and wall treatments, including beams and wood paneling, impressive custom lighting, outstanding millwork, stone and tile accents, a gorgeous floor to ceiling fireplace, shaker cabinetry and a 4-car garage are just a sampling of the outstanding finishes going into the home. The large single story open concept floorplan is expertly crafted for modern living with a large interior courtyard leading to the home's entrance. Inside you'll find a large great room and luxury kitchen joined by a large quartz countertop island. The grand suite hosts a large his and hers walk-in closet and a spa like bathroom with a freestanding soaking tub and walk-in shower. The secondary bedrooms throughout the home have en-suite bathrooms. In addition to the bedrooms, you'll find ample added living space with a private office, gym and a kitchen prep area adjoining the dining room and a bonus room. Home will feature fully landscaped front and back yards, providing great Arizona outdoor living space. This home is minutes from dining, shopping and more.

6116 N Las Brisas Drive Paradise Valley, AZ 85253

$3,350,000 - 3Br/4Ba -  for Sale in Villas At Mountain Shadows Amd 2, Paradise Valley
Open House
$3,350,000
3 Beds
3.5 Baths
3,049 SqFt
Status Active
MLS # 6762291
Property Type Single Family Residence
Price Type --
Stunner at Mountain Shadows! This 1 level on-trend newer home is situated in the highly desired guard gated enclave called Villas at Mountain Shadows! This sensational home features amazing views of Camelback Mountain from your great room & back patio entertaining area! Enjoy the privacy & security of Mountain Shadows guard gating in addition to the resort's full amenities/facilities: including the 4500 SF comprehensive gym, 2 heated resort pools, golf, tennis, spa & more! This over the top 1 level home features stunning limestone floors throughout this spacious open floor plan that is centered on the chef's kitchen w/ enormous quartz waterfall edge island open to the spacious dining room & palatial great room w/ floor to ceiling retractable walls of glass for the ultimate seamless indoor/outdoor living experience! The new owners will love the light, bright & airy feel of this open concept great room combination featuring the sensational 12 ft. high ceilings! The dream chef's kitchen features a top of the line Sub-Zero/Wolf/Asko appliance package & custom cabinetry! Enjoy your new Sub-Zero refrigerator/freezer in the kitchen & the wine tower in the bar area! In addition all chef's will delight in using the multiple Wolf ovens & gas range! The primary bedroom features gorgeous Camelback Mtn views through the large picture window (featuring beautiful plantation shutters!). The dream primary bathroom features highly upgraded marble finishes, custom cabinetry w/ double sink vanity, separate soak tub & a palatial walk-in shower! 2 other secondary bedrooms are both ensuite featuring top of the line finishes & spacious closets! Don't forget to see both (2) walk in pantries when you view this fabulous 1 level resort style home in person! Entertain your family & friends in style enjoying the Camelback Mtn. views & built in BBQ center!

9068 E Rimrock Drive Scottsdale, AZ 85255

$3,349,900
4 Beds
4 Baths
3,352 SqFt
Status Active
MLS # 6752751
Property Type Single Family Residence
Price Type --
This modern luxury estate is the result of a two-year like new, complete remodel on a 1.5-acre view lot! Future expansion survey and drawings offer an incredible opportunity to double the size of this home. The stunning new design created a fabulous, open great room featuring a modern see-through gas fireplace and a gourmet chef's kitchen boasting all new Viking appliances, custom cabinetry, quartz countertops, and an oversized island with bar seating. The split primary suite is the ultimate retreat featuring an expanded shower, a new tub, and custom walk-in closet. Two bedrooms are ensuite and a full bath was added across from the third bed. The backyard oasis features a brand-new heated pool, spa, white travertine, artificial grass, mature trees and picturesque McDowell mountain views!

1275 Dry Creek Road Sedona, AZ 86336

$3,345,000
6 Beds
5 Baths
6,414 SqFt
Status Active Under Contract
MLS # 6747035
Property Type Single Family Residence
Price Type --
This sprawling West Sedona Estate is amazing for so many reasons! The main home is spacious and has 4 bedrooms, 4 ensuite baths on 2.09 fabulous acres with expansive 360 views overlooking so many of Sedonas' landmark red rock mountains in an amazing location with no HOA. The outdoor entertaining areas are ample with plenty of room to relax and unwind including a putting green, multiple fireplaces, hot tub and pool. This home has an oversized 4 car detached garage with room for a workshop, 2 driveways, a separate guest house featuring 16-foot ceilings, 2 bedrooms, living area, kitchen with an attached climate-controlled RV garage. This extraordinary retreat is currently functioning as a successful short-term rental. This property has produced 350k in gross revenue in its first year, comes fully furnished but would also be a wonderful home for your family or great second home. The main house is 6,414 square feet with 4 spacious bedrooms 4 ensuite bathrooms and the primary Bedroom is on the main level and is huge with a stacked stone rock wall to add to its ambiance. Walk out to the expansive rear patio and enjoy morning coffee while admiring some of Sedona's most iconic rock formations. The kitchen has a Cambria Quartz Island and countertops. NXR chef grade range with a 6 burner gas cooktop, wine fridge, plenty of space to cook and entertain with multiple options for casual dining including a charming out door pergola with a large dining area, an outdoor fireplace and 2 outdoor fire pit areas, surrounded by lush greenery and mature fruit trees. There are so many outdoor entertainment areas it will be hard to choose where to be, the upper level which boasts a large living room/game room, fireplace and two huge decks. The views are unobstructed, you can see all the way to Mingus Mountain and the twinkling lights of Jerome. Cockscomb, Doe Mesa, Bear Mountain and Boynton Canyon to the West and Lizard, Chimney, Thunder Mountain to the East. Come see this in person, it is truly spectacular. Allow time to take it all in. New wine fridge, new roof, expanded new septic, new water heater, new washer and dryer, both in main house and guest house, refurbished putting green, ev charger and fully furnished.

4840 E Caida Del Sol Drive Paradise Valley, AZ 85253

$3,340,000
6 Beds
5.5 Baths
5,598 SqFt
Status Active Under Contract
MLS # 6692117
Property Type Single Family Residence
Price Type --
What makes this home a coveted gem? Value: Currently there is only one property with a 1000sqft+ guest houses under $4M in Paradise Valley. Perfect Generational Living. Design: bold, modern architecture with clean lines and multi-generational modern living. Luxurious Interiors: High-end details and a layout that's both functional and fabulously designed. Entertainer's Dream: Incredible outdoor living spaces, complete with a sparkling pool, spa, and an outdoor BBQ/Bar. It's the perfect setting for memorable gatherings, big or small. Location: Minutes away from exceptional schools dining, shopping, and entertainment, yet tucked away in a private refuge. The best of Paradise Valley, with elegant design and superior craftsmanship that seamlessly blends indoor and outdoor living.