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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7845 E Dynamite Boulevard Scottsdale, AZ 85266

$2,499,000
5 Beds
3.5 Baths
3,622 SqFt
Status Active
MLS # 6786741
Property Type Single Family Residence
Price Type --
Step into the epitome of southwest luxury living w/this breath-taking mission-style estate. Nestled on 2.2 acres w/no HOA. This 5 bedroom single level sanctuary offers a seamless blend of elegance, privacy & functionality. The upgraded interior w/wine cellar, gourmet kitchen & newly enclosed den boasts a sophisticated living. The detached casita is perfect for guests or as a private retreat. Experience the ultimate in outdoor living w/an expansive covered patio w/professional misting system, heated pool, fire pit & grassy area along w/low maintenance synthetic turf. Perfect for cozy gatherings or lavish affairs. An extended 3 car garage w/ample space & height for a car lift. There is unmatched privacy w/the gated entrance leading down a circular paved driveway. Wake up to stunning McDowell Mountain views and enjoy Arizona's iconic breathtaking sunsets. Located just minutes from golf courses, hiking, horse facilities and fine dining.

8714 E Tether Trail Scottsdale, AZ 85255

$2,499,000
5 Beds
4 Baths
4,053 SqFt
Status Active
MLS # 6798833
Property Type Single Family Residence
Price Type --
Welcome to your stunning new home, complete with a beautiful pool, nestled in a neighborhood established in 1996- Save 28 years of headaches with this brand new home! This spacious 5-bedroom, 5-bathroom home is designed for comfort and luxury, ready for its new owner in just 60 days. Key features include:Upgraded black aluminum windows,iron entry door,Durable 2x6 framed exterior,Large fireplace and a spacious kitchen with a massive island and quartz counters,Top-of-the-line upgraded appliances,All bedrooms equipped with walk-in closets and private bathrooms,Master bath featuring a large entry, steam shower, standalone tub, and double sinks,Elegant 8' doors throughout and soaring high ceilings,Energy-efficient spray foam insulation,Expansive north-facing backyard. Come take a look.

8225 W Frier Drive Glendale, AZ 85303

$2,499,000
6 Beds
6.5 Baths
5,147 SqFt
Status Active
MLS # 6774208
Property Type Single Family Residence
Price Type --
Discover a rare gem in luxury living. TWO HOMES on ONE ACRE in an exclusive gated community, complete with a brand new heated pool & spa! This exceptional property seamlessly blends space, style & privacy to support multi-generational living at its finest. The main house, built in 2013, boasts 4,047 sf with 4 spacious bedrooms, each featuring an ensuite bathroom for complete privacy & a den/office perfect for working from home. The heart of the home, a grand Great Room, opens up with pocket doors to the expansive backyard, creating a stunning indoor/outdoor flow. The chef's kitchen is a culinary dream with granite countertops, a large walk-in pantry, premium stainless steel appliances, gas cooktop, dual sinks & an oversized island with breakfast bar seating. The home also includes a 4-car epoxy-finished garage, with overhead storage, providing ample space for vehicles and storage. The brand new guest house, completed in 2023, offers 1,100 square feet of private, modern living with two bedrooms and two full bathrooms, complete with its own electrical and air conditioning separate from the main house. It stands as a sanctuary of its own, complete with a separate entrance, contemporary kitchen, elegant bathrooms, laundry room, and its own 2-car garage equipped with an EV charger, ideal for multi-generational families or the ultimate guest retreat. Enhancing this luxury oasis, the newly installed (2023) heated pool and spa is a resort-style escape featuring serene waterfalls, built-in stools, and a cozy fire pit, perfect for year-round entertainment and relaxation. Set on a lush, irrigated lot with mature trees and extensive parking options, this property is designed to impress and accommodate. If you're looking for a residence that combines luxury, privacy, and flexible living spaces, this is it! Not to mention - close to the Westgate entertainment district, great restaurants, and The Arizona Cardinals stadium.

8233 E Foothill Circle Scottsdale, AZ 85255

$2,499,000
4 Beds
4 Baths
3,540 SqFt
Status Active
MLS # 6746614
Property Type Single Family Residence
Price Type --
Gorgeous home in desirable Pinnacle Peak Country Club situated on the golf course with mountain views. Breathtaking sunrises from your extended covered patio. Resort like backyard is amazing with a heated pool and spa, covered built in bbq, putting green tons of lighting for parties or privacy for romantic dinners. This custom home comes with 4 bedrooms and 4 bathrooms that have all been updated. Primary bedroom with fireplace, dual vanities, walk in shower steam shower, jetted tub with micro therapy and walk in closet. Kitchen is full of features, stainless steel appliances, wall oven, warming drawer, cooktops and your own coffee maker. Roof was recoated in August 2024. New interior paint throughout. Also, a 300-bottle wine cellar for you to enjoy. This property is absolutely AMAZING!!

2 Sky Ridge Court Sedona, AZ 86336

$2,495,000
3 Beds
4 Baths
2,500 SqFt
Status Active
MLS # 6518168
Property Type Single Family Residence
Price Type --
Discover the beauty of Sedona's newest subdivision - Sky Ridge Estates! This hilltop lot offers breathtaking panoramic views of the North, East, and South. You have the option to build a custom home with three, four, or five en-suite master bedrooms. Plus, this exclusive location is only a short walk from the city's brand new park, museums, town square, high-end shopping and dining, spa resorts, and more. Enjoy the convenience of a lit tennis/pickleball court and Oak Creek front park available for membership. The seller will even participate in the cost of grading, driveway, and pad once your home plans are submitted and grading permits are issued(within buyer builder program). Imagine waking up to picturesque views every day in your spectacular new home. Main 2500 s ft home can be on the top of the lot with 3 en-suite masters then a guest house can be added now or later with 2 en-suite masters on level area below with a level yard on a beautiful wash . This is one of the top/best premium five lots in the cul-de-sac end of the road very quiet and secluded,yet in the heart of Sedona, with a 10 walkability score. Below Market Pricing: Secure your slice of paradise with lots starting at just $389,000(half-off 8/23 appraisal of 495,000- 695,000 as improved (when road and utilities are completed) Build Your Dream: Opt for our innovative rustic contemporary, Steel, and ceiling-to-floor glass eco-friendly landscape homes, designed for efficiency and elegance. Cantilevered on pillars vs old style expensive cut and fill pad or retaining wall, See renderings under the photo tab. Unparalleled Views, Privacy, very quiet & secluded: 19 Exclusive Lots: Each lot, ranging from half to three-quarters of an acre, offers breathtaking panoramic views along a serene ridge down and through a hidden canyon. *Resort-Style Property Management: Travel a lot? 2nd Home? On-site property management is available. *Infrastructure is underway, and roads and utilities are being installed. Collaborate with our top architect and builder to bring your vision to life. Look under photos for home renderings and drone footage of lot. Don't miss out on this chance to invest in a lifestyle of luxury and tranquility at Sky Ridge Estates. Recent Sold Comps; 920 N Palisades,.73 ac,COE 10/23 for 525,000 3 Sky Ridge Ct.,.63 ac,COE 1/24 for 500,000

1 Sky Ridge Court Sedona, AZ 86336

$2,495,000
3 Beds
4 Baths
2,500 SqFt
Status Active
MLS # 6595623
Property Type Single Family Residence
Price Type --
Spectacular to be built custom home in Sky Ridge Estates, Sedona's newest subdivision in the heart of Sedona. Beautiful panoramic view hilltop lot on the ridge with North/East/South facing panoramic views. Four en-suite masters. Short walk to the new town square, city park and museums, Tlaquepaque, high-end shopping and dining, Los Abrigados Spa resort, restaurants, gym, lit tennis courts, and Oak Creek front park available for membership. Presently in design(rendering and floor plans only) stage to break ground after completion of roads and utilities currently underway ). Very quiet and secluded, yet in the heart of Sedona, with a 10 walkability score. Below Market Pricing: Secure your slice of paradise with lots starting at just $389,000(almost half-off 8/23 appraisal of 495,000- 695,000 as improved (when road and utilities are completed) Build Your Dream: Opt for our innovative rustic contemporary, steel, and ceiling-to-floor glass eco-friendly landscape homes, designed for efficiency and elegance. Cantilevered on pillars vs old style expensive cut and fill pad or retaining wall, See renderings under the photo tab. Unparalleled Views, Privacy, very quiet & secluded: 19 Exclusive Lots: Each lot, ranging from half to three-quarters of an acre, offers breathtaking panoramic views along a serene ridge down and through a hidden canyon. *Infrastructure is underway, and roads and utilities are being installed. Collaborate with our top architects and builder to bring your vision to life. Look under photos for home renderings and drone footage of lot. Don't miss out on this chance to invest in a lifestyle of luxury and tranquility at Sky Ridge Estates. Recent Sold Comps; 920 N Palisades,.73 ac,COE 10/23 for 525,000 3 Sky Ridge Ct.,.63 ac,COE 1/24 for 500,000

10284 E Filaree Lane Scottsdale, AZ 85262

$2,495,000
4 Beds
4.5 Baths
4,244 SqFt
Status Active
MLS # 6686113
Property Type Single Family Residence
Price Type --
Golf Membership to the Desert Mountain Club Available.This classic Spanish-inspired Santa Fe residence seamlessly blends traditional charm with modern comforts, boasting soft curves alongside contemporary lines and angles. Its hacienda shape offers a distinctive layout, with gathering spaces on one side, outdoor living in the center and private ensuites and a casita on the other. Located centrally within Desert Mountain, it enjoys convenient proximity to the Sonoran Fitness Clubhouse and quick access to town via the nearby back gate. The homes large picture windows capture sweeping vistas from south to northwest, showcasing vibrant sunsets, majestic mountain ranges and twinkling city lights, as well as up-close views of mature cacti. Step outside, and youll discover a haven of outdoor bliss. A meandering water feature flows gracefully through the Sonoran landscape, leading to a geometric-shaped pool where you can bask in the Arizona sun. The covered breezeway connects living spaces, offering seamless indoor-outdoor living. Whether youre dining Al Fresco, star gazing by the firepit, or taking a dip in the pool, every moment is accompanied by captivating views at every turn. Stepping inside, guests are greeted with a prominent rustic front door, leading the eye through glass French doors to the stunning outdoor space beyond. The open floor plan centers around the kitchen, a hub of activity with a spacious island, Wolf, Sub Zero appliances, and ample Alder wood cabinets. Adjacent, a cozy circular casual dining area with a kiva fireplace offers a picturesque spot to savor meals while soaking in the views. The great room invites relaxation with its panoramic vistas, fireplace warmth, and easy access to outdoor pleasures. For additional entertainment, a media room/den awaits with blackout shades, a mounted TV, and French door access to the outdoors. The primary ensuite is a luxurious retreat, showing off stunning views, a kiva fireplace, and a spa-like bath with double vanities, a soaking tub, walk-in shower and designer closet. Two generously appointed guest ensuites offer comfortable accommodations, each with carpeted floors, designer baths, and walk-in showers. A standalone guest casita provides additional privacy and convenience, complete with a breakfast bar, media entertainment and a luxury bath. Throughout the interior, hand-hewn vigas, latilla poles and wire brushed interior doors complement modern design elements like angular cut corbels, substantial picture and viga framed windows and high ceilings, creating a harmonious blend of authenticity and sophistication. Saltillo tile floors flow seamlessly indoor and out, while carpeted bedrooms offer cozy retreats. Beyond the home, Desert Mountain offers an unparalleled lifestyle, with access to 7 clubhouses, 7 golf courses, multiple dining options, and a 20-mile trail system bordering the Tonto National Forest. It promises years of diverse living experiences amidst the breathtaking beauty of the Sonoran Desert. Welcome home to Desert Mountain.

13978 E Coyote Road Scottsdale, AZ 85259

$2,495,000
5 Beds
4.5 Baths
3,808 SqFt
Status Active
MLS # 6700409
Property Type Single Family Residence
Price Type --
Multi million dollar absolutely breathtaking city views! Authentic one-of-a-kind Hacienda Style Home unlike anything in Scottsdale Mountain. High on the mountain and feels like your own private range. West exposure is tucked into mountain with wonderful boulder formations. Lush, private courtyard entry. Great room floor plan with casita off pool and an upper level second master suite with office. Master suite, 2 bedrooms and casita on first floor. Professional kitchen with 48' range & all the trimmings. Granite, stone floors, vessel sinks, phantom screen doors, outside kitchen, natural wood doors, vega poles and latilla ceilings. This SW ranch paradise exudes quality, detail and pride! Arrange a sunset & evening - Mind blowing!! All room sizes and figures approximate.

14114 E Milton Court Scottsdale, AZ 85262

$2,495,000
3 Beds
4.5 Baths
4,358 SqFt
Status Active
MLS # 6754019
Property Type Single Family Residence
Price Type --
Stunning architect designed, Spanish Hacienda style home set on 2.3 acres in the highly desirable community of Granite Mountain Ranch has been transformed by the current owners and is immaculate in every sense of the word. The charming courtyard entry set's the stage there's something special ahead. As you enter the home the gorgeous architectural details impress. Custom wood beams, refinished antique doors and new brown Saltillo tile floors are just the start. Ideal for intimate gatherings yet also perfect for accommodating large groups the home has a great feel to it. Highlights include: Soaring ceilings within the great room, chef's kitchen, dining room, formal living room, incredible primary suite and a wonderful separate guest casita ideal for company and more.

26639 N 132nd Street Scottsdale, AZ 85262

$2,495,000
3 Beds
3 Baths
3,470 SqFt
Status Active
MLS # 6793841
Property Type Single Family Residence
Price Type --
Introducing a remarkable Scottsdale estate that masterfully blends the rich traditions of Western heritage with the natural beauty of the Sonoran Desert. This meticulously maintained home built by LaBlonde Development features a spacious split-floor plan—all on one level for ultimate convenience. The living areas are designed for both relaxation and entertainment, with an expansive entertainment room, elegant formal and informal dining areas, and cozy living rooms, each enhanced by three striking flagstone-faced fireplaces. Dual covered patios provide the ideal space for entertaining, with a built-in barbecue, Dutch oven fire-pit, and an outdoor guest bath, offering a seamless indoor-outdoor flow for hosting guests. Horse enthusiasts will find a true haven here, with a grand 15' high hay/equipment barn (20' x 50') providing ample storage space. The fully equipped harness and saddle shop offers both functionality and versatility, complete with a 100-amp panel, air compressor, and welding connectionsperfect for a workshop of any craft. The property is also home to covered stalls, horse turnout areas, and 6' tall heavy-duty WW rail fencing, all complemented by shaded horse areas and a large corral, ensuring your horses' comfort and well-being. For dog lovers, the home includes an ideal dog-washing station and whelping area attached to the mudroom, as well as a private snake-proof doggie patio with gated access to the main drivewaymaking it the perfect spot for quick and easy pet care. Located within the city limits of Scottsdale, this property offers unrivaled access to the McDowell Mountain Regional Park Preserve, just 330 feet away. Spanning over 30,000 acres, this vast preserve offers endless opportunities for outdoor recreation, from horseback riding and hiking to cycling, with hundreds of miles of trails just steps from your door. This property perfectly embodies the Scottsdale lifestyle, offering a rare blend of Western charm and unmatched proximity to nature. Whether you're a horse enthusiast, outdoor adventurer, or someone who appreciates the finer things in life, this estate offers the ideal setting for all your passions. Plus, it's just minutes from world-class dining, shopping, golf, and entertainment, making it the perfect combination of tranquility and convenience.

9512 E Altadena Avenue Scottsdale, AZ 85260

$2,495,000
5 Beds
4 Baths
4,319 SqFt
Status Active
MLS # 6793710
Property Type Single Family Residence
Price Type --
Nestled in the highly sought-after gated community of Alamosa Estates, this exceptional 4,319 sq ft residence offers the perfect blend of luxury, comfort, and style. Located on a beautifully landscaped half-acre lot, this north/south-facing home is ideal for entertaining and everyday living. The remodeled kitchen features custom Amish-built cabinetry and premium Thermador appliances, offering timeless elegance and functionality. The adjacent family room boasts 12-foot folding glass doors that seamlessly connect indoor and outdoor living, opening to a covered patio and a beautifully manicured yard. The outdoor spaces are equally impressive, with lush grass lawns, mature citrus trees, and a ramada equipped with an outdoor bar, perfect for hosting gatherings. The sparkling pool is complemented by a bathroom with direct access, adding convenience to outdoor activities. From the breakfast table, you'll enjoy a charming peek-a-boo view of the McDowell Mountains. Inside, the home features five spacious bedrooms and four full bathrooms, including a large bonus room with an attached guest suite and automated blackout shades, ideal for use as a home theater, playroom, teen retreat, or in-law quarters. The luxurious primary suite includes two oversized closets, offering ample storage. Additional highlights include a side-entry three-car garage and proximity to Scottsdale's premier shopping, dining, and amenities. This exceptional home offers a rare combination of elegance, functionality, and location. Don't miss the opportunity to experience the best of Scottsdale living in this stunning Alamosa Estates property.

2068 E Tiffany Court Gilbert, AZ 85298

$2,495,000
5 Beds
4.5 Baths
4,622 SqFt
Status Active
MLS # 6753265
Property Type Single Family Residence
Price Type --
Located on nearly an acre, this Circle G remodeled custom home is a dream where you can enjoy small town living in the big city. The perfectly designed floorplan includes 5 bedrooms, office, 4.5 baths, large family room, bonus/teen room, oversized 3 car garage, extended driveway with electric security gate and huge new RV garage. The chef's kitchen features Thermador appliances with WIFI range hood, touch to open refrigerator and freezer, microwave, gas range & griddle, steam oven, warming drawer, oven, built in sub zero under counter ice maker with RO water, 4 ft Galley prep sink with dual touch Brizo faucets, and Cambria quartz counter tops. Perfect for entertaining, the kitchen is open to the large family room, the eat in nook and a large sitting area. Beautiful hand scraped hardwood flooring throughout, Lutron lighting with WIFI control, security cameras, security gate, RO water system, and 2 tankless water heaters. Huge owner's suite is a true retreat with tray ceiling, bay window and sitting area, and outdoor access. Ensuite includes two vanities, jetted tub, separate shower, and stunning walk-in closet w/built-ins. Two secondary bedrooms, each equipped with a private bathroom. Beautiful office with large French doors. Laundry room with a sink & cabinetry. Two more bedrooms with an additional bathroom are located near the bonus room with access to the backyard/patio. Step outside to the large extended patio, pergola and built in BBQ area, all equipped with a top of the line misting system. Diving pool with heated spa and water fall. Manicured lawn with irrigation to the perimeter trees. The 1250 sf climate controlled RV garage is the hidden gem of this home. 14 foot tall by 12 foot wide garage door, plumbing, RV hookup, epoxy floor. Centrally located by the 202, Gilbert Regional Park, San Tan Mall, Mercy Medical Corridor, entertainment and dining. This home is a rare find!