3 Things You Must Do after Inheriting a Home

There 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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

11500 E Cochise Drive Unit 1030 Scottsdale, AZ 85259

$529,000

2 Beds

2 Baths

1,587 SqFt

Status Active

MLS # 6791425

Property Type Townhouse

Price Type --

Spacious single-level, ground-floor townhome with no stairs! It's an end unit too. 2-bedrooms + den and large kitchen with bar, all open to family room & dining areas. Features include upgraded 20'' tile throughout, plantation shutters, stainless steel appliances, recessed lighting, a large laundry room, a new water heater, new sunscreens, private patio and an attached garage. The primary suite boasts an ensuite bath with custom walk-in shower, corner soaking tub, and dual sinks. Enjoy the ultimate privacy with no building to the east - serene and quiet. Community amenities include walking paths, heated pool & spa, BBQ areas, a clubhouse, banquet/meeting rooms, and fitness center. This is among the finest resort style living residences in Scottsdale. Don't miss out on this rare home

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11011 N 92nd Street Unit 1011 Scottsdale, AZ 85260

$529,000

2 Beds

2 Baths

1,187 SqFt

Status Active Under Contract

MLS # 6778667

Property Type Single Family Residence

Price Type --

Welcome to this charming single level patio home located in the highly desirable, gated community of La Contessa. Meticulously maintained, this home offers Spanish and Italian tile flooring, an inviting courtyard with relaxing fountain, beautifully updated bathrooms and a relaxing South facing back patio with citrus trees. The kitchen showcases newer stainless-steel appliances, tile backsplash and a lovely atrium window overlooking the back patio. The primary suite features access to the patio, a walk-in closet and a bathroom with a spacious walk-in shower displaying Moroccan Zellige hand cast tile. A remodeled wet bar with sink, re-stained cabinetry and wine storage, tile backsplash and beverage fridge is perfectly placed for entertaining. Other details include a 2-car garage with epoxy flooring and custom built-in cabinetry, a newer HVAC unit and new roof in 2023. The amenities of La Contessa offer a sparkling pool, spa, clubhouse with fitness room, racquetball court, pickleball and tennis court. Superb location close to shopping, dining, HonorHealth Scottsdale Medical Center and easy 101 Freeway access.

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17850 W Villa Chula Lane Surprise, AZ 85387

$529,000

3 Beds

2 Baths

2,051 SqFt

Status Active Under Contract

MLS # 6795244

Property Type Single Family Residence

Price Type --

RV Garage! One of the few homes equipped with an RV Garage. Beautifully crafted home features a den upon entering, and a well-equipped kitchen with an abundance of white shaker cabinetry, gorgeous granite counters, a generously sized center island/breakfast bar, & inviting space for your entertaining needs. Recently installed 9/23 luxury, waterproof laminate flooring. Appliances include a stainless steel refrigerator and an electric range. Notable upgrades include 4 in base trim throughout, premium carpeting, and a luxury primary suite bath. The rear yard boasts a covered paved patio & wired string lights perfect for outdoor gatherings. The RV garage features its own dedicated 4-ton cooling unit and sleek epoxy flooring. Low maintenance front/rear yard landscape. This impeccable home has so much to offer.

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11250 E Kilarea Avenue Unit 252 Mesa, AZ 85209

New

$529,000

2 Beds

2 Baths

1,702 SqFt

Status Active

MLS # 6797623

Property Type Townhouse

Price Type --

Here it is...3 bedroom golf course condo! 3 bed, 2 bath, 2 car garage, east facing views of the golf course and Superstition Mountains.

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4753 N Saguaro Drive Apache Junction, AZ 85120

New

$529,000

3 Beds

2 Baths

2,311 SqFt

Status Active

MLS # 6797887

Property Type Manufactured Home

Price Type --

This home is perfect for entertaining, offering a spacious great room and a separate game/entertainment room complete with a wet bar and french doors to deck. The kitchen features a built-in oven and microwave, an updated range hood, and a versatile breakfast bar with an island. The split floor plan provides privacy, with the primary suite showcasing dual vanities, a deep soaking tub, and a walk-in shower. Enjoy stunning views of the Superstition and Goldfield Mountains from the deck, where you can watch the mountains change colors at sunset and marvel at the starry night sky. New water heater installed 12/24.

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7601 E Indian Bend Road Unit 3040 Scottsdale, AZ 85250

$529,000

1 Bed

1 Bath

1,093 SqFt

Status Active

MLS # 6704347

Property Type Apartment

Price Type --

Luxury top-floor condo located within the coveted gated community of Corriente. Within the 192-unit community, only 16 top-floor Topacio models exist. This meticulously maintained 1Bed/1Bath-unit boasts modern fit and finishes throughout. The open kitchen features stainless steel appliances, gas oven/stove cooktop, quartz countertops, bar seating & ample cabinetry. The living room features a built-in floating wine rack, tiled stone mantle, gas fireplace, and crown molding throughout. The north-west facing covered balcony comes with interior community views. The large primary bedroom accommodates a king size bed and additional bedroom furniture. The primary suite includes dual floating vanities, a free-standing bathtub, walk-in shower, toilet room, and walk-in closet.

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8741 S 167th Drive Goodyear, AZ 85338

$529,000

3 Beds

2 Baths

2,030 SqFt

Status Active

MLS # 6718833

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the stunning Estrella Mountain Ranch master planned community! Nestled at the foothills of the Estrella Mountains, this immaculate Kendrick Model with a premium lot single-story residence boasts 3 bedrooms, 2 bathrooms, and an array of premium features. Key Features:

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1509 W Lawrence Road Phoenix, AZ 85015

$529,000

4 Beds

2 Baths

1,726 SqFt

Status Active

MLS # 6748333

Property Type Single Family Residence

Price Type --

4-bedroom homes in this area don't come for sale often, & when they do, they're not like this. A 1-year old water heater & a 2-year old AC unit will give you immediate peace of mind on move-in day; & the brand-new kitchen with stainless steel appliances, sweet coffee nook, custom bar area (with brand new wine fridge!) & huge island with beautiful quartz countertops will make you smile! This home also features remodeled & luxurious bathrooms, all new carpet & all new LVP flooring throughout, brand-new & very pretty light fixtures & ceiling fans, fresh paint, all new baseboards & interior doors, new RING doorbell & the list goes on! Primary bedroom has a private backyard exit to the covered patio. French doors from the kitchen lead to a perfect view of your kids or pets playing in the huge backyard, which has plenty of space for your RV, a future pool or just room to breathe without the handcuffs of an HOA. Great nearby amenities include: Uptown Farmers Market, Murphy Bridle Path, Bookmans, Luci's, Black Rock Coffee, Sprouts, Petsmart Dog Park, PV Golf Course + more! Easy access to I-17, the light rail & Downtown Phx, too! Just minutes away from the future Metrocenter revamp, which the Phoenix City Council voted to spend $850M to turn into a walkable village containing 150,000 square feet of commercial, retail and restaurant space! Jump on the I-17 for easy access to the TSMC and tech corridor in N Phoenix or cruise to the light rail and head downtown for a concert or to Tempe for an ASU game Don't miss out! Homes rarely come for sale at this price point in this area!

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19741 E Reins Road Queen Creek, AZ 85142

$529,000

3 Beds

2 Baths

2,225 SqFt

Status Active

MLS # 6740534

Property Type Single Family Residence

Price Type --

This beautiful home is located on a cul-de-sac street near the heart of downtown Queen Creek! The kitchen features maple cabinets, breakfast bar, all appliances are included (new dishwasher) stub for gas range, a pantry and breakfast nook. The family room is open to the kitchen. There is a living room with a dining area. The large master bedroom has a master bath with double sinks, separate shower and soaking tub, private toilet room & walk-in-closet. The guest bath also has double sinks. The laundry room has built-in-cabinets and a gas connection. The back yard has a must have covered patio and a grass area. The double door den could easily be turned into a 4th bedroom. This home has been upgraded with new paint, new 6'' x 36'' wood look tile throughout and the exterior was painted in 2021. This subdivision has nice mature trees, two parks with play area, ramada and basketball courts.

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21159 N Redington Point Drive Surprise, AZ 85387

$529,000

2 Beds

2 Baths

2,075 SqFt

Status Active

MLS # 6749258

Property Type Single Family Residence

Price Type --

Nicely updated Sierra model w/ upgrades in all of the right places! Great curb appeal w/ pavered driveway, courtyard & faux stone. Travertine tile & wood laminate flooring t/o. Open great room concept. Updated kitchen w/ quartz counter tops, breakfast bar, gas cook top w/ left griddle & power boil for large cookware, microwave/convection oven, kitchen island, skylights & eating area extended w/ bay window. Spacious primary suite has bay window, separate door to back patio, updated bathroom w/ tiled snail shower, stone back splash, walk-in closet & skylight. 2nd bedroom & guest bath. Den w/ plantation shutters. Inside laundry w/ cabinets & sink. 2.5 car garage w/ cabinets. Water heater in 2024. HVAC in 2018. Water softener 2023. Relax & enjoy your extended back patio w/ knee wall.

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20034 W Rainbow Trail Buckeye, AZ 85326

$529,000

4 Beds

2.5 Baths

1,993 SqFt

Status Active

MLS # 6748142

Property Type Single Family Residence

Price Type --

Open and spacious custom home in highly desirable Rainbow Valley. Split floor plan with two separate areas one that includes the fourth bedroom that can be used as a game room, den or office. Ranch style kitchen includes plenty of upper and lower cabinets, offering baye style dining room with kitchen island. There's room for bar stools at the counter which make it great for entertaining and includes an additional formal dining and family room. Gas fireplace in both the family room and main suite. Two additional bedrooms share the guest bathroom on west wing of home. This home includes an outbuilding and split rail fencing. Main suite includes exit to back patio, jet tub for relaxing or chose the walk in shower and double sinks. Guest bathroom includes walk in shower and double sinks. Buyer will need to purchase or lease propane tank for gas fireplaces both in family room and main suite. Inside garage includes private toilet room. Inside laundry includes wash basin. Exterior split rail fencing/panels will convey. Additional barn/shed will convey. RV gates/entrance to rear makes plenty room to bring in trailers. Speakers in main suite will convey. Full covered patio along back with gas stub out ready for BBQ hook up.

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11165 E Segura Avenue Mesa, AZ 85212

$529,000

5 Beds

3 Baths

2,566 SqFt

Status Active

MLS # 6753677

Property Type Single Family Residence

Price Type --

Beautiful 2 story home in the desirable community of Bella Via in Mesa with 2566 Square Feet of living space. Huge backyard to entertain family and friends. Stylish granite counter tops in kitchen with massive pantry, tile flooring, new paint in the interior of the home and new carpet upstairs in all the rooms. This amazing floor plan features 5 bedrooms and 3 baths. Located in Southeast Mesa Tech Corridor with major growth development. Community has multiple parks and nearby amphitheater! Close to shopping, restaurants and freeways.

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