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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825 S Henry Lane Gilbert, AZ 85296

$529,000

3 Beds

2.5 Baths

2,529 SqFt

Status Active

MLS # 6758655

Property Type Single Family Residence

Price Type --

Welcome to this stunning 3-bedroom, 2.5-bathroom home nestled in a prime corner lot in Gilbert! This spacious 2-story, 2,467 sq ft property boasts a versatile loft and a den/office, perfect for work-from-home setups or additional living space. The main floor features elegant hardwood flooring, complemented by gorgeous plantation shutters throughout the home. The kitchen is a chef's delight with cherry 42-inch cabinetry, granite countertops, and stainless steel appliances. Enjoy outdoor living with your private courtyard, ideal for relaxing or entertaining. The 3-car garage provides plenty of space for vehicles and storage. The HOA maintains the front yard and offers access to community pools, making maintenance a breeze. With easy freeway access, and close proximity to shopping and shopping and restaurants, this home combines comfort, style, and convenience in one perfect package.

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1402 W Cheyenne Drive Chandler, AZ 85224

$529,000

4 Beds

2 Baths

1,739 SqFt

Status Active

MLS # 6760901

Property Type Single Family Residence

Price Type --

Check out this amazing home in Chandler with NO HOA! This 4-bedroom, 2-bathroom house comes with a private pool, perfect for cooling off in the summer. The spacious kitchen is equipped with stainless steel appliances. Enjoy the vaulted ceilings in the living areas or entertain in the beautifully landscaped backyard with a sparkling pool. The primary suite offers comfort and plenty of closet space. The additional bedrooms provide flexibility for guests or a home office. This home is located in a desirable neighborhood, close to shopping, dining, and top-rated schools. Plus, the pool has recently been redone and plastered. Don't miss out on this fantastic opportunity!

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30410 N 229th Avenue Wittmann, AZ 85361

$529,000

4 Beds

2 Baths

2,070 SqFt

Status Active

MLS # 6767573

Property Type Single Family Residence

Price Type --

Nestled on just over an acre, this custom-built home is ready for all your hobbies—bring your horses, boats, and outdoor toys! With a 3-car garage and an inviting open floor plan, the home features vaulted ceilings and recessed lighting throughout. The kitchen is a chef's delight with stainless steel appliances, granite countertops, a stylish tile backsplash, and an under-mount sink, complemented by upgraded cabinets throughout the entire home. Stunning mountain views can be enjoyed from almost every window. The main suite boasts vaulted ceilings, dual sinks, a separate tub and shower, and a spacious walk-in closet. In addition to the master, there are three large bedrooms in a split floor plan.

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5432 N Comanche Drive Eloy, AZ 85131

$529,000

2 Beds

2 Baths

2,165 SqFt

Status Active

MLS # 6771153

Property Type Single Family Residence

Price Type --

GOLF COURSE VIEW & POOL/SPA. You won't want to miss the beautiful sunsets. INTEGRA-BLOCK on the GOLF COURSE with a POOL, MountaIn Views and 180 degree view of the course. The interior has imported Italian 18'' white Porcelain tile laid diagonally. Premium Granite Kitchen counter-tops with full height back splash. Floor to ceiling Cardell Marquis II white kitchen cabinets. Dovetail drawers with soft-close. Under cabinet lighting. Reverse Osmosis system. Great room has surround sound, 4 speakers and pre-wired for patio, master BR, guest BR and hall. MBR has the Built-In closet and raised master bath counter top with full height back splash. Honeywell electric air cleaners. Garage and golf cart garage has full 4' extension. Outside garage service door. Safeguard Security system. More.. Kitchen, Den and Great Room were recently painted to a neutral color. See dob tab for upgrades.

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342 W Beechnut Place Sun Lakes, AZ 85248

$529,000

2 Beds

2 Baths

1,904 SqFt

Status Active

MLS # 6773289

Property Type Single Family Residence

Price Type --

REMODELED PALMERA model w/ SPLIT BEDROOMS & Den + Climate Controlled Enclosed Patio on PRIVATE Corner Lot in the GATED, ADULT community of Ironwood. ALL NEW: Luxury Plank Flooring, Baseboards, Lighting/Fans, Fixtures & Interior/Exterior Paint. 2017 AC, VAULTED CEILINGS & Water Softener. GREAT ROOM is open to the EAT-IN KITCHEN w/ Pantry, Island, Stainless Appliances, INDUCTION COOKTOP & 42''Maple Cabinets. Spacious Primary Bedroom w/Bay Window has a LARGE BATHROOM w/ Quartz, Double Vanity, tiled WALK-IN Shower + HUGE WALK-IN CLOSET. Tons of STORAGE in the Laundry Room & EXTENDED 2 CAR Epoxied Garage. Low maintenance NORTH-FACING backyard w/ fruit trees. Come enjoy Sun Lakes w/ its amenities of golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurant.

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1637 W Garfield Street Phoenix, AZ 85007

$529,000

5 Beds

3 Baths

1,900 SqFt

Status Active

MLS # 6788298

Property Type Single Family Residence

Price Type --

This delightful 1930 home, situated t in the heart of Downtown Phoenix, seamlessly combines historic charm with modern conveniences. This recently renovated home features 5 bedrooms, 2 of which contain their own bathroom! The front room's separate entrance is perfect for those working from home. This walkable location places you just steps from the Light Rail, trendy restaurants, art galleries, ASU, and events like First Friday and Art Detour. Enjoy the best of urban living!

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9262 W Hedge Hog Place Peoria, AZ 85383

$529,000

3 Beds

2 Baths

2,039 SqFt

Status Active Under Contract

MLS # 6741139

Property Type Single Family Residence

Price Type --

Great property in move in condition. Meticulous sellers & it shows. Newly painted inside w/spacious open floor plan, private primary split, gourmet kitchen showcasing upgraded counters, subway tiles, pantry, cherry cabinetry and s/s appliances, neutral flooring t/o plush carpeting, granite in baths, newer designer blinds, newer contemporary lighting, 3 car garage,w/ great cabinets & epoxy flooring. Newly painted outside w/front yard landscaping redesigned & rear yard featuring new pavers,patio tiles & artificial turf. Irrigation system replaced in 2022. Home sealed for pests 2023. 2024 Tankless hot water heater & filtration installed. Private corner lot close to shopping, dining, top rated schools & mountain views as well! Do not miss this home.

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4042 S Shady Court Gilbert, AZ 85297

$529,000

4 Beds

2 Baths

1,682 SqFt

Status Active

MLS # 6793793

Property Type Single Family Residence

Price Type --

Looking for a quiet location nestled at the end of a cul-de-sac near easy access walking paths and well maintained space with great privacy and mature trees surrounding? Come see this Power Ranch home that has been well maintained and updated by it's current owners. As you walk through the door you step into a wonderful space for gathering and a beautiful remodeled kitchen with a dine in option. Split floor plan allows for extra privacy with gorgeous guest bath remodel, new carpet and newer flooring throughout. Enjoy your patio space that looks out onto a nurtured but easy to maintain backyard with green grass, trees and cement sidewalk for easy side yard access. This house is ready for its new owner!

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20410 N Meadowood Drive Sun City West, AZ 85375

Open House

$529,000

2 Beds

2 Baths

1,586 SqFt

Status Active

MLS # 6796389

Property Type Single Family Residence

Price Type --

Golf course home with sweeping west views of the Echo Mesa 14th fairway, distant mountains and dramatic sunsets. On one of the most attractive streets in the area, near the largest rec center, library and shopping. This home has extensive upgrades inside and out. Over $35,000 on landscaping including front walled courtyard, large paved patios, turf front and back, and covered back patio with blinds. Drought resistant landscaping with mature palms. New exterior paint and resurfaced driveway. Interior refinished with designer floor tile, new baseboards, new paint and light fixtures. New low E windows. California shutters. Newer kitchen has granite counters, tile backsplash, stainless steel appliances and fixtures, and pantry. Office has cabinets and counter workstation. Large Master has walk-in closet and ensuite. Garage has new storage cabinets and workbench. Must see to appreciate the quality and lifestyle! It is impossible to be bored when you live in the Valley of the Sun. This area offers scenic beauty, miles of natural parkland, picturesque lakes, and a wide variety of activities, events, and attractions for every interest. Surrounding cities and metropolitan areas offer a unique mix of culture, shopping, sports stadiums, concert arenas, and attractions ranging from the cosmopolitan to the Southwestern.

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21173 E Canary Way Queen Creek, AZ 85142

$528,990

4 Beds

2 Baths

2,188 SqFt

Status Active

MLS # 6793791

Property Type Single Family Residence

Price Type --

This thoughtfully designed single-story home features an airy open floor plan with 9-ft. ceilings and a generous great room that opens to an oversized covered patio. The modern kitchen is designed for both ease and efficiency, offering a large center island, a walk-in pantry and 42-in. upper cabinets with plenty of storage space. The primary suite, located at the back of the home for added privacy, includes an oversized closet, and the en-suite bath boasts a walk-in shower, an enclosed water closet and a dual-sink vanity with WaterSense®-labeled faucets. Additional features include pre-wiring for ceiling fans in the great room and bedrooms, a practical service door in the garage, and lush front yard landscaping to enhance curb appeal.

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1650 E Ponderosa Parkway Unit 326 Flagstaff, AZ 86001

$528,015

2 Beds

2 Baths

1,220 SqFt

Status Active

MLS # 6638734

Property Type Apartment

Price Type --

POPULAR 2-Bedroom 1220 sq. ft. Condo! Ponderosa Parkway is located close to downtown Flagstaff & NAU. The Urban Trail system will take you all over Flagstaff on foot or bike in minutes! FIRST RESPONDERS & MILITARY receive additional incentives! Call for your private tour today! Visit our sales office/Model home in Bldg. 3, Unit 111.

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3125 S Chatsworth Circle Mesa, AZ 85212

$528,000

4 Beds

2 Baths

1,767 SqFt

Status Active

MLS # 6789098

Property Type Single Family Residence

Price Type --

Don't miss seeing this Beautiful Fully Furnished 4 Bdrm Shea Home in Mint Condition!! Only used a Few Months a Yr! Great Location on Cul-de-sac Lot! This home has been updated with new interior paint, newer upgraded Tile & Wood like Plank Flooring. Kitchen has Refurbished Cabinets, upgraded granite counter tops & Stainless Steel Appliances. Great Layout. Lots of natural light with Plantation Shutters throughout. Enjoy the Large Covered Patio leading to a Beautiful Heated Salt Water Pool with in-floor cleaning system. Patio has a Polyaspartic finish. HVAC system only 4 yrs old. Hot water tank with circulation system only 5 yrs old. New Irrigation System. Conveniently located in the desirable Santa Rita Ranch community with easy access to parks, schools, shopping, dining & entertainment!

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