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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2355 E Wagon Wheel Lane San Tan Valley, AZ 85140

$525,990

5 Beds

4.5 Baths

3,020 SqFt

Status Active

MLS # 6740010

Property Type Single Family Residence

Price Type --

Nestled perfectly in the sought-after city of San Tan Valley, this 3,020-square-foot, two-story home offers 5 bedrooms, 4.5 bathrooms, a huge loft, and a 3-car tandem garage. As you enter the house, you'll find a bedroom and full bath to the right. Walking into the great room, the large 4-panel sliding glass door brings in light to brighten up the dining nook and kitchen. This home is beautifully appointed with our Coastal Collection, which includes 42'' upper shaker-style white cabinets, quartz counters, and a blue-and-grey-toned backsplash. Upstairs, you will find a spacious primary suite with a large walk-in closet and double sinks, plus a linen closet for additional storage. The second story boasts a spacious laundry room right off the huge loft. Each bedroom is equipped with its own walk-in closet and shares two full bathrooms upstairs, excluding the primary bathroom. And who could forget the large backyard? This home is a stunner, complete with a washer, dryer, fridge, and blinds!

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1601 W Orchid Lane Chandler, AZ 85224

$525,900

3 Beds

2.5 Baths

1,786 SqFt

Status Active

MLS # 6764320

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly desirable neighborhood of Andersen Springs in Chandler. This beautifully updated 3 bedroom, 2.5 bathroom home boasts a prime location, just steps away from shopping, restaurants, and easy freeway access. Step inside and be greeted by a spacious and bright open floor plan, perfect for entertaining and family gatherings. The kitchen features modern SS appliances, newly painted cabinets & hardware, and abundant storage space. The cozy family room with a fireplace is the perfect place to relax and unwind after a long day. Upstairs, you will find three generously sized bedrooms, including a master suite with a private balcony overlooking the tranquil green belt and walking trail. But that's not all - this home has received numerous recent updates, including fresh exterior and interior paint, new flooring and carpet, a serviced A/C unit, and even a new roof underlayment. Every detail has been taken care of for you, including a thorough cleaning and fresh landscaping. Don't miss the opportunity to make this dream home yours. Schedule a showing today and experience the best of Chandler living in the beautiful Andersen Springs community.

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1121 N Revere -- Mesa, AZ 85201

$525,900

3 Beds

2 Baths

1,981 SqFt

Status Active

MLS # 6792079

Property Type Single Family Residence

Price Type --

Gorgeous remodeled home, with a formal dining room, library off living room, skylights in kitchen, hallway and bathroom. Dual pane windows and ceiling fans. The yard features mature orange and lemon trees, locking RV gate, parking and a diving pool. This home is located near the Mesa Riverview for easy access to shopping and entertainment. This home is also close to Arizona State University with easy access to the 202.

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165 E Liberty Lane Gilbert, AZ 85296

$525,500

3 Beds

2 Baths

1,864 SqFt

Status Active

MLS # 6720132

Property Type Single Family Residence

Price Type --

This well-maintained, single-story, 3-bedroom home is located on an oversized lot, perfect for your creative vision. Imagine stepping into your spacious backyard, complete with the pool and entertainment area of your dreams, while still having plenty of room for kids or dogs to play or to plant a garden. On those rare rainy days, or when the weather is too hot or cold, you can entertain guests inside in the large, open great room. The kitchen features ample cabinets and a walk-in pantry for all your kitchenware & food, with beautiful granite countertops for meal preparation. Plus, you'll be just minutes away from downtown Gilbert, offering fun & shopping for the whole family. Don't wait, this opportunity won't last long!

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16060 W Charlotte Drive Surprise, AZ 85387

$525,021

4 Beds

3 Baths

2,286 SqFt

Status Active Under Contract

MLS # 6745623

Property Type Single Family Residence

Price Type --

MOVE-IN READY, BRIGHT GREAT ROOM PLAN, QUICK CLOSE!! 4 BEDROOMS PLUS DEN, 3 BATHS, 9'CEILINGS, 8FT INTERIOR DOORS, GOURMET KITCHEN LAYOUT, UPGRADE CABINETS, GRANITE KITCHEN TOPS, SPA SHOWER, TILED FLOORING. 2'' WHITE FAUX WOOD BLINDS, CEILING FANS, ENERGY STAR QUALIFIED HOME, INDOOR AIR PLUS. A SHORT DISTANCE FROM THE COMMUNITY POOL AREA, PICNIC AREA, TOT LOTS, BASKETBALL, PICKLE BALL COURTS AND SO MUCH MORE.

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1741 E Palm Parke Boulevard Casa Grande, AZ 85122

$525,000

7 Beds

3 Baths

2,948 SqFt

Status Active

MLS # 6774164

Property Type Single Family Residence

Price Type --

This delightful single-level home is ready for its next owner! Featuring a low-maintenance landscape and a welcoming front patio, it's perfect for easy living. Inside, the bright and inviting living/dining area offers neutral flooring and a soft color palette, ideal for entertaining. The kitchen is a chef's dream, complete with ample cabinets with crown molding, a pantry, and plenty of counter space for all your cooking needs. With 7 comfortable bedrooms, there's plenty of space for everyone to unwind. The home is also equipped with smoke detectors and fire sprinklers for added safety or group home use. Step outside to a covered patio where you can take in the clear blue skies. The expansive backyard, complete with a pergola and paved area is perfect for hosting gatherings

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9459 S Caballero Loop Hereford, AZ 85615

$525,000

3 Beds

2.5 Baths

2,518 SqFt

Status Active

MLS # 6778060

Property Type Single Family Residence

Price Type --

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6 Acr 3125 -- Vernon, AZ 85940

$525,000

4 Beds

3 Baths

1,920 SqFt

Status Active

MLS # 6787227

Property Type Manufactured Home

Price Type --

Expansive 1.49 acre lot with a huge, detached garage and tons of potential! This 4bed/3 bath home features a spacious family room and two enclosed patios providing plenty of living space for every member of the family. Two master bedrooms each with an en-suite bathroom offer comfortable multi-generational living or guest quarters. Laminate flooring throughout makes quick work of daily chores so you can spend more time on the things that truly matter. In addition to the main house and attached garage, this property features an oversized, detached garage and workshop complete with heat, electricity, and water providing the blank slate to accommodate any of your needs! You don't want to miss this one!

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4792 E Powell Lake Road Topock, AZ 86436

$525,000

3 Beds

2 Baths

1,388 SqFt

Status Active

MLS # 6792901

Property Type Single Family Residence

Price Type --

This house is brand new. NO HOA! Lots of upgrades. radiant barrier plywood for the roof , cement tile roof, double layered roof paper, tile flooring & bathrooms, walk in master shower, stainless appliances, big ceiling fans with remotes. wifi thermometer. Boat deep garage! The garage is 25w x 30 deep 12' tall, door is 10' tall x 16' wide & 50 Amp, Sewer and Water hookup on exterior, garage side for RV hookups as well!

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9561 Caballero Loop Hereford, AZ 85615

$525,000

4 Beds

3 Baths

2,510 SqFt

Status Active Under Contract

MLS # 6745879

Property Type Single Family Residence

Price Type --

Brand new construction located in the gorgeous newer subdivision of Rancho Arizona with unobstructed mountain views to the east and the west. Enjoy calling this property home with its 4 bedrooms and 3 bathrooms. Enjoy your time at home or entertaining with a spacious great room, dining area, and amazing kitchen complete with wall oven, gas cook range, island and granite counters. Be the first to call this one HOME!

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Phoenix AZ 85037

$525,000

4 Beds

3 Baths

2,551 SqFt

Status Active

MLS # 6718696

Property Type Single Family Residence

Price Type --

BEAUTIFUL 4 BEDROOM, 3 BATHROOM HOME, WHITE KITCHEN CABINETS WITH GORGEOUS GRANITE COUNTERTOPS. BUILD IN ENTERTAINMENT UNIT WITH FIREPLACE. UPSTAIRS OVERSIZED MASTER BEDROOM WITH WALK OUT BALCONY. OUTDOOR BEAUTIFUL POOL WITH GAZEBO'S WATERFALL. PERFECT BACK YARD OASIS FOR ENTERTAINMENT & FOR YOU TO ENJOY. GREAT LOCATION CLOSE TO WESTGATE NEIGHBORHOOD, FREEWAY ACCESS AND CARDINALS STADIUM. MUST SEE!!!

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5404 W Walatowa Street Laveen, AZ 85339

$525,000

4 Beds

3 Baths

2,216 SqFt

Status Active

MLS # 6730594

Property Type Single Family Residence

Price Type --

PRICE REDUCED! This beautiful home is a 2023-built home nestled on a corner lot in the desirable community of Tierra Montana. Inside, you'll find a soft, modern color palette, wood-look flooring, and a spacious, bright, and airy great room floor plan designed for entertaining. It also features a formal dining area for gourmet meals and a versatile den ideal for a home office or extra living space. The kitchen is a chef's delight, equipped with stainless steel appliances, a wall oven, expresso-stained cabinets, quartz counters, and a center island with pendant lights over the breakfast bar. Relax in the main suite, complete with a private bathroom that includes dual sinks, a garden tub, and a walk-in closet. Step outside to a landscaped, serene backyard with a covered patio, artificial turf, and a paver patio perfect for enjoyable barbecues. The home has all appliances, including a washer, dryer, and insulated garage, and the owners did $60,000 worth of upgrades at build time. This gem is minutes from Carver & South Mountain; enjoy hiking, biking, and trails, and soak in breathtaking mountain views. This is a beautiful must-see home!

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