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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11300 N Casa Dega Drive Unit 1043 Surprise, AZ 85388

$525,000

3 Beds

3 Baths

2,043 SqFt

Status Active

MLS # 6785177

Property Type Apartment

Price Type --

Experience contemporary design in a versatile living space with this move-in ready Villa. This Residence Nine floorplan is located right next to the clubhouse that includes activities such as golf, pools, sport courts, professional spa, and an on-site restaurant and bars. A welcoming entrance offers views of the home's distinct tile floors and luxurious finishes with stairs that lead to the rest of the Villa. Located just off the kitchen, the formal dining room presents an elegant ambience with beautiful accents. Overlooking the desirable great room and both covered patios is the well-equipped kitchen, enhanced by a divine center island and wraparound counters. The primary bathroom suite is tucked away for a more intimate, private setting with its own entry to the covered deck.

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24702 W Red Robin Drive Wittmann, AZ 85361

$525,000

3 Beds

2 Baths

1,660 SqFt

Status Active

MLS # 6736093

Property Type Single Family Residence

Price Type --

Enjoy country style living in this 3 bedroom, 2 bathroom horse property set on over an acre of land. No HOA, RV gate and plenty of room for all your toys and to grow your own garden, have a pool or whatever else you desire. Easy maintenance front yard with gravel and lots of trees. The back yard is fully walled and includes horse stables and arena, plus covered patio and firepit. Beautiful courtyard entry. Great room floor plan with eating area with bay window and kitchen with plenty of cabinets, pantry and breakfast bar, fridge is also included. Owner's suite features full bathroom with separate tub and shower and dual sinks. Other features: tiled floors in living areas, ceiling fans, window coverings, sunscreens. New AC 2022. 3 car garage. More photos to follow once some repairs have been completed. Don't miss this opportunity to create your own oasis in the desert.

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5517 W Stargazer Place Laveen, AZ 85339

$525,000

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6783018

Property Type Single Family Residence

Price Type --

**Welcome Home!** ALL OFFERS WILL BE CONSIDERED. Experience modern comfort and style in this spacious 4-bedroom, 3-bathroom home, complete with a versatile den and a 3-bay tandem garage, thoughtfully designed to fit today's lifestyle. The flexible floor plan is perfect for a teen retreat or multi-generational living. The open-concept design highlights a luxurious master suite and a gourmet kitchen equipped with stainless steel gas appliances, stunning quartz countertops, and elegant shaker-style cabinets in White and Silver Gray, seamlessly carried throughout the home. This energy-efficient home meets *Energy Star* standards, combining style and sustainability. Enjoy ceiling fans in every bedroom, the great room, and the den. The upgraded carpet with premium padding in the bedrooms complements the sleek wood-look tile flooring found throughout the main living areas. The beautifully landscaped north-facing lot includes a lush lawn and a spacious covered patio. Oversized four-panel glass patio doors open to the backyard, where you'll find fresh pavers, a sidewalk, and grass re-seeded for a vibrant winter lawn. Take in breathtaking views of South Mountain and the Estrella Mountains from your own outdoor oasis. Freshly painted and meticulously maintained, this home is ready to impress and welcome its new owners!

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3746 W Marshall Avenue Phoenix, AZ 85019

$525,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6715643

Property Type Single Family Residence

Price Type --

Just minutes from Grand Canyon University and the I-17, this fully renovated Phoenix home offers modern living at its finest. Recently updated inside and out, featuring fresh landscaping and a backyard putting green for entertainment. Enjoy a brand new kitchen with stainless steel appliances, including a wine cooler. All-new flooring, exterior stucco, lighting features, and a spacious walk-in closet complete this stylish retreat. No detail overlooked in this meticulously updated home. Make it yours today!

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4423 E Ponca Street Phoenix, AZ 85044

$525,000

2 Beds

2 Baths

1,436 SqFt

Status Active

MLS # 6735342

Property Type Single Family Residence

Price Type --

Investor Alert! Lovely golf coarse home with a beautiful lot. Entire home renovated in 2021. New wood floors throughout. Interior boasts a spacious living/dining room with bountiful natural light, high ceilings. The family room is perfect for entertaining & has sliding glass doors leading to the spacious back patio. The updated kitchen has new granite counters new stainless appliances and a large breakfast bar The master bedroom comes with a sizable sitting room that could potentially be an additional bedroom, a walk in closet, sliding doors to the backyard and a renovated private bathroom. Delightful backyard oasis offers a covered patio, lush lawn, carefully manicured vegetation a great view of the golf coarse.

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12783 W Lowden Road Peoria, AZ 85383

$525,000

4 Beds

3 Baths

2,398 SqFt

Status Active

MLS # 6791086

Property Type Single Family Residence

Price Type --

Beautiful, quality built Maracay home in the community of Vistancia. Spacious & open floorplan with some high vaulted ceilings. 4 bedrooms + upstairs loft, large upstairs master suite with gorgeous master bath with separate shower & large tub + a private downstairs guest bedroom with full bath. Beautiful wood staircasing. Large gourmet kitchen with upgraded cabinets, quartz countertops and a prep island with a breakfast bar. Cozy front porch + extended rear covered patio that looks out to beautifully landscaped private yard that backs to desert belt + mountain views. Community pools, tennis & pickleball, indoor basketball & miles of walking trails connecting neighborhoods & amenities. Assumable VA loan with a 2.25% interest rate & home has been protected by a One Guard home warranty.

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6757 E Vaquero Circle Hereford, AZ 85615

$525,000

4 Beds

2 Baths

2,086 SqFt

Status Active

MLS # 6745283

Property Type Single Family Residence

Price Type --

Search no further! Beautiful home located in the sought-after Kings Ranch Subdivision ready for its new owner! Resting on a generous 1.3 acre property - Having low-maintenance front and backyard areas is definitely a bonus! Upon entering the home, you are welcomed by an open concept floor plan, lovely flooring, and a kitchen ready for you to unleash your inner chef! - Perfectly complemented by stunning quartz countertops and beautiful backsplash. All bedrooms are spacious and feature carpeted floors. Begin creating new memories in this stunning home offering panoramic views of the Huachucas - showcasing beautiful Arizona sunsets!

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7216 W Irma Lane Glendale, AZ 85308

$525,000

3 Beds

3 Baths

2,065 SqFt

Status Active

MLS # 6746754

Property Type Single Family Residence

Price Type --

Charming home in Sierra Verde. Sierra Verde offers fabulous lakes, parks, walking paths and an A+ STEM School. No carpet downstairs! EV Charger in the garage. Beautiful maple cabinets, fresh paint, vaulted ceilings, epoxy garage floors, RV gate, and a backyard that offers well designed areas to relax and explore with NO Backyard neighbors! Upstairs all bedrooms have walk in closets. Primary bedroom has vaulted ceilings, walk in closet, separate tub & shower and endless views due to no backyard neighbors. You're just minutes away from parks, shopping, dining, and the best that Glendale has to offer. This is more than just a home; it's your opportunity to give your family the life you've always dreamed of. Don't miss out on the chance to make this your forever home!

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26168 W Tina Lane Buckeye, AZ 85396

$525,000

2 Beds

2 Baths

2,323 SqFt

Status Active

MLS # 6747865

Property Type Single Family Residence

Price Type --

Welcome to the resort community of Sun City Festival, where the beautiful White Tank Mountains grace your view! This fabulous Fiesta model on a N/S fenced corner lot w/ turf & beautiful landscaping is a dream home. LOW APS BILLS W/ PRE-PAID-SOLAR! 3 CAR GARAGE! Enter the paver front courtyard, through the 10ft front entry door & into this open concept home w/10 ft ceilings, TILED Floors placed on the Diagonal, & carpeted Bedrooms. Enjoy the GOURMET Kitchen appointed w/ granite counter tops, an island w/ lots of storage for pots & pans, staggered cabinets w/ pull out shelves, pendant lights, 5 burner gas cooktop & s/s appliances. The Spacious Owner's Suite is a serene retreat w/private bath dual sinks, fully tiled walk-in shower & spacious walk-in closet, & its own entrance to the patio Positioned for privacy, the second bedroom is strategically separated also with a walk-in closet. The x- large laundry room has beautiful cabinets and sink. The 3-car garage has a plethora of cabinets & epoxied floor. Embrace outdoor living on the covered patio, a perfect spot for relaxation! This community also offers tennis, golf, fitness, clubs, restaurant, & so much more!

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24019 N 166th Lane Surprise, AZ 85387

$525,000

4 Beds

2.5 Baths

2,318 SqFt

Status Active

MLS # 6752844

Property Type Single Family Residence

Price Type --

Beautiful 4 bedroom + office, 2.5 baths, 2318 square foot, 3 car garage home located on a corner lot! Inviting kitchen with granite countertops, huge kitchen island, upgraded cabinets, pantry, gas cooking, large great room perfect for entertaining or relaxing, tile in all of the high traffic areas, beautiful master suite boasts his and hers walk-in closets, walk-in shower, water closet, dual vanities, access to the laundry room from the master bath, ample space in the secondary bedrooms, covered patio overlooks grass backyard, half bathroom is accessible from the covered patio, community greenbelt and playground around the corner, close to shopping, schools and freeways, see this home today!

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3892 S Cricket Drive Gilbert, AZ 85297

$525,000

4 Beds

2.5 Baths

2,163 SqFt

Status Active

MLS # 6757971

Property Type Single Family Residence

Price Type --

This is a BEAUTIFUL UPGRADED home in Power Ranch! NEW in 2024: Laminate flooring (NO carpet) + full interior paint! New water heater in 2023! Neutral colors + window blinds throughout! Open concept great room and kitchen w/stacked maple cabinets, granite countertops including built-in desk + appliance suite! Breakfast room + center island! Primary bedroom is downstairs w/ensuite bath + large walk-in closet! Head upstairs to the expansive loft + 3 more bedrooms and a full bath! Upstairs laundry! Lots of living options in this home! Head outside to your BIG low maintenance backyard w/mature trees + covered patio! This home is move-in ready!! Take a short walk to the community park or over to the beautiful lake! Close to SO many wonderful restaurants & shopping! WELCOME HOME!

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3285 N 159th Avenue Goodyear, AZ 85395

$525,000

2 Beds

2 Baths

1,678 SqFt

Status Active

MLS # 6755493

Property Type Single Family Residence

Price Type --

Charming Oakmont that overlooks the 11th green of Tuscany East with mountain views. Bumped out to add additional bonus room. Kitchen features vaulted ceiling, corian counters, updated appliances, breakfast nook & breakfast bar. Built in entertainment wall, window treatments, ceiling fans throughout, gutters, pigeon patrol wire, pergola on spacious patio, No filter / no chemical water softener & NEW ROOF underlayment (2022). Extended garage with storage cabinets & work bench. Original owner kept it well maintained. Don't miss out on this one.

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