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.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

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

20139 N Rawhide Way Surprise, AZ 85387

$525,000

2 Beds

2 Baths

2,075 SqFt

Status Active

MLS # 6683829

Property Type Single Family Residence

Price Type --

Beautifully maintained spacious Sierra Model! Large great room with updated media wall (built-in sound system), formal dining area, and spacious kitchen with Corian counter tops, breakfast bar, island, lots of storage, and expanded dining nook. Den is large with office / studio space and storage. Very large master suite with bay window, door leading to patio, and walk-in closet with wonderful storage system. Flooring is large tile, except carpets in bedrooms and den. Neutral paint, plantation shutters. 4' extended garage with one wall of storage closets. Newer appliances -fridge '23, hot water tank '24, newer HVAC system 14 Seer '19, exterior painting '23). SCG is 45 or older age restricted. Furniture is available with sale.

View Property

16409 S 46th Street Phoenix, AZ 85048

$525,000

3 Beds

2 Baths

1,695 SqFt

Status Active

MLS # 6767267

Property Type Single Family Residence

Price Type --

Explore your dream Ahwatukee home! This stunning NO HOA property sits on a spacious 1/4 acre lot and features a beautifully designed 3 bedroom layout with a versatile den/office, perfect for today's work-from-home lifestyle. The heart of the home boasts a great room with a cozy fireplace. The chef's kitchen is equipped with sleek granite countertops. Step outside to your private oasis with a sparkling pool, spa, and patio with speakers, perfect for entertaining. Conveniently located near top-rated schools and shopping, this home is ideal for embracing the lifestyle you've been dreaming of in Phoenix.

View Property

1654 E Palo Blanco Way Gilbert, AZ 85296

$525,000

4 Beds

2 Baths

1,805 SqFt

Status Active

MLS # 6702829

Property Type Single Family Residence

Price Type --

NEW AC AND DEEP CLEAN FOR PROVIDED FOR BUYER AFTER CLOSE! This four-bedroom home, situated on a corner lot, offers a perfect blend of convenience and luxury. Enjoy the ultimate relaxation and entertainment with a sparkling professionally maintained heated pool and hot tub, providing year-round enjoyment. Embrace peace of mind with transferable lifetime warranty on windows installed in 2022, ensuring both comfort and durability. Revel in the convenience of separate his and hers closets, offering ample storage space and organization. The flooring was tastefully redone in 2021, enhancing both aesthetic appeal and functionality. Dive into the latest upgrades, including a variable speed pool pump installed this year in 2024, All appliances purchased in 2021.

View Property

9921 E Tiburon Avenue Mesa, AZ 85212

$525,000

4 Beds

3 Baths

2,248 SqFt

Status Active

MLS # 6708016

Property Type Single Family Residence

Price Type --

Brand New! Built in 2021 & gently used, this Mesa home offers wood-look tile flooring, a neutral pallet, upgraded carpet in bedrooms & loft, & soaring ceilings. The open kitchen boasts white shaker cabinetry, quartz countertops, stainless steel appliances & an island. 1 full bedroom & bathroom are located downstairs. Upstairs you will find a convenient laundry room & a large loft ideal for a game room, sitting area, or office. Primary retreat with an impressive ensuite with dual sinks & a walk-in shower. Private backyard with a covered patio, turf, & travertine deck. Also featured, a 2-car garage & a water softener. You'll love the quiet community of Cadence at Gateway with amenities like a community pool, clubhouse, sports courts, & a workout facility!

View Property

17730 W Redwood Lane Goodyear, AZ 85338

$525,000

2 Beds

2.5 Baths

2,323 SqFt

Status Active

MLS # 6707949

Property Type Single Family Residence

Price Type --

!! FOR RENT AS WELL !! REDUCED for a QUICK SALE!! Indulge in luxury with this exquisite 2 bed, 2.5 bath retreat in the esteemed CantaMia community at Estrella Mountain Ranch. Upon entry, be captivated by a charming courtyard, hinting at the elegance within. The seamless open concept floor plan features a spacious great room, upgraded kitchen, custom shutters and an enchanting outdoor oasis for stylish entertaining or serene relaxation.Enjoy a life of leisure with low-maintenance landscaping, leaving ample time to explore the resort-style amenities of CantaMia. Dive into the Village Center's offerings, including a fitness center, indoor/outdoor pools, and rejuvenating spa Nearby, discover tennis courts, pickle-ball, bocce ball, and more for active pursuits. Outside the community, relish access to the prestigious Starpointe Residents Club and championship golf courses, ensuring endless excitement and relaxation. Freshly painted in spring 2023, this home epitomizes turnkey luxury, awaiting its fortunate new owners. Don't miss the chance to experience the pinnacle of Arizona living - schedule your showing today! Agents see listing tab for details on assumable loan.

View Property

940 N Bison Golf Court Show Low, AZ 85901

$525,000

3 Beds

2 Baths

1,575 SqFt

Status Active

MLS # 6714740

Property Type Single Family Residence

Price Type --

Beautiful 3-Bedroom, 2-Bathroom Home on Golf Course in Gated White Mountains Community Welcome to your dream home in the heart of the White Mountains! This residence is nestled within a secure, gated community and sits directly on a beautifully manicured golf course. The open-concept living area is filled with natural light and features a cozy fireplace, perfect for relaxing evenings. The master bedroom offers a peaceful retreat with an en-suite bathroom. Step outside to your private deck where you can enjoy tranquil views of the lush golf course, perfect for morning coffee or entertaining guests. Situated in the White Mountains, you'll have easy access to outdoor activities such as hiking, skiing, and golfing, as well as local dining and shopping! Home may come partially furnished too!

View Property

4140 N 21st Street Unit 5 Phoenix, AZ 85016

$525,000

3 Beds

2.5 Baths

2,027 SqFt

Status Active

MLS # 6719540

Property Type Townhouse

Price Type --

Freshly painted & new carpet, this townhome is priced to move! Located in a quaint & quiet complex w/only 8 units, this townhome offers that single family feel without the maintenance. End unit, 3 beds, 2.5 baths & attached 2 car garage. Open floor plan w/tile flooring, gas fireplace, newer AC, shutters & separate laundry room w/sink. The kitchen has a plethora of cabinets, granite counters, large island, stainless appliances & pantry. Upstairs you'll find a HUGE primary bedroom w/large walk in closet & ginormous shower w/2 shower heads! Down the hall you'll find 2 more bedrooms, both w/walk in closets & full bathroom. 1/2 bath on main floor. Plenty of storage on both levels. Private patio w/common area access. With a walk score of 70, you're conveniently close to all Phoenix has to offer

View Property

2937 Ransack Road Overgaard, AZ 85933

$525,000

2 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6721710

Property Type Single Family Residence

Price Type --

Beautiful one owner 2 BR/ 2BA 2074 SqFt custom home on a nicely treed 0.67-acre homesite in Forest Trails. This amazing home features a large great room with a fireplace, built in shelving, Spanish style archways, tiled flooring, ceiling fans, a chef's gourmet kitchen with plenty of cabinetry and double oven, a spacious laundry room, a den/office off of the kitchen with a private entrance/exit .and a very large loft. The master bedroom is upstairs with an ensuite master bath and a private balcony. The exterior boasts low maintenance siding, rock accents, a large 2 car garage and a circular drive. In this serene idyllic retreat, every corner is well thought out in the spirit of relaxation and comfort making the perfect escape from the valley summer temperatures!

View Property

25170 N 134th Lane Peoria, AZ 85383

$525,000

5 Beds

2.5 Baths

2,538 SqFt

Status Active

MLS # 6725003

Property Type Single Family Residence

Price Type --

What a beautiful energy-efficient home in Rancho Cabrillo! A 2-car garage, RV gate, stone accents, and a welcoming front porch are worth mentioning. Inside, you'll love the inviting open floor plan graced with bountiful natural light. Upgraded kitchen boasts gleaming stainless steel appliances, recessed lighting, staggered cabinets with crown moulding, a walk-in pantry, quartz counters, and a waterfall prep island with a breakfast bar. Venture to the primary retreat equipped with plush carpet, an ensuite with dual sinks, and a walk-in closet. Cozy loft can be used as a reading nook! Secondary bedrooms are upstairs. Oversized backyard with a covered patio is a blank canvas waiting for your creative landscape ideas.

View Property

2616 S Tobin -- Mesa, AZ 85209

$525,000

4 Beds

2.5 Baths

2,236 SqFt

Status Active

MLS # 6733880

Property Type Single Family Residence

Price Type --

Welcome to the highly desired community of Mulberry in East Mesa! This beautiful 4-bedroom, 2.5-bath home boasts an open floor plan with an office space on the main level. The open-concept living area is filled with natural light. The gourmet kitchen features modern appliances, granite countertops, and a large island. The master suite is a true retreat with a luxurious en-suite bath, and walk-in closet. Mulberry offers amenities for an active lifestyle, including pickleball and tennis courts, two community pools, a clubhouse, and multiple parks. Come check out this lovely home in one of East Mesa's top communities.

View Property

3621 E Meadow Mist Lane San Tan Valley, AZ 85140

$525,000

5 Beds

3 Baths

3,044 SqFt

Status Active

MLS # 6726781

Property Type Single Family Residence

Price Type --

Spacious home with an assumable mortgage at 3.25%!!!- ask for details! This popular split floor plan is in the quiet Castlegate community. Mature landscaping, vaulted ceilings, large master bedroom suite, with walk in closet, soaking tub, separate shower and his and her double sinks. Large open kitchen with huge island, stainless steal appliances and granite countertops. Front room can easily be converted into an in law suite for multi generational living. Plenty of room for the family, north south exposure with grassy back yard, covered patio and above ground spa. Plenty of storage throughout the home with a walk in pantry, and a large laundry room with room for 2 refrigerators. Priced below comps and ready for you to make it your own.

View Property

2944 N Meadow Lane Avondale, AZ 85392

$525,000

5 Beds

3.5 Baths

3,630 SqFt

Status Active

MLS # 6741750

Property Type Single Family Residence

Price Type --

Garden Lakes Basement Home!! Discover your next home in the Garden Lakes community of Avondale, AZ. A true oasis in the desert landscape, Garden Lakes offers its residents the opportunity to boat, fish or just take in the view. This two-story residence with a basement boasts 5 bedrooms, 3.5 baths, and a 3-car tandem garage, situated on a desirable corner lot. With over 3000 sq. ft. of living space, the interior features granite countertops, a primary suite on the main floor with a Jacuzzi tub, and a wet bar in the basement. Recent upgrades include a new roll comp patio roof, newer tile roof with warranty, exterior paint, and AC units all replaced within the last 5 years. Ideally located near I-10 and 101 freeways, this home offers space, comfort, and convenience.

View Property