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

7351 W Palo Brea Lane Peoria, AZ 85383

$525,000

3 Beds

2.5 Baths

2,519 SqFt

Status Active

MLS # 6738686

Property Type Single Family Residence

Price Type --

This charming two-story home in the gated Sonoran Mountain Ranch community offers a blend of comfort and convenience. It features three spacious bedrooms, 2.5 baths, and a dedicated office/den for work or study. The oversized loft area provides additional flexible living space. The living room showcases elegant stonework, while the kitchen boasts a large island with granite countertops and a stylish backsplash. Enjoy beautiful mountain views and easy access to the community pool, enhancing your lifestyle in this desirable location.

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702 Mule Springs Trail Forest Lakes, AZ 85931

$525,000

2 Beds

2 Baths

1,164 SqFt

Status Active

MLS # 6741742

Property Type Single Family Residence

Price Type --

Cabin living at its best! Enjoy watching wild horses and other wildlife from your covered porch as you view the beautiful national forest adjacent to your property. This 2-bedroom, 1-1/2 bath home has an additional sleeping space in the loft for your extended family to visit. The loft also provides a cozy den/office space for your relaxation. Woodstove heating plus electric baseboard heat in bedrooms. Most of the furnishings can convey by separate agreement. The huge carport and porch provide an additional approx.1000 square feet of covered outdoor living. The 1.16 acre lot and large shed provide lots of space for all your tools and toys. Forest Lakes is at 7500' elevation in tall pine country where the temperatures are typically about 30 degrees cooler than the Phoenix valley.

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830 N Cholla Street Chandler, AZ 85224

$525,000

3 Beds

2 Baths

1,401 SqFt

Status Active

MLS # 6741500

Property Type Single Family Residence

Price Type --

Step into this beautifully updated home, where modern upgrades meet classic comfort in the desirable Anderson Springs neighborhood. With a brand-new kitchen, a breakfast bar to enjoy the view into the pool, refreshed bathrooms, and new flooring throughout, this home is move-in ready and waiting to welcome you. The heart of the home is the newly renovated kitchen, featuring freshly new cabinets that add a touch of charm. The kitchen flows seamlessly into the living and dining areas, making it the perfect space for both everyday living and entertaining. Vaulted ceilings enhance the sense of space, while the fresh interior paint throughout gives the home a bright and welcoming feel. The master suite is a true retreat, offering a spacious walk-in closet and a luxurious master bath. Unwind in the separate soaking tub, or refresh yourself in the walk-in shower. Dual sinks provide convenience and a touch of elegance. The guest bathroom is equally impressive, featuring stylish mosaic tile that adds character and a modern flair. Outside, the backyard is your personal oasis. A sparkling pool invites you to cool off on hot days, while the covered patio and charming gazebo create the perfect setting for relaxation and gatherings with friends and family. Imagine summer afternoons spent lounging by the pool or hosting barbecues under the shaded gazebo. Located in the picturesque Anderson Springs community, this home offers the best of both convenience and tranquility. Enjoy leisurely walks to the nearby lake, or take advantage of the proximity to shops, restaurants, and the grocery storeall just a short stroll away. This home truly has it all: modern updates, a prime location, and a backyard made for enjoyment. Don't miss your chance to make it your own. Over $42,000 invested into the remodel

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245 N Aztec Trail Wickenburg, AZ 85390

$525,000

3 Beds

2 Baths

1,654 SqFt

Status Active

MLS # 6751433

Property Type Single Family Residence

Price Type --

Nestled in a tranquil cul-de-sac within a sought-after neighborhood, this meticulously maintained 3-bedroom, 2-bath home offers a harmonious blend of comfort and style. With a thoughtfully designed split floor plan, you'll appreciate the privacy of the master suite, featuring a luxurious bathroom with a separate tub and shower. The property sits on nearly half an acre, adorned with mature landscaping that enhances the home's picturesque curb appeal. Enjoy the expansive outdoor space, perfect for gardening, play, or simply unwinding in your private retreat. A standout feature of this residence is the enclosed Arizona Room, providing an additional 390 square feet of versatile living space that is seperatley cooled/heated—ideal for a sunlit office, playroom, or cozy lounge. Kitchen and dining area were just painted and new appliances installed! There is a 3-car garage for your vehicles and storage needs. Home also offers a 18x30 foot covered RV parking space and a 10x14 Tuff shed. Homeowner just had the roof underlament replaced and that material has a 50 year warranty. This warranty is transferable to the new owners. Sellers also added a new driveway that gives easy access to the RV Carport. Leaf filters were recently added to the gutters on the back of the home. There are several other upgrades and updates on the home. Please see the update list in the documents tab for that information.

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670 Daniel Place Prescott, AZ 86303

$525,000

3 Beds

2.5 Baths

1,909 SqFt

Status Active

MLS # 6745278

Property Type Single Family Residence

Price Type --

Welcome to this barely lived in home! Just 1.2 miles from Prescott's iconic Courthouse Square and its vibrant monthly events. Nestled on a peaceful cul-de-sac, this well-built gem offers an elevated 'forever' view, with your backyard opening to the serene 80-acre Acker Park. Enjoy easy access to hiking trails, lush vegetation, and an amphitheater, all with the majestic Granite Mountain and Thumb Butte Mountain as your backdrop. A brand-new roof was installed in JUNE 2024, ensuring lasting quality and peace of mind. With no HOA, you'll also appreciate the convenience of an attached oversized garage ''perfect'' for extra storage or a workshop. The MASSIVE unfinished basement is a blank canvas, ready for your creative touch. Whether you seek a tranquil retreat with EXPANSIVE, PANORAMIC...... VIEWS, allowing you to OPEN all windows and doors on the multi-tied balconies to enjoy indoor/outdoor living, then this standout home is your dream home. Imagine yourself enjoying all 4 Seasons of Prescott, with starlit nights, and refreshing breezes from either of the two balconies. This home truly has it all!

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1112 E Winged Foot Drive Chandler, AZ 85249

$525,000

3 Beds

2 Baths

2,333 SqFt

Status Active

MLS # 6747831

Property Type Single Family Residence

Price Type --

Super cute home in southeast Chandler ready for you to make your own. This functional and spacious floorplan offers easy living in the highly desirable community of Sunfield in Chandler. This spacious home features large living spaces, three bedrooms and two baths. The master suite looks to the desert inspired backyard. There is also a lovely covered patio for you relax and unwind on. If you are looking for a active 55+ community .. you will love all the amenities - tennis, pickleball, golf, social clubs, dining and so much more! Welcome home!

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27524 N Montana Drive Rio Verde, AZ 85263

$525,000

2 Beds

2 Baths

1,730 SqFt

Status Active

MLS # 6751350

Property Type Townhouse

Price Type --

Beautiful turnkey townhome in the gated community of Tonto Verde. Located in a quiet cul-de-sac, backing to the beautiful driving range and a short walk to the clubhouse and its amenities. Great room style living with fireplace and walls of windows taking in the backyard views and gorgeous sunsets. Split floor plan with 2 large bedrooms and 2 full baths. Primary bedroom with access to the spacious patio and primary bath with dual vanities, tub, walk in shower and walk in closet. Kitchen with center island and cooktop, breakfast counter and dining that is open to the lush landscaping with floor to ceiling windows. New Interior paint 2024, New roof in 2022, New HVAC in 2020, New Hot water heater in 2022 and New Washer/Dryer in 2020. Oversized 2.5 car garage with golf cart access

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1579 N Himosa Drive Casa Grande, AZ 85122

$525,000

3 Beds

2.5 Baths

2,341 SqFt

Status Active

MLS # 6757321

Property Type Single Family Residence

Price Type --

This semi custom, gorgeous home located in the heart of Casa Grande is every entertainer's dream! This beauty provides 3 bedrooms and a perfect 4th bonus room and 3 car garage. The energy efficient windows, 10 ft ceilings and high end features will definitely leave you in awe. The kitchen is delightful, boasting granite counter tops, a large island, gas stove, and a charming bar. The walk in pantry is absolutely massive. This open concept design with double sliding patio doors definitely kicks it up another notch. Walk into your grand master ensuite and you will find a large bedroom, stunning bathroom with an exquisite shower, dual sinks, and an enormous closet. The perfectly appointed covered patio looks out onto a blank canvas ready for your creation. Fall in love with this beauty today

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4561 E Westchester Drive Chandler, AZ 85249

$525,000

4 Beds

2 Baths

2,082 SqFt

Status Active

MLS # 6755496

Property Type Single Family Residence

Price Type --

Gorgeous single-level home in Sun Groves! Attractive curb appeal and conveniently located near parks, schools, and shopping. Excellent floorplan with guest/kids bedrooms in one hallway split from the primary bedroom. Large open kitchen/family room ensures the cook won't miss any action at family gatherings. Living/dining room in the front of the home gives another option for entertaining space. Kitchen features include island, built-in microwave, plenty of cabinets, and walk-in pantry. Vaulted ceilings. This house boasts 4 bedrooms! Primary bedroom has suite with dual vanities and separate tub and shower. Spacious backyard, covered patio, and screen door. Tankless hot water heater, water softener, side door exit, 2 car garage. Sun Groves is known for its welcoming family-friendly atmosphere, well-maintained community playgrounds, scenic surroundings and highly-rated Chandler schools. Easy access to San Tan Mall, Gila River Resort & Casino, downtown Chandler & Gilbert. Come fall in love with this neighborhood and home!

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24098 N Wheat Road Florence, AZ 85132

$525,000

3 Beds

2.5 Baths

2,407 SqFt

Status Active

MLS # 6755862

Property Type Single Family Residence

Price Type --

This stunning residence features a rare, massive RV garage and RV gate! Step into the backyard oasis where a sparkling pebble-tec pool awaits, framed by a beautiful travertine deck and a spacious covered patio—ideal for relaxing and entertaining. Inside, the modern home boasts sleek stainless steel appliances, island with elegant granite countertops, and a convenient walk-in pantry. Enjoy the vibrant community amenities including a playground, basketball court, and green spaces—perfect for fun weekends! Hurry before this opportunity is gone!

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17227 E Rand Drive Fountain Hills, AZ 85268

$525,000

3 Beds

2 Baths

1,893 SqFt

Status Active

MLS # 6764201

Property Type Twin Home

Price Type --

Introducing an enchanting single-level townhome situated on a coveted corner lo and NO HOA DUES! This gem offers a desert front yard, a 2-car garage, and an extended driveway. Discover an inviting living/dining room featuring vaulted ceilings, wood-style vinyl flooring, designer's paint, and a brick-wall fireplace. The kitchen is a homemaker's delight, equipped with quartz counters and white cabinetry complemented by a honeycomb tile backsplash. Bright breakfast nook for casual dining. Retreat to the main suite, offering two closets, a sitting room, a private bathroom, and multiple exits. The AZ room is excellent for year-round entertainment. Forget about the hot weather and plunge into the refreshing pool in the large backyard with palm trees, a pergola, and dreamy mountain views.

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42201 W Rummy Road Maricopa, AZ 85138

$525,000

3 Beds

2 Baths

2,045 SqFt

Status Active

MLS # 6763092

Property Type Single Family Residence

Price Type --

Immaculate Waterfront Home, Fully Furnished in the Award Winning Active Adult Community of Province. Pride of ownership is eminent upon entry of this gorgeous home. Luxurious cherry bordeaux cabinets throughout with 14' ceilings at the great room and a spectacular backyard with an extended paver patio with pergola, putting green and a walk way down to the lake perfect for enjoying those gorgeous Arizona sunsets. Brand new HVAC system just installed this year including a 10 year warranty. The kitchen has rich granite countertops, black appliances with a newer stainless steel fridge and a gas range. Split floor plan with a spacious owner's suite including a bay window in the bedroom and his and her vanities in the bathroom with a nice size shower and walk in closet. Extended 4' garage extension with built in cabinets and a workbench. Additional features in this beautiful home include: a whole house water filtration system with soft water and RO system, upgraded lighting and plumbing fixtures throughout, ceiling fans and window coverings. Front paver courtyard provides another wonderful outdoor living space. The home also includes spray foam insulation and dual pane Low E windows. The home is also fully furnished including all accessories, dishes, pots and pans, linens and miscellaneous garage items. Bring your clothes and a toothbrush and Start Living the GOOD LIFE!

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