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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21429 E Bonanza Way Queen Creek, AZ 85142

$525,000

4 Beds

2 Baths

1,916 SqFt

Status Active

MLS # 6792001

Property Type Single Family Residence

Price Type --

Unveil the Hidden Gems of Your Future Home! This exceptional renovated 4-bedroom, 2-bathroom residence and a separate den at E Bonanza Way is brimming with surprises that elevate everyday living. From its spacious 1,916 sqft layout to the meticulously designed interiors, every corner tells a story of comfort and style. But there's more than meets the eye—exclusive features await your discovery. Curious to uncover them? Reach out to explore the full array of amenities that make this home a standout choice. Queen Creek is a town that harmoniously blends its rich agricultural heritage with modern suburban living. Incorporated in 1989, it has grown into a vibrant community known for its friendly atmosphere and commitment to quality of life.

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602 E Amarillo Circle Payson, AZ 85541

$525,000

4 Beds

3 Baths

2,452 SqFt

Status Active

MLS # 6793439

Property Type Single Family Residence

Price Type --

This charming 4-bedroom, 3-bathroom home within a mile to hiking trails, park and shopping is perfect for a large family, nestled in a desirable, friendly cul-de-sac offers a private fenced yard allowing for RV parking, space for gardening plus a private brick pad with a separate breaker for a spa or jacuzzi. Enjoy the outdoor living space with a large front covered porch and large covered deck in the back. The lower level of this spectacular home can also be used for In-Law suite, separate guest quarters or rental income. Upgrades and improvements including a new roof installed in 2024. Other improvements are new gutters, reinstalled irrigation systems, 8 x 12 shed and the garage remodeled to fit an extended bed truck. In the upstairs as well as downstairs you will find newly remodeled master baths, new flooring installed throughout the house, main kitchen remodeled, new appliances with new washer & dryer all completed in the past 3-5 years. Also notice security doors upstairs and downstairs added as well.

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11145 E Posada Avenue Mesa, AZ 85212

$525,000

3 Beds

2 Baths

1,775 SqFt

Status Active Under Contract

MLS # 6660177

Property Type Single Family Residence

Price Type --

Beautiful upgrades throughout with oversized lot. Back yard is an entertainers dream with paver walkways and seating area. Patio has roll down screen to enclose the porch. Kitchen cabinets upgraded with nice granite and tasteful colors. Furnished with desireable modern furniture. His & her closets and sinks in master bath. The owner will be taking golf cart, tools, work benches, fire pit out back and storage container out back. buyer to pay $2212.5 capital improvement fee

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15130 W Home Run Drive Surprise, AZ 85374

$525,000

2 Beds

2 Baths

2,010 SqFt

Status Active Under Contract

MLS # 6685699

Property Type Single Family Residence

Price Type --

CLEAN & PRISTINE, SPLIT BEDROOM BORGATA, ELEGANT PLANTATION SHUTTERS, CROWN MOULDING, GRANITE KITCHEN COUNTERS WITH MATCHING BACK SPLASH, PREFERRED GAS RANGE AND OVERSIZED NEUTRAL TILE. GREAT ROOM IS COMPLETE WITH MEDIA WALL & SURROUND SOUND. LARGE OFFICE/DEN EXTENDED 4 FEET. MASTER EXTENDED 4 FEET AND HAS BAY WINDOW, DOOR TO BACK PATIO AND DUAL SINKS. NATURAL FLAGSTONE IN COURTYARD. FOR BEAUTY & EASE OF CLEANING EXPANDED PATIO HAS BEEN COATED WITH KOOL DECK EPOXY COATING. THE FOOD PREP AREA IS SPECIFICALLY DESIGNED FOR GAS BBQ GRILL. THE GAS FIRE PIT CREATES THE PERFECT SETTING FOR ENTERTAINING FAMILY AND FRIENDS. LAUNDRY ROOM HAS OVER HEAD CABINETS, FRONT LOAD LG WASHER & DRYER ON PEDISTALS. GARAGE EXTENDED 4 FT, HAS CABINETS & OVERHEAD STORAGE. LEMON, LIME & ORANGE TREES

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13215 N 30th Place Phoenix, AZ 85032

$525,000

3 Beds

2 Baths

2,017 SqFt

Status Active Under Contract

MLS # 6741305

Property Type Single Family Residence

Price Type --

Reduced $35K for immediate sale. Beautiful updated single level with diving pool is ready for a new owner. Nice open floorplan with formal living room, formal dining room, large great room with wood burning fireplace and a chefs delight for a kitchen. Newer rich wood grain cabinets, granite counters, center island,self closing drawers, and stainless appliances. The primary suite features remodeled bath and separate entrance to the pool out back. good size bedrooms- *3rd bedroom was designed to be two separate bedrooms, so double the size. AC was replaced in 2016, and a complete new roof (tear-off and extra sheathing) in July of 2024, newer double pane windows with blinds. Great location to Hwy 51/101, shops/theaters and newly redeveloped PV mall close by.

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1844 W Lewis Avenue Phoenix, AZ 85007

$525,000

3 Beds

2 Baths

1,995 SqFt

Status Active Under Contract

MLS # 6744101

Property Type Single Family Residence

Price Type --

BEST DEAL IN SURROUNDING AREA +10K SELLER CONCESSION for Buyer rate buy down & closing costs! Nestled on a 1/4-acre corner lot, situated in an exclusive 18-resident enclave that backs to the Encanto Golf Course, ++OWNED SOLAR! This GEM features 3 bedrm. 2 bth. Formal Living/Dining, +Eat-in breakfast, Family Rm. & Den/Office space. HOME FEELS MUCH LARGER INSIDE! VERY DECEIVING! Natural light filled the spaces, complemented by a designer palette & tile flooring t/out. The impressive kitchen has SS appliances, mosaic tile backsplash, cabinetry w/crown molding, a breakfast bar, & a cozy nook. Main bedrm boasts a walk-in closet & a Jack & Jill bathrm w/dual sinks. Spacious backyard w/a covered patio, detached workshop/storage shed, RV gate from alley w/a partial pad for parking! This home has a HUGE indoor storage & pantry area w/washer, dryer, water heater, plenty of storage shelves, very useful, light & bright w/window as you enter from garage into home. The sq. footage for this area has not been added to the listed sq. footage of 1995. POSSIBILITIES ARE ENDLESS W/LOT SIZE! 1% FREE RATE BUYDOWN FOR 1st 12 Mos. w/PREFERRED LENDER, CRAIG CUSICK, Fairway Mtg. Ask for more details.

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2508 W Running Deer Trail Phoenix, AZ 85085

$525,000

4 Beds

2.5 Baths

2,206 SqFt

Status Active Under Contract

MLS # 6752115

Property Type Single Family Residence

Price Type --

In the stunning Norterra Dynamite Mountain Ranch Community, a lovely single family home on an oversized lot is ready for your family. Full exterior paint, new carpet, new lighting, door handles, faucets, refreshed well maintained home. Some of the best schools and shopping in the Valley, the location could not be better. Granite countertops through-out, large designer tile, gorgeous tiled fireplace, separate tub/shower in master, huge walk-in closet, loft PLUS 3 more bedrooms! Split floor plan and stunning pie size lot. RV Gate with pavers fully surrounding pool with SPA hook-ups, palm trees, new sod, irrigation and fully fenced. **Buyer was not able to fulfill contingency BACK ON MARKET**

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4149 E Stanford Avenue Gilbert, AZ 85234

$525,000

3 Beds

2 Baths

1,962 SqFt

Status Active Under Contract

MLS # 6769573

Property Type Single Family Residence

Price Type --

ORIGINAL OWNER, Towne Meadows, Fulton Home. 3 Bed/2 Bath/3 Car Garage, N/S Exposure, Transom & Clerestory Windows allow light to fill this lovely home. Formal Living/Dining Room with Den/Office, Family Room w/Electric Fireplace, Breakfast Bar & Eat-in Kitchen. Vaulted Ceilings, Plant Shelves, Bay Windows in Primary and Kitchen adding to the generous room sizes. Travertine & Wood Like Plank tile. Kitchen Upgraded with newer SS Appliances and Granite Countertops. Primary Bath fully remodeled w/ Garden Tub, Roomy Shower, Dual Sink Vanity, New Lighting, Walk-In Closet. Second Bath Completely remodeled w/Tiled Shower, Granite Top, Decorative Mirror & Lighting. Dual Pane Windows & Ceiling Fans. Garage is Climate Controlled: Storage Cabinets, Mop Sink, Electric Openers, Attic Stairs. Inside Laundry, Washer & Dryer Included. Both front and backyard fully landscaped with automatic watering system. Covered Patio, Grassy Area, Citrus Trees, Rose Bushes and an Above Ground Spa w/Cover on concrete pad w/Pergola for a serene relaxing backyard. Two storage sheds, concrete sidewalk, and more.

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22111 N Tournament Drive Sun City West, AZ 85375

Open House

$525,000

2 Beds

2.5 Baths

1,881 SqFt

Status Active

MLS # 6784331

Property Type Single Family Residence

Price Type --

Nestled on the 9th fairway of the Deer Valley Golf Course, this beautifully maintained Ventana floor plan offers stunning triple fairway views! Designed by Greg Nash & Billy Casper, the golf course provides a serene backdrop visible from your spacious back patio, kitchen window breakfast nook, living room and formal dining area. Built in 1994, this 1,881 sq. ft. home features two primary suites, two versatile office/craft spaces, and a convenient half bath. Lovingly cared for by the original owners, it boasts newer appliances, including a gas stovetop, and a generously sized pantry. The roof underlayment was replaced in 2021, ensuring peace of mind. Don't miss this rare gem with breathtaking views and timeless charm!

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10624 E Forge Avenue Mesa, AZ 85208

Open House

$525,000

4 Beds

2.5 Baths

2,038 SqFt

Status Active

MLS # 6786659

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer.Welcome to this beautifully maintained property with fresh interior paint on the best lot in the area! The primary bathroom boasts double sinks for added convenience. Enjoy outdoor living with a covered patio overlooking the fenced-in backyard. The private in-ground pool is perfect for summer relaxation, and a storage shed provides extra space for your belongings. The recent partial flooring replacement adds a touch of modernity. This home offers the perfect blend of comfort and style. RV gate and concrete pad. Conveniently located with easy access to the US 60 and Loop 202, and just minutes from Mesa Gateway airport and see this gem for yourself.

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19145 W Reade Avenue Litchfield Park, AZ 85340

$524,999

4 Beds

2 Baths

1,859 SqFt

Status Active Under Contract

MLS # 6759340

Property Type Single Family Residence

Price Type --

Imagine stepping into a home crafted for comfort and entertainment, and outside is a perfect landscape with a sparkling pool. Also OWNED SOLAR! The heart of the home is a spacious great room, seamlessly transitioning into an entertainer's dream kitchen, complete with a grand granite island and an extended bar with built-in banquet seating. Stainless steel gas appliances and a generous pantry make it perfect for hosting gatherings. French doors open to reveal a sparkling pool, embraced by a covered patio with pavers, a cozy gas firepit, and maintenance-free artificial grass. The master suite is a sanctuary of its own, boasting plank tile flooring, an oversized ensuite with a luxurious soaker tub, a large shower, and a vast walk-in closet. Growing part of the West Valley, tour it today!

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2821 E Citrus Way Chandler, AZ 85286

$524,999

3 Beds

2 Baths

1,512 SqFt

Status Active Under Contract

MLS # 6787759

Property Type Single Family Residence

Price Type --

Awesome home in a gated community with standout features! Step into a welcoming foyer that leads to two bedrooms, a guest bathroom, and a laundry roomâ€''perfectly laid out for convenience. Love coffee? There's a cozy nook for a coffee bar, making mornings easier and more enjoyable. The great room is spacious enough for a large sectional, flowing seamlessly into the kitchen with a walk-in pantry, extended counter space, and additional cabinets. The dining area opens to a covered patio, ideal for entertaining or enjoying the refreshing Arizona breeze. The primary bedroom offers private access to the patio, while the bathroom boasts a dual sink vanity, tall glass-enclosed shower, and a walk-in closet that's both functional and stylish. Located close to top-notch dining, shopping, this home is all about comfort, convenience, and a touch of luxury!

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