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

1445 W Saddle Run Apache Junction, AZ 85120

$522,990

4 Beds

2 Baths

2,137 SqFt

Status Active

MLS # 6750783

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 2% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. The Barletta floor plan offers a refined single-story design with four bedrooms and a generous flex space, ideal for an office, TV room, or study. It comes with beautifully landscaped front yard and will be ready for move-in by October or November 2024. Enjoy proximity to community parks, grocery stores, and a variety of restaurants.

View Property

5100 E Rancho Paloma Drive Unit 2024 Cave Creek, AZ 85331

$522,900

2 Beds

2 Baths

1,420 SqFt

Status Active

MLS # 6654665

Property Type Apartment

Price Type --


Experience contemporary luxury in this 2-bed, 2-bath Rancho North condo, priced at $524,900. Built in 2020 by Homes by Towne, the 1,420 sqft residence offers a resort-like ambiance with a pool, spa, and fitness facility. The open floor plan includes stainless steel appliances, a gas stove, and a spacious island, with high-end furnishings available for purchase. Meticulously maintained, this pet-free, smoke-free property features mountain views, a balcony, and is conveniently located near downtown Cave Creek and Carefree. With a one-car garage, enjoy a carefree lifestyle.Discover the charm of this Beautiful Condo in Rancho North. Your perfect home awaits!

View Property

4504 S Mole -- Mesa, AZ 85212

$522,588

3 Beds

2 Baths

1,789 SqFt

Status Active

MLS # 6750794

Property Type Single Family Residence

Price Type --

BEAUTIFUL BRAND NEW SINGLE LEVEL HOME! This Celadon plan features a stunning gourmet kitchen with Birch Quill 42'' Upper Kitchen Cabinets w Whole House Black Bronze Pulls. Quartz Linen Counter Tops at Kitchen w DT Scrapbook Album White Backsplash. 12x24 Tile Flooring throughout except in bedrooms. This home is a High Performance Smart Home featuring a standard whole house air purifying system, tankless water heater and an Apple Pod Smart Home Kit for Smart Home Features.

View Property

26331 S 231st Way Queen Creek, AZ 85142

$522,386

3 Beds

2 Baths

2,105 SqFt

Status Active

MLS # 6792943

Property Type Single Family Residence

Price Type --

Brand new home in Queen Creek. Move-in ready. Desert Modern exterior style. 3 bedroom, 2 bathroom, plus a bonus flex room and 3 car tandem garage. Gourmet appliances include stainless gas cooktop, stainless chimney hood, oven, microwave, and dishwasher. Upgraded 42'' white cabinets are complemented by white quartz designer countertops and a stunning tiled backsplash. Stone-look tile throughout the home and plush carpet in the bedrooms. Home warranty included! Enjoy an amenity-rich lifestyle with community fitness center, sparkling pool and jacuzzi, pickleball courts, basketball, shaded play structures, play lawns, 2 dog parks, and more. Please ask about our special financing incentives!

View Property

2320 N Chaparral Loop Miami, AZ 85539

$522,000

4 Beds

3 Baths

2,436 SqFt

Status Active

MLS # 6737313

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Nestled in a serene, picturesque location, this luxurious 4-bedroom, 3-bathroom modern ranch offers unparalleled comfort and elegance. The large living room is perfect for entertaining, and the chef's kitchen is equipped with state-of-the-art appliances, custom cabinetry, and a large island perfect for preparing meals. Each bathroom boasts high-end finishes, including quartz countertops and designer fixtures. There are 2 owner suites perfect for the in-laws or a grown and flown and flew back. This home is a must see!!

View Property

3418 W 37th Place Yuma, AZ 85365

$522,000

3 Beds

2.5 Baths

2,119 SqFt

Status Active

MLS # 6775554

Property Type Single Family Residence

Price Type --

Desert Oasis Home for Sale - 3418 W 37th Place, Yuma, AZ 85365 Welcome to your desert retreat at 3418 W 37th Place in Yuma, AZ! This beautifully maintained 3-bedroom, 2.5-bath home offers 2,119 square feet of living space with an open floor plan, perfect for seamless entertaining and comfortable living. Enjoy gatherings in the spacious living and dining areas, or relax by the gorgeous built-in pool in the expansive backyard, which is ready for your personal design touches—whether it's lush landscaping, an outdoor kitchen, or a cozy firepit. The property also provides RV access, offering ample space for your recreational vehicle or additional storage. Inside, the master suite includes a custom walk-in closet designed to suit any woman's dream wardrobe. Lovingly cared for and maintained, this home is now awaiting its forever family. Located in a peaceful neighborhood with easy access to local amenities, this desert oasis is the perfect blend of style, comfort, and convenience. Schedule your tour today and imagine the possibilities!

View Property

121 E Monte Way Phoenix, AZ 85042

$521,900

4 Beds

3 Baths

2,029 SqFt

Status Active

MLS # 6759647

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the beautiful area of South Phoenix! This completely remodeled property offers a perfect blend of modern comfort and spacious living. Situated on a large lot with convenient access for vehicles, including ample space for big toys. The main residence features 3 spacious bedrooms and 2 baths. The open-concept living space is designed for both entertaining and everyday living, showcasing contemporary finishes and ample natural light. But that's not all! This property also boasts a charming casita in the back, complete with 1 bed and 1 bath, making it a perfect rental opportunity or a welcoming space for guests. This additional living area has been completely remodeled to match the stylish aesthetic of the main house. No CLUE Report

View Property

39532 N Kaden Lane San Tan Valley, AZ 85140

$521,888

2 Beds

2.5 Baths

1,811 SqFt

Status Active

MLS # 6788215

Property Type Single Family Residence

Price Type --

MLS# xxxx January Completion! Located in the Ovation at Meridian community, the Sedona is a beautifully designed single-story home from the Inspiration Series, offering 1,811 sq. ft. with 2 bedrooms, 2.5 bathrooms, and a 2-car garage. The foyer welcomes you with a flex room on one side and a secondary suite on the other, perfect for guests or multi-generational living. The open-concept gathering room and kitchen create an inviting space for entertaining or enjoying dinner while staying connected to the action. The owner's suite offers a private retreat with an ensuite bathroom featuring double sinks and a spacious walk-in closet. Structural options include: garage service door, interior door at laundry room, front yard landscaping, artificial turf in backyard, paver on driveway and walkw

View Property

2690 E Abe Truckle Avenue San Tan Valley, AZ 85140

$521,810

3 Beds

2.5 Baths

2,171 SqFt

Status Active

MLS # 6733419

Property Type Single Family Residence

Price Type --

**This is a to be built listing, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation** Welcome to Ashton Woods newest community in San Tan Valley - Tobiano at Wales Ranch - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Ruby plan features the high sought after 2-CAR RV GARAGE along with 3 bedrooms and 2.5 baths and there is still time to design and personalize your features and finishes! This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances . Amazing spa like primary suite with dual vanities and ample linen storage. This floorplan is accompanied by an oversized den and sizable secondary bedrooms. This home comes standard with 9' ceilings, front yard landscaping, dual sinks at primary bath, and much more!

View Property

1650 E Ponderosa Parkway Unit 226 Flagstaff, AZ 86001

$521,095

2 Beds

2 Baths

1,220 SqFt

Status Active

MLS # 6634224

Property Type Apartment

Price Type --

POPULAR 2-bedroom on 2nd floor. Ponderosa Parkway is located close to downtown and NAU. The Urban Trail system will take you all over Flagstaff on foot or bike in minutes! FIRST RESPONDERS & MILITARY receive additional incentives! Call for your private tour today! Visit our Sales office/Model Home in Bldg. 3, Unit 111

View Property

1828 E Desert Lane Phoenix, AZ 85042

$521,000

3 Beds

2 Baths

2,252 SqFt

Status Active Under Contract

MLS # 6779079

Property Type Single Family Residence

Price Type --

Discover your dream home with this beautifully designed property featuring a spacious open floor plan that seamlessly connects living, dining, and kitchen areas 3 car garage!! NEW ROOF newer A/C units. Enjoy a bright and airy atmosphere with plenty of natural light. Elegant wood floors throughout, providing warmth and style. Kitchen is equipped with granite countertops and stainless steel appliances, perfect for culinary enthusiasts. Enjoy the convenience of HOA-managed front yard maintenance, allowing you to spend more time enjoying your home and less time on upkeep. Den could easily be converted to a fourth bedroom. Enjoy proximity to South Mtn. Park for hiking, biking and views. Minutes to Sky Harbor, and ASU!

View Property

5605 W Mcneil Street Laveen, AZ 85339

$520,990

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6792980

Property Type Single Family Residence

Price Type --

Welcome to the 2150 SQ Ft Sage floorplan designed for comfort and style. This beautifully appointed residence features 4 spacious bedrooms plus a versatile den, 3 bathrooms, and a convenient 3 car tandem garage. The exterior showcases a contemporary Modern Desert Elevation, setting the tone for modern elegance throughout the home. Step inside to discover a bright and open layout with soaring 9 ft ceilings that create an airy, expansive feel. The home boasts exquisite 6'' by 24'' wood-like tile flooring throughout the main living areas, with plush carpeting in the bedrooms and den for added comfort. The kitchen is a chef's dream, featuring gorgeous 42-inch white upper cabinets are contrasted beautifully by grey quartz countertops and a glossy arctic white herringbone tile. The kitchen is complimented by satin nickel cabinet pulls and kitchen faucet. This space is both functional and fashionable. Stainless-steel appliances including dishwasher, microwave, gas stove, and refrigerator ensure move-in readiness. The kitchen seamlessly transitions into the open-concept living room, where a stunning 4-panel sliding glass door fills the space with natural light and leads out to the covered patioperfect for entertaining or relaxing outdoors. The primary suite is thoughtfully situated away from the secondary bedrooms for added privacy. It features a generous walk-in closet and a luxurious en-suite bathroom with white quartz counter tops with dual round sinks and upgraded brushed nickel finishes that enhance its sophisticated ambiance. Additional highlights include a garage door opener, and washer and dryer ensuring both practicality and style.

View Property