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

19954 W Moonlight Path Buckeye, AZ 85326

$534,900

5 Beds

3.5 Baths

3,412 SqFt

Status Active

MLS # 6774982

Property Type Single Family Residence

Price Type --

Discover the charm of this immaculate Blue Horizon home, ready for you to move in and make it your own! Boasting 5 spacious bedrooms, 3.5 baths, and 2 versatile bonus rooms, this residence offers ample room for relaxation and entertainment. Each bedroom comes complete with a walk-in closet, and the convenient upstairs Jack and Jill bathroom enhances functionality. With over 3,400 sq. ft. of pristine living space, this home feels fresh and inviting. Enjoy a generous backyard that has plenty of room for a pool and outdoor gatherings. Don't miss the opportunity to experience all that this beautiful property has to offer!

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10530 E Baltimore Street Apache Junction, AZ 85120

$534,900

4 Beds

2.5 Baths

1,857 SqFt

Status Active

MLS # 6778991

Property Type Single Family Residence

Price Type --

Move in Ready New Build! NO HOA! 2 RV Gates! Single Story 4 Bed 2.5 Bath on an Oversized .25 Acre Corner Lot! Brand New Dream Home with Everything you can ask for! Open floor plan with glazing in all the right areas to allow natural light throughout along with modern kitchen cabinets, walk-in pantry, steel appliances, fixtures and finishings throughout this high ceiling spaciously designed beautiful home. The Backyard is open to your Imagination with no HOA and an RV Gate on Both Sides of the Property you can store all of your toys, boats, RV's and a large enough lot to have room to spare. Ideally located close to freeways, shopping, dining, and within proximity to Usury Mountain, Saguaro Lake, Salt River, trails and other desired areas. Won't last long at this price before it's gone

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10536 E Baltimore Street Apache Junction, AZ 85120

$534,900

4 Beds

2.5 Baths

1,857 SqFt

Status Active

MLS # 6787848

Property Type Single Family Residence

Price Type --

Move in Ready New Build! NO HOA! 2 RV Gates! Single Story 4 Bed 2.5 Bath on an Oversized .25 Acre Corner Lot! Brand New Dream Home with Everything you can ask for! Open floor plan with glazing in all the right areas to allow natural light throughout along with modern kitchen cabinets, walk-in pantry, steel appliances, fixtures and finishings throughout this high ceiling spaciously designed beautiful home. The Backyard is open to your Imagination with no HOA and an RV Gate on Both Sides of the Property you can store all of your toys, boats, RV's and a large enough lot to have room to spare. Ideally located close to freeways, shopping, dining, and within proximity to Usury Mountain, Saguaro Lake, Salt River, trails and other desired areas. Won't last long at this price before it's gone

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1703 S Wallrade Lane Gilbert, AZ 85295

$534,900

4 Beds

2.5 Baths

2,147 SqFt

Status Active Under Contract

MLS # 6775264

Property Type Single Family Residence

Price Type --

Ok, these descriptions are rarely looked at, I get it, they go on forever. The bottom line is this house is incredible, ALL NEW CARPET & INTERIOR PAINT THROUGHOUT, Spacious Great Room, Large Open kitchen, Huge Kitchen Island/Bar with granite and stainless appliance Package, including the refrigerator, Beautiful, low maintenance backyard with covered patio and turf, The Primary Suite has everything you're looking for, plenty of room for a sitting area and all your furniture, primary bath boasts a double vanity, a walk-in closet, I swear could be used as a 5th bedroom, All of this is a great location and newer home, Living near San Tan Mall, Epicenter and easy access to the 202 is perfect for working from home or the office, this is a winner guys.

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9239 E Spiral Avenue Mesa, AZ 85212

$534,667

3 Beds

2.5 Baths

1,810 SqFt

Status Active

MLS # 6755709

Property Type Single Family Residence

Price Type --

BRAND NEW MOVE IN READY HOME! This DAVIDSON plan includes a DELUXE gourmet kitchen, white cabinets, black pulls, granite counter tops, subway tile backsplash, upgraded tile and carpet flooring, and Apple Pod Smart Home Kit.

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41115 N Eagle Trail Anthem, AZ 85086

$534,000

3 Beds

2 Baths

1,622 SqFt

Status Active

MLS # 6783658

Property Type Single Family Residence

Price Type --

*NEW AC AND NEW ROOF* Huge perk and hard to come by in Anthem! This spoiled home has the BEST location in ALL Anthem Parkside! It's located just around the corner from a pocket park and is settled in a cul-de-sac with a lush desert trailhead leading straight to the community center and K-8 school! SCORE! Location perks aside, this home has been completely and beautifully renovated and has been well-cared-for! We've got: New LVP flooring, bedroom carpet, and tall baseboards (no dingy tile anywhere!). Fresh paint throughout including all the solid wood cabinets topped with new modern granite countertops. All the appliances you see in the kitchen are brand-spanking-new, and you'll spot a darling dining chandelier accompanied by new modern black ceiling fans in all the important places. This home has an XL Primary Suite with backyard patio access and an en-suite bathroom, and plenty of space for the rest of the family to grow or visit with 2 extra bedrooms and bathroom! A big backyard that runs deep with mature landscaping and an expanding covered patio. And of course, the coveted 3-car epoxied garage with a wall lined with built-in storage! DON'T FORGET: the 2 fridges, above-ground spa, washer, and dryer are ALL INCLUDED! With too many perks to count, this listing will go fast! Come check it out before it's gone!

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1914 S 235th Drive Buckeye, AZ 85326

$534,000

4 Beds

3 Baths

2,327 SqFt

Status Active

MLS # 6780882

Property Type Single Family Residence

Price Type --

ASK ABOUT A GRANT Program available for this home for UP TO $10,000!!! Welcome to this beautifully designed two-story home, where style, space, and functionality come together in perfect harmony. This residence boasts an expansive great room, formal dining with vaulted ceiling, crown molding and rich wood-look tile flooring. This home also features a new water heater, fresh neutral paint, and recently updated carpet. Enjoy the chef-inspired kitchen that showcases a large granite island, stainless steel appliances and stacked stone tile backsplash. This thoughtfully designed floor plan offers 4 spacious bedrooms and 3 bathrooms, including a convenient main-floor bedroom, ensuring plenty of room for family living and hosting guests. Step outside to the covered patio and enjoy the sparkling with stunning travertine deck, adding elegance to your outdoor entertaining space. The 3-car tandem garage provides plenty of room for vehicles and storage. Living in this community offers easy access to scenic walking trails, multiple playgrounds, ramadas, and stunning views of the White Tank Mountains. You'll find tranquility and natural beauty all around.

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5659 N Roadrunner Drive Prescott Valley, AZ 86314

$534,000

3 Beds

2 Baths

1,808 SqFt

Status Active

MLS # 6783848

Property Type Single Family Residence

Price Type --

BEAUTIFUL, NEW CONSTRUCTION HOME! 3BR/2BA design totaling approximately 1,808 SF. Open/split floor plan concept with central Great Room that flows into a kitchen with stainless steel appliances, granite countertops and Shaker-style cabinets with soft-close hardware. House contains 9' ceilings and luxury vinyl plank flooring throughout, master bathroom includes a fully tiled, walk-in shower and rear patio has a gas hookup for BBQ. The garage is an oversized two-car (25' deep), and a RV pad is located alongside with full RV hookups. Exterior is clad with LP Smartside siding. Move-in ready home! No HOA, close to schools, parks, shopping, restaurants and medical facilities.

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5984 W Geronimo Court Chandler, AZ 85226

$534,000

3 Beds

2 Baths

1,627 SqFt

Status Active

MLS # 6766312

Property Type Single Family Residence

Price Type --

Stunning Home in Chandler's Cul-de-Sac! Discover this beautifully updated 3-beds, 2-baths gem in a charming neighborhood. The spacious floor plan boasts a front living/dining area and a cozy family room complete with a fireplace and vaulted ceilings. The kitchen is featuring white shaker-style cabinetry, sleek quartz countertops, a designer tile backsplash, and stainless steel appliances, including a range with double ovens. Step outside to enjoy the covered patio with a ceiling fan, perfect for relaxing evenings to enhances outdoor living. The primary bedroom offers a walk-in closet and a fully renovated en-suite bathroom, complete with a dual sink vanity, a luxurious shower, and a private water closet. Additional highlights include a 2-car garage.

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19009 W Maryland Avenue Waddell, AZ 85355

$533,990

3 Beds

2.5 Baths

2,000 SqFt

Status Active

MLS # 6776943

Property Type Single Family Residence

Price Type --

This beautiful floorplan has a 3 tandem garage, 3 bedrooms and two and a half bathrooms. 9' ceilings, wood plank style tile floorings throughout the home, 8' interior doors, gourmet kitchen package, kitchen tile backsplash and huge island makes this home the perfect spot to entertain! This home is built zero energy ready with spray foam insulation, 2 x 6 construction and 85% offset solar system included giving you a HERS rating in the single digits! This home is ready now! Seller is giving the buyer 6% concessions with a full price offer.

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3823 S 97th Avenue Tolleson, AZ 85353

$533,990

5 Beds

4.5 Baths

3,131 SqFt

Status Active Under Contract

MLS # 6781160

Property Type Single Family Residence

Price Type --

Beautiful Brand New Home that is MOVE IN READY. Features countless upgrades such as 9' ceilings, Shaw 17x17 Tile, Granite countertops in the kitchen. Whirlpool Stainless steel appliances. White shaker cabinets with Stainless Steel Pulls. Energy-efficient features throughout, dual zoned - WIFI programmable thermostats. Spacious dual walk-in closet in the primary suite. Front yard landscaping, covered patio in the backyard. Spectacular Mountain Views! The community features a greenbelt, a premium neighborhood park with playground. Conveniently located near the new 202 freeway, schools, shopping and dining, and Estrella Mountain Regional Park.

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17642 W Pierson Street Goodyear, AZ 85395

New

$533,914

4 Beds

2.5 Baths

2,157 SqFt

Status Active

MLS # 6796517

Property Type Single Family Residence

Price Type --

GATED COMMUNITY! Get ready to make the Kellen home with its 4-bedroom, 2.5-bathroom layout featuring a 3-car garage and covered back patio. Enjoy an open concept kitchen and great room with plenty of space to entertain friends. This BRAND-NEW home offers Linen cabinets, Carrara Pisa quartz kitchen counters, hexagon mosaic backsplash, natural wood look tile floor, carpet in bedrooms! ALREADY INCLUDED - washer, dryer, window blinds (except slider), refrigerator, soft water loop and MORE!! Enjoy EXCLUSIVE amenities right at your doorstep including parks, pickleball, soccer, play area, walking trails, basketball court, ramada with outdoor kitchen, gas grill and fireplace, and more!!! Each home is built with innovative, energy-efficient features designed to help you ENJOY more SAVINGS!

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