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

971 N Florence Drive Chandler, AZ 85226

$531,000

4 Beds

2.5 Baths

2,112 SqFt

Status Active Under Contract

MLS # 6774423

Property Type Single Family Residence

Price Type --

Welcome to a beautifully upgraded 4-bedroom, 2.5-bathroom home in Chandler's highly desirable D'Arcy Ranch community. This 2,112 sq. ft. home is loaded with modern features and thoughtful updates. The interior showcases elegant Thomasville cabinets throughout, granite countertops and a kitchen island, perfect for hosting family meals or entertaining. Enjoy the comfort of two separate living areas, each boasting the cozy two-way fireplace. The master and downstairs bathrooms were remodeled in 2021, adding to the home's luxurious feel. Upstairs, the primary suite offers a walk-in closet and a spa-like bathroom with double sinks, a soaking tub and a separate shower. Energy efficiency is a priority here, with the water heater replaced in 2019 and high-performance AC units (16 SEER downstairs and 18 SEER upstairs) updated the same year. The home also features a Tesla EV charger, a Wi-Fi smart watering system, and a Wi-Fi smart thermostat, ensuring comfort and convenience. For added security, there are three hardwired RING motion light cameras and a RING doorbell. All toilets have been updated as well. This home features a premium 7.41 kW solar system with 26 high-efficiency Qcell 285W panels, paired with a SolarEdge inverter. Installed in 2019, the system is designed to produce over 12,278 kWh annually, significantly reducing energy bills. Backed by a 25-year warranty and real-time 24/7 monitoring, this solar setup ensures reliability and performance for years to come. Save on energy costs and enjoy clean, renewable power right from your roof! Enjoy mountain views from the western bedrooms and step outside to a low-maintenance yard with a covered patio, perfect for relaxation. Located just minutes from the 101 Freeway, this home offers a great walk/bike score for shopping and dining, making it a prime location in Chandler's vibrant community.

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18916 W Rose Lane Waddell, AZ 85355

$530,990

5 Beds

3.5 Baths

3,159 SqFt

Status Active

MLS # 6773102

Property Type Single Family Residence

Price Type --

COME BUILD YOUR DREAM HOME WITH THIS AMAZING HOME. This wonderful 3159 sq. ft. home gives you so many options to make it perfect for you and your family! Downstairs owner's suite plus an optional guest suite with full bath! Beautiful kitchen with a large serving island that opens to the great room, oversized loft upstairs for that true second living area along with 4 bedrooms and 2 full baths. Optional features for this beautiful new home include a walk-in shower in the Owner's Bath, Guest Suite with full bath, 6th bedroom option and full list of designer touches that you can add into your home that fit your style and budget.

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5010 W Walatowa Street Laveen, AZ 85339

Open House

$530,644

4 Beds

3 Baths

2,287 SqFt

Status Active

MLS # 6786897

Property Type Single Family Residence

Price Type --

COMPLETED NEW HOME! SELLER IS OFFERING BELOW MARKET FINANCING! HOME QUALIFIES FOR FHA AND VA MINIMUM DOWN PAYMEMNTS. 2,287 sq ft new build features 4 bedrooms, with a a downstairs guest suite, and an upstairs loft. with 2 full baths and a powder room. Enjoy wood plank flooring throughout the main level, except for the cozy guest suite and bedrooms. The kitchen is a chef's delight with a quartz island, upgraded cabinets, and gourmet stainless-steel appliances, all opening to a spacious great room and dining area. Entertain effortlessly with an 8' slider leading to a large backyard on an oversized lot. Nestled near Carver & South Mountain, enjoy hiking, biking, trails, & soak in breathtaking views.

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4883 W Hunter Trail San Tan Valley, AZ 85144

$530,590

4 Beds

3 Baths

2,342 SqFt

Status Active

MLS # 6795065

Property Type Single Family Residence

Price Type --

Brand new energy efficient home where the perfect blend of functionality and elegance comes to life. This stunning home boasts 4 bedrooms and 3 baths, plus a bonus space for office, play area or workout room. A standout feature of the Lark is a private bath in one of the bedrooms that could be used for an in-law space. The heart of the home is the kitchen, where the island takes center stage, as a practical social hub where family and friends can gather. The kitchen, white shaker style cabinets, quartz counters and a generous amount of tile, overlooking the great room, creating an inviting atmosphere. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

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17749 W Elm Street Goodyear, AZ 85395

New

$530,322

4 Beds

3 Baths

2,384 SqFt

Status Active

MLS # 6796573

Property Type Single Family Residence

Price Type --

GATED COMMUNITY! The Lark is a unique single-story home featuring 4 bedrooms, 3 baths AND a flex space! AND Bedroom 4 has its own bath and walk-in closet!! This 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, paver driveway, 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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4714 E Charleston Avenue Phoenix, AZ 85032

$530,018

3 Beds

2 Baths

1,300 SqFt

Status Active

MLS # 6791148

Property Type Single Family Residence

Price Type --

Beautifully updated single family home in Montaire subdivision. Open floor plan with newer kitchen cabinetry with stainless steel appliances and granite counter tops. New wood look deluxe laminate flooring in all of the bedrooms. Large tile flooring in the great room and kitchen. Master bathroom has been updated with newer cabinetry, granite counter tops and separate shower/bath tub. New HVAC in Dec. 2022. New RO system in 2023. Large capacity front load washer and dryer new in 2022. Close to Desert Ridge which has great shopping, dining and much more! Also close to the new PV city center. Easy access to the 51 and 101 freeways

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48008 N 520th Avenue Aguila, AZ 85320

$530,000

3 Beds

2 Baths

1,584 SqFt

Status Active

MLS # 6777106

Property Type Single Family Residence

Price Type --

LOOK AT THESE VIEWS !!! Beautiful custom built home on 7.4 acres in private airpark with 40 X 50 Hagar. This home was built with a lot of love and has STUNNING views of Eagle Eye Mountain. Huge covered patios surround this home providing year round shade, great for evening BBQ's and just relaxing and enjoying our AMAZING Arizona sunsets. 3 Bd, 2 bath home with large laundry/mud room with separate entrance from backyard. Loads of interior storage space and custom knotty Alder cabinets. Separate office space inside airplane hangar along with a hangar swamp cooler and remote operated Bi-fold door. This property boarders the airparks West side boundaries for easy access to drive your side-by-side or ride your horse on miles and miles of open desert trails. Airpark allows 2 horses per property membership. Water is provided through Aguila private water company and the home has a private propane tank. This INCREDIBLE property offers so much! With 7.4 acres, A well-built home, and a terrific 3500 x 75 ft dirt runway! HOA and airpark additional information is available on (Sampley Airpark) website as well as the documents tab.

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22444 S 209th Way Queen Creek, AZ 85142

$530,000

4 Beds

3.5 Baths

2,517 SqFt

Status Active

MLS # 6778811

Property Type Single Family Residence

Price Type --

Location, Location, Location! This well maintained home sits on one of the largest lots in the neighborhood with full-view fencing overlooking the greenbelt and Founders Park. Inside, the home offers 2 family rooms (one downstairs off the kitchen and one upstairs), 3 full bathrooms, and 1 half bath. The kitchen features 39-inch upper maple cupboards and pull-out drawers in all lower cabinets. Both family rooms and the patio are equipped with surround sound, and the home includes a wired alarm system and central vacuum throughout. Recent upgrades include a new upstairs HVAC and microwave (2022) dishwasher (2023). N/S-facing uncovered windows provide natural light throughout. The layout of this home has an upstairs family room perfect for kids to entertain, host sleepovers, or serve as a game room, complete with a convenient Game Closet. An adjacent bedroom and full bathroom make it ideal for a guest/next gen suite. Two additional bedrooms with their own full bath are located on the opposite end of the house, providing privacy for family members. A separate front room offers endless possibilities as a library, office, or sitting room. Outdoor features include a double-covered patio with an extension and wood-burning fire pit, an upper deck off the owners suite with park views, an extended driveway for 4 additional cars, and a spacious garage with floor-to-ceiling built-in storage, overhead storage, and space for an extra fridge. The backyard's view fencing allows you to enjoy baseball games, festivals, and events like Founders Day and the Christmas Parade at the park. Conveniently located within walking distance to restaurants, shopping, coffee shops, and a dog park, this home combines comfort, functionality, and accessibility, making it hard to leave behind!

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11614 E Yeager Canyon Gold Canyon, AZ 85118

$530,000

4 Beds

2 Baths

1,923 SqFt

Status Active

MLS # 6751179

Property Type Single Family Residence

Price Type --

Beautiful Palo Verde model on a premium view lot that backs to the greenbelt and boasts amazing views of Superstition Mountain. This desirable split floor plan features many upgrades including large plank tile flooring, a primary suite with a tiled walk in rain shower, walk in closet, dual vanity and separate toilet room. The gorgeous chefs kitchen is sure to please with custom accents, a huge island that is perfect for entertaining, all stainless appliances incl. the refrigerator, gas range, walk in pantry, pendant lights, full height kitchen cabinets and quartz countertops. The backyard offers privacy, a large covered paver patio and a custom Zen garden all facing the mountain.

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4350 Stage Stop Way Wickenburg, AZ 85390

$530,000

2 Beds

2 Baths

1,587 SqFt

Status Active

MLS # 6764573

Property Type Single Family Residence

Price Type --

Welcome to this beautifully upgraded 2 bed, 2 bath home nestled in the desirable Broco neighborhood. This home boasts a stunning 15-foot wall of sliding glass doors, allowing natural light to pour into the open living space adorned with custom cabinetry & feature walls. The chef's kitchen is a dream with a built-in cooktop, premium appliances, a generous-sized island perfect for entertaining, soft-close cabinets, drawers, & a walk-in pantry. Situated on an oversized homesite, enjoy the spacious outdoor oasis with room to expand. The generous covered patio offers a perfect setting to take in both the morning sunrise & evening sunset. Electric shades in the living room, shutters in guest & primary bedrooms, & a walk-in closet in the primary suite complete this little slice of heaven! Elegant 2-Bedroom Home with Expansive Upgrades in Broco Neighborhood Welcome to this beautifully upgraded 2 bed, 2 bath home in the highly sought-after Broco neighborhood. The centerpiece of the open living space is a breathtaking 15-foot wall of sliding glass doors, flooding the home with natural light and showcasing custom cabinetry and feature walls. The chef's kitchen is a standout, featuring a built-in cooktop, premium appliances, a generously sized island ideal for entertaining, soft-close cabinets and drawers, and a walk-in pantry for optimal storage. Nestled on an oversized homesite, the outdoor space offers endless potential, with a spacious covered patio perfectly positioned to enjoy both morning sunrises and evening sunsets. Electric shades in the living room, shutters in the bedrooms, and a walk-in closet in the primary suite enhance comfort and style. This home is a true oasis of luxury and modern design!

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1869 E Geneva Drive Tempe, AZ 85282

$530,000

3 Beds

2 Baths

1,260 SqFt

Status Active

MLS # 6765762

Property Type Single Family Residence

Price Type --

Fully remodeled home in Tempe! This north/south-facing, single-story, block-constructed 3-bed, 2-bath house features a diving pool. Upgrades include new wood-look tile flooring, baseboards, trim, and doors throughout. The kitchen and bathrooms have all-new cabinets, granite countertops, and brushed nickel hardware. Stainless steel appliances, LED recessed lighting, and E-low dual pane windows add a modern touch. The A/C unit and roof are newer, and the laundry room has been expanded and remodeled. Enjoy the finished covered patio, synthetic grass with a drip system, and sparkling pool. Conveniently located near ASU and the 101/US60 freeway. Don't miss this one!

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10338 E Boise Street Apache Junction, AZ 85120

$530,000

5 Beds

3 Baths

1,728 SqFt

Status Active

MLS # 6765503

Property Type Single Family Residence

Price Type --

NO HOA!! Fully renovated 5bd/3bath contemporary home with new white shaker kitchen and bathroom cabinets, granite countertops, new engineered wood floor, new carpet flooring, new light fixtures, new stainless steel appliances. Plumbing and electrical is also new, new water heater, newer AC, and new landscaping design front and back. 2 RV GATES! Come check it out!!

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