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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4814 N 76th Place Scottsdale, AZ 85251

$530,000

2 Beds

2 Baths

1,153 SqFt

Status Active

MLS # 6789326

Property Type Single Family Residence

Price Type --

Owner/agent related. If you are looking for the closest thing to a new build in the highly sought-after 55+ community of Villa Monterey in Scottsdale, this is your home. This beautiful 2-bed, 2-bath, 1 carport townhome has 1153 sq feet of living space. Step inside to beautiful, engineered wood floors, new cabinets, new counter tops, new appliances, new tiled showers, & much more including new AC unit, new electrical panel and wiring, new windows, new water heater, new roof, newly sleeved underground plumbing lines and more! This unit has been completely remolded for years of easy maintenance. Enjoy community pool and spa and Enjoy community pool and spa and lovely community gatherings. Close to art galleries, spring training, car shows, Hayden Park and waterway and all the amenities of Scottsdale Living. Must see!

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3470 E Wildhorse Drive Gilbert, AZ 85297

$530,000

5 Beds

3 Baths

2,061 SqFt

Status Active Under Contract

MLS # 6794122

Property Type Single Family Residence

Price Type --

Located on a corner lot in Gilbert, this 5-bedroom 3-Bathroom home boasts both elegance and functionality. Enter through a custom oversized wrought iron front door and be greeted by soaring vaulted ceilings, one of a kind staircase, light and bright, open-concept living space. The kitchen is a true centerpiece, featuring beautiful granite countertops, large island, backsplash and premium appliances, ideal for both cooking and entertaining. The home is flooded with natural light, creating an inviting atmosphere throughout. The master bedroom is complete with a stunning, upgraded master shower perfect for unwinding. outside enjoy a spacious backyard with low maintenance turf, shade trees, and a large covered patio, ideal for outdoor gatherings. The RV gate provides added convenience.

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7009 E Acoma Drive Unit 1105 Scottsdale, AZ 85254

$530,000

2 Beds

2 Baths

972 SqFt

Status Active

MLS # 6791529

Property Type Apartment

Price Type --

Location, Location, Location...this Like New, Updated Condo is second to none! Located at the Plaza, it is move-in ready, and with-in walking distance to Kierland/Scottsdale Quarters. Other apartments close by (Optima Kierland) start at 2-Million, if you can even find one for sale. This is as good as it gets: Lower Level, 2 Bedroom Suites with Full Baths (no shared baths), Gated Community, and can be purchased totally furnished. It would be hard to find anything that hasn't been updated: Quartz Countertops, Stainless Steel Appliances, Updated Bathrooms...the list goes on! And lastly, there is a reason you rarely see properties for sale in the Plaza Residences, and that is because it is almost impossible to purchase properties for a half-million dollars in such a prime location! This particular unit happens to be about as private as there is in the Plaza Residences. No neighbors looking at you, private fencing as you exit your town home, and perfect for pets or taking a walk and no one even sees you.

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915 W Spur Avenue Gilbert, AZ 85233

$530,000

3 Beds

2 Baths

1,647 SqFt

Status Active

MLS # 6792723

Property Type Single Family Residence

Price Type --

Charming single-level home in the heart of Gilbert. This light and bright home features a low-maintenance backyard with a sparkling pebble-tech pool, waterfall, artificial turf, and misting system on patio. No two-story homes behind. Inside, enjoy a formal living/dining room, an open kitchen with granite counters, a walk-in pantry, and a cozy breakfast nook overlooking the backyard and covered patio. Recent upgrades include fresh interior paint, a new HVAC system, and a water softener, all within the year. Perfectly located between Downtown Gilbert and Downtown Chandler with easy freeway access. The ideal blend of comfort, convenience, and location!

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6565 E Thomas Road Unit 1049 Scottsdale, AZ 85251

$530,000

2 Beds

2 Baths

1,161 SqFt

Status Active Under Contract

MLS # 6762760

Property Type Townhouse

Price Type --

Beautiful, single level, 1st floor unit in the gated Scottsdale community of Diamante. The Front entrance offers a private courtyard & patio. upon entry the home provides open concept living with 10-foot ceilings and an abundance of natural light. The home was thoughtfully designed and built in 2017 but recent updates include, new paint, custom wood window treatments, new ceiling fans and new washer. The resort style pools & luxurious amenities at Diamante are phenomenal and the location is ideal. Just minutes to Old Town Scottsdale, Arcadia & Sky Harbor Airport. This luxury, low maintenance property makes a fantastic primary residence, or 2nd home/investment property.

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156 N Nielson Street Gilbert, AZ 85234

$530,000

4 Beds

2 Baths

1,802 SqFt

Status Active

MLS # 6794063

Property Type Single Family Residence

Price Type --

This beautifully designed 4-bedroom home in a great Gilbert location is a perfect blend of comfort & style. Featuring vaulted ceilings & tile floors throughout, the living/dining area welcomes you with its open & inviting atmosphere. The great room is a versatile space, ideal for family nights or social gatherings. The kitchen is a standout, boasting SS appliances, granite countertops, skylights that fill the space with natural light & a functional center island with a breakfast bar—perfect for casual meals or entertaining. The master bedroom offers a serene retreat with a charming bay window, spacious closet & an en-suite bathroom complete with a ceramic vessel sink & a luxurious jetted tub, ideal for unwinding after a long day. Step outside to the tranquil backyard, where a covered... patio creates a cozy space for outdoor entertaining or relaxation. Surrounded by serene landscaping & a Koi Pond, it's a delightful extension of the home's living space. Situated near Freestone Park, top-rated schools, freeways & within 2 miles of downtown Gilbert, this home offers not just a place to live but a lifestyle of convenience & elegance. Don't miss the chance to make this property yours!

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5344 W Mercer Lane Glendale, AZ 85304

$530,000

4 Beds

2 Baths

1,879 SqFt

Status Active

MLS # 6768321

Property Type Single Family Residence

Price Type --

This house offers approximately 1,879 square feet of living space and includes four bedrooms and two bathrooms. The layout features an open foor plan that allows for versatile living and entertaining. The primary bedroom offers ample space and a private en-suite bathroom. The additional three bedrooms are well-proportioned and provide fexibility for a variety of uses. The two-bathroom confguration includes a full bathroom that serves the primary bedroom as well as a second full bathroom accessible from the common areas. The home's interior fnishes and fxtures create a comfortable and inviting atmosphere. The property provides a desirable living option in the local area. With a 2 story back house and RV gate!

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1820 W Browning Way Chandler, AZ 85286

$530,000

4 Beds

2.5 Baths

2,039 SqFt

Status Active

MLS # 6788840

Property Type Single Family Residence

Price Type --

Spectacular 4-Bedroom home in the sought-after Silverton Ranch community being sold AS-IS; offering up to 2% in concessions! This stunning 4-bedroom, 2.5-bathroom home with two living spaces is perfectly situated in the desirable Silverton Ranch community. The amazing location offers easy access to the 202 freeway, Downtown Chandler's vibrant restaurant scene, Intel, the 101/202 interchange, and Chandler Regional Hospital. As you enter, you'll be captivated by the vaulted ceilings. You will continue to the kitchen that opens up to another living space and your backyard. The backyard is awaiting entertainment, featuring a sparkling pool that has just been acid washed and refilled, ready for the new owner to enjoy.

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21686 N 259th Drive Buckeye, AZ 85396

New

$530,000

3 Beds

2.5 Baths

2,453 SqFt

Status Active

MLS # 6794202

Property Type Single Family Residence

Price Type --

Beautifully maintained 3-bedroom, 2.5-bath home, nestled in a tranquil community. With 2,453 sqft of thoughtfully designed space, this home features a spacious great room and a cozy den. The open-concept kitchen showcases granite countertops, a central island, a breakfast bar, and a walk-in pantry, all complemented by rich maple cabinetry. The master suite offers a split layout, a dual-sink bath, and a walk-in closet. The home also features leased solar panels, low-E windows, and neutral-toned carpet and tile throughout, & a 3-car garage. Sliding doors from the dining area lead to a covered patio and a low-maintenance backyard that backs to the greenway, enclosed by privacy block fencing and accented by stylish gravel stone. A perfect blend of elegance and practicality!

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3310 E Longhorn Drive Phoenix, AZ 85050

$530,000

3 Beds

2.5 Baths

1,633 SqFt

Status Active

MLS # 6788427

Property Type Single Family Residence

Price Type --

Welcome to Your Dream Home in the Turtle Rock! This 3-bedroom, 2.5-bathroom home in North Phoenix offers 1,633 square feet of updated living space. The main living area features vaulted ceilings, a cozy fireplace, and abundant natural light, creating a warm and inviting atmosphere. The updated kitchen shines with new appliances, fresh paint, and new flooring throughout. Upstairs, the primary bedroom includes an en-suite bathroom, while two additional bedrooms provide space for family or guests. A roof-top TV antenna provides local TV access with connections in the living room, kitchen, primary bedroom, and NW guest room. Enjoy the private patio for relaxing or entertaining. Located near Desert Ridge Marketplace with easy access to the 51 and 101 freeways. This home is move-in ready!

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10606 S 52nd Lane Laveen, AZ 85339

$530,000

4 Beds

2.5 Baths

2,408 SqFt

Status Active

MLS # 6717262

Property Type Single Family Residence

Price Type --

DOWNSTAIRS MASTER! INCLUDED APPLIANCES! Welcome home to this stunning two-story gem, built in 2021! Featuring 4 bedrooms, 2.5 bathrooms, and a smart home system, this modern residence boasts open-concept living with extras you won't find in a new build. High-end appliances are INCLUDED: a fridge with touchscreen, washer/dryer, PLUS already installed ceiling fans, and upgraded hardware. This split floor plan offers plenty of space and storage, featuring an open and bright upstairs loft, walk-in closets in each bedroom, dual linen closets, and an under-stairs closet. Enjoy mountain views from numerous windows and the expansive yard, which includes a covered patio, large side yard, and complete privacy and peace!

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10902 E Silver Mine Road Gold Canyon, AZ 85118

$530,000

2 Beds

2 Baths

1,838 SqFt

Status Active

MLS # 6724593

Property Type Single Family Residence

Price Type --

!! ASUMMABLE 4.5% Mortgage!!! Come take a look at this Immaculate home with breathtaking views of the Superstition Mountains on a cul-de-sac. This 2 bedroom home with den, and bonus room, with 2 bathrooms features tile flooring, large kitchen with granite countertops, stainless steel appliances, and breakfast bar, updated bathrooms as well as extended garage with built in cabinets. Whether it's morning coffee or an evening glass of wine. Your very own backyard oasis will not disappoint with heated pool and spa, putting green, BBQ, and AMAZING mountain views. All this in the gated community of Peralta Trail where you are close to amazing golf, hiking trails, mountain biking trails, off roading trails and much more. Come take a look. You'll be glad you did!!

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