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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1226 E Windsong Drive Phoenix, AZ 85048

$530,000

3 Beds

2 Baths

1,520 SqFt

Status Active

MLS # 6776623

Property Type Single Family Residence

Price Type --

Sellers replaced the big ticket items...the roof, water heater, garage door, carpet, water softener, some exterior doors & all the windows. The pool, cool deck & equipment have also been updated. This 3 bed, 2 bath sits on a N/S facing CUL DE SAC lot in the highly desirable Ahwatukee Foothills. Inside you'll find a spacious great room, an eat in kitchen w/ SS appliances & breakfast bar, a cozy family room w/ wood fireplace, vaulted ceilings & shutters. The primary bedroom, w/ en suite, has a walk in closet & private exit to the backyard. The backyard pool, patio & turf lawn are ready to entertain. Easy access to local parks, golf courses & dozens of hiking/biking/walking trails. Close to entertainment, shopping, local eateries, freeways & a short walk to A+ Sierra Elementary & the YMCA.

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3532 W Warren Lane Anthem, AZ 85086

$530,000

4 Beds

2.5 Baths

2,140 SqFt

Status Active

MLS # 6775960

Property Type Single Family Residence

Price Type --

Beautiful private home in the sought after Del Webb community. New in 2022: A/C, first level luxury vinyl flooring, new carpet on second level, fresh paint throughout, fireplace in family room, granite counters, white cabinets. Oasis backyard has a pebble tech pool with beach entry, desert front & plus synthetic grass rear. Very private yard siding only single story homes and backing one of the largest lots in Anthem. Enjoy all the resort features of this major master planned subdivision. Easy I-17 access.

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1305 E Cathedral Rock Drive Phoenix, AZ 85048

$530,000

4 Beds

2.5 Baths

2,237 SqFt

Status Active Under Contract

MLS # 6685809

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly sought-after Ahwatukee Foothills! Nestled in a serene cul-de-sac, this 4-bedroom, 2.5-bathroom residence boasts 2,237 square feet of luxurious living space. As you step inside, you'll be greeted by a stunning layout, perfect for entertaining guests or simply enjoying family time. This home has a NEW ROOF with a 15 year transferrable warranty. Say goodbye to worries about roof maintenance for years to come, this not only provides peace of mind but it also adds value to your investment. The next item you won't want to miss is the updated Primary Bathroom: Indulge in luxury with the newly updated...click more to cont. primary bathroom. Featuring modern fixtures and elegant design, this spa-like retreat is your personal oasis for relaxation and rejuvenation. Out back you'll find the private Pool with Sunset Views: Escape the Arizona heat in your own private pool, where you can lounge with guests or family while admiring breathtaking sunset views over South Mountain. Desirable Location in Ahwatukee Foothills: Enjoy the convenience of living in one of Ahwatukee's most desirable neighborhoods, with top-rated schools like Desert Vista High School just moments away. Entertainer's Kitchen with Island: The heart of the home is the spacious kitchen, complete with an island and adjoining family room. Whether you're hosting a dinner party or a casual gathering, this space is perfect for creating unforgettable memories. But that's not all! This home has been meticulously updated throughout, including new carpet, interior paint, plumbing upgrades, updated lighting fixtures, and more. From the resurfaced upstairs patio to the refreshed den and bedroom closet doors, every detail has been carefully considered to ensure maximum comfort and style. Don't miss out on this incredible opportunity to own your slice of paradise in Ahwatukee.

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1530 E Maryland Avenue Unit 5 Phoenix, AZ 85014

$530,000

2 Beds

2.5 Baths

1,702 SqFt

Status Active Under Contract

MLS # 6765958

Property Type Townhouse

Price Type --

Come see the upgraded Phoenix home you've been waiting for! This fully remodeled property offers a thoughtfully designed floor plan with everything you need. The home features two spacious bedrooms, each with an upgraded en-suite bathroom, and an additional half bath downstairs. The modern kitchen is equipped with quartz countertops, upgraded appliances, and a large island perfect for entertaining. Upstairs, enjoy a versatile loft space, ideal as a home office or additional living area. Located just minutes from Biltmore Fashion Park and with easy access to the 51, this home is close to top shops and restaurants. Don't wait—book your tour today!

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19436 S 208th Place Queen Creek, AZ 85142

$530,000

3 Beds

2.5 Baths

2,185 SqFt

Status Active

MLS # 6728562

Property Type Single Family Residence

Price Type --

Welcome to this beautiful home featuring an efficient great room floor plan with three bedrooms and 2.5 baths. The interior boasts elegant granite countertops, upgraded cabinetry, designer flooring, GE stainless steel appliances, and window coverings throughout. Located at the southeast corner of Ellsworth and Germann Roads, this home is conveniently close to Phoenix-Mesa Gateway Airport, golfing, shopping, and dining. Gateway Quarter offers a fantastic community environment with a park featuring a ramada, basketball court, balance beams, climbing boulders, tree house, slide, and more. Don't miss your chance to call this exceptional property your home in the desirable location. This property qualifies for an amazing Lender Incentive using our preferred Lender!

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647 S Moonlight Drive Payson, AZ 85541

$530,000

7 Beds

4 Baths

2,152 SqFt

Status Active

MLS # 6727571

Property Type Single Family Residence

Price Type --

With a compelling offer, the seller is prepared to contribute to the buyer's interest rate buy-down or concessions. Discover this unique property featuring two homes both with new metal roofs, perfect for extended family living or rental income. The main house boasts 4 bedrooms and 2 bathrooms, complete with new flooring and carpet, , a new water heater, new HVAC system, brand new cabinets, and quartz countertops. Modern lighting and fixtures are present throughout, and the primary suite includes an ensuite with an extra-large tiled shower, new vanity, and updated lighting. The second home offers 3 bedrooms and 2 bathrooms and is move-in ready. Outdoor space features mature trees providing ample shade, additional storage, and is situated at the end of the street for added privacy.

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9484 N Cox Road Casa Grande, AZ 85194

$530,000

4 Beds

2 Baths

2,265 SqFt

Status Active

MLS # 6677987

Property Type Single Family Residence

Price Type --

Beautifully Remodeled House for Sale in Casa Grande! Great Location w/ Gorgeous Mountain Views! Newer Kitchen, Master Bathroom, Tile Floor, Roof, HVAC, Anderson Windows, R/O system, and more. This house has been remodeled from top to bottom! Sits on a flat/level ~1.26 ACRES. FULLY Fenced. Separate workshop w/ AC, storage shed, and 220v outlet for your RV/trailer. Horses, Livestock, Chickens are all ok! No HOA! Low Taxes.

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5344 W Mercer Lane Glendale, AZ 85304

Open House

$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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3310 E Longhorn Drive Phoenix, AZ 85050

Open House

$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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1820 W Browning Way Chandler, AZ 85286

Open House

$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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8222 E Jan Avenue Mesa, AZ 85209

Open House

$530,000

4 Beds

2.5 Baths

2,562 SqFt

Status Active

MLS # 6787717

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Nestled in the desirable Heritage Crossing community, this beautifully upgraded 4 bedroom plus den/2.5 bathroom home blends modern design with thoughtful functionality. Every detail has been carefully curated to enhance your living experience. The heart of the home features an extended island with quartz countertops, sleek cabinet hardware, and custom lighting that exudes elegance. Perfect for entertaining or everyday living, the kitchen also boasts custom floating shelves, adding both style and practicality. A thoughtfully designed built-in desk area provides the perfect space for work, study, or organization, seamlessly integrated into the home's layout.Luxurious details abound in the bathrooms, with stunning designer tile, upgraded faucets with mixed metals, and an added door for privacy in the primary bathroom. The laundry room is fully equipped with a washer and dryer and is plumbed for a utility sink, making chores a breeze. Step into your beautifully landscaped backyard, complete with pavers and a lush grass area - an inviting space for outdoor relaxation, play, or entertaining. Situated in the sought-after Heritage Crossing neighborhood, this home enjoys proximity to excellent schools, shopping, dining, and entertainment options. With a welcoming community atmosphere and convenient access to local amenities and easy freeway access, this is the perfect place!

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1807 S Shafer Drive Tempe, AZ 85281

$529,999

4 Beds

2 Baths

1,762 SqFt

Status Active

MLS # 6782226

Property Type Single Family Residence

Price Type --

Discover this beautifully updated 4-bedroom, 2-bathroom home in a prime location, just minutes from Arizona State University. Perfect for those seeking to enjoy the vibrant college-town atmosphere, this residence is within walking distance to Mill Avenue, known for its eclectic boutiques, diverse dining options, and lively nightlife. The remodeled kitchen features modern cabinetry, granite countertops, and stainless steel appliances, creating a stylish and functional space for everyday living. The bathrooms showcase elegant tile work and contemporary fixtures. Outside, the spacious backyard offers a blank canvas, ready for your personal touch. With a highly desirable location and move-in ready appeal, this home is an excellent choice for anyone looking to live near the heart of Tempe.

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