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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15697 W Westview Drive Goodyear, AZ 85395

$529,999

3 Beds

2 Baths

2,197 SqFt

Status Active

MLS # 6773919

Property Type Single Family Residence

Price Type --

Seller Concessions Available. Beautifully upgraded 3-bedroom, 2-bathroom single-story home on a corner lot in the desirable Palm Valley Phase 5 community! This spacious home features a 3-car garage, offering ample room for parking and storage. The kitchen has been recently updated with stunning quartz countertops, a large island, stainless steel appliances, including a gas range and counter-depth refrigerator. The open floor plan boasts 18-inch diagonal tile flooring, with newer plush carpet in the right areas. In addition to the three bedrooms, there is a separate den that can be used as an office or extra living space. The primary bedroom features a walk-in closet and an ensuite bath with double sinks, a separate shower, and a soaking tub. The second bathroom also has double sinks for added convenience. Enjoy outdoor living with a beautifully landscaped grass backyard, perfect for entertaining. The home is conveniently located just a few houses down from a community park and playground, with easy access to major freeways, shopping, dining, and more. Features include dual-pane windows, a covered patio, 9-foot ceilings, no interior steps, and a soft water loop. The property enjoys north/south exposure and is located minutes from local amenities, schools, and highways.

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4543 E Villa Maria Drive Phoenix, AZ 85032

$529,999

3 Beds

2 Baths

1,527 SqFt

Status Active

MLS # 6786979

Property Type Single Family Residence

Price Type --

Single Family Home Great location 20 minutes to downtown Phoenix or Scottsdale ,including all stadiums and Sky Harbor Airport Easy access to Loop 101 and SR 51 Open concept with hardwood floors 3 bedroom and 2 bathroom house Large 2 car garage Upgraded kitchen with Corian countertops included are all appliances with washer , dryer, refrigerator and microwave Upgraded master bathroom Hardwood floors with new carpet in all bedrooms Covered patio with extended roof New exterior paint Desert landscaping in front yard and grass with raised stone border landscaping in back yard low utility costs and maintenance

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10204 W Lawrence Lane Peoria, AZ 85345

Open House

$529,999

5 Beds

3 Baths

2,661 SqFt

Status Active

MLS # 6749433

Property Type Single Family Residence

Price Type --

Welcome to this rare 5 bed, 3bath gem in the heart of Peoria! Perfectly designed for both comfort and functionality, this home offers an open concept living room and kitchen area that's ideal for gathering with family and friends. The kitchen shines with built-in appliances, recessed lighting, granite countertops, ample white cabinetry, and breakfast bars perfect for morning chats. Upstairs, the five spacious bedrooms provide room for everyone—whether you need a private retreat, a stylish guest room, or space for a home office or hobby. The 3-car garage adds even more versatility, with one bay transformed into a fully equipped home gym. Conveniently located just minutes from the Cardinals stadium, West Gate entertainment center, and a wide array of restaurants. Come see this home!

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17984 W Long Lake Road Goodyear, AZ 85338

$529,995

4 Beds

3 Baths

2,212 SqFt

Status Active

MLS # 6772601

Property Type Single Family Residence

Price Type --

Well-designed family style. The Laurens' inviting covered entry and welcoming foyer flow past a bright office to views of the spacious great room, casual dining area, and desirable covered patio beyond. The well-equipped gourmet kitchen is highlighted by a large center island with breakfast bar, plenty of counter and cabinet space, and roomy walk-in pantry. The serene primary bedroom suite is enhanced by a sizable walk-in closet and spa-like primary bath with dual-sink vanity, large luxe shower, and private water closet. Generous secondary bedrooms feature ample closets and shared hall bath with separate dual-sink vanity area. Additional highlights include a convenient powder room, centrally located laundry, and additional storage.

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18697 E Panchito Drive Gold Canyon, AZ 85118

$529,995

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6737879

Property Type Single Family Residence

Price Type --

Welcome to the Copper floor plan that is ready for a quick move-in! Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; a cheerful covered patio; and an attached RV garage.

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18672 E Panchito Drive Gold Canyon, AZ 85118

$529,995

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6737920

Property Type Single Family Residence

Price Type --

The Copper Plan is ready for quick move-in! This home features an attached RV garage, perfect for adventurers. Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; and a cheerful covered patio. Discover the charm of Gold Canyon.

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5332 W Manzanita Drive Glendale, AZ 85302

$529,995

3 Beds

2 Baths

2,078 SqFt

Status Active

MLS # 6762110

Property Type Single Family Residence

Price Type --

Explore this inspired Agate home, ready for quick move-in! Included features: a covered entry; a corner kitchen boasting 42'' upper cabinets, stainless-steel appliances, a center island and an adjacent dining room; a large open great room; an elegant primary suite showcasing a large walk-in closet, 4x16 stacked shower tile, and double sinks; a central laundry; two additional bedrooms and one additional bathroom; a wonderful flex room, covered patio and a 2-car garage. This home also features matte black hardware throughout, 9x35 stone tile flooring, quartz kitchen countertops, 2 panel doors, and ceiling fan prewire in all bedrooms, great room, and patio. You'll also find a stainless-steel side by side refrigerator, tankless gas hot water heater, garage coach lights, front yard landscaping and pavers at the driveway and entryway. Home has a December completion.

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5329 W Manzanita Drive Glendale, AZ 85302

$529,995

3 Beds

2 Baths

2,070 SqFt

Status Active

MLS # 6764819

Property Type Single Family Residence

Price Type --

Explore this inspired Agate home, ready soon for quick move-in. Included features: a covered entry; a corner kitchen boasting 42'' upper cabinets, quartz countertops, pendant lights, 3x6 subway tile backsplash, and a stainless-steel appliance suite, a center island and an adjacent dining room; a large open great room; an elegant primary suite showcasing a large walk-in closet, 4x16 tile in the primary shower, and double sinks; a central laundry; two additional bedrooms and one additional bathroom; a wonderful flex room, covered patio and a 2-car garage featuring 8' door height, soft water loop, and a garage service door. This home also features matte black hardware throughout, 9x35 staggered stone tile flooring in main areas, carpeted bedrooms, 2 panel doors, and ceiling fan prewire in all bedrooms, great room, and patio. You'll also find a tankless gas hot water heater, garage coach lights, front yard landscaping and pavers at the driveway and entryway.

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18610 E Panchito Drive Gold Canyon, AZ 85118

$529,995

4 Beds

3.5 Baths

2,110 SqFt

Status Active

MLS # 6781751

Property Type Single Family Residence

Price Type --

Welcome to the Zinc Plan in Entrada Del Oro II, Gold Canyon! This spacious 2-story, RV- home is 4 bedrooms and 3.5 baths, with the master suite and laundry conveniently located on the main floor. Designed for comfort and functionality, this home is perfect for those seeking extra space and easy access to outdoor adventures near the Superstition Mountains. Corner Lot

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4294 E Bradford Avenue San Tan Valley, AZ 85143

$529,990

4 Beds

3.5 Baths

3,020 SqFt

Status Active

MLS # 6780697

Property Type Single Family Residence

Price Type --

Spacious 2-story Daisy floorplan with Craftsman elevation! This home offers a den, great room, dining nook, powder bath, and a 3-car tandem garage on the main level. Upstairs boasts 4 bedrooms, each with walk-in closets, 3 baths, and a central laundry room. Upgrades include the Industrial Collection finishes, 2'' fauxwood blinds, 8' doors, a 4-panel slider to a covered patio, pendant light prewiring over the kitchen island, and stainless steel gas appliances—washer, dryer, and fridge included!

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22857 E Roundup Way Queen Creek, AZ 85142

$529,990

3 Beds

2 Baths

1,803 SqFt

Status Active

MLS # 6764812

Property Type Single Family Residence

Price Type --

'' Step into the Marigold floorplan, with 1803 Sqft this home that offers 3 bedrooms, 2 bathrooms, a den, and a spacious backyard, providing ample space for comfortable living and outdoor enjoyment. The kitchen boasts 42'''' white shaker cabinets, Carrara quartz countertops, and a white mosaic tile backsplash, accented with black hardware for added style. Natural 6 x3 6 plank tile floors in the main living areas offer durability and sophistication, neutral plush carpeting in the bedrooms and den adds comfort. This home comes fully equipped with stainless steel appliances including a gas range, microwave, dishwasher, refrigerator, white washer/dryer, blinds, and a garage door opener ensuring convenience from day one. Experience seamless indoor-outdoor living with a 4-panel center slider glass door in the greatroom leading to the covered patio. Additionally, enjoy the elegance and spaciousness of 8' doors throughout the home. Don't miss the opportunity to tour our homes and experience the exceptional living experience awaiting you at Madera.

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2640 E Abe Truckle Avenue San Tan Valley, AZ 85140

$529,990

4 Beds

3 Baths

2,123 SqFt

Status Active

MLS # 6741644

Property Type Single Family Residence

Price Type --

Amazing single story, 2123 sqare foot, 4 bed, 3 bath with a den and RV garage!!!! This home boasts a meticulously designed living space. Crafted with a keen eye for both style and functionality, this home harmoniously blends modern elegance with timeless comfort. This home seamlessly integrates open-concept living, featuring a private bedroom off of the den, 8' interior doors, a soft water loop, 4-panel center sliding glass door, a large kitchen adorned with the Milan Collection which includes quartz countertops, 42'' upper cabinets and stainless appliances. The expansive owner's suite includes dual vanities in the bathroom and a large walk-in closet. Additional bedrooms offer ample space for family or guests, each thoughtfully designed with comfort in mind. This amazing home offers a washer, dryer,fridge, blinds throughout as well as a garage door motor. Complete with a 4-car garage, two car tandem and a RV garage plus this residence offers a yard large enough for your very own pool.

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