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

12794 W Burnside Trail Peoria, AZ 85383

$529,000

3 Beds

2 Baths

1,719 SqFt

Status Active

MLS # 6762934

Property Type Single Family Residence

Price Type --

Gorgeous 3-bedroom corner lot gem in Vistancia! Step inside to discover wood-look tile floors, ceiling fans throughout, solar tubes for natural light, plantation shutters, & epoxy flooring in garage. Recent updates include carpet, paint & AC Condenser. The spacious great room is perfect for entertaining. The kitchen is a chef's dream, offering upgraded white cabinetry with lots of cabinet pull outs, stainless steel appliances, stylish tile backsplash, granite counters, & a large center island with a breakfast bar. The master suite is bright with lots of windows & has nice size walk in closet. The master bathroom has dual head open shower. The backyard boasts a covered patio, ample space for entertaining & breathtaking Mountain views! Vistancia HOA includes all the awesome amenities.

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13342 W Paso Trail Peoria, AZ 85383

$529,000

5 Beds

2 Baths

1,860 SqFt

Status Active

MLS # 6785799

Property Type Single Family Residence

Price Type --

Come see this lovely 5 bedroom north Peoria home! With easy access to loop 303, and close proximity to shopping at Lake Pleasant/Happy Valley the location is tough to beat! The three car garage can store all your toys and you are a quick drive to Lake Pleasant, and miles of trails to ride!

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501 N Vine Street Chandler, AZ 85225

$529,000

4 Beds

2 Baths

1,868 SqFt

Status Active

MLS # 6770201

Property Type Single Family Residence

Price Type --

Welcome to this No-HOA home in the heart of Chandler. Set on a HUGE corner lot! Plenty of room to park toys or build an ADU. All the important things have been updated - HVAC, plumbing, electrical, roof (w/ commercial-grade insulation), OWNED solar, windows, water heater, & more. Very energy-efficient - in Sept, w/ thermostat set 24/7 to 76, the electric bill was $16! Multiple patios & new turf. Lots of storage in & out w/ extra closets (1 Cedar) & 2 sheds. Rare find in this area - so much land, no HOA, 4 BDRM & open layout. Don't miss this!

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2849 E Oriole Drive Sierra Vista, AZ 85635

$529,000

4 Beds

2 Baths

2,393 SqFt

Status Active

MLS # 6776626

Property Type Single Family Residence

Price Type --

Location, location, location! Located in the heart of town, you are just within a 4-minute drive to get to major retailers and park, the Elementary school is less than 5-minute walking distance from this home. From the circular driveway, you can begin to appreciate how spacious this home is. Full length front and back patios bring the elegance to the house. The large and bright living room gives you plenty of sitting space for entertaining. The kitchen has a unique design to maximize counter and storage space. Enjoy the heated pool with a new motor - entire pool has been resurfaced. Low-maintenance backyard, with multiple storage sheds that have power will allow maximum storage for all your toys. The RV parking lot with power hook ups is another plus!

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13170 W Chaparosa Way Peoria, AZ 85383

$529,000

3 Beds

2 Baths

2,067 SqFt

Status Active

MLS # 6778479

Property Type Single Family Residence

Price Type --

Amazing opportunity to live in the highly desirable Vistancia community with its pools, parks, golf, and proximity to nature! Home built in 2007 and remodeled in 2019 with over $50,000 in upgrades including huge gourmet kitchen with marble tile backsplash and granite countertops, updated bathrooms, water softener, new lighting, pavers in backyard, new artificial turf plus pergola and so much more! Come tour this light and bright home! The family room is super sized for all your entertainment needs!

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19952 N Window Rock Drive Surprise, AZ 85374

$529,000

2 Beds

2 Baths

2,304 SqFt

Status Active

MLS # 6788868

Property Type Single Family Residence

Price Type --

This beautiful Stonecrest model sits on a large 11,538 SF lot on a quiet street in The Grand. New roof underlayment Nov 2024! Sold fully furnished W golf car.Check out the drone shots showing the backyard private oasis, perfect for gorgeous AZ Sunsets.Extended pergola for shade, built in BBQ, putting green,sunning areas,orange&lemon trees. Kitchen has breakfast bar, granite,SS appliances,newer fridge and microwave, slate & glass backsplash for a designer touch. Master bedroom is extended with a cozy bay window seating area & private exit to the back patio,Master bath features travertine flooring and matching travertine vanity countertop, tub and shower.Vessel sinks and a walk in closet finish off this luxury bathroom.Den/craft room,water softener,2023 HWH replaced.Don't miss this one!

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11500 E Cochise Drive Unit 1030 Scottsdale, AZ 85259

$529,000

2 Beds

2 Baths

1,587 SqFt

Status Active

MLS # 6791425

Property Type Townhouse

Price Type --

Spacious single-level, ground-floor townhome with no stairs! It's an end unit too. 2-bedrooms + den and large kitchen with bar, all open to family room & dining areas. Features include upgraded 20'' tile throughout, plantation shutters, stainless steel appliances, recessed lighting, a large laundry room, a new water heater, new sunscreens, private patio and an attached garage. The primary suite boasts an ensuite bath with custom walk-in shower, corner soaking tub, and dual sinks. Enjoy the ultimate privacy with no building to the east - serene and quiet. Community amenities include walking paths, heated pool & spa, BBQ areas, a clubhouse, banquet/meeting rooms, and fitness center. This is among the finest resort style living residences in Scottsdale. Don't miss out on this rare home

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16938 W Desert Rose Lane Surprise, AZ 85387

$529,000

3 Beds

2.5 Baths

1,834 SqFt

Status Active

MLS # 6791374

Property Type Single Family Residence

Price Type --

his Desert Rose model is a must-see for anyone looking for a MOVE-IN ready home with plenty of space to entertain. The home features a versatile CASITA that can accommodate a variety of needs, whether it's an additional bedroom, a dedicated craft space, or a private home office. It has been freshly painted inside and out,A/C 2017. The kitchen has granite counter top and stainless steel appliance. Home is within walking distance from the Cimarron Center. Come see what The Grand a 45+ community has to offer: four 18-Hole Championship Golf Courses, Fitness Center & Day Spa, Tennis and Pickle ball Courts.

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11011 N 92nd Street Unit 1011 Scottsdale, AZ 85260

$529,000

2 Beds

2 Baths

1,187 SqFt

Status Active Under Contract

MLS # 6778667

Property Type Single Family Residence

Price Type --

Welcome to this charming single level patio home located in the highly desirable, gated community of La Contessa. Meticulously maintained, this home offers Spanish and Italian tile flooring, an inviting courtyard with relaxing fountain, beautifully updated bathrooms and a relaxing South facing back patio with citrus trees. The kitchen showcases newer stainless-steel appliances, tile backsplash and a lovely atrium window overlooking the back patio. The primary suite features access to the patio, a walk-in closet and a bathroom with a spacious walk-in shower displaying Moroccan Zellige hand cast tile. A remodeled wet bar with sink, re-stained cabinetry and wine storage, tile backsplash and beverage fridge is perfectly placed for entertaining. Other details include a 2-car garage with epoxy flooring and custom built-in cabinetry, a newer HVAC unit and new roof in 2023. The amenities of La Contessa offer a sparkling pool, spa, clubhouse with fitness room, racquetball court, pickleball and tennis court. Superb location close to shopping, dining, HonorHealth Scottsdale Medical Center and easy 101 Freeway access.

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2999 Glenview Drive Sierra Vista, AZ 85650

$529,000

2 Beds

2 Baths

2,190 SqFt

Status Active

MLS # 6787711

Property Type Single Family Residence

Price Type --

FABULOUS CUSTOM CUNNINGHAM HOME on the 11th Fairway!! Upon entering this Luxurious home the craftsmanship starts with the beautiful archways and stunning copper fountain. The home features CERAMIC TILE, ANDERSON WINDOWS, CUSTOM PLANTATION SHUTTERS throughout and 2 SEPARATE DENS. The living room leads out thru the french doors to a well manicured yard and 3 spacious outside living areas. The split master suite has a gas fireplace, 2 walk-in closets, gorgeous jetted tub. The kitchen is a cooks delight w/ample storage, kitchen island, spacious pantry and a coffee bar area. Other upgrades are NEW ROOF, NEW A/C, surround sound, central vac, sec system, water softener, raised garden. Lemon, Fig & Peach fruit trees. Garage has tons of built-in storage and enough room for your golf cart. FABULOUS CUSTOM CUNNINGHAM HOME on the 11th Fairway!! Upon entering this Luxurious home the craftsmanship starts with the beautiful archways and stunning copper fountain. The home features CERAMIC TILE, ANDERSON WINDOWS, CUSTOM PLANTATION SHUTTERS throughout and 2 SEPARATE DENS. The living room leads out thru the french doors to a well manicured yard and 3 spacious outside living areas. The split master suite has a gas fireplace, 2 walk-in closets, gorgeous jetted tub. The kitchen is a cooks delight w/ample storage, kitchen island, spacious pantry and a coffee bar area. Other upgrades are NEW ROOF, NEW A/C, surround sound, central vac, sec system, water softener, raised garden. Lemon, Fig and Peach fruit trees. Garage has tons of built-in storage and enough room for your golf. Text me for tour!

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7601 E Indian Bend Road Unit 3040 Scottsdale, AZ 85250

$529,000

1 Bed

1 Bath

1,093 SqFt

Status Active

MLS # 6704347

Property Type Apartment

Price Type --

Luxury top-floor condo located within the coveted gated community of Corriente. Within the 192-unit community, only 16 top-floor Topacio models exist. This meticulously maintained 1Bed/1Bath-unit boasts modern fit and finishes throughout. The open kitchen features stainless steel appliances, gas oven/stove cooktop, quartz countertops, bar seating & ample cabinetry. The living room features a built-in floating wine rack, tiled stone mantle, gas fireplace, and crown molding throughout. The north-west facing covered balcony comes with interior community views. The large primary bedroom accommodates a king size bed and additional bedroom furniture. The primary suite includes dual floating vanities, a free-standing bathtub, walk-in shower, toilet room, and walk-in closet.

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8741 S 167th Drive Goodyear, AZ 85338

$529,000

3 Beds

2 Baths

2,030 SqFt

Status Active

MLS # 6718833

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the stunning Estrella Mountain Ranch master planned community! Nestled at the foothills of the Estrella Mountains, this immaculate Kendrick Model with a premium lot single-story residence boasts 3 bedrooms, 2 bathrooms, and an array of premium features. Key Features:

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