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

19741 E Reins Road Queen Creek, AZ 85142

$529,000

3 Beds

2 Baths

2,225 SqFt

Status Active

MLS # 6740534

Property Type Single Family Residence

Price Type --

This beautiful home is located on a cul-de-sac street near the heart of downtown Queen Creek! The kitchen features maple cabinets, breakfast bar, all appliances are included (new dishwasher) stub for gas range, a pantry and breakfast nook. The family room is open to the kitchen. There is a living room with a dining area. The large master bedroom has a master bath with double sinks, separate shower and soaking tub, private toilet room & walk-in-closet. The guest bath also has double sinks. The laundry room has built-in-cabinets and a gas connection. The back yard has a must have covered patio and a grass area. The double door den could easily be turned into a 4th bedroom. This home has been upgraded with new paint, new 6'' x 36'' wood look tile throughout and the exterior was painted in 2021. This subdivision has nice mature trees, two parks with play area, ramada and basketball courts.

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21159 N Redington Point Drive Surprise, AZ 85387

$529,000

2 Beds

2 Baths

2,075 SqFt

Status Active

MLS # 6749258

Property Type Single Family Residence

Price Type --

Nicely updated Sierra model w/ upgrades in all of the right places! Great curb appeal w/ pavered driveway, courtyard & faux stone. Travertine tile & wood laminate flooring t/o. Open great room concept. Updated kitchen w/ quartz counter tops, breakfast bar, gas cook top w/ left griddle & power boil for large cookware, microwave/convection oven, kitchen island, skylights & eating area extended w/ bay window. Spacious primary suite has bay window, separate door to back patio, updated bathroom w/ tiled snail shower, stone back splash, walk-in closet & skylight. 2nd bedroom & guest bath. Den w/ plantation shutters. Inside laundry w/ cabinets & sink. 2.5 car garage w/ cabinets. Water heater in 2024. HVAC in 2018. Water softener 2023. Relax & enjoy your extended back patio w/ knee wall.

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1509 W Lawrence Road Phoenix, AZ 85015

$529,000

4 Beds

2 Baths

1,726 SqFt

Status Active

MLS # 6748333

Property Type Single Family Residence

Price Type --

4-bedroom homes in this area don't come for sale often, & when they do, they're not like this. A 1-year old water heater & a 2-year old AC unit will give you immediate peace of mind on move-in day; & the brand-new kitchen with stainless steel appliances, sweet coffee nook, custom bar area (with brand new wine fridge!) & huge island with beautiful quartz countertops will make you smile! This home also features remodeled & luxurious bathrooms, all new carpet & all new LVP flooring throughout, brand-new & very pretty light fixtures & ceiling fans, fresh paint, all new baseboards & interior doors, new RING doorbell & the list goes on! Primary bedroom has a private backyard exit to the covered patio. French doors from the kitchen lead to a perfect view of your kids or pets playing in the huge backyard, which has plenty of space for your RV, a future pool or just room to breathe without the handcuffs of an HOA. Great nearby amenities include: Uptown Farmers Market, Murphy Bridle Path, Bookmans, Luci's, Black Rock Coffee, Sprouts, Petsmart Dog Park, PV Golf Course + more! Easy access to I-17, the light rail & Downtown Phx, too! Just minutes away from the future Metrocenter revamp, which the Phoenix City Council voted to spend $850M to turn into a walkable village containing 150,000 square feet of commercial, retail and restaurant space! Jump on the I-17 for easy access to the TSMC and tech corridor in N Phoenix or cruise to the light rail and head downtown for a concert or to Tempe for an ASU game Don't miss out! Homes rarely come for sale at this price point in this area!

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20034 W Rainbow Trail Buckeye, AZ 85326

$529,000

4 Beds

2.5 Baths

1,993 SqFt

Status Active

MLS # 6748142

Property Type Single Family Residence

Price Type --

Open and spacious custom home in highly desirable Rainbow Valley. Split floor plan with two separate areas one that includes the fourth bedroom that can be used as a game room, den or office. Ranch style kitchen includes plenty of upper and lower cabinets, offering baye style dining room with kitchen island. There's room for bar stools at the counter which make it great for entertaining and includes an additional formal dining and family room. Gas fireplace in both the family room and main suite. Two additional bedrooms share the guest bathroom on west wing of home. This home includes an outbuilding and split rail fencing. Main suite includes exit to back patio, jet tub for relaxing or chose the walk in shower and double sinks. Guest bathroom includes walk in shower and double sinks. Buyer will need to purchase or lease propane tank for gas fireplaces both in family room and main suite. Inside garage includes private toilet room. Inside laundry includes wash basin. Exterior split rail fencing/panels will convey. Additional barn/shed will convey. RV gates/entrance to rear makes plenty room to bring in trailers. Speakers in main suite will convey. Full covered patio along back with gas stub out ready for BBQ hook up.

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11165 E Segura Avenue Mesa, AZ 85212

$529,000

5 Beds

3 Baths

2,566 SqFt

Status Active

MLS # 6753677

Property Type Single Family Residence

Price Type --

Beautiful 2 story home in the desirable community of Bella Via in Mesa with 2566 Square Feet of living space. Huge backyard to entertain family and friends. Stylish granite counter tops in kitchen with massive pantry, tile flooring, new paint in the interior of the home and new carpet upstairs in all the rooms. This amazing floor plan features 5 bedrooms and 3 baths. Located in Southeast Mesa Tech Corridor with major growth development. Community has multiple parks and nearby amphitheater! Close to shopping, restaurants and freeways.

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825 S Henry Lane Gilbert, AZ 85296

$529,000

3 Beds

2.5 Baths

2,529 SqFt

Status Active

MLS # 6758655

Property Type Single Family Residence

Price Type --

Welcome to this stunning 3-bedroom, 2.5-bathroom home nestled in a prime corner lot in Gilbert! This spacious 2-story, 2,467 sq ft property boasts a versatile loft and a den/office, perfect for work-from-home setups or additional living space. The main floor features elegant hardwood flooring, complemented by gorgeous plantation shutters throughout the home. The kitchen is a chef's delight with cherry 42-inch cabinetry, granite countertops, and stainless steel appliances. Enjoy outdoor living with your private courtyard, ideal for relaxing or entertaining. The 3-car garage provides plenty of space for vehicles and storage. The HOA maintains the front yard and offers access to community pools, making maintenance a breeze. With easy freeway access, and close proximity to shopping and shopping and restaurants, this home combines comfort, style, and convenience in one perfect package.

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8580 W Brown Street Peoria, AZ 85345

$529,000

4 Beds

3 Baths

2,874 SqFt

Status Active

MLS # 6758303

Property Type Single Family Residence

Price Type --

*SELLER SAYS TO BRING US AN OFFER - CONCESSION HELP AVAILABLE* Spacious Floorplan including Bathroom w/Shower on the first level! Interior Features include Tile Flooring, Plantation Shutters, Stainless Appliances, Food Pantry, Kitchen Island Storage, Ceiling Fans, Laundry Room w/Cabinets, Nest Thermostats, Large Master w/Walk-in Closet, Dual Sinks & Separate Tub/Shower. Fridge, Washer & Dryer convey too! Outside you'll find RV Gate w/Fenced Area behind, Pebble-Finish Deep Swimming Pool w/Stacked Stone Wall & Water Feature + Lounge Shelf w/Umbrella Sleeve, Fire Feature, Gas Stub ready for expansion, Lots of Paver Hardscape, Turf Dog Run, Gutters & more. Two New Trane 17-Seer A/C Units installed last year. Close to Historic Downtown Peoria w/Shops, Eateries & Seasonal Events. New Water Heater just intalled (09/24). 42-inch upper cabinets in the kitchen, multiple pet doors leading to the exterior with one of them to the fenced and turfed dog run, triple garage (tandem) with built-in cabinets, hanging storage racks and epoxy-coated floor, patio has ceiling fan + TV.

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1402 W Cheyenne Drive Chandler, AZ 85224

$529,000

4 Beds

2 Baths

1,739 SqFt

Status Active

MLS # 6760901

Property Type Single Family Residence

Price Type --

Check out this amazing home in Chandler with NO HOA! This 4-bedroom, 2-bathroom house comes with a private pool, perfect for cooling off in the summer. The spacious kitchen is equipped with stainless steel appliances. Enjoy the vaulted ceilings in the living areas or entertain in the beautifully landscaped backyard with a sparkling pool. The primary suite offers comfort and plenty of closet space. The additional bedrooms provide flexibility for guests or a home office. This home is located in a desirable neighborhood, close to shopping, dining, and top-rated schools. Plus, the pool has recently been redone and plastered. Don't miss out on this fantastic opportunity!

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30410 N 229th Avenue Wittmann, AZ 85361

$529,000

4 Beds

2 Baths

2,070 SqFt

Status Active

MLS # 6767573

Property Type Single Family Residence

Price Type --

Nestled on just over an acre, this custom-built home is ready for all your hobbies—bring your horses, boats, and outdoor toys! With a 3-car garage and an inviting open floor plan, the home features vaulted ceilings and recessed lighting throughout. The kitchen is a chef's delight with stainless steel appliances, granite countertops, a stylish tile backsplash, and an under-mount sink, complemented by upgraded cabinets throughout the entire home. Stunning mountain views can be enjoyed from almost every window. The main suite boasts vaulted ceilings, dual sinks, a separate tub and shower, and a spacious walk-in closet. In addition to the master, there are three large bedrooms in a split floor plan.

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5432 N Comanche Drive Eloy, AZ 85131

$529,000

2 Beds

2 Baths

2,165 SqFt

Status Active

MLS # 6771153

Property Type Single Family Residence

Price Type --

GOLF COURSE VIEW & POOL/SPA. You won't want to miss the beautiful sunsets. INTEGRA-BLOCK on the GOLF COURSE with a POOL, MountaIn Views and 180 degree view of the course. The interior has imported Italian 18'' white Porcelain tile laid diagonally. Premium Granite Kitchen counter-tops with full height back splash. Floor to ceiling Cardell Marquis II white kitchen cabinets. Dovetail drawers with soft-close. Under cabinet lighting. Reverse Osmosis system. Great room has surround sound, 4 speakers and pre-wired for patio, master BR, guest BR and hall. MBR has the Built-In closet and raised master bath counter top with full height back splash. Honeywell electric air cleaners. Garage and golf cart garage has full 4' extension. Outside garage service door. Safeguard Security system. More.. Kitchen, Den and Great Room were recently painted to a neutral color. See dob tab for upgrades.

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9262 W Hedge Hog Place Peoria, AZ 85383

$529,000

3 Beds

2 Baths

2,039 SqFt

Status Active Under Contract

MLS # 6741139

Property Type Single Family Residence

Price Type --

Great property in move in condition. Meticulous sellers & it shows. Newly painted inside w/spacious open floor plan, private primary split, gourmet kitchen showcasing upgraded counters, subway tiles, pantry, cherry cabinetry and s/s appliances, neutral flooring t/o plush carpeting, granite in baths, newer designer blinds, newer contemporary lighting, 3 car garage,w/ great cabinets & epoxy flooring. Newly painted outside w/front yard landscaping redesigned & rear yard featuring new pavers,patio tiles & artificial turf. Irrigation system replaced in 2022. Home sealed for pests 2023. 2024 Tankless hot water heater & filtration installed. Private corner lot close to shopping, dining, top rated schools & mountain views as well! Do not miss this home.

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20410 N Meadowood Drive Sun City West, AZ 85375

Open House

New

$529,000

2 Beds

2 Baths

1,586 SqFt

Status Active

MLS # 6796389

Property Type Single Family Residence

Price Type --

Golf course home with sweeping west views of the Echo Mesa 14th fairway, distant mountains and dramatic sunsets. On one of the most attractive streets in the area, near the largest rec center, library and shopping. This home has extensive upgrades inside and out. Over $35,000 on landscaping including front walled courtyard, large paved patios, turf front and back, and covered back patio with blinds. Drought resistant landscaping with mature palms. New exterior paint and resurfaced driveway. Interior refinished with designer floor tile, new baseboards, new paint and light fixtures. New low E windows. California shutters. Newer kitchen has granite counters, tile backsplash, stainless steel appliances and fixtures, and pantry. Office has cabinets and counter workstation. Large Master has walk-in closet and ensuite. Garage has new storage cabinets and workbench. Must see to appreciate the quality and lifestyle! It is impossible to be bored when you live in the Valley of the Sun. This area offers scenic beauty, miles of natural parkland, picturesque lakes, and a wide variety of activities, events, and attractions for every interest. Surrounding cities and metropolitan areas offer a unique mix of culture, shopping, sports stadiums, concert arenas, and attractions ranging from the cosmopolitan to the Southwestern.

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