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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1329 W Via De Olivos Drive San Tan Valley, AZ 85140

$526,684

2 Beds

2.5 Baths

1,811 SqFt

Status Active

MLS # 6755742

Property Type Single Family Residence

Price Type --

MLS#6755742 December Completion! Situated in the 55+ active lifestyle community of Ovation at Meridian, the Sedona floor plan is a beautifully designed single-story home offering 1,811 sq. ft. of living space. This thoughtfully laid-out plan includes 2 bedrooms, 2.5 baths, a 2-car garage, and a welcoming foyer that opens to a versatile flex room on one side and a private second suite on the other. The open-concept gathering room and kitchen create the perfect setting for entertaining or enjoying dinner while staying connected to the action. The owner's suite boasts an ensuite bathroom with double sinks and a spacious walk-in closet, offering both comfort and style. Structural options include: paver front porch, 12' x 8' sliding glass door, garage service door, 8' interior doors, bay window at owner's bath, soft water loop and gas line for future outdoor use.

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2086 W Stanton Avenue Apache Junction, AZ 85120

$526,307

4 Beds

3 Baths

2,487 SqFt

Status Active

MLS # 6792215

Property Type Single Family Residence

Price Type --

Welcome to Radiance at Superstition Vistas, a brand new master planned community located on the border where Mesa meets Apache Junction. This is a rare opportunity for optimal living - to have the convenience of City living while enjoying the breathtaking Superstition mountains! Small town feel meets modern amenities at its best! The OZARK-2487 sq ft, 4 bed+LOFT/3 bath adorable, energy home in which you will find tile in all common areas, 9 foot ceilings and on trend extra bright white walls. The kitchen has gorgeous cabinets, marble look countertops & large island. Located close to the 24, 60 & 202.

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25570 N 154th Lane Surprise, AZ 85387

$526,000

4 Beds

3 Baths

2,434 SqFt

Status Active

MLS # 6744491

Property Type Single Family Residence

Price Type --

This is an amazing home, this quick move-in Pearl floor plan is indeed one of our best-selling homes, it boasts a stunning design with upgraded kitchen cabinets, quartz countertops and a stylish backsplash, the master bathroom includes a spacious shower, the home is equipped with Smart Home Technology, and is also Energy Star Certified, ensuring energy efficiency, the oversized sliding glass door provides abundant natural light and easy access to the outdoors, the upgraded electrical package and recessed can lighting enhance the overall ambiance of the home, window coverings are included for privacy and aesthetics, and of course the home comes with a garage door opener for convenience and security, it's a perfect combination of style, functionality and modern features, come and see!

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3346 E Rochelle Street Mesa, AZ 85213

$526,000

4 Beds

2.5 Baths

2,105 SqFt

Status Active

MLS # 6687626

Property Type Single Family Residence

Price Type --

Charming two-story home in Lehi Crossing with stunning Mountain Views from the backyard. Features include new neutral carpeting, upstairs laundry, four bedrooms, 2.5 bathrooms, and a 2-car garage. Enjoy the tranquility of this gated community with easy access to the 202 freeway. The backyard boasts orange trees and low maintenance turf, along with PAID SOLAR panels. Ample storage under stairs and freshly painted interior complete this inviting home!

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12414 W Cougar Drive Sun City West, AZ 85375

Open House

New

$526,000

3 Beds

2 Baths

2,241 SqFt

Status Active

MLS # 6796278

Property Type Single Family Residence

Price Type --

Located on the 18th fairway of Stardust GC with spectacular mountain and sunset views making it a perfect retreat for golf enthusiasts and nature lovers alike. Home offers 3 spacious bedrooms and a large office providing ample space for work and relaxation. Greeted by a welcoming gated entryway and kool deck sidewalks that enhance the curb appeal. Inside, new plank tile floors fill the entire home. New windows and sliders recently added for heat/cool efficiency. Fresh paint complimented with updated 6 panel doors and trim. Kitchen has cherry wood cabinets & granite countertops with a travertine backsplash, built-in wine fridge, stainless steel dual ovens, refrigerator, smooth cook top, quiet Bosch dishwasher & updated can lighting. Primary suite offers two walk in closets and private bath. Split floor plan for added privacy. The epoxied extended length garage has a side service door, tandem golf cart parking, washer, dryer, & utility tub. New garage door and motor. Roof 2015

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5822 W Moody Trail Laveen, AZ 85339

$525,990

5 Beds

3 Baths

2,688 SqFt

Status Active Under Contract

MLS # 6766916

Property Type Single Family Residence

Price Type --

Beautiful Brand New Home in a Highly Desirable West valley location. Features countless upgrades such as 9' ceilings, Shaw 17x17 Tile, Granite countertops in the kitchen. GE Stainless steel appliances. White shaker cabinets. Energy-efficient features throughout, WIFI & programmable thermostat. Spacious walk-in closet in the primary suite. Front yard landscaping, covered patio in the backyard. The community includes Park,basketball court and dog park. Conveniently located near the new I-10 freeway, schools, shopping and dining.

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2355 E Wagon Wheel Lane San Tan Valley, AZ 85140

$525,990

5 Beds

4.5 Baths

3,020 SqFt

Status Active

MLS # 6740010

Property Type Single Family Residence

Price Type --

Nestled perfectly in the sought-after city of San Tan Valley, this 3,020-square-foot, two-story home offers 5 bedrooms, 4.5 bathrooms, a huge loft, and a 3-car tandem garage. As you enter the house, you'll find a bedroom and full bath to the right. Walking into the great room, the large 4-panel sliding glass door brings in light to brighten up the dining nook and kitchen. This home is beautifully appointed with our Coastal Collection, which includes 42'' upper shaker-style white cabinets, quartz counters, and a blue-and-grey-toned backsplash. Upstairs, you will find a spacious primary suite with a large walk-in closet and double sinks, plus a linen closet for additional storage. The second story boasts a spacious laundry room right off the huge loft. Each bedroom is equipped with its own walk-in closet and shares two full bathrooms upstairs, excluding the primary bathroom. And who could forget the large backyard? This home is a stunner, complete with a washer, dryer, fridge, and blinds!

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1121 N Revere -- Mesa, AZ 85201

$525,900

3 Beds

2 Baths

1,981 SqFt

Status Active

MLS # 6792079

Property Type Single Family Residence

Price Type --

Gorgeous remodeled home, with a formal dining room, library off living room, skylights in kitchen, hallway and bathroom. Dual pane windows and ceiling fans. The yard features mature orange and lemon trees, locking RV gate, parking and a diving pool. This home is located near the Mesa Riverview for easy access to shopping and entertainment. This home is also close to Arizona State University with easy access to the 202.

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1601 W Orchid Lane Chandler, AZ 85224

$525,900

3 Beds

2.5 Baths

1,786 SqFt

Status Active

MLS # 6764320

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly desirable neighborhood of Andersen Springs in Chandler. This beautifully updated 3 bedroom, 2.5 bathroom home boasts a prime location, just steps away from shopping, restaurants, and easy freeway access. Step inside and be greeted by a spacious and bright open floor plan, perfect for entertaining and family gatherings. The kitchen features modern SS appliances, newly painted cabinets & hardware, and abundant storage space. The cozy family room with a fireplace is the perfect place to relax and unwind after a long day. Upstairs, you will find three generously sized bedrooms, including a master suite with a private balcony overlooking the tranquil green belt and walking trail. But that's not all - this home has received numerous recent updates, including fresh exterior and interior paint, new flooring and carpet, a serviced A/C unit, and even a new roof underlayment. Every detail has been taken care of for you, including a thorough cleaning and fresh landscaping. Don't miss the opportunity to make this dream home yours. Schedule a showing today and experience the best of Chandler living in the beautiful Andersen Springs community.

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165 E Liberty Lane Gilbert, AZ 85296

$525,500

3 Beds

2 Baths

1,864 SqFt

Status Active

MLS # 6720132

Property Type Single Family Residence

Price Type --

This well-maintained, single-story, 3-bedroom home is located on an oversized lot, perfect for your creative vision. Imagine stepping into your spacious backyard, complete with the pool and entertainment area of your dreams, while still having plenty of room for kids or dogs to play or to plant a garden. On those rare rainy days, or when the weather is too hot or cold, you can entertain guests inside in the large, open great room. The kitchen features ample cabinets and a walk-in pantry for all your kitchenware & food, with beautiful granite countertops for meal preparation. Plus, you'll be just minutes away from downtown Gilbert, offering fun & shopping for the whole family. Don't wait, this opportunity won't last long!

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16060 W Charlotte Drive Surprise, AZ 85387

$525,021

4 Beds

3 Baths

2,286 SqFt

Status Active Under Contract

MLS # 6745623

Property Type Single Family Residence

Price Type --

MOVE-IN READY, BRIGHT GREAT ROOM PLAN, QUICK CLOSE!! 4 BEDROOMS PLUS DEN, 3 BATHS, 9'CEILINGS, 8FT INTERIOR DOORS, GOURMET KITCHEN LAYOUT, UPGRADE CABINETS, GRANITE KITCHEN TOPS, SPA SHOWER, TILED FLOORING. 2'' WHITE FAUX WOOD BLINDS, CEILING FANS, ENERGY STAR QUALIFIED HOME, INDOOR AIR PLUS. A SHORT DISTANCE FROM THE COMMUNITY POOL AREA, PICNIC AREA, TOT LOTS, BASKETBALL, PICKLE BALL COURTS AND SO MUCH MORE.

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9459 S Caballero Loop Hereford, AZ 85615

$525,000

3 Beds

2.5 Baths

2,518 SqFt

Status Active

MLS # 6778060

Property Type Single Family Residence

Price Type --

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