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

1741 E Palm Parke Boulevard Casa Grande, AZ 85122

$525,000

7 Beds

3 Baths

2,948 SqFt

Status Active

MLS # 6774164

Property Type Single Family Residence

Price Type --

This delightful single-level home is ready for its next owner! Featuring a low-maintenance landscape and a welcoming front patio, it's perfect for easy living. Inside, the bright and inviting living/dining area offers neutral flooring and a soft color palette, ideal for entertaining. The kitchen is a chef's dream, complete with ample cabinets with crown molding, a pantry, and plenty of counter space for all your cooking needs. With 7 comfortable bedrooms, there's plenty of space for everyone to unwind. The home is also equipped with smoke detectors and fire sprinklers for added safety or group home use. Step outside to a covered patio where you can take in the clear blue skies. The expansive backyard, complete with a pergola and paved area is perfect for hosting gatherings

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6 Acr 3125 -- Vernon, AZ 85940

$525,000

4 Beds

3 Baths

1,920 SqFt

Status Active

MLS # 6787227

Property Type Manufactured Home

Price Type --

Expansive 1.49 acre lot with a huge, detached garage and tons of potential! This 4bed/3 bath home features a spacious family room and two enclosed patios providing plenty of living space for every member of the family. Two master bedrooms each with an en-suite bathroom offer comfortable multi-generational living or guest quarters. Laminate flooring throughout makes quick work of daily chores so you can spend more time on the things that truly matter. In addition to the main house and attached garage, this property features an oversized, detached garage and workshop complete with heat, electricity, and water providing the blank slate to accommodate any of your needs! You don't want to miss this one!

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9561 Caballero Loop Hereford, AZ 85615

$525,000

4 Beds

3 Baths

2,510 SqFt

Status Active Under Contract

MLS # 6745879

Property Type Single Family Residence

Price Type --

Brand new construction located in the gorgeous newer subdivision of Rancho Arizona with unobstructed mountain views to the east and the west. Enjoy calling this property home with its 4 bedrooms and 3 bathrooms. Enjoy your time at home or entertaining with a spacious great room, dining area, and amazing kitchen complete with wall oven, gas cook range, island and granite counters. Be the first to call this one HOME!

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4792 E Powell Lake Road Topock, AZ 86436

$525,000

3 Beds

2 Baths

1,388 SqFt

Status Active

MLS # 6792901

Property Type Single Family Residence

Price Type --

This house is brand new. NO HOA! Lots of upgrades. radiant barrier plywood for the roof , cement tile roof, double layered roof paper, tile flooring & bathrooms, walk in master shower, stainless appliances, big ceiling fans with remotes. wifi thermometer. Boat deep garage! The garage is 25w x 30 deep 12' tall, door is 10' tall x 16' wide & 50 Amp, Sewer and Water hookup on exterior, garage side for RV hookups as well!

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Phoenix AZ 85037

$525,000

4 Beds

3 Baths

2,551 SqFt

Status Active

MLS # 6718696

Property Type Single Family Residence

Price Type --

BEAUTIFUL 4 BEDROOM, 3 BATHROOM HOME, WHITE KITCHEN CABINETS WITH GORGEOUS GRANITE COUNTERTOPS. BUILD IN ENTERTAINMENT UNIT WITH FIREPLACE. UPSTAIRS OVERSIZED MASTER BEDROOM WITH WALK OUT BALCONY. OUTDOOR BEAUTIFUL POOL WITH GAZEBO'S WATERFALL. PERFECT BACK YARD OASIS FOR ENTERTAINMENT & FOR YOU TO ENJOY. GREAT LOCATION CLOSE TO WESTGATE NEIGHBORHOOD, FREEWAY ACCESS AND CARDINALS STADIUM. MUST SEE!!!

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5404 W Walatowa Street Laveen, AZ 85339

$525,000

4 Beds

3 Baths

2,216 SqFt

Status Active

MLS # 6730594

Property Type Single Family Residence

Price Type --

PRICE REDUCED! This beautiful home is a 2023-built home nestled on a corner lot in the desirable community of Tierra Montana. Inside, you'll find a soft, modern color palette, wood-look flooring, and a spacious, bright, and airy great room floor plan designed for entertaining. It also features a formal dining area for gourmet meals and a versatile den ideal for a home office or extra living space. The kitchen is a chef's delight, equipped with stainless steel appliances, a wall oven, expresso-stained cabinets, quartz counters, and a center island with pendant lights over the breakfast bar. Relax in the main suite, complete with a private bathroom that includes dual sinks, a garden tub, and a walk-in closet. Step outside to a landscaped, serene backyard with a covered patio, artificial turf, and a paver patio perfect for enjoyable barbecues. The home has all appliances, including a washer, dryer, and insulated garage, and the owners did $60,000 worth of upgrades at build time. This gem is minutes from Carver & South Mountain; enjoy hiking, biking, and trails, and soak in breathtaking mountain views. This is a beautiful must-see home!

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11300 N Casa Dega Drive Unit 1043 Surprise, AZ 85388

$525,000

3 Beds

3 Baths

2,043 SqFt

Status Active

MLS # 6785177

Property Type Apartment

Price Type --

Experience contemporary design in a versatile living space with this move-in ready Villa. This Residence Nine floorplan is located right next to the clubhouse that includes activities such as golf, pools, sport courts, professional spa, and an on-site restaurant and bars. A welcoming entrance offers views of the home's distinct tile floors and luxurious finishes with stairs that lead to the rest of the Villa. Located just off the kitchen, the formal dining room presents an elegant ambience with beautiful accents. Overlooking the desirable great room and both covered patios is the well-equipped kitchen, enhanced by a divine center island and wraparound counters. The primary bathroom suite is tucked away for a more intimate, private setting with its own entry to the covered deck.

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42201 W Rummy Road Maricopa, AZ 85138

$525,000

3 Beds

2 Baths

2,045 SqFt

Status Active

MLS # 6763092

Property Type Single Family Residence

Price Type --

Immaculate Waterfront Home, Fully Furnished in the Award Winning Active Adult Community of Province. Pride of ownership is eminent upon entry of this gorgeous home. Luxurious cherry bordeaux cabinets throughout with 14' ceilings at the great room and a spectacular backyard with an extended paver patio with pergola, putting green and a walk way down to the lake perfect for enjoying those gorgeous Arizona sunsets. Brand new HVAC system just installed this year including a 10 year warranty. The kitchen has rich granite countertops, black appliances with a newer stainless steel fridge and a gas range. Split floor plan with a spacious owner's suite including a bay window in the bedroom and his and her vanities in the bathroom with a nice size shower and walk in closet. Extended 4' garage extension with built in cabinets and a workbench. Additional features in this beautiful home include: a whole house water filtration system with soft water and RO system, upgraded lighting and plumbing fixtures throughout, ceiling fans and window coverings. Front paver courtyard provides another wonderful outdoor living space. The home also includes spray foam insulation and dual pane Low E windows. The home is also fully furnished including all accessories, dishes, pots and pans, linens and miscellaneous garage items. Bring your clothes and a toothbrush and Start Living the GOOD LIFE!

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4020 N 371st Avenue Tonopah, AZ 85354

$525,000

3 Beds

2 Baths

1,430 SqFt

Status Active

MLS # 6789272

Property Type Manufactured Home

Price Type --

Welcome to this 2.5-acre horse property in Tonopah, where stunning mountain views and unparalleled equestrian amenities await. The 3-bedroom, 2-bath home offers a split floorplan with abundant natural light, a new AC unit, a new garage door, and Wi-Fi-controlled exterior lighting. Outdoors, this property is designed for horse enthusiasts, featuring 6 covered stalls, 1 fully enclosed stall, 2 lighted arenas, a 12'x12' tack room with power and AC, 10 strategically placed water spigots, a private well with a new pump, an oversized 2-car garage with a 220-amp outlet, a large storage shed, a fully fenced yard, and an RV/trailer gate. The home is move-in ready with thoughtful upgrades and a neutral color palette perfect for personal touches. The property's horse amenities are a standout: covered and enclosed stalls provide optimal shelter, and two arenas with lighting make evening rides and training seamless. The tack room is air-conditioned and powered, offering convenience, while the well with a new pump ensures reliable water supply. The oversized garage with a welding-capable outlet and the RV/trailer gate add versatility to this fully fenced property. Whether you're a seasoned rider or looking to create your dream equestrian setup, this property has it all. There are too many features of this property to list- Come see for yourself!

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5517 W Stargazer Place Laveen, AZ 85339

$525,000

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6783018

Property Type Single Family Residence

Price Type --

**Welcome Home!** ALL OFFERS WILL BE CONSIDERED. Experience modern comfort and style in this spacious 4-bedroom, 3-bathroom home, complete with a versatile den and a 3-bay tandem garage, thoughtfully designed to fit today's lifestyle. The flexible floor plan is perfect for a teen retreat or multi-generational living. The open-concept design highlights a luxurious master suite and a gourmet kitchen equipped with stainless steel gas appliances, stunning quartz countertops, and elegant shaker-style cabinets in White and Silver Gray, seamlessly carried throughout the home. This energy-efficient home meets *Energy Star* standards, combining style and sustainability. Enjoy ceiling fans in every bedroom, the great room, and the den. The upgraded carpet with premium padding in the bedrooms complements the sleek wood-look tile flooring found throughout the main living areas. The beautifully landscaped north-facing lot includes a lush lawn and a spacious covered patio. Oversized four-panel glass patio doors open to the backyard, where you'll find fresh pavers, a sidewalk, and grass re-seeded for a vibrant winter lawn. Take in breathtaking views of South Mountain and the Estrella Mountains from your own outdoor oasis. Freshly painted and meticulously maintained, this home is ready to impress and welcome its new owners!

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24702 W Red Robin Drive Wittmann, AZ 85361

$525,000

3 Beds

2 Baths

1,660 SqFt

Status Active

MLS # 6736093

Property Type Single Family Residence

Price Type --

Enjoy country style living in this 3 bedroom, 2 bathroom horse property set on over an acre of land. No HOA, RV gate and plenty of room for all your toys and to grow your own garden, have a pool or whatever else you desire. Easy maintenance front yard with gravel and lots of trees. The back yard is fully walled and includes horse stables and arena, plus covered patio and firepit. Beautiful courtyard entry. Great room floor plan with eating area with bay window and kitchen with plenty of cabinets, pantry and breakfast bar, fridge is also included. Owner's suite features full bathroom with separate tub and shower and dual sinks. Other features: tiled floors in living areas, ceiling fans, window coverings, sunscreens. New AC 2022. 3 car garage. More photos to follow once some repairs have been completed. Don't miss this opportunity to create your own oasis in the desert.

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3746 W Marshall Avenue Phoenix, AZ 85019

$525,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6715643

Property Type Single Family Residence

Price Type --

Just minutes from Grand Canyon University and the I-17, this fully renovated Phoenix home offers modern living at its finest. Recently updated inside and out, featuring fresh landscaping and a backyard putting green for entertainment. Enjoy a brand new kitchen with stainless steel appliances, including a wine cooler. All-new flooring, exterior stucco, lighting features, and a spacious walk-in closet complete this stylish retreat. No detail overlooked in this meticulously updated home. Make it yours today!

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