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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3708 E Sophie Lane Phoenix, AZ 85042

$525,000

3 Beds

2 Baths

1,728 SqFt

Status Active

MLS # 6772773

Property Type Single Family Residence

Price Type --

Don't miss this beautifully upgraded haven boasting amazing mountain views! Displaying a 2-car garage, paver driveway, and manicured landscape. Spacious great room sets the tone for a delightful living experience, complemented by neutral paint throughout and wood-look tile flooring in all the key areas. Upscale kitchen is equipped with a walk-in pantry, staggered cabinetry with crown moulding, recessed lighting, granite counters, a breakfast bar, and SS appliances such as a double oven & cooktop gas. Tranquility awaits in the carpeted main retreat, offering an ensuite with dual sinks and a walk-in closet. PLUS! Open den near the entrance is ideal for work or entertainment. Spend quality time with your loved ones in the large backyard featuring a covered patio and artificial turf. Butcher block counter shown in garage is not included.

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710 S Monterey Street Gilbert, AZ 85233

$525,000

3 Beds

2 Baths

1,688 SqFt

Status Active

MLS # 6761608

Property Type Single Family Residence

Price Type --

Discover your dream home in the desirable Whisper Glen Community! This charming 3-bedroom, 2-bath residence is perfectly situated on a corner lot, offering both privacy and curb appeal. Step inside to an inviting open floorplan featuring a spacious family room and a formal dining area, ideal for entertaining. The kitchen boasts a breakfast bar, ample counter space, and plenty of cabinets for all your storage needs. Retreat to the large main bedroom, complete with a separate tub and shower for ultimate relaxation. Enjoy outdoor living on the covered patio, surrounded by mature landscaping in both the front and backyard. Vaulted ceilings add an airy, expansive feel to this already stunning home. Don't miss out on this exceptional opportunity!

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7931 E San Miguel Avenue Scottsdale, AZ 85250

$525,000

3 Beds

2.5 Baths

1,673 SqFt

Status Active

MLS # 6778857

Property Type Townhouse

Price Type --

Welcome to this beautifully updated 3-floor townhouse featuring 3 bedrooms, 2.5 bathrooms, and a modern kitchen complete with quartz countertops, crisp white cabinets, and unique ''blue jean tile'' flooring. This home offers an open-concept layout flooded with natural light, creating a warm and inviting atmosphere. The primary bedroom comfortably accommodates a king-size bed, with an ensuite bathroom offering double sinks, a tiled shower, and an elegant tile flooring. Enjoy efficient comfort with a Trane HVAC system installed in 2020. Includes two covered carport spaces, an outside storage unit, and all appliances, including a washer and dryer. Community Perks: The HOA covers building and landscape maintenance, allowing you more time to enjoy the heated pool and spa. The community is conveniently located near a dog park, Chaparral Park, scenic bike and walking trails, and provides easy access to nearby amenities. Don't miss the chance to experience this remarkable home.

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18514 W Statler Street Surprise, AZ 85388

$525,000

3 Beds

2 Baths

2,245 SqFt

Status Active

MLS # 6767579

Property Type Single Family Residence

Price Type --

Beautiful home in Surprise Farms awaits you! Nestled on a corner lot, it boasts 3 beds, 2 baths, 3-car tandem garage, and a desert landscape. Fabulous interior showcases designer paint, plantation shutters, and neutral & wood-look tile flooring in all the right places. If entertaining is on your mind, you'll LOVE the spacious great room paired with surround sound & sliding doors to the back! The impressive kitchen has SS appliances, granite counters, a tile backsplash, a walk-in pantry, recessed & pendant lighting, ample wood cabinetry, and a peninsula w/breakfast bar. Enter the main bedroom to find an ensuite with dual sinks, separate tub/shower, & a walk-in closet. One other bedroom w/a Murphy bed & built-in desk. Outback, you have a firepit, covered patio, & well-laid pavers. Just WOW!

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15741 W Piccadilly Road Goodyear, AZ 85395

$525,000

2 Beds

2 Baths

1,914 SqFt

Status Active

MLS # 6769807

Property Type Single Family Residence

Price Type --

Welcome to your perfect retirement haven in PebbleCreek! This beautiful Topaz model has 2-bedroom home displays a great curb appeal highlighted by a 2-car garage, a front porch, & a desert front yard w/artificial turf. Home exudes elegance with plantation shutters, vaulted ceilings, tons of natural light, chic light fixtures, and wood-look tile flooring. You'll love the formal living & dining room w/fireplace and the inviting family room w/sliding doors to the back! The impressive kitchen boasts SS appliances, granite counters, mosaic tile backsplash, ample wood cabinets, a breakfast bar, and a cozy nook. Large main bedroom has outdoor access and an ensuite w/dual sinks & a walk-in closet. Laundry room w/built-in desk & cabinetry. Relax under the covered patio of your tranquil backyard

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3928 S Greythorne Way Chandler, AZ 85248

$525,000

3 Beds

2.5 Baths

2,137 SqFt

Status Active

MLS # 6779651

Property Type Single Family Residence

Price Type --

2 new AC units & a new roof! This home located in a quiet water surrounded gated community in the heart of chandler has all of the big ticket items take care of for you. A spacious open floor plan for entertaining leads right outside to your own private putting course. With this home just being minutes from the I-10, 202, & 101 freeways you wont find a more pristine location. Come and check it out today!

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21181 E Estrella Road Queen Creek, AZ 85142

$525,000

4 Beds

3 Baths

1,944 SqFt

Status Active

MLS # 6776154

Property Type Single Family Residence

Price Type --

This is the property you have been waiting for! Step inside to see the natural light pour through this home. You will be in awe of the gorgeous natural wood tone luxury vinyl flooring that leads to the stylish open living spaces. This home has thoughtful design and beautiful features in every corner. The kitchen is a dream with white cabinets, stainless steel appliances, and contemporary pendant lights over the island. The perfect blend of style and comfort. With 4-bedrooms and 3 baths this home is a desirable split floor plan and perfect use of space. Enjoy the Arizona evenings in your backyard w/natural grass, and timed drip system for plants. Near Ellsworth and Rittenhouse which is a great location with easy access to all Queen Creek has to offer.

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3738 N Apache Trail Pine, AZ 85544

$525,000

3 Beds

2 Baths

1,452 SqFt

Status Active

MLS # 6776356

Property Type Single Family Residence

Price Type --

Your Peaceful Mountain Retreat! Nestled among the towering pines on a quiet corner lot in the Cool Pines neighborhood , this beautifully crafted 3-bedroom, 2-bath home offers the perfect blend of rustic charm and modern comfort. With knotty pine walls, ceiling beams and a stunning rock accent wall, this two-story retreat welcomes you with warm, inviting interiors boasting both a woodstove and gas fireplace on the main floor. The master suite is conveniently located on the main level, providing easy access to the heart of the home. An additional private guest bedroom and newly renovated office/den are also on the main floor. Walk into the main level bathroom, located centrally in the home and experience its cedar lined walls, walk-in tiled shower and beautiful wooden vanity . Enjoy cooking in the large stylish kitchen featuring granite countertops, stainless steel appliances, and custom hickory cabinets. The spacious living areas are enhanced by slate floors and both a cozy woodstove and a gas fireplace, perfect for those chilly mountain evenings. There are two living spaces on the main level. The upstairs loft has an additional bedroom, with half bath that offers space for guests or family with a bed and sleeper couch. All furniture in the upstairs area will convey at no additional cost if buyer wishes. Step outside to the large deck and take in the serene surroundings - ideal for outdoor dining or simply soaking in the tranquility overlooking a vacant lot. Located on a paved road. allows for a peaceful and secluded feel. A new septic tank installed 2023, plus 3 new mini-split systems installed in July 2024 and new ceiling fans were installed in 2023.

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8010 W Adam Avenue Peoria, AZ 85382

$525,000

4 Beds

2 Baths

1,748 SqFt

Status Active

MLS # 6774012

Property Type Single Family Residence

Price Type --

Beautiful single story pool home is light and bright.. Split bedroom floorplan with separate family room and formal living/dining room. Den is bright and open, w/ French doors leading out to front patio. Jack & Jill bath connected to the other 2 bedrooms. Relax in your sparkling pool and resort like backyard. See the recent updated items list in listing.

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19922 W Exeter Boulevard Litchfield Park, AZ 85340

$525,000

3 Beds

3 Baths

2,199 SqFt

Status Active

MLS # 6775026

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This beautifully designed 3-bedroom, 3 bathroom residence, complete with a versatile FLEX room, offers 2,199 sq ft of luxurious living space. Perfectly situated in the desirable Verrado East community, this home boasts tile flooring in all the main areas, enhancing both style and durability. Step into the gourmet kitchen, featuring upgraded fixtures and ample counter space, perfect for culinary enthusiasts. The open-concept layout seamlessly connects the kitchen to the spacious living and dining areas, making it ideal for entertaining or relaxing with family. The backyard is a true oasis, providing private retreat with very low maintenance. Enjoy leisurely afternoons on your own putting green. This is your chance to own in Verrado East, fully move in ready!

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10856 W Marshall Avenue Phoenix, AZ 85037

$525,000

4 Beds

2.5 Baths

2,754 SqFt

Status Active

MLS # 6775838

Property Type Single Family Residence

Price Type --

Home, sweet home! This beautiful 4 bed, 2.5 bath residence in Vista Diamanete is looking for its new owners! Charming curb appeal, a low-care front yard, and a 2 car garage are just the beginning. Inside you will find a sizeable living area and formal dining room w/elegant wood-look flooring and soft carpet in all the right places. The gorgeous kitchen is comprised of wood cabinetry w/crown moulding, a walk-in pantry, granite counters, pendant lighting, and an island complete w/a breakfast bar. Upstairs is a sizeable loft, as well as the primary bedroom, featuring a walk-in closet and a full ensuite w/dual sinks. Don't forget about the cozy den, ideal for an office! Also including a large backyard w/a covered patio and lush natural turf, this home simply has it all! Don't miss out!

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4613 E Briarwood Terrace Phoenix, AZ 85048

$525,000

3 Beds

2.5 Baths

1,734 SqFt

Status Active

MLS # 6776431

Property Type Single Family Residence

Price Type --

Fabulous corner lot property is the one for you! Fantastic location near parks, schools & shopping. Discover the wonderful wood flooring, stunning vaulted ceilings, & delightful light fixtures. The comfortable living/dining room, with large windows, is ideal for receiving guests. The spacious great room enjoys tile flooring, backyard access, & an inviting fireplace. The kitchen features stylish cabinets w/crown moldings, granite counters, & built-in appliances. Upstairs, the main bedroom guarantees restful nights & amazing comfort w/its large picture window & sophisticated ensuite. Host a wonderful gathering in the backyard, & let your company enjoy the relaxing covered patio, stone seating areas, & refreshing swimming pool w/a stone waterfall. Don't miss it!

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