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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9213 W Melinda Lane Peoria, AZ 85382

$525,000

3 Beds

2 Baths

2,166 SqFt

Status Active Under Contract

MLS # 6780530

Property Type Single Family Residence

Price Type --

Welcome to this 3 bedroom 2 bathroom Peoria home nestled in the desirable Dove Valley Ranch community. Gorgeous curb appeal: charming stone veneer with three car garage leads you into the light and bright interior featuring a spacious open floor-plan. Large kitchen boasts an abundance of updated cabinets, stainless steel appliances and a breakfast bar. Huge master with soaring ceilings, a walk in closet and an en suite complete with dual sinks, a soaking tub and separate shower. New HVAC 2 years ago. A perfect place to relax after a long day. Step out on to your covered south facing patio and enjoy the large yard with built in BBQ. Great location close to schools, parks, hiking trails, bike paths, shopping, and restaurants. Do not wait to make this your Dream Come True Home!

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15419 W White Horse Drive Sun City West, AZ 85375

$525,000

2 Beds

2.5 Baths

1,825 SqFt

Status Active Under Contract

MLS # 6776786

Property Type Single Family Residence

Price Type --

This highly desirable Ventana floorplan offers a stunning backyard oasis with a solar-heated pool, water feature, and in-floor cleaning system. The expanded patio with pergola is perfect for entertaining, surrounded by lush landscaping, mature palm trees, and an orange tree for added charm and privacy. Step inside to find large windows framing the picturesque pool view, tile flooring throughout, and elegant shutters. Updated kitchen features a sleek Blanco sink, while the luxurious master bath boasts an oversized walk-in shower with upscale tiles. Two separate offices. Enjoy tranquil fountains in both the front courtyard and backyard. Laundry room inside. Two-car garage offering built-in cabinets, a new roof (2019), and a recently replaced air-conditioner (2020), this home has it all!

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18398 W Mercer Lane Surprise, AZ 85388

$525,000

4 Beds

3 Baths

2,387 SqFt

Status Active Under Contract

MLS # 6787385

Property Type Single Family Residence

Price Type --

Welcome to this stunning Hassayampa model, a spacious 2,387 square foot home that perfectly blends comfort and style. This beautiful property features stunning sunset views with four generously sized bedrooms, each with walk-in closets offering plenty of storage space. With three bathrooms and a versatile den, this home has all the room you need for modern living. The open-concept layout is perfect for entertaining, with a large great room, dining area, and kitchen that boasts a conversation island - ideal for casual gatherings. The kitchen is a chef's dream, featuring 42-inch upper cabinets with upgraded crown molding in a rich twilight stain, a stylish subway tile backsplash, moon white granite countertops, and sleek stainless steel appliances. Retreat to the luxurious master suite, where you'll enjoy a relaxing bay window, an expansive walk-in closet, and a spa-like bathroom with a separate tub and shower. Throughout the home, you'll find upgraded carpet in the bedrooms and beautiful 12 x 24 tile flooring in all the common areas. Additional upgrades include two-tone paint, a garage service door, pre-plumbed soft water loop, and a gas stub for your BBQ. The whole-home exhaust fan, brand new carpeting, and meticulous maintenance add to the appeal of this exceptional home. With thoughtful touches and designer finishes, this home is ready to welcome you.

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4753 E Covina Street Mesa, AZ 85205

$525,000

4 Beds

2 Baths

1,603 SqFt

Status Active Under Contract

MLS # 6780414

Property Type Single Family Residence

Price Type --

Welcome to this beautifully remodeled property! This recently updated residence boasts a 2-car garage, an RV gate, OWNED solar, and a well-maintained yard with mature date palms. You'll be delighted by the enchanting open layout with a soothing palette, recessed lighting, and stylish wood-look flooring. The spotless kitchen comes with quartz counters, 42'' white shaker cabinets with crown moulding, a tile backsplash, brand-new stainless steel appliances, a pantry, and an island with a breakfast bar for casual dining. The main bedroom includes a private bathroom with double sinks for added convenience. Enjoy stunning sunsets in the backyard, complete with a charming gazebo, a shed for added storage, and pristine artificial turf. No HOA! Make this gem yours!

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7615 N 46th Avenue Glendale, AZ 85301

$525,000

5 Beds

3 Baths

3,192 SqFt

Status Active Under Contract

MLS # 6790578

Property Type Single Family Residence

Price Type --

Don't miss out on this spacious 5 bedroom home that has been lovingly maintained by its original owner! If you are looking for a roomy home, this one has it all: 5 bedrooms, 3 bathrooms, separate formal living and dining, and an open kitchen that flows seamlessly into both the family and bonus rooms. The home features tasteful touches throughout, including a charming fireplace and tranquil atrium. Out back, stay cool under the expansive covered patio and enjoy the peace of mind of low-maintenance landscaping. Between the garage, driveway, and RV gate, there is ample parking for all of your vehicles and toys, along with tons of storage space. All this in a quiet, family-friendly Glendale neighborhood, near great schools and parks. Welcome home!

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6547 N Villa Manana Drive Phoenix, AZ 85014

$525,000

3 Beds

2 Baths

1,852 SqFt

Status Active Under Contract

MLS # 6783924

Property Type Townhouse

Price Type --

Absolutely PERFECT 3 Bedroom, 2 Bath REMODELED townhome in the highly desired Central Phoenix neighborhood of Villa de Manana in the 85014 Zip Code!! Open floor plan with great room/dining room space, BEAUTIFUL built in shelving on either side of the wood burning fireplace and STUNNING wood accented wall off the dining area...perfect for family and friends gathering. Off the family room is a AWESOME bar/game area with exposed thin brick walls reclaimed from Chicago. Large primary suite offers beautiful lighter flooring flowing seamlessly into AMAZING primary bathroom with oversized shower, dual sinks, and UNIQUE thick stone accented backsplash and custom walnut vanity. Sitting patio area off bar/game room features thin brick base with travertine tile and is a PERFECT space for hanging out enjoying the AZ weather over cocktails!! Then off the primary suite...step out into the relaxing heated spa surrounded by stone veneer walls and cedar ceiling with cut outs to hold candles for creating all the AMBIANCE needed...just exquisite!! Brand new AC unit August 2023! Wonderful cared for home to come home and relax AND located in an EXCELLENT location close to all the hot spots, restaurants, shopping, freeways...this home will not last...it's going FAST!!

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2227 E Morrow Drive Phoenix, AZ 85024

$525,000

3 Beds

2 Baths

1,638 SqFt

Status Active Under Contract

MLS # 6789250

Property Type Single Family Residence

Price Type --

Check out this ultra clean & updated single level home nestled among the hills of North Phoenix! NO HOA! This 3-bed, 2-bath, home has been thoughtfully maintained by current owners since 2001. Recent updates include: FRESHLY painted interior & exterior (2024). Remodeled kitchen & baths w/granite countertops, new cabinets (2020). New water heater (2023). New patio roof (2024). Custom wood shutters, and a low maint. backyard w/turf, pavers, plants and lighting. New garage door, tracks, and opener. Custom iron entry door and side gate. Located among the picturesque hills, it's a scenic drive into the neighborhood. Just a few minutes drive to 51 & 101 Freeways, and short distance to shopping/dining at Desert Ridge & Kierland in North Scottsdale. Paradise Valley School Dist. Plan a tour today!

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31147 N Claridge Circle San Tan Valley, AZ 85143

$525,000

3 Beds

2 Baths

1,675 SqFt

Status Active Under Contract

MLS # 6789582

Property Type Single Family Residence

Price Type --

Discover your perfect oasis on a premium oversized lot in Johnson Ranch with LAKE VIEWS! This updated 3-bed, 2-bath home is designed for modern living with an array of impressive features. Enjoy the benefits of new windows and a brand-new roof that enhance energy efficiency & curb appeal. Inside, elegant plantation shutters adorn each window, providing both privacy & style. The spacious living area boasts fresh flooring, creating a warm & inviting atmosphere. The kitchen is a chef's delight, featuring stunning granite countertops & ample storage for all your culinary needs. Step outside to your backyard paradise, complete with a resurfaced pool, new pool heater, and plenty of space for entertaining. With new AC units for optimal comfort, this home truly has it all. Your Dream Home Awaits

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411 E Palomino Way San Tan Valley, AZ 85143

New

$525,000

5 Beds

3 Baths

3,355 SqFt

Status Active

MLS # 6795006

Property Type Single Family Residence

Price Type --

This Beautifully Remodeled, 5-bed, 3-bath home in the Amenity Rich Johnson Ranch Community has everything you are looking for! Spacious, open floor plan w/ 3,355 sq ft. 2 downstairs bedrooms (one could be office or den) & bathroom w/ shower. Stunning kitchen w/ gas cooktop & large walk in pantry opens to an oversized living room w/ enough space for dining and living- perfect for entertaining! Large loft upstairs along w/ 2 large bedrooms & Primary Suite Oasis. Front yard Turf & Pavers create a High Value look w/ minimal upkeep that is continued on both sides of the property & into the backyard expanding your usable space & adding more time to Relax & Enjoy our perfect Arizona weather. Community pools & Spa, pickleball, basketball, golf, softball, tennis, fishing pond & so much more!

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9595 S Kings Ranch Road Hereford, AZ 85615

$525,000

3 Beds

2 Baths

2,682 SqFt

Status Active

MLS # 6786780

Property Type Manufactured Home

Price Type --

Calling ALL Horse Lovers, Veterinarians, Trainers, Ranchers and all animal lovers!!!! Here is an opportunity to own over 30 acres with a huge barn, mare motel, turnouts, 2 arenas, one round pen, 32 stalls, 8 extra large turnouts, fenced and cross fenced. Have a working boarding stable while living in home and make money while you sleep!! The opportunities are endless!! This property has the best views, all usable land on a paved road and so much more!!! Please see video for a full tour of this unique property!!

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5773 W Golden Lane Glendale, AZ 85302

$525,000

4 Beds

3 Baths

1,892 SqFt

Status Active

MLS # 6777487

Property Type Single Family Residence

Price Type --

Lovely ranch-style home in the desirable Randolph Ranch is ready to welcome new owners! The bright and spacious interior boasts a welcoming living and dining room adorned with tall ceilings, soothing paint, concrete/wood-style flooring, and abundant natural light. You'll love to cook your favorite dish in the kitchen, featuring SS appliances, recessed & chic light fixtures, white shaker cabinetry, an island, a pantry, and a sun-filled breakfast nook. Discover a bonus room great for a cozy family room or a media room! Double doors open to the primary bedroom, offering a full ensuite with dual sinks, a separate tub and shower, and a walk-in closet. The private backyard has a covered patio perfect for morning coffee or afternoon relaxation. With some TLC, this gem is a dream come true!

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8214 S 15th Street Phoenix, AZ 85042

New

$525,000

5 Beds

3 Baths

2,243 SqFt

Status Active

MLS # 6795990

Property Type Single Family Residence

Price Type --

Opportunity awaits on this stunning newer built home nestled into a quiet neighborhood towards the base of South Mountain. The stunning curb appeal & long meandering paver driveway leads you to the entry where you are greeted w/ stunning wood-look tile floors & soaring ceilings in main living areas with a great open concept. Other features downstairs include a gorgeous kitchen with white & grey shaker cabinets, quartz counters & high end appliances, a guest bdrm w/ adjacent bath and a laundry rm off the garage. Upstairs is 3 guest bdrms w/ stunning mountain views, guest bath and a large primary suite with a stunning bathroom w/ separate shower/tub & large walk-in closet. The beautiful backyard has a large covered patio, pavers, artificial turf, pergola w/ hot tub, fire pit & storage shed!

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