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

17730 W Redwood Lane Goodyear, AZ 85338

$525,000

2 Beds

2.5 Baths

2,323 SqFt

Status Active

MLS # 6707949

Property Type Single Family Residence

Price Type --

!! FOR RENT AS WELL !! REDUCED for a QUICK SALE!! Indulge in luxury with this exquisite 2 bed, 2.5 bath retreat in the esteemed CantaMia community at Estrella Mountain Ranch. Upon entry, be captivated by a charming courtyard, hinting at the elegance within. The seamless open concept floor plan features a spacious great room, upgraded kitchen, custom shutters and an enchanting outdoor oasis for stylish entertaining or serene relaxation.Enjoy a life of leisure with low-maintenance landscaping, leaving ample time to explore the resort-style amenities of CantaMia. Dive into the Village Center's offerings, including a fitness center, indoor/outdoor pools, and rejuvenating spa Nearby, discover tennis courts, pickle-ball, bocce ball, and more for active pursuits. Outside the community, relish access to the prestigious Starpointe Residents Club and championship golf courses, ensuring endless excitement and relaxation. Freshly painted in spring 2023, this home epitomizes turnkey luxury, awaiting its fortunate new owners. Don't miss the chance to experience the pinnacle of Arizona living - schedule your showing today! Agents see listing tab for details on assumable loan.

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940 N Bison Golf Court Show Low, AZ 85901

$525,000

3 Beds

2 Baths

1,575 SqFt

Status Active

MLS # 6714740

Property Type Single Family Residence

Price Type --

Beautiful 3-Bedroom, 2-Bathroom Home on Golf Course in Gated White Mountains Community Welcome to your dream home in the heart of the White Mountains! This residence is nestled within a secure, gated community and sits directly on a beautifully manicured golf course. The open-concept living area is filled with natural light and features a cozy fireplace, perfect for relaxing evenings. The master bedroom offers a peaceful retreat with an en-suite bathroom. Step outside to your private deck where you can enjoy tranquil views of the lush golf course, perfect for morning coffee or entertaining guests. Situated in the White Mountains, you'll have easy access to outdoor activities such as hiking, skiing, and golfing, as well as local dining and shopping! Home may come partially furnished too!

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2937 Ransack Road Overgaard, AZ 85933

$525,000

2 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6721710

Property Type Single Family Residence

Price Type --

Beautiful one owner 2 BR/ 2BA 2074 SqFt custom home on a nicely treed 0.67-acre homesite in Forest Trails. This amazing home features a large great room with a fireplace, built in shelving, Spanish style archways, tiled flooring, ceiling fans, a chef's gourmet kitchen with plenty of cabinetry and double oven, a spacious laundry room, a den/office off of the kitchen with a private entrance/exit .and a very large loft. The master bedroom is upstairs with an ensuite master bath and a private balcony. The exterior boasts low maintenance siding, rock accents, a large 2 car garage and a circular drive. In this serene idyllic retreat, every corner is well thought out in the spirit of relaxation and comfort making the perfect escape from the valley summer temperatures!

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3621 E Meadow Mist Lane San Tan Valley, AZ 85140

$525,000

5 Beds

3 Baths

3,044 SqFt

Status Active

MLS # 6726781

Property Type Single Family Residence

Price Type --

Spacious home with an assumable mortgage at 3.25%!!!- ask for details! This popular split floor plan is in the quiet Castlegate community. Mature landscaping, vaulted ceilings, large master bedroom suite, with walk in closet, soaking tub, separate shower and his and her double sinks. Large open kitchen with huge island, stainless steal appliances and granite countertops. Front room can easily be converted into an in law suite for multi generational living. Plenty of room for the family, north south exposure with grassy back yard, covered patio and above ground spa. Plenty of storage throughout the home with a walk in pantry, and a large laundry room with room for 2 refrigerators. Priced below comps and ready for you to make it your own.

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2944 N Meadow Lane Avondale, AZ 85392

$525,000

5 Beds

3.5 Baths

3,630 SqFt

Status Active

MLS # 6741750

Property Type Single Family Residence

Price Type --

Garden Lakes Basement Home!! Discover your next home in the Garden Lakes community of Avondale, AZ. A true oasis in the desert landscape, Garden Lakes offers its residents the opportunity to boat, fish or just take in the view. This two-story residence with a basement boasts 5 bedrooms, 3.5 baths, and a 3-car tandem garage, situated on a desirable corner lot. With over 3000 sq. ft. of living space, the interior features granite countertops, a primary suite on the main floor with a Jacuzzi tub, and a wet bar in the basement. Recent upgrades include a new roll comp patio roof, newer tile roof with warranty, exterior paint, and AC units all replaced within the last 5 years. Ideally located near I-10 and 101 freeways, this home offers space, comfort, and convenience.

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7351 W Palo Brea Lane Peoria, AZ 85383

$525,000

3 Beds

2.5 Baths

2,519 SqFt

Status Active

MLS # 6738686

Property Type Single Family Residence

Price Type --

This charming two-story home in the gated Sonoran Mountain Ranch community offers a blend of comfort and convenience. It features three spacious bedrooms, 2.5 baths, and a dedicated office/den for work or study. The oversized loft area provides additional flexible living space. The living room showcases elegant stonework, while the kitchen boasts a large island with granite countertops and a stylish backsplash. Enjoy beautiful mountain views and easy access to the community pool, enhancing your lifestyle in this desirable location.

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702 Mule Springs Trail Forest Lakes, AZ 85931

$525,000

2 Beds

2 Baths

1,164 SqFt

Status Active

MLS # 6741742

Property Type Single Family Residence

Price Type --

Cabin living at its best! Enjoy watching wild horses and other wildlife from your covered porch as you view the beautiful national forest adjacent to your property. This 2-bedroom, 1-1/2 bath home has an additional sleeping space in the loft for your extended family to visit. The loft also provides a cozy den/office space for your relaxation. Woodstove heating plus electric baseboard heat in bedrooms. Most of the furnishings can convey by separate agreement. The huge carport and porch provide an additional approx.1000 square feet of covered outdoor living. The 1.16 acre lot and large shed provide lots of space for all your tools and toys. Forest Lakes is at 7500' elevation in tall pine country where the temperatures are typically about 30 degrees cooler than the Phoenix valley.

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670 Daniel Place Prescott, AZ 86303

$525,000

3 Beds

2.5 Baths

1,909 SqFt

Status Active

MLS # 6745278

Property Type Single Family Residence

Price Type --

Welcome to this barely lived in home! Just 1.2 miles from Prescott's iconic Courthouse Square and its vibrant monthly events. Nestled on a peaceful cul-de-sac, this well-built gem offers an elevated 'forever' view, with your backyard opening to the serene 80-acre Acker Park. Enjoy easy access to hiking trails, lush vegetation, and an amphitheater, all with the majestic Granite Mountain and Thumb Butte Mountain as your backdrop. A brand-new roof was installed in JUNE 2024, ensuring lasting quality and peace of mind. With no HOA, you'll also appreciate the convenience of an attached oversized garage ''perfect'' for extra storage or a workshop. The MASSIVE unfinished basement is a blank canvas, ready for your creative touch. Whether you seek a tranquil retreat with EXPANSIVE, PANORAMIC...... VIEWS, allowing you to OPEN all windows and doors on the multi-tied balconies to enjoy indoor/outdoor living, then this standout home is your dream home. Imagine yourself enjoying all 4 Seasons of Prescott, with starlit nights, and refreshing breezes from either of the two balconies. This home truly has it all!

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1579 N Himosa Drive Casa Grande, AZ 85122

$525,000

3 Beds

2.5 Baths

2,341 SqFt

Status Active

MLS # 6757321

Property Type Single Family Residence

Price Type --

This semi custom, gorgeous home located in the heart of Casa Grande is every entertainer's dream! This beauty provides 3 bedrooms and a perfect 4th bonus room and 3 car garage. The energy efficient windows, 10 ft ceilings and high end features will definitely leave you in awe. The kitchen is delightful, boasting granite counter tops, a large island, gas stove, and a charming bar. The walk in pantry is absolutely massive. This open concept design with double sliding patio doors definitely kicks it up another notch. Walk into your grand master ensuite and you will find a large bedroom, stunning bathroom with an exquisite shower, dual sinks, and an enormous closet. The perfectly appointed covered patio looks out onto a blank canvas ready for your creation. Fall in love with this beauty today

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17227 E Rand Drive Fountain Hills, AZ 85268

$525,000

3 Beds

2 Baths

1,893 SqFt

Status Active

MLS # 6764201

Property Type Twin Home

Price Type --

Introducing an enchanting single-level townhome situated on a coveted corner lo and NO HOA DUES! This gem offers a desert front yard, a 2-car garage, and an extended driveway. Discover an inviting living/dining room featuring vaulted ceilings, wood-style vinyl flooring, designer's paint, and a brick-wall fireplace. The kitchen is a homemaker's delight, equipped with quartz counters and white cabinetry complemented by a honeycomb tile backsplash. Bright breakfast nook for casual dining. Retreat to the main suite, offering two closets, a sitting room, a private bathroom, and multiple exits. The AZ room is excellent for year-round entertainment. Forget about the hot weather and plunge into the refreshing pool in the large backyard with palm trees, a pergola, and dreamy mountain views.

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15151 N Frank Lloyd Wright Boulevard Unit 1076 Scottsdale, AZ 85260

$525,000

3 Beds

2 Baths

1,500 SqFt

Status Active

MLS # 6763129

Property Type Apartment

Price Type --

Welcome to this impeccable modern first-floor, 3-bedroom, 2-bath condo, nestled in a highly desirable, tranquil, gated community. This home boasts a spacious living/dining room, a remodeled kitchen with sleek stone countertops, stainless steel appliances, modern cabinetry and more updates, Both the primary ensuite and guest bath have been tastefully updated, featuring contemporary luxurious finishes and fixtures. This condo features a rare coveted enclosed Arizona room for relaxing or entertaining year-round. A perfect blend of contemporary style and function. Head outside to enjoy the community's resort-like amenities steps away, including 4 sparkling pools, 5 spas, a tennis court, and beautifully landscaped grounds. Nature enthusiasts will love the biking and walking trails that wind through the area, offering endless outdoor adventures. Walkable to top restaurants and shopping and easy access to the 101.

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1291 S Ponderosa Drive Gilbert, AZ 85296

$525,000

4 Beds

2 Baths

1,888 SqFt

Status Active

MLS # 6768754

Property Type Single Family Residence

Price Type --

Welcome home to Higley Park in one of the valleys best communities of Gilbert. OWNED SOLAR! This move in ready 4 Bedroom 2 Bathroom home features a formal living and dining room, open concept family room and kitchen, and split floor plan. Stainless steel appliances in the kitchen, tons of cabinet space, large primary bedroom, and a private low maintenance backyard. Higley Park is a great community featuring plenty of green space, playgrounds, and conveniently located next to restaurants, schools, and the 202.

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