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.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

13066 W Steed Ridge Peoria, AZ 85383

Open House

$525,000

2 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6776076

Property Type Single Family Residence

Price Type --

Welcome to this exceptionally well-maintained home in the sought- after Vistancia Adult Community! This immaculate property boasts an inviting open floor plan, featuring a surround sound system, a cozy gas fireplace, and seamless integration with the kitchen area. The kitchen is a chef's delight, equipped with stunning granite countertops, cherry cabinets, a walk-in pantry, and newer appliances, including a refrigerator, dishwasher, and osmosis water system. The primary bedroom is generously sized with elegant wood tile floors, a spacious en-suite bathroom, and a walk-in closet complete with built- in cabinets and a heat lamp. Step outside to a peaceful, private backyard that's easy to maintain, perfect for relaxing or entertaining. A bonus, new washer & dryer are included.

View Property

4561 E Westchester Drive Chandler, AZ 85249

Open House

$525,000

4 Beds

2 Baths

2,082 SqFt

Status Active

MLS # 6755496

Property Type Single Family Residence

Price Type --

Gorgeous single-level home in Sun Groves! Attractive curb appeal and conveniently located near parks, schools, and shopping. Excellent floorplan with guest/kids bedrooms in one hallway split from the primary bedroom. Large open kitchen/family room ensures the cook won't miss any action at family gatherings. Living/dining room in the front of the home gives another option for entertaining space. Kitchen features include island, built-in microwave, plenty of cabinets, and walk-in pantry. Vaulted ceilings. This house boasts 4 bedrooms! Primary bedroom has suite with dual vanities and separate tub and shower. Spacious backyard, covered patio, and screen door. Tankless hot water heater, water softener, side door exit, 2 car garage. Sun Groves is known for its welcoming family-friendly atmosphere, well-maintained community playgrounds, scenic surroundings and highly-rated Chandler schools. Easy access to San Tan Mall, Gila River Resort & Casino, downtown Chandler & Gilbert. Come fall in love with this neighborhood and home!

View Property

24098 N Wheat Road Florence, AZ 85132

Open House

$525,000

3 Beds

2.5 Baths

2,407 SqFt

Status Active

MLS # 6755862

Property Type Single Family Residence

Price Type --

This stunning residence features a rare, massive RV garage and RV gate! Step into the backyard oasis where a sparkling pebble-tec pool awaits, framed by a beautiful travertine deck and a spacious covered patio—ideal for relaxing and entertaining. Inside, the modern home boasts sleek stainless steel appliances, island with elegant granite countertops, and a convenient walk-in pantry. Enjoy the vibrant community amenities including a playground, basketball court, and green spaces—perfect for fun weekends! Hurry before this opportunity is gone!

View Property

830 N Cholla Street Chandler, AZ 85224

Open House

$525,000

3 Beds

2 Baths

1,401 SqFt

Status Active

MLS # 6741500

Property Type Single Family Residence

Price Type --

Step into this beautifully updated home, where modern upgrades meet classic comfort in the desirable Anderson Springs neighborhood. With a brand-new kitchen, a breakfast bar to enjoy the view into the pool, refreshed bathrooms, and new flooring throughout, this home is move-in ready and waiting to welcome you. The heart of the home is the newly renovated kitchen, featuring freshly new cabinets that add a touch of charm. The kitchen flows seamlessly into the living and dining areas, making it the perfect space for both everyday living and entertaining. Vaulted ceilings enhance the sense of space, while the fresh interior paint throughout gives the home a bright and welcoming feel. The master suite is a true retreat, offering a spacious walk-in closet and a luxurious master bath. Unwind in the separate soaking tub, or refresh yourself in the walk-in shower. Dual sinks provide convenience and a touch of elegance. The guest bathroom is equally impressive, featuring stylish mosaic tile that adds character and a modern flair. Outside, the backyard is your personal oasis. A sparkling pool invites you to cool off on hot days, while the covered patio and charming gazebo create the perfect setting for relaxation and gatherings with friends and family. Imagine summer afternoons spent lounging by the pool or hosting barbecues under the shaded gazebo. Located in the picturesque Anderson Springs community, this home offers the best of both convenience and tranquility. Enjoy leisurely walks to the nearby lake, or take advantage of the proximity to shops, restaurants, and the grocery storeall just a short stroll away. This home truly has it all: modern updates, a prime location, and a backyard made for enjoyment. Don't miss your chance to make it your own. Over $42,000 invested into the remodel

View Property

19145 W Reade Avenue Litchfield Park, AZ 85340

$524,999

4 Beds

2 Baths

1,859 SqFt

Status Active Under Contract

MLS # 6759340

Property Type Single Family Residence

Price Type --

Imagine stepping into a home crafted for comfort and entertainment, and outside is a perfect landscape with a sparkling pool. Also OWNED SOLAR! The heart of the home is a spacious great room, seamlessly transitioning into an entertainer's dream kitchen, complete with a grand granite island and an extended bar with built-in banquet seating. Stainless steel gas appliances and a generous pantry make it perfect for hosting gatherings. French doors open to reveal a sparkling pool, embraced by a covered patio with pavers, a cozy gas firepit, and maintenance-free artificial grass. The master suite is a sanctuary of its own, boasting plank tile flooring, an oversized ensuite with a luxurious soaker tub, a large shower, and a vast walk-in closet. Growing part of the West Valley, tour it today!

View Property

2821 E Citrus Way Chandler, AZ 85286

$524,999

3 Beds

2 Baths

1,512 SqFt

Status Active Under Contract

MLS # 6787759

Property Type Single Family Residence

Price Type --

Awesome home in a gated community with standout features! Step into a welcoming foyer that leads to two bedrooms, a guest bathroom, and a laundry roomâ€''perfectly laid out for convenience. Love coffee? There's a cozy nook for a coffee bar, making mornings easier and more enjoyable. The great room is spacious enough for a large sectional, flowing seamlessly into the kitchen with a walk-in pantry, extended counter space, and additional cabinets. The dining area opens to a covered patio, ideal for entertaining or enjoying the refreshing Arizona breeze. The primary bedroom offers private access to the patio, while the bathroom boasts a dual sink vanity, tall glass-enclosed shower, and a walk-in closet that's both functional and stylish. Located close to top-notch dining, shopping, this home is all about comfort, convenience, and a touch of luxury!

View Property

26413 S Beech Creek Drive Sun Lakes, AZ 85248

$524,999

2 Beds

2.5 Baths

1,803 SqFt

Status Active

MLS # 6751112

Property Type Single Family Residence

Price Type --

MODERN amenities & exceptional energy efficiency accentuate this home w/OWNED SOLAR panels along w/a 20-YR WARRANTY making this super ENERGY-EFFICIENT. KITCHEN includes NEWER SHAKER cabinets, STYLISH backsplash, STAINLESS appliances, QUARTZ countertops, R/O & WATER SOFTENER. OPEN CONCEPT living w/ VAULTED CEILINGS. DEN/OFFICE w/ quaint, ATRIUM garden window. Guest bedroom is an ENSUITE + home has an extra POWDER RM-all 3 baths remodeled! CUSTOM front door & sparkling PEBBLE TEC POOL equipped w/NEW pop ups & PUMP. The backyard has ARTIFICIAL TURF for easy maintenance. NEW water heater & fresh exterior paint make this one a winner...all in this 40 & over ACTIVE ADULT COMMUNITY w/tons of AMENITIES, golf, PICKLEBALL, clubs, EVENTS, RESTAURANTS & FREE membership to the NEW FITNESS CENTER!!!

View Property

40259 W Michaels Drive Maricopa, AZ 85138

$524,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6600185

Property Type Single Family Residence

Price Type --

Maricopa Luxury! Tray ceilings at the extended entry, huge great room, breakfast nook, large gourmet kitchen w/ quartz counters, backsplash, upgraded cabinets and 12' center meet doors to the extended patio. The owner's suite is adjacent,and boasts a generous walk-in closet and large tiled walk-in shower with rain shower head. Two additional bedrooms flank a full bath. Home also has a private study with tray ceilings and powder room nearby.

View Property

18628 E Panchito Drive Gold Canyon, AZ 85118

$524,995

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6780090

Property Type Single Family Residence

Price Type --

This one-story home RV Garage features 1,910 sqft. 3 bed 2 bath and a flex space. This home has a tiled shower at owners bath. South facing front. Quartz Kitchen, tile backsplash in kitchen. Entrada Del Oro in Gold Canyon, AZ, offers a variety of floor plans in a scenic location near the Superstition Mountains, off US-60 and El Camino Viejo. The community is known for its picturesque open spaces and walking trails, and it is part of the Apache Junction Unified District for schooling.

View Property

18711 E Panchito Drive Gold Canyon, AZ 85118

$524,995

4 Beds

2.5 Baths

2,110 SqFt

Status Active

MLS # 6782993

Property Type Single Family Residence

Price Type --

Welcome to the Zinc Plan in Entrada Del Oro II, Gold Canyon! This spacious 2-story, RV- home with 4 bedrooms and 2,5 baths, with the master suite and laundry conveniently located on the main floor. Designed for comfort and functionality, this home is perfect for those seeking extra space and easy access to outdoor adventures near the Superstition Mountains.

View Property

35789 N Zinc Drive San Tan Valley, AZ 85144

Open House

$524,995

4 Beds

3 Baths

1,991 SqFt

Status Active

MLS # 6686649

Property Type Single Family Residence

Price Type --

Experience single-level living at its finest in this beautifully designed move-in ready home! The open-concept floor plan seamlessly connects the beautiful kitchen to the main living area, providing easy access to the outdoor patio. Versatile flex space on the first floor can serve as an office or yoga room—perfect for your lifestyle. Enjoy designer finishes throughout, including gorgeous marble kitchen countertops, a stylish tile backsplash, and upgraded Whirlpool appliances. Flooring features a mix of tile, carpet, and LVP for both beauty and durability. The primary bathroom is a true retreat with a tile surround, dual-sink vanity, polished chrome fixtures, and elegant tile flooring. Explore pristine walking and biking trails that showcase everything this vibrant community has to offer

View Property

16423 W Avenida Del Sol -- Surprise, AZ 85387

$524,995

3 Beds

2.5 Baths

2,400 SqFt

Status Active

MLS # 6700766

Property Type Single Family Residence

Price Type --

Beautiful Included features - Celeste Floor Plan: covered entry; an open dining area; study with double doors; a gourmet kitchen, quartz countertops, 42'' cabinets, stainless-steel appliances, walk-in pantry, double patio doors at nook, spacious great room; master bath with shower and tub; 3-car tandem garage. 10' ceilings and pavers at drive/walkway.

View Property