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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801 W Country Lane Payson, AZ 85541

$524,900

2 Beds

2 Baths

1,323 SqFt

Status Active

MLS # 6787233

Property Type Single Family Residence

Price Type --

Location, Location, Location. New construction, low maint, custom design w/ high quality finishes. An ideal location tucked in on a quiet street w/ walking path to Rumsey Park. Offering hiking trails, sport activities, library and a walk around neighborhood. One level, no steps, comfortable open floor plan with an abundance of natural lite. Front & rear covered patios and a peaceful ambiance. Beautiful cabinetry, LED lighting, low sheen finishes, custom tile work, large island, very energy efficient. Anderson windows, all appliance and window coverings included, custom showers w/ large format tile, European oak wide plank floors, black matt & gold hardware. Three panel solid core doors, 9' ceiling height, all electric w/ smart lighting. Seller is AZ LIC Broker

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14524 W Sentinel Drive Sun City West, AZ 85375

$524,900

2 Beds

2 Baths

2,018 SqFt

Status Active

MLS # 6789523

Property Type Single Family Residence

Price Type --

Explore your dream home in the sought-after 55+ community of Sun City West! This 2-bedroom residence offers a welcoming 2-car garage and stunning interior features, including wood-look flooring throughout, vaulted ceilings, and a spacious living room. A cozy family room invites relaxation, while the kitchen dazzles with sleek stainless steel appliances, a stylish tile backsplash, quartz counters, a tray ceiling, recessed lighting, and a breakfast bar. Main bedroom is a serene retreat with plantation shutters, a bay window, and a chic ensuite featuring dual sinks and a walk-in closet. A versatile den with dual doors makes an ideal office or extra bedroom. Outside, unwind on the covered patio in the tranquil backyard. Community boasts a refreshing pool, spa, and more. Don't miss out!

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21826 N 40th Way Phoenix, AZ 85050

$524,900

3 Beds

2.5 Baths

1,449 SqFt

Status Active Under Contract

MLS # 6789506

Property Type Single Family Residence

Price Type --

GORGEOUS CONTEMPORARY REMODELED HOME IN FIESTA AT DESERT RIDGE!! Your search is over! High-end wood look tile flooring with modern color palette. GORGEOUS Quartz Countertops, matching designer backsplash and stainless appliances, with updated fixtures and lighting. Subway tiled Primary Shower featuring modern glass enclosure and QUARTZ counters. Upstairs hall bath features modern tub/subway tile. Check out the backyard oasis with lush foliage on all sides, creating a private space to entertain. Stone and rock patio with wood burning fireplace, fountain and built in bbq! Artificial grass finishes off the space and it's hassle free. This home has all the high end treatments. AC replaced in 2022. Hot H20 heater replaced in 2023. Community is pet friendly. no nightly rentals 2 car garage

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3529 N Hooper Street Buckeye, AZ 85396

$524,900

3 Beds

3 Baths

2,590 SqFt

Status Active

MLS # 6651748

Property Type Townhouse

Price Type --

---NEWS FLASH---Fresh Interior Paint throughout, May/2024!! This beautiful Villa by Cachet Homes located in Vallarta, a charming, gated community in award winning Verrado offers a high-quality, comfortable and easy living with luxurious amenities. Home has Vallarta has its own private pool and spa and is surrounded by the Verrado Golf Course and 20+ miles of hiking and biking trails. The front of home is welcoming with outside front seating area and travertine flooring. The home is a 3 bed, 3 bath plus loft /office beautifully updated and upgraded duplex townhome. First floor upgrades include: new tile flooring, and kitchen granite counters. Great Room has ample living space, lovely outdoor views and a cozy wall gas fireplace. Bedroom ensuite on main level. The large gated side yard leads to a private backyard oasis with plentiful entertaining space. The covered patio with travertine tiles, a gas fire pit, built in grill and cooking area and low-maintenance landscaping, make entertaining a delight. The second floor Villa has well-appointed primary suite, with an abundance of windows for natural light. The spa-like en-suite bath includes an oversized shower, dual sink vanity, and a walk-in closet with ample space. It includes a light and bright secondary bedroom with an adjacent full bath, and an open concept den, The wrought iron gate from your patio leads to the serene Spa and Pool, a whisper away. Enjoy coffee and morning Mountain View's on the deck off the master bedroom. This home has been gently lived in over the years, meticulously maintained and shows pride in ownership. Close to the coveted Main St district, it is truly a great home for entertaining and making memories. Verrado has A+ schools, two of the finest Golf Courses in the area, tree lined streets, fine dining and shops. Come and see us soon!

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5557 W Buckskin Trail Phoenix, AZ 85083

$524,900

4 Beds

2 Baths

1,705 SqFt

Status Active

MLS # 6715578

Property Type Single Family Residence

Price Type --

100% Owned Solar! Deer Valley school District! Sandra Day O'Connor High School! Single level! Stetson Hills Community! Tile and waterproof laminate flooring only! All Gas appliances! Refrigerator & washer/dryer included! Minutes from shopping, restaurants & GCC North campus! This property is part of the Stetson Hills community and offers biking/walking paths along with several green belts and kids play areas. It also has direct access to hiking! The home has been very well-maintained, and is easy to clean with no carpets throughout! The split floor plan with primary EnSite adds extra privacy. There's also an office/Den which could also be used as an optional 4th bedroom. Garage offers extra overhead storage, a water softener system, and 8ft opening. Check it out before it's gone!

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4365 Buffalo Ridge Wickenburg, AZ 85390

$524,900

2 Beds

2 Baths

1,998 SqFt

Status Active

MLS # 6730853

Property Type Single Family Residence

Price Type --

Welcome to 4365 Buffalo Ridge! Nestled within the prestigious Wickenburg Ranch community, this exquisite home epitomizes modern luxury and comfort. As you step inside, a wall of sliding glass doors floods the space with natural light. The kitchen boasts an expansive island and granite countertops, complemented by a convenient walk-in pantry and sleek hood range. An open floor plan effortlessly connects the kitchen to the inviting living area, adorned with a cozy den with french doors for relaxation or work. 2 bedrooms offer restful retreats, accompanied by 2 luxurious bathrooms for ultimate convenience. Outside, a low-maintenance landscaped backyard beckons with its tranquil ambiance, featuring a covered patio perfect for alfresco dining for cozy evenings under the stars.

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5603 W Buckskin Trail Phoenix, AZ 85083

$524,900

3 Beds

2 Baths

1,820 SqFt

Status Active

MLS # 6742705

Property Type Single Family Residence

Price Type --

Seller will pay off Solar with full price offer at close of escrow! Fantastic Cul-de-Sac home in Stetson Valley with Mountain Views. Beautiful single story home with 3 bdrms, 2 baths plus an office. Large open floorpan with spacious kitchen featuring stainless appliances, new dishwasher, gas Stove, microwave, corner pantry, loads of storage and breakfast bar. Great room family room and dining room anchor this lovely open floorplan home, wired for surround sound. Low maintenance back yard with a covered patio, pavers, synthetic grass and new side gate.. solar panels/electrical box (solar panel loan assumable), new shower/plumbing in primary bathroom, new hot water heater and new AC, garage built in cabinets. Great School within 2.4 mi.

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357 W Canyon Street Apache Junction, AZ 85120

$524,900

3 Beds

2 Baths

1,899 SqFt

Status Active

MLS # 6744802

Property Type Manufactured Home

Price Type --

This beautiful home surrounded by amazing Mountain Views and City Lights all from your very own porch. The 1.25 acres allows for the big garage/workshop big enough for the RV, toys and hobbies. Many upgrades in the inside of the home starting with the open spacious gourmet Kitchen with lots of counter space. Large Farm sink with beautiful cabinets and stainless-steel appliances. Open floor plan with tile laminate flooring through-out, a formal dining area, large bedrooms with walk-in closets. The Master bathroom has double sinks and a huge shower.

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22882 E Marsh Road Queen Creek, AZ 85142

$524,900

3 Beds

2.5 Baths

2,005 SqFt

Status Active

MLS # 6752341

Property Type Single Family Residence

Price Type --

Three bedrooms PLUS den and a three car tandem garage backing the beautiful Schnepf Farms property! Discover the charm of a trendy newer built home without the wait - in a lake community with catch & release fishing and two heated pools. Your new home has tile throughout all the common areas, and a thoughtfully-designed floor plan that maximizes space and comfort. In this meticulously-kept home, you'll love the large laundry room and XL formal dining space! Upgraded kitchen offers a gas stove and built-in microwave. Split floor plan and open-plan living/kitchen allows for both privacy when you need it and space to gather when you want to - the best of both worlds! Living room ceiling is pre-wired for speakers! Your new home is nestled in a newer master-planned community, and one of the most sought-after areas in all of Queen Creek. Situated in the town's agri-tainment (agricultural entertainment) district, here you'll enjoy an ideal blend of suburban and rural living. While just minutes away you'll find Queen Creek's premier shopping and dining options, across the road you'll enjoy the state of Arizona's most beloved agri-tourism destinations - Queen Creek Olive Mill and Schnepf Farms. The Harvest community's exceptional amenities include a two inviting heated pools, a splashpad, scenic neighborhood trails, inviting fire pits, community lake, gathering areas and more.

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41301 W Sussex Drive Maricopa, AZ 85138

$524,900

5 Beds

4 Baths

2,911 SqFt

Status Active

MLS # 6757207

Property Type Single Family Residence

Price Type --

Welcome Home! This beautiful 2-story home features 5 Bedrooms and 4 full baths. Gorgeous paver driveway with low maintenance front yard! Bright, open floor plan w/high 12 ft ceilings & dual sliding glass doors provide lots of natural light. The gourmet kitchen boasts large island w/breakfast bar, granite counters, wall oven & oversized pantry. Primary main floor suite offers a spacious closet & ensuite w/dual vanity, private toilet room & separate tub/shower. Bedrooms 2 & 3 with bathrooms 2 & 3 also on main floor. 4th & 5th bedrooms upstairs with the 4th full bath and massive loft w/options to use as a game/craft room, home theatre or an office. Backyard is perfect for entertaining! Easy maintenance synthetic grass & covered patio, large enough for a future swimming pool!

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235 S Monterey Street Gilbert, AZ 85233

$524,900

3 Beds

2 Baths

1,418 SqFt

Status Active

MLS # 6761918

Property Type Single Family Residence

Price Type --

SUPER CUTE 3 BR PLUS DEN HOME JUST MINUTES FROM THRIVING DOWNTOWN GILBERT! MATURE LANDSCAPING AND SYNTHETIC GRASS GREETS YOU AT THE CURB. ENTER INTO GREAT ROOM FLOORPLAN WITH UPGRADED VINYL FLOORING ALL OPEN TO BEAUTIFUL KITCHEN WITH GORGEOUS GRANITE, TILED BACKSPLASH AND LARGE PANTRY. THE PRIMARY BEDROOM OFFERS PLENTY OF ROOM AND THE UPDATED BATHROOM WITH TILED SHOWER IS SURE TO IMPRESS. STEP OUT BACK ONTO COVERED PATIO OVERLOOKING FENCED REMODELLED POOL AND SYNTHETIC GRASS, ALL VERY PRIVATE. THE DEN/OFFICE COULD WORK AS A 4TH BEDROOM. THE ROOF AND AC ARE NEWER AND THE BLOCK CONSTRUCTION MAKES FOR A VERY ENERGY EFFICIENT HOME. DON'T MISS THE HUGE LAUNDRY ROOM IN GARAGE, LARGE ENOUGH FOR A SMALL SHOP. SELLERS ARE BEING RELOCATED AND HATE TO LEAVE THIS AMAZING HOME IN PERFECT LOCATION.

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21320 N 56th Street Unit 2120 Phoenix, AZ 85054

$524,900

2 Beds

2 Baths

1,408 SqFt

Status Active

MLS # 6772852

Property Type Townhouse

Price Type --

Turn key- ready for quick move-in! Resort-like living at its finest in desirable Desert Ridge with easy access to freeways, dining, shopping, golf and more. Gated community with 3 pools/spas, fitness and BBQ centers + low HOA fees. This pristine 2BR, 2BA great room home has been occupied less than 2 months a year. It has never had pets, smokers, kids nor been used as a rental. Pride of ownership shows. Fully furnished with high end furniture plus custom one of a kind pieces. One of the few corner end units with guest parking on both sides. Popular open floor plan with stacked stone gas fireplace, wood flooring and a private balcony perfect for enjoying the spectacular sunsets. New A/C compressor July 2024. Just bring your suitcase- terrific lock n' leave or full time home. A must see!

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