3 Things You Must Do after Inheriting a Home

3 Things You Must Do after Inheriting a HomeThere 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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6990 E Buckhorn Trail Scottsdale, AZ 85266

$2,349,000
6 Beds
5.5 Baths
5,944 SqFt
Status Active
MLS # 6645697
Property Type Single Family Residence
Price Type --
Welcome to paradise in north Scottsdale! This sanctuary estate sits at the end of a short private cul-de-sac in the prestigious community of Lomas Verdes. Completely refurbished inside and out, featuring a large open kitchen and great room with high ceilings. The perfectly balanced floor plan will please even the most discerning buyers, providing comfortable two-person living as well as expansive living for larger families! This beautiful home also offers to keep everyone entertained with activities, including a pickle ball court, a beautiful pool and spa, and two outdoor fireplaces. The additional 1,000 square foot finished basement features a wet bar, and living and entertaining spaces. The 3 HVAC systems are newly installed with manufacturer warranties. New quartz counters throughout.

8396 E Sunnyside Drive Scottsdale, AZ 85260

$2,349,000
4 Beds
4.5 Baths
3,900 SqFt
Status Active Under Contract
MLS # 6767129
Property Type Single Family Residence
Price Type --
Discover the ideal family floor plan in this beautifully remodeled 4-bedroom, 4.5-bathroom home, featuring an office. Each bedroom includes its own ensuite for added privacy. Enjoy stunning golf course and mountain views from this corner lot, with high ceilings enhancing the spacious feel. The inviting layout includes a large family room and oversized living/dining area, perfect for gatherings. A standout feature is the 16-foot folding patio door, seamlessly connecting indoor and outdoor spaces, leading to pavered yards. The newly renovated pool boasts a pebble sheen finish, while a resurfaced basketball court adds to entertainment options. Key updates include fresh paint, an epoxy garage floor, and new lighting. The gourmet kitchen is a chef's dream with custom cabinets, high-end appliances, and a large quartz island. The luxurious master suite features a glass-enclosed shower and custom vanity. Additional highlights include a custom wine bar, elegant flooring, and solid wood doors. This home is truly move-in readydon't miss out!

25838 N 104th Place Scottsdale, AZ 85255

$2,345,000 - 4Br/4Ba -  for Sale in Troon Fairways Lot 1-107 Tr A-d, Scottsdale
Open House
$2,345,000
4 Beds
3.5 Baths
3,662 SqFt
Status Active
MLS # 6763821
Property Type Single Family Residence
Price Type --
Newly renovated luxury home nestled in the prestigious Troon Fairways community is the pinnacle of modern elegance & timeless sophistication, designed with meticulous attention to detail & finishes including new European wide plank oak flooring, new wide baseboards, new lighting, new fireplace, new hardware, new fixtures & more. Embracing the natural beauty of the surrounding Arizona vistas, including stunning views of Pinnacle Peak, & close proximity to one of Scottsdale's most prestigious golf courses, this property provides a tranquil respite with seclusion & privacy. From the moment of arrival, this home makes a statement with the contemporary design of the freshly painted exterior harmonizing with the desert surroundings. A new gated front courtyard opens to a tranquil covered patio & invites you to step inside to discover a home where modern luxury meets comfort. The open concept design maximizes natural light with new oversized windows & doors, showcasing stunning views of Pinnacle Peak. The living room is a haven of relaxation with captivating mountain views, floor-to-ceiling tile surround linear fireplace & easy access to a new custom glass wine cellar & new bar with quartz counters, beverage refrigerator & icemaker. Perfect for entertaining, the bar has seamless access to outdoor living with an accordion window. The heart of the home, a newly designed gourmet kitchen, combines functionality with style featuring a large waterfall quartz island, custom floor-to-ceiling flat panel cabinetry, modern custom tile walls, floating shelves with undermount lighting, premium stainless steel Thermador appliances including gas range, custom hood & dual ovens. Whether you're preparing a casual meal or hosting a dinner party, the thoughtful design allows for effortless entertaining. The primary suite is a private retreat, offering a serene escape from the demands of everyday life. With its own private sitting area & patio, this expansive room offers panoramic views of the surrounding mountains. The spa-like primary bathroom features a freestanding soaking tub, glass surround walk-in shower with rain showerheads, & custom double floating vanities with undermount lighting, backlit mirrors & quartz countertops. The outdoor living space has been renovated as well with newly refinished pool with waterfalls, travertine pavers & manicured turf creating an inviting oasis, complete with built-in barbeque, new fire pit & fresh landscaping. Relax in breathtaking views of iconic mountains & entertain in style. This home is perfect for those seeking an elevated lifestyle in North Scottsdale.

6832 E Stevens Road Cave Creek, AZ 85331

$2,327,500
4 Beds
4.5 Baths
4,656 SqFt
Status Active
MLS # 6708723
Property Type Single Family Residence
Price Type --
WOW..Incredible TRANSFORMATIONAL REMODEL (2022) just north of the town of Cave Creek near the Carefree border, on a very private acre lot, all on one level. This peaceful oasis features 4 bedrooms, 4.5 baths 3CG, all bedrooms en suite. FULLY REDESIGNED KITCHEN with 10' quartz waterfall island, Thermador appliances, dual sinks, and a HIDDEN PANTRY with expansive storage and BEVERAGE CENTER. Luxurious primary suite with spa-like bath remodel. COLLAPSIBLE GLASS-WALL OFFICE and designer lighting and fans throughout. NEW (2022) flooring, HVAC, water treatment system, custom steel front door, premium wifi enabled garage doors, 50-amp EV charger. Huge rooms and storage abound. Large backyard with enough space to create your own personal retreat. Peaceful and private, but close to town. NO HOA NUMEROUS FEATURES, UPDATES and IMPROVEMENTS ABOUND. - High end Thermador smart appliance package with wifi connection - Package includes induction smooth top, multiple ovens, dual sinks - New high efficiency Carrier heat pumps with air scrubbers and wifi enabled thermostats - New wifi enable security system with 2 touchscreen control stations - Large extra storage space throughout, including walk-in hall closet - New premium garage doors with wifi enabled automatic openers - Garage includes: - Mini split climate control - Separate storage room and elevated storage space - 50 amp EV charger - City-approved plans for expanded backyard development - New sewage ejection pumps - Replaced pressure relief valve on main water line

24450 N 132nd Place Scottsdale, AZ 85255

$2,309,000
3 Beds
3.5 Baths
3,559 SqFt
Status Active
MLS # 6779779
Property Type Single Family Residence
Price Type --
Largest NEW single level home in North Scottsdale; large energy efficient silled windows throughout; stacking glass doors at study, familyroom and dining PLUS 90 degree dual sliding doors at family room; 3 bed, 3.5 bath + enclosed study; fireplace at family room; tiled showers in both ensuites; 2nd showerhead at owner's bath, custom appliances, exposed beams at owner's retreat; waterfall island w/custom tile and cabinets; added electrical thruout; wood flooring; custom closet system in owner's retreat; upgraded paint and molding, 2x6 construction and much more; EXTENSIVE NEW HOME WARRANTY.

3277 N Highlands Drive Buckeye, AZ 85396

$2,300,000
5 Beds
4.5 Baths
4,741 SqFt
Status Active
MLS # 6683256
Property Type Single Family Residence
Price Type --
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,048 square feet and the detached guest quarters is 693 square feet, for a total of 4,741 square feet with a four car garage. Also includes a swimming pool, spa and outdoor kitchen. This home features a captivating great room floor plan and is situated on an large .917 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication.Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.

27222 N 64th Drive Phoenix, AZ 85083

$2,300,000
5 Beds
4.5 Baths
3,685 SqFt
Status Active
MLS # 6718683
Property Type Single Family Residence
Price Type --
Gold Mountain Preserve, custom home exuding modern luxury living inside & out! This stunning 5 bed/4 full bathrooms and an elegant powder room, home and is absolutely stunning; enjoy 14' ceilings in common areas with 10' ceilings throughout rest of home, office area (or game area), 3 car garage w overheight glass garage doors, RV gate! The spectacular backyard features a dazzling heated pool with Baja entry and marble surround alongside an elevated spa, half a basketball court, over 3500sf of articial grass, putting green, built in bbq with shade for comfort, elevated area in the back of the yard for additional seating, and surrounded by lovely white rose bushes, a variety of citrus and other plants, for a dream backayrd whether you love entertaining or just love enjoying famaily time in your own resort-like backyard! Inside the home, you'll enjoy a chef's kitchen with two Monogram ovens, a steam microwave/oven, a Miele automatic coffee machine, Monogram built in refrigerator, Italian cabinetry, quartz countertops throughout, a large pantry, built in drink fridge, and lots of attention to detail you will appreciate! There are ceiling soffits with colored LED accent lights in common areas, speakers throughout the house, as well as surround sound in family room! The garage has cabinets on two walls, a storage, a door directly from exterior (near the RV gate) as well as gorgeous metallic epoxy nicely highlighted through the glass garage doors. There are three bedrooms that feature their own walk in closets and bathrooms while two other bedrooms share a jack and jill bathroom! The laundry room is very spacious with plenty of storage and counter space! There is a mud room with hooks, seating and additional storage! There is lots of attention to detail at every turn at this stunning two year old home in the gated, luxury subdivision of Gold Mountain Preserve! The subdivision itself has access to hiking trail and consists of primariy large, elegant custom homes and semi-custom homes!

24051 N 112th Place Scottsdale, AZ 85255

$2,300,000
4 Beds
3.5 Baths
4,600 SqFt
Status Active
MLS # 6722030
Property Type Single Family Residence
Price Type --

11426 E Quail Lane Cave Creek, AZ 85331

$2,300,000
4 Beds
4.5 Baths
3,861 SqFt
Status Active
MLS # 6729200
Property Type Single Family Residence
Price Type --
Glass dominant new build with total privacy and forever views of Tonto National Forest, mighty Four Peaks, Weaver's Needle and all connecting ranges. Sleek and stylish contemporary in cool neutral tones with stainless steel appliances and 6 CAR GARAGE with space for more if you wish. Intelligent and open floor plan with 4 bedrooms (including casita) and 4.5 bathrooms offering spacious comfort for all in residence. Kitchen designed in a clean white palette with an island large enough for both prep and service. 6 burner gas grill with griddle and side by side 60 inch refrigerator/freezer for the gourmand in mind. Gunmetal shades of grey high gloss Italian porcelain floors throughout. Spray foam insulation in every wall and ceiling, all en suite bedrooms with walk in closets. ''Passive home' design offers maximum energy efficiency delivering lower APS and gas bills as the construction/design amplifies conservation. Designed with an ideal Southern exposure/orientation to offer intentional interior climate controlled benefits throughout the year. Tonto Hills is a very private, equestrian deeded gem of a community at an elevation of 3800 feet enjoying cooler temperatures and a forever breeze on the mountain. No air traffic, countless hiking trails/landmarks and a neighborhood restaurant within walking distance with views that will astonish you and your guests. Plenty of room for a pool that could be seated for your privacy in mind capturing the panorama and moonscape views before you...

10911 E Taos Drive Scottsdale, AZ 85262

$2,300,000
5 Beds
4 Baths
5,472 SqFt
Status Active
MLS # 6749370
Property Type Single Family Residence
Price Type --
This could be a car enthusiast home with window from bonus room to the garage. 33X25' and 16X25' garage with 12 foot ceilings. See concept design. Must see!! This exquisite home is an entertainer's dream oasis! Private yet minutes to restaurants and shopping.High-end finishes throughout. The bedrooms are thoughtfully separated giving extra privacy. Two primary suites with fireplaces. A resort-style backyard includes a built-in bar & BBQ, outdoor living room with a fireplace TV, misters, a fire pit, pool with spa. A second fireplace in the covered patio with misters, outdoor shower rounds out the outdoor entertaining areas. Photos are virtual staged and garage & wine room are renderings w/carlift & window A beautiful 2nd primary suite with fireplace and private entrance.

3717 N 35th Street Phoenix, AZ 85018

$2,300,000
5 Beds
3 Baths
3,110 SqFt
Status Active Under Contract
MLS # 6749943
Property Type Single Family Residence
Price Type --
***Napa Inspired Arcadia Area Ranch***2019 Sticks & Bricks masterpiece combines the quintessential look of Arcadia on a 1/3 acre lush vineyard w/ fruit trees. Gourmet kitchen overlooks great room, dining & indoor/outdoor living. Large Carrara marble island kitchen, white shaker cabs, Wolf 6 burner cooktop, fridge/wine fridge/freezer combo, vaulted ceiling w/ beams, 2 gas fireplaces, 8'' oak plank floors, butler's pantry w/ dishwasher, icemaker, coffee station. Large laundry w/ herringbone slate flooring, granite counter, farm sink & Dutch door. Split master w/ separate tub/shower, dual marble vanities. 16 ft Heritage pass through slider to gorgeous backyard. Sparkling pebble sheen play pool/green grass. 10 minutes from airport, walk to shops, restaurants, bars. Nothing like it on market.

14554 N Valencia Drive Fountain Hills, AZ 85268

$2,300,000
4 Beds
4.5 Baths
2,974 SqFt
Status Active
MLS # 6757073
Property Type Single Family Residence
Price Type --
Embrace luxury living! This breathtaking home is perfectly situated on one of the premier lots in the exclusive, gated Adero Canyon community. The elegant single-story residence features an open-concept layout, vaulted ceilings, and expansive windows that flood the space with natural light, offering stunning views of the mountains. Meticulously cared for and thoughtfully upgraded throughout including remote control/bluetooth electric blinds throughout, this home is in pristine condition and move-in ready. The kitchen, the centerpiece of the home, impresses with its abundance of cabinetry, a spacious center island, high-end stainless steel appliances, and a walk-in pantry. Perfect for entertaining, the open living and dining areas are highlighted by a striking fireplace. A 4-panel sliding door seamlessly connects the indoor space to a beautifully custom designed backyard with sparkling pool/spa. The pool features state of the art Pentair automation system with bluetooth accessibility to cooling AND heating capabilities with cost effective electric heater. The spacious primary bedroom is thoughtfully separated from the two additional ensuite bedrooms, ensuring privacy for both. There's also an attached guest casita with its own entrance, featuring a bedroom and bath, ideal for guests or versatile with endless options to be utilized. This Thaxton + casita home is the ultimate lock-and-leave option, offering new construction in a gated community with unbeatable views in the picturesque Adero Canyon. Residents have direct access to nearby trailheads, and are conveniently close to the vibrant downtown Fountain Hills area, world-class golf courses, restaurants, and The Adero Resort and Spa, where club memberships offer access to fitness classes, a state-of-the-art gym, tennis, pickleball, and resort-style and lap pools at competitive rates.