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

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

View As: Thumbnails List

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

17384 W Gould Mine Lane Surprise, AZ 85387

$465,000

2 Beds

2 Baths

1,706 SqFt

Status Active

MLS # 6666810

Property Type Single Family Residence

Price Type --

Your Own Serene Oasis Awaits in The Grand - Corner Lot Escape with Tranquil Extended Patio! This beautiful 2 bed plus a den, 2 bath home offers the perfect blend of comfort & tranquility. Nestled on a spacious (11,000 sq ft!) corner lot, it provides a private sanctuary ideal for those seeking peace & quiet. Step outside and immerse yourself in the professionally landscaped yard, featuring citrus trees & minimal maintenance for your enjoyment. Inside, newer windows bathe the living spaces in natural light, the eat-in kitchen boasts newer SS appliances. The north-south exposure ensures a comfortable year-round temperature. The den offers perfect solution for work or hobbies. 2-car garage, complete with shelves for added organization. Upon mutual accepted offer, furniture negotiable.

View Property

1122 E Brookwood Drive Casa Grande, AZ 85122

$465,000

4 Beds

3 Baths

2,196 SqFt

Status Active

MLS # 6683168

Property Type Single Family Residence

Price Type --

This in one of the beautiful models at Arroyo Grande. It has many optional features including vaulted ceilings, a gourmet kitchen, a walk in shower, an oversized eat in kitchen island, a walk-in pantry, all built in appliances, an extended kitchen, and many more. This home is close to several retail areas with restaurants, grocery stores, drug stores, and many other retail offerings. You need to see this one. This is our most popular floor plan. The home is close to schools and numerous employers.

View Property

17744 W Buckhorn Trail Surprise, AZ 85387

$465,000

4 Beds

2 Baths

2,044 SqFt

Status Active

MLS # 6667478

Property Type Single Family Residence

Price Type --

Newly sold-out Desert Oasis in Surprise community has a new resale to the market. This beautiful 2,040 sq ft, 4 bed, 2 bath home was built in 2022. This home boasts attractive tile and upgraded carpet throughout; split floorplan; elegant owner's suite has extra windows, double sinks w/quartz countertops, large shower, private toilet room, and an oversized walk-in closet; an spacious open dining room, a large great room w/additional windows; well-appointed kitchen featuring 42'' upper cabinets, quartz countertops, an oversized island, walk-in pantry, & upgraded stainless-steel appliances, including gas range & double oven; central indoor laundry room; and three additional bedrooms & bathroom providing ample space for rest and relaxation. Additional highlights include a stacked stone home front, professionally landscaped front yard, designer brick paver driveway & walkway w/a charming, covered entry; 2-car garage w/extended length for extra storage space, a service door, and 8' tall garage doors; rear yard oasis w/a good sizes covered patio, picturesque trees, shrubs, flowers, and artificial turf.

View Property

17903 W San Alejandro Drive Goodyear, AZ 85338

$465,000

3 Beds

2 Baths

1,735 SqFt

Status Active

MLS # 6671804

Property Type Single Family Residence

Price Type --

BRAND NEW ROOF. Estrella Mountain Ranch stunner. Enter into the open concept living area with vaulted ceilings and large windows providing lots of natural light and views of the pool. The kitchen is bright and equipped with stainless steel appliances, granite countertops, ample cabinet space and a breakfast bar for casual dining. The spacious primary bedroom features vaulted ceilings and has a full ensuite: double sinks, shower, walk-in closet and an exit to the backyard pool. 2 additional bedrooms. The Pebbletech pool has a variable speed pump. New roof underlayment and new water heater. This area is a little bit of heaven with mountains, hiking trails, lakes, golf courses, PICKLEBALL, tennis and beautiful clubhouses. The area has lots of amenities to keep you close to home.

View Property

3935 E Rough Rider Road Phoenix, AZ 85050

$465,000

2 Beds

2 Baths

1,386 SqFt

Status Active

MLS # 6669384

Property Type Townhouse

Price Type --

Villages at Aviano is like living in a resort year round. Perfect lock & leave lifestyle. Extremely well cared for SINGLE LEVEL Amici model. No stairs, 2 bedroom/2 bathroom with 2car tandem garage. ORIGINAL owner who has occupied a fraction of the time as it has served as a second home. NEVER used as a rental! Finishes include new LV flooring (2022) and tile in all major spaces and walkways with carpet in the two bedrooms. Granite counters in the kitchen and primary bathroom, stainless appliances, solid wood doors, arched entryways, full laundry w/newer units (2022), newer HVAC (2022) new W/H (2024) split floor plan, and wired for surround sound. Minutes from the Desert Ridge Marketplace, Mayo Clinic, Wildfire Golf Club, Top Restaurants and High Street, and easy access to the 51 &101

View Property

7083 E Waterfowl Way San Tan Valley, AZ 85143

$465,000

4 Beds

2.5 Baths

2,488 SqFt

Status Active

MLS # 6674094

Property Type Single Family Residence

Price Type --

Stunning 4 Bed/2.5 Bath with a den/flex room, RV gate & Recreational Parking behind the gate to include Motor Homes, Boats, & Campers upon approval on a corner lot. (See CC&R's in document section). Gorgeous kitchen with lots of cabinets, granite, pendants, stainless steel and a large walk-in pantry. Open floor plan with tile floors throughout the main living areas. Upgraded lighting. Beautiful primary bedroom with walk-in closet. Split floor plan. Ensuite bath has dual vanities, private toilet, soaking tub, and upgraded tile shower. Relax in this beautiful backyard with covered patio, lush green turf and no neighbor directly behind.

View Property

256 S Hobson -- Mesa, AZ 85204

$465,000

2 Beds

2 Baths

1,155 SqFt

Status Active

MLS # 6674970

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunningly remodeled single-story gem in Mesa, AZ boasts 2 beds, 2 baths, a den, and a spacious great room. Step inside to discover a model-home-worthy interior, featuring new lighting, plumbing fixtures, and energy-efficient windows, complemented by beautiful vinyl plank flooring. The large kitchen dazzles with quartz counters, backsplash, and stainless appliances, including a refrigerator. Plus, washer and dryer are included for your convenience! Outside, the new front yard pavers and turf enhance curb appeal, while the new roof with foam-sealed attic ensures lower electric bills. Relax in the expansive backyard surrounded by mature trees. Perfectly situated in Mesa, enjoy easy access to freeways, light rail, and the Cubs training facility. Click ''More' Don't miss out on this impeccable home! (Note: Pictures feature virtual staging). ¡Bienvenido a la casa de tus sueños! Esta joya de un solo piso increíblemente remodelada en Mesa, AZ, cuenta con 2 dormitorios, 2 baños, una sala y una gran sala espaciosa. Ingrese para descubrir un interior digno de una casa modelo, con nueva iluminación, accesorios de plomería y ventanas de bajo consumo, complementados con hermosos pisos de tablones de vinilo. La gran cocina deslumbra con encimeras de cuarzo, placa para salpicaduras y electrodomésticos de acero inoxidable, incluido un refrigerador. Además, ¡la lavadora y la secadora están incluidas para tu comodidad! En el exterior, los nuevos adoquines y el césped del patio delantero mejoran el atractivo exterior, mientras que el nuevo techo con ático sellado con espuma garantiza facturas de electricidad más bajas. Relájate en el amplio patio trasero rodeado de árboles añosos. Perfectamente ubicado en Mesa, disfrute de un fácil acceso a las autopistas, el tren ligero y las instalaciones de entrenamiento de los Cubs. No se pierda esta casa impecable! (Nota: Las imágenes presentan una puesta en escena virtual).

View Property

1502 E Garfield Street Phoenix, AZ 85006

$465,000

3 Beds

2 Baths

1,032 SqFt

Status Active

MLS # 6685102

Property Type Single Family Residence

Price Type --

Beautifully updated 3 bed-2 bath home on spacious lot in Historic Garfield. Walk to vibrant downtown Phoenix restaurants, art, festivals, and more! Natural light floods all rooms creating bright + airy ambience. Home has an open floor plan with high ceilings, split bedrooms, indoor laundry, + all new luxury vinyl plank flooring. Kitchen has freshly painted cabinets, quartz counters, + ss appliances. You can live in an adorable historic home w/ all the modern conveniences. Low maintenance desert landscaping in front. Large backyard provides option for casita or office space for those who WFH. 2016 - roof replaced, HVAC replaced, new Pella windows, updated bathrooms & kitchen. 2024 - all flooring + baseboards replaced, all fresh interior paint, and more. This home is an absolute gem!

View Property

2101 E Oak Street Phoenix, AZ 85006

$465,000

3 Beds

2 Baths

1,188 SqFt

Status Active

MLS # 6679967

Property Type Single Family Residence

Price Type --

Exquisitely remodeled from top to bottom. This modern home boasts 3BR, 2BA, and an array of upgrades. This home features a new kitchen with plenty of cabinet space, Quartz Countertops. Nicely done Bathrooms, some new plumbing and electrical, New Roof, New Windows, New AC, Fresh Paint inside and out, and more. Entertain effortlessly in the backyard oasis featuring a sparkling pool and RV gate for added convenience. Desirable location, close to everything. Immediate access to freeways, minutes from Sky Harbor Airport and Downtown Phoenix. No HOA. Don't miss this opportunity!

View Property

129 S 82nd Way Mesa, AZ 85208

$465,000

4 Beds

2 Baths

1,994 SqFt

Status Active

MLS # 6678829

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 2017 home featuring a wonderful floorplan with a split master bedroom and large kitchen with plenty of cabinets and walk in pantry. Exterior of home was recently triple coat painted and has a large RV gate, 30 amp RV plug, and 20x20 storage shed in backyard. House has water filtration system and softener and is solar financed with a $39,000 balance. You will love the vaulted ceilings in the family room and plenty of windows for lots of natural light coming in. Water heater is only 2 years old and the attic and walls are double insulated. Much pride of ownership in this fantastic home just waiting to become YOUR home next with no HOA.

View Property

4854 W Turquoise Avenue Glendale, AZ 85302

$465,000

4 Beds

2 Baths

2,371 SqFt

Status Active

MLS # 6680575

Property Type Single Family Residence

Price Type --

Whatta beauty! New paint, new quartz counter tops, new flooring, new bathroom vanity quartz! Your new spacious 4 bedroom home has a pool situated perfectly in a low-maintenance backyard oasis!

View Property

3134 E Mckellips Road Mesa, AZ 85213

$465,000

3 Beds

2.5 Baths

1,414 SqFt

Status Active

MLS # 6683963

Property Type Single Family Residence

Price Type --

Charming 3 bdrm, 2.5 bath 2 car garage home in sought after Homestead on an oversized lot with lg. private pool and nicely designed backyard! Ideal for entertaining or everyday living -- with living and dining rooms, vaulted ceilings, and a formal family room with wood burning fireplace. Open concept kitchen overlooks the family room and features granite countertops, smooth-top range, built-in microwave, and LG stainless steel refrigerator with water dispenser/ ice maker. The primary suite includes dual closets, a spacious layout, soaring high ceilings, and an ensuite bath. Additionally, the home features newer paint, newer carpet, laminate flooring, and a top of the line Trane HVAC unit,. Enjoy your backyard with one of the only private sparkling swimming pools in the community. Conveniently located with easy access to the Loop 202 (and Gilbert Rd.) and plenty of shopping, dining, & restaurants nearby. A must see!

View Property