In California, a minor (someone under 18) usually cannot buy a house on their own. This is because buying a home requires signing legal contracts, and minors are not allowed to sign binding contracts.
There are a few ways it can still happen:
• A parent or guardian can buy the home with or for the minor • A home can be bought through a trust set up by an adult • Parents can buy the home and transfer it to the child after they turn 18
A minor cannot sign a mortgage or home purchase contract by themselves in California.
If you’re planning ahead and want to understand your options, I’m happy to help.
Chris Cervantes, Realtor® – Northern California DRE# 02245897 Phone: 707-317-3806 Instagram: https://www.instagram.com/selling_in_solano
If you are hoping to buy a house, you likely have a budget in mind. Hopefully, that budget includes fees that come with the process, not just the purchase price. The good news for buyers is that they aren't directly responsible for paying their agent. Agent fees usually fall on the seller.