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What's the minimum age to buy a house?
Is there a minimum age to buy a house? I'm saving and want to buy a house when I'm 18. I would not have a cosigner. I want to own it entirely myself.
Asked By Garrett | Tulsa, OK | 1968 views | Buying | Updated 11 months ago
Answers (5)
Amanda Courtney
REP Realty Group
You must be 18 years old to legally sign a real estate contract in most U.S. states. However, minors can own property through a trust or guardian—so technically, ownership is possible before 18, just not direct contract signing.
- 4 months ago
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Julianne Clark
Charter One Realty
You are old enough now in most states. Are you paying cash or financing? If financing -- you need to qualify for a loan and that requires work history and down payment. Best place to start is finding someone who can refer you to an agent in your area that is experienced with first time homebuyers. They will be a wealth of information to get you started on your journey into homeownership!
- 11 months ago
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Tyler Tapley
Crye-Leike
Depends on the state...typically it is 18 but depends.
- 7 months ago
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Drayton Herold
KW Elevate Luxury
In most states across the U.S., the minimum age to buy a house is 18 because that is the legal age to enter into a binding contract, including a mortgage agreement.
It is possible to buy a house before you are 18 if buying with cash. Reach out to a local professional in your state for additional guidance.
It is possible to buy a house before you are 18 if buying with cash. Reach out to a local professional in your state for additional guidance.
- 11 months ago
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Shahzana Ripp
Coldwell Banker Realty
In most states across the U.S the minimum age to purchase a property is 18 because that is the age where have the legal capacity to enter into binding contracts, which is necessary for a real estate transaction.
- 9 months ago
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