real estate


Question by  Kate20 (16)

How old do you have to be to buy a house?

I would like to buy a house.


Answer by  Chaneygirl (1755)

Generally you have to be 18 to buy a house. Law may vary in your state or locally. Why not check with a local realtor?


Answer by  jaimesgirl (1055)

Technically, you must be at least 18 to enter into a legal contract, such as that required for purchasing a home or car. Many lending institutions won't even consider working with you though, unless you are at least 21 and have established a solid credit line or have a co-signer.


Answer by  John (9008)

The rules for this vary by state. In general, however, you have to be old enough to sign a valid contract. For most states, this is 18. You should be aware that someone this young will have a hard time getting a mortgage, however.

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