Can parents buy a home under Minor's name?

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Marco Giancola

Beachfront Realty - Miami Beach, FL

Realtor (305)608-1922, Miami Beach Florida

The scenario you list is a big NO, at least in FL. A minor can't be held responsible for paying taxes, condo HOA's etc. Possibly a trust would work in this case.

Nov 13, 2015 06:37 PM

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John McCormack, CRS

Albuquerque, NM
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Amelia Robinette

Falls Church, VA

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John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

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Marco Giancola has this one.

Nov 14, 2015 12:49 AM

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Marco Giancola

Miami Beach, FL
John McCormack, CRS

Albuquerque, NM

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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

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Marco Giancola nailed this one!

Nov 13, 2015 11:41 PM

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Marco Giancola

Miami Beach, FL
John McCormack, CRS

Albuquerque, NM

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Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Abby. It sounds like it could be handled with a trust with the child as the beneficiary.

Make it a great weekend!

Nov 13, 2015 05:27 PM

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Abby Wang

Irvine, CA
Amelia Robinette

Falls Church, VA

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Roy Kelley

Retired - Gaithersburg, MD

You can probably put a home in the name of the minor but the minor will not have the capacity to sell the property. This could be a bad decision.

Nov 14, 2015 11:04 AM

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Abby Wang

Irvine, CA

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Bruce Parker

Best Realty - Highland Park, NJ

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a minor can buy a house. Just can not sell it. (to sell a competant grantee is needed)

Nov 14, 2015 02:41 AM

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Abby Wang

Irvine, CA

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Amelia Robinette

NoVa House and Home - Frankly Realty - Falls Church, VA

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Definitely a legal question, refer to an attorney.

Nov 13, 2015 11:14 PM

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Abby Wang

Irvine, CA

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Jeffrey Jones

AZ Home Seekers - San Tan Valley, AZ

AZ Home Seekers, azhomeseekers.com

Last Time I heard they can buy. But they wouldn't be able to sell until they were 18 to execute a listing agreement and sale contract.

Nov 13, 2015 10:39 PM

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Abby Wang

Irvine, CA

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FN LN

Toronto, ON

You should refer the client to their real estate lawyer and other lawyers who specialize in this type of matter. There may also be tax implications so you refer the client to their tax advisor.

Nov 13, 2015 07:17 PM

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Abby Wang

Irvine, CA

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TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

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Good Saturday morning Abby. I do not think that it is possible. Most states require the age of 18. Talk with your broker or seek the advice of an attorney.

Nov 13, 2015 05:16 PM

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Abby Wang

Irvine, CA

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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Abby Wang I do not think it is - however, best person to ask this is the attorney.

Nov 13, 2015 03:36 PM

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Abby Wang

Irvine, CA

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Troy Erickson AZ Realtor (602) 295-6807

HomeSmart - Chandler, AZ

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Abby - That is a great question. I am sure that there is a way, but each state may be different. Obvious answer, like everyone else said, is to check with an attorney.

Nov 13, 2015 03:02 PM

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Abby Wang

Irvine, CA

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Mark Don McInnes, Sandpoint-Idaho

Sandpoint Realty LLC - Sandpoint, ID

North Idaho Real Estate - 208-255.6227

Hello Abby. I was curious to read the answers. Many seasoned veterans advising the counsel of an attorney. I like it. Mark

Nov 13, 2015 11:28 AM

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Abby Wang

Irvine, CA

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Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

It isn't in TN. Check your state laws. They could probably set up a trust but I am not attorney and that is the person that could find a way.

Nov 13, 2015 11:25 AM

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Abby Wang

Irvine, CA

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Larry Johnston

Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN

Broker,Friends & Neighbors Real Estate, Elkhart,IN

I would think he would have to be 18, but the laws vary in each State. I would suggest checking with a California Attorney.

Nov 13, 2015 11:10 AM

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Abby Wang

Irvine, CA

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

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Good question for an attorney, but I would not know.

Nov 13, 2015 10:47 AM

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Abby Wang

Irvine, CA

Rainer
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Mike Rock

Complete Design - Granite Bay, CA

Granite Bay Luxury New Construction...For Less

I dont believe ownership is an issue as long as they have ID. As long as the baby has legal residence. Im thinking something is up thou... as you do as well. Title will know for sure

Nov 13, 2015 06:19 AM

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Abby Wang

Irvine, CA

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Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

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Is she paying cash?

Nov 13, 2015 10:15 AM

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Rainmaker
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William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

You need good legal advice...I am thinking they may be able to using a trust but just a guess

Nov 13, 2015 09:53 AM

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Rainmaker
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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

I don't believe so. Adults as trustee who can sign doc and notary with id

You can also ask title company.....

Nov 13, 2015 09:28 AM

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Rainmaker
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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Disregard my original comment, I didn't see the "just born" part. Definitely get a lawyer involved. This isn't normal and could be "hinky".

Nov 13, 2015 09:11 AM

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Rainer
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Val Evans

Scottsdale, AZ

Your client can set up a trust in the childs name and designate themselves as the trustee. It's done all the time.

Nov 13, 2015 08:55 AM

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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

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Abby,

An attorney can answer the question perfectly. A

Nov 13, 2015 08:06 AM

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Rainmaker
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Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

I don't think so. Could vary by state, but I think you have to be 18.

Nov 13, 2015 06:37 AM

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Rainmaker
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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Time for an attorney!

Nov 13, 2015 06:33 AM

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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

my advice would be to speak with a real estate attorney about the matter. Not only buying would matter, but also selling could be an issue. I know in my state a minor's signature on a contract makes it voidable.

Nov 13, 2015 06:22 AM

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The scenario you list is a big NO, at least in FL. A minor can't be held responsible for paying taxes, condo HOA's etc. Possibly a trust would work in this case.
Good morning Abby. It sounds like it could be handled with a trust with the child as the beneficiary.

Make it a great weekend!
You can probably put a home in the name of the minor but the minor will not have the capacity to sell the property. This could be a bad decision.
a minor can buy a house. Just can not sell it. (to sell a competant grantee is needed)
Last Time I heard they can buy. But they wouldn't be able to sell until they were 18 to execute a listing agreement and sale contract.
You should refer the client to their real estate lawyer and other lawyers who specialize in this type of matter. There may also be tax implications so you refer the client to their tax advisor.
Good Saturday morning Abby. I do not think that it is possible. Most states require the age of 18. Talk with your broker or seek the advice of an attorney.
Abby Wang I do not think it is - however, best person to ask this is the attorney.
Abby - That is a great question. I am sure that there is a way, but each state may be different. Obvious answer, like everyone else said, is to check with an attorney.
Hello Abby. I was curious to read the answers. Many seasoned veterans advising the counsel of an attorney. I like it. Mark
It isn't in TN. Check your state laws. They could probably set up a trust but I am not attorney and that is the person that could find a way.
I would think he would have to be 18, but the laws vary in each State. I would suggest checking with a California Attorney.
I dont believe ownership is an issue as long as they have ID. As long as the baby has legal residence. Im thinking something is up thou... as you do as well. Title will know for sure
You need good legal advice...I am thinking they may be able to using a trust but just a guess
I don't believe so. Adults as trustee who can sign doc and notary with id

You can also ask title company.....
Disregard my original comment, I didn't see the "just born" part. Definitely get a lawyer involved. This isn't normal and could be "hinky".
Your client can set up a trust in the childs name and designate themselves as the trustee. It's done all the time.
I don't think so. Could vary by state, but I think you have to be 18.
my advice would be to speak with a real estate attorney about the matter. Not only buying would matter, but also selling could be an issue. I know in my state a minor's signature on a contract makes it voidable.