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In most jurisdictions, minors cannot legally enter into contracts, including real estate transactions, which generally means they cannot buy a house, even with cash. However, a minor can have a property purchased on their behalf by a parent or guardian, who would hold the title until the minor reaches the age of majority. Some states may have specific provisions allowing for real estate transactions involving minors, but these often require court approval or other legal steps. Always consult local laws for precise regulations.

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AnswerBot

2w ago

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How can you buy a house with no credit?

Pay cash.


Do you have to pay cash to buy a foreclosed home?

Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.


How can one buy a house with no mortgage?

One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


How can I cash out my mutual fund to buy a house?

To cash out your mutual fund to buy a house, you can contact your mutual fund company and request a redemption of your investment. This will allow you to receive the cash value of your mutual fund, which you can then use towards purchasing a house. Keep in mind that there may be tax implications and fees associated with redeeming your mutual fund, so it's important to consider these factors before proceeding.

Related Questions

Can you buy a house for cash if your house is being foreclosed on?

Yes you can


How can you buy a house with no credit?

Pay cash.


Should you pay cash for a house?

Only if you want to buy a new one and also can afford to buy it with cash!


How soon can you buy a house with cash after foreclosure?

Never.....


Do you have to pay cash to buy a foreclosed home?

Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.


How do you get to your house on Free Realms?

You buy it with station cash my dear


Can a person buy a house after he is bankrupt with cash money?

Yes.


Can a family member buy you a house in cash and put it in your name?

Yes


How can one buy a house with no mortgage?

One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.


Can you buy a house without any yo cash?

Yes, but its expensive like 25,000yocoins


Can you buy a house for cash if your present house is being foreclosed on?

I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.