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  1. #1
    Join Date
    Aug 2005
    Location
    Maine
    Posts
    2

    Default Minimum Age for Buying Real Estate

    Let's say you're 16 or 17, became emancipated, and wanted to buy an apartment or something and had the money for it. Could you? Or do you HAVE to be 18?

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,656

    Default Real Estate Ownership & Emancipated Minors

    In most states, an emancipated minor has full contract rights. However, a seller or landlord may nonetheless be reluctant to deal with a minor, particularly if (a) they are in a state where the minor's status as emancipated could end, and/or (b) no adult is willing to cosign. Minors typically don't have much by the way of either a rental record or credit history.

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