How Old do You have to be to Buy a Home in NC?

This should be an Easy one...Right?

But I just got off the phone with the NC Real Estate Commission, and the answer met my expectations, but with a Little Twist.

1) You have to be 18 Years old to Sign a Legally Binding Contract.

2) But you can be as old as you want, to actualy Buy a home...... from 0+. If you have got the cash, you can leagally own real property in NC.

3) You must be at least 18+ in order to get a mortgage, some banks have the requirement of being at least 21+. But the Law is 18+

For Example in order to Write a Legally binding contract you need to be 18+. You can still write one at age 12 for example, but can get out of the contract easily for just being a minor. But once the Deed is recorded, then the home is Yours, no matter your age.

So the moral of the Story...If you've Got the money, you can buy Real Property...no matter your age. But if you want to write a legal contract and get a mortgage, you must be at least 18+.

Happy Buying in NC!!!

Brian D. Wray

Broker / Owner

Wray Realty

www.Triangle-NC.com

919-880-4188