Gifting a down payment to your kids is like waking up on Christmas morning and seeing that ONE gift you dreamed of getting sitting under the tree.
It’s life changing. It makes you feel good. You know you’re doing something to benefit their lives and wellbeing.
Because let’s be honest—buying a home is expensive. Depending on the home price, loan type and percentage down, a young adult I looking at anywhere between $12,250-$40,000 right outta the gates for a down payment.
That doesn’t include closing costs, inspection fees, sewer scope fees, earnest money, and all the little costs that go into officially making a home their own.
One creative way to help your adult kids out is to gift them a down payment (amount determined by each family and their individual financial situation).
Maybe you’ve got a big savings account? Maybe you’ve inherited some money? Maybe there’s a special fund you set up for your kids for college and they didn’t end up going and it’s just sitting there?
Swipe through some information on gifting your adult child a down payment (let’s call it an early Christmas/birthday/graduation gift)….and help them in their path to homeownership and be a part of their built-in savings account through owning real estate.
Parenting is fun, and it’s fun to be able to love on your kids in ways just like this.
Click LEARN MORE to set up a phone call where you and us can really talk through what planning for your future looks like.
