Yes, it is possible, but you need to know some key points

Can the child sign the contract in person?

Since minor children do not have full civil capacity, they cannot sign a house purchase contract with the house seller on their own, so parents need to help the minor children sign a house purchase contract with the house seller. Before signing a house purchase contract, parents must provide the minor child's household registration, parents' ID card, guardianship notarization and other relevant materials before they can sign the contract for the minor child.

Can I pay less transfer tax?

In second-hand house sales transactions, whether you buy a house in the name of your parents or in the name of a minor child, you must pay corresponding taxes and fees. Moreover, when purchasing the same property in two names, the amount of taxes paid is the same. shqianyy

However, parents who buy a second-hand house in the name of their minor children can avoid the taxes and fees they need to pay when transferring the property to their children again in the future. If parents gift a house to their children, they need to pay 3% deed tax and other fees. If the parents sell the house to their children, the house must be owned for more than five years and the area is less than 90 square meters, and they need to pay 1% deed tax. And if parents directly transfer the property rights to their children when purchasing a house, there will be no problem of transferring the property again, so these taxes can be saved. ”

Can I apply for a loan?

Although minor children can buy a house alone, they often do not have the ability to repay debts, and banks grant loans to natural persons with full civil capacity. , therefore underage children cannot obtain bank loans when buying a house.

Normally, when underage children buy a house, their parents pay the full amount. However, parents with limited financial resources may wish to try to buy a house with their parents as partners. In this case, the parents can apply for a partial loan from the bank and bear joint responsibility for the repayment with the minor children.

Can they handle the transfer in person? When minor children buy a house, their parents often help them complete the transfer procedures. In addition to submitting materials according to the normal house transaction registration procedures, parents also need to submit some additional materials to help their minor children handle the transfer, including the child's household registration book or birth certificate. After preparing all the materials such as ID cards, parents’ ID cards, and guardianship certificates, parents can go to the corresponding real estate registration center to go through the house transfer procedures and transfer the property to the name of the minor child.

Can parents dispose of their children’s property at will?

If a minor child buys a house, his or her parents cannot dispose of their property at will. my country’s protection of minors’ property is relatively strict. Parents, as guardians, can sell the name of their minor children. In order to sell the property under the name of the minor child, a statement stating that the property is being sold for the benefit of the minor child must be provided, as well as a certificate signed by the guardian to ensure that he or she has the guardianship qualifications. Otherwise, the parents can sell the minor child at will. The property in the child's name may trigger litigation or even be invalidated by the court.