Per the Redfin Survey,
If you include the other 16% of Gen Z and Millennials above who expect to use an inheritance to help fund a home purchase, over 50% expect some help from family. Many parents, who have dramatically benefited over the years from a robust stock market and the same trend of dramatic home appreciation, plan to accommodate this need to assist their children one way or another. The question then becomes the best way to structure the assistance.
Assuming a parent is in a position to help, there are numerous strategies that can be deployed to assist a young home buyer, depending on the means available and the specific approach the parent prefers. There are pros and cons to the various approaches and considerations to contemplate, and the duration of this article is dedicated to examining different tactics so
parents who are able and willing to assist can understand what to expect from each strategy.