Episode Details

Parents are stepping in to help kids buy homes — but they’re seriously underestimating the hidden costs that can balloon the first-year budget by nearly four times. From repairs and moving to seller concessions, first-time buyers may face surprise expenses of $36,000 or more. Real estate agents must guide families through the full financial picture, including inspection gaps and budget overruns. Before handing over cash, parents should assess their own retirement security, while kids need to prove they’re ready for the financial and emotional weight of homeownership. This big gift demands a solid plan — involving CPAs, estate planners, and honest family conversations to avoid tax headaches, inheritance snafus, and future conflict.

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