7 Tips for Buying a House from a 14-Year-Old Homeowner

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Home prices have declined by more than 33 percent from their July 2006 peak, foreclosures may be set to rise again and the economy just isn’t providing a lot of hope that the “good old days” of high home prices will be back anytime soon, leaving many potential home buyers on the sidelines hoping for better times ahead.

Except for 14-year-old Willow Tufano. In March, the young teen made news by buying a house with cash in Port Charlotte, Florida, for $12,000. And the bold move wasn’t just youthful naivete — this business-savvy girl knows what she’s doing (even if the laws in Florida meant she had to buy the home through her mother). Read more about how she did it – and what you can learn from it – in my new article on GoBankingRates.com: http://bit.ly/ODc4yB

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