Homes for sale in the U.S. have been receiving five offers on average, and almost a quarter of transactions wind up being all-cash deals. Not surprisingly, younger buyers are getting frustrated as they continue to lose out to those who don't need financing or are making much larger down payments. Those fortunate enough to have relatives with the means to help may be appealing to them now more than ever before.
But what's the safest, most effective way to provide financial assistance? Generous parents or grandparents need to keep in mind the potential tax implications, along with the possible detrimental effects on their retirement savings or credit profiles.