In Port Richmond, this new homeowner found a way to buy her house without sacrificing all her savings | How I Bought This House

The buyer: Sindhu Nair, 46, product manager

The house: a 1,254-square-foot rowhouse in Port Richmond with 3 bedrooms and 2½ bathrooms, built in 1925.

The price: listed for $315,000; purchased for $325,000

The agent: Rachel Shaw, Philly Home Girls

The ask: The first time Sindhu Nair tried to buy a house, the deal collapsed the day of closing. A lender told her last minute that he couldn’t approve the loan after all. The experience left such a sour taste that she stepped away from the market for years. But by 2025, she felt ready to try again, especially after seeing how much money she had sent her landlord on Cash App in the past two years. She was done giving her money to someone else, she said.

Nair had been looking for a house for years and knew what she wanted. “I trusted my gut instincts,” she said. She needed at least two bedrooms and a bathroom on the ground floor. She also wanted a small backyard for her dog and access to easy street parking. She limited her search to the Port Richmond area. “My dog walker lives in this area,” Nair said, “so I’ve been in the neighborhood a lot, and it’s just so cute.” Her budget was $350,000.

The search: Nair began her search in July. The first place she toured had two private parking spaces but needed a gut renovation. “I didn’t want to take on that financial burden,” she said. She visited two other open houses that afternoon. Both appealed to her, and she hoped to make an offer on the less expensive one, but it already had two bids. She would have had to offer well over the $250,000 asking price to be competitive.

Meanwhile, the pricier home — the one she actually preferred — had no competing offers. After running the numbers and realizing the difference in cost was smaller than she expected because of the competing offers, she shifted course. “I decided just to go for the house that I wanted,” Nair said.

The appeal: Nair says she knew she had found the one as soon as she stepped inside. “I think the universe was ready to provide me with this house,” Nair said. The light looked amazing, the space had a “good vibe,” and the backyard was the perfect size for her dog, Scotty. She loved that it was move-in ready. “Whoever rehabbed it did a beautiful job,” Nair said.

The deal: The seller’s agent told Nair at the open house that the seller was motivated and willing to offer a seller’s assist, which is when the seller agrees to cover a portion of the buyer’s closing costs. Nair and her agent asked for enough to cover nearly all of Nair’s closing costs.

In return, Nair offered $325,000 — $10,000 over the asking price — even though there weren’t any other offers. “We wanted to make sure that with the seller’s assist, she was still going to make a profit,” Nair said. She views the seller’s assist as a tool she used to keep more money in her bank account after she purchased the home. “It has nothing to do with financial stability,” Nair said. “It’s a financial tool that people should take advantage of.”

The seller accepted Nair’s offer and agreed to the amount for the seller’s assist.

The money: Nair began the year with about $60,000 in savings, but she used roughly half to pay off her private student loans. “They’d been the bane of my existence,” she said. “I imagined being 70 or 80 years old with debt collectors still calling me.” Paying off that balance left her with about $30,000, money she had saved gradually over the years. She didn’t want to use all of it for a down payment, though. “I wanted to have a cushion for anything that came up after I bought the house,” she said.

To keep more cash on hand, she worked with her lender to take out an FHA mortgage, which requires as little as 3.5% down and allows sellers to contribute to closing costs. With a seller’s assist, her out-of-pocket contribution dropped to around $10,000. Without it, she would have paid closer to $20,000. “It’s my first home,” Nair said, “and I’m proud of the strategies I used to get it.”

The move: Nair closed on the house on Aug. 25, a few days earlier than planned. The original closing date was Aug. 28, but she asked to move it up so she could leave her apartment before Sept. 1 and avoid paying another month of rent. She admits she was nervous while she waited for her mortgage to be approved. “I was sweating because of my first experience,” she said. “But my lender kept telling me, ‘Nope, you’re good. I would have told you if there was an issue.’”

Once her approval came through, she began lining up help. She hired someone to assist with packing and brought in movers for the actual move, but the two-step arrangement proved more frustrating than she expected. “I realized I didn’t save any money, and I just gave myself a headache,” she said. Next time, she plans to hire a company that handles everything — packing, loading, unloading and unpacking — in one coordinated sweep.

Any reservations? Nair says she doesn’t have any regrets about the purchase. “I think I got lucky, and I feel very proud of myself for having this accomplishment,” she said. She’s thrilled to have paid off her student loans and bought a home in the same year, and she hopes her experience sends a message to others. “I want people to know, especially single women, that you can do this,” she said. “It’s not easy; it’s very hard, but it’s doable.”

Life after close: A Halloween housewarming party forced Nair to get the main parts of her house unpacked and organized, but there is still work to be done. She just started unpacking her basement and is getting ready to set up her office in the smallest bedroom. She’s not sure what she’ll do with the other bedroom. It currently houses an animal. “I have a cat that I’m fostering,” Nair said, “and that’s her bedroom.”