how I bought a house at 23 years old 💸 house hunting, financing, costs, negotiating, tips & advice

[@jazminb8853]

good job. i bought my first house at 24 and just now paid it off six years later. 200K debt gone. being a home owner is amazing.

[@bluezklewz8351]

Omg when you said 3-4 bdrms for 200k my jaw dropped lol. I live in the Bay Area and that is easily $1m or more if youre in a nice area.

[@selenacara1940]

I’m not planning on buying a house anytime soon but it was still interesting to learn about the process. Also the ending was so cute I’m really happy for you!

[@sarahpan]

thank you for the support selena!! 💗🥰

[@selenacara1940]

@@sarahpan always 🥰

[@NicoleBernadette]

Same here!!☺️

[@jaydenpizza10]

@@sarahpan break up with boyfriend

[@emmyferrier]

you’re sooo lucky with that price and the house is beautiful 😩 a small town house in Toronto is like 800k just as a starting price. I’m never gonna be able to move out 💀💀

[@sarahpan]

oh my, i definitely could not afford a place elsewhere haha 🥲 u gotta move out to a small suburb somewhere random haha

[@carendestiny]

We close on our home on Tuesday and I’m so damn excitedddd!!! My husband and I are 22 and 23 with a toddler and one on the way. I’m so grateful to be able to get a house and have a stable home for our kids! Also I can’t wait to paint everything whatever colors I want lol!

[@sarahpan]

omg i hope closing went well!! also congrats on the new home 🥳🎉 that’s such a big milestone and i’m so happy for you and your family!! sending all my love ❤️

[@mrs.natashaellwood8634]

Congratulations!!!

[@obifromohio3006]

congrats!!

[@rotienoxoxo]

Wow - I'm so impressed by how resourceful you are! I'm turning 30 in December and would love to buy a house in the next 5 years. It's cool to see someone so young that lives in the NYC area find home near their family! I would love to do the same thing. Thank you for the inspiring, informative content!!

[@chaeyoungsstrawberryfarm3327]

I’m learning at a young age how to be free with money (not necessarily rich but not having to constantly worry about money) because seeing how much my parents dealt with it makes me wanna invest, save and spend money wisely:)

[@sunkissednae1985]

I had so many agents coming at me and offering different options & so many broken promises 😩 my home buying process ended up dragging on for 8mos! All the ups & downs and biding drove me crazy. Im giving it one more shot now. I’m so thankful for this video!

[@sarahpan]

i'm so sorry the process was so long and stressful for u!! :( hopefully things work out better this time (and the hopefully the bidding wars aren't too bad) 💓 sending all my love and support

[@vinniequakennedy222]

Omg the bidding is driving me NUTS. I definitely feel you

[@zane2302]

This was the best advice I've ever heard for buying a home. Like you said, we don't learn this stuff in school so I'm super thankful that you made this video. Thank you for taking the time to share this info. with us!

[@Misunderstvnd]

I bought a house in October last year and it was an insane process with how quick the market is right now. We ended up with the house we really wanted even after being told someone waived the inspection, we thought that meant they'd pick that offer. We were so excited when we found out we got it. We've had loads of issues so far though, our furnace decided to stop working on a Saturday during the winter and it was super expensive to fix. Then we discovered a major leak in our bathroom with really bad water damage because the previous owners put a screw through a pipe 🙃 just make sure to have extra savings on hand just in case.

[@JazminMortimer]

Would be interesting to know how you saved so much money - I imagine you lived within your means and were able to save that way so would be cool to know about your lifestyle and what you spend your money on before you bought a place

[@NicoleBernadette]

The idea of buying a house feels a lil far for me at the moment but it's definitely something I'm working towards!! This video was insightful and helpful - motivational too!!

[@CynicalDuchess]

okay so basically what I got from this video is when Its time for me to buy a house, I'm gonna call you up, and you will teach me your ways.

[@TreisiGomez]

Aww your dad at the end cheering you on how cute 🥰 awww I’m so happy for you girl doing great things

[@sarahpan]

my dads the cutest 🤧 also thank u for the support treisi!! i hope you’re doing well 💖

[@janice3230]

So helpful!! Definitely will be referring back to this video if and when I buy my own house in the future, even if that could be in another few years

[@sarahpan]

thank u for watching janice!! i hope this video is helpful at some point hehe 😊

[@Gutalaxlover]

this is actually so helpful like i’m in no way looking for a house but now i’m at least a little prepared

[@alexasunshine83]

ahhh im just so happy for you!!!

[@sarahpan]

eep thank you alexa!! 💗

[@PurpleFanatic]

So happy for you to find a place you're happy with! Thanks for explaining your process, i've not yet decided to look for my own place, but in the very near future with my spouse, I definitely want to. This gave me a lot of insight into the long process, thank you again! Watched the house tour video, beautiful house. Love your videos and appreciate you sharing your experiences

[@cooltrucly]

you’re so lucky you got a 2.6% rate 😭 i’m in your shoes now, 23, just got through my first year working in nyc, looking to buy a home in the DMV… but facing a rate of almost 8% 💀

[@BabyAngelBella]

Planning on a buying my first home in a couple years. This was helpful!

[@jesisreading]

thank you so much for this!! i'm starting to look for my first place and definitely need all the advice i can get

[@jesisreading]

@@roxxandra thank you!

[@sarahpan]

ofc!! also good luck with the whole process ❤️

[@selenacara1940]

Okay I’m only a few seconds in but YOU LOOK LIKE A MERMAID AND I LOVE IT !

[@TreisiGomez]

Girl this is so helpful in so many ways also you learned so much woahh

[@TineruHarlem]

I think Sarah Pan is my current favourite KZbinr❤️

[@sarahpan]

omg this just made my day 🥰

[@TineruHarlem]

@@sarahpan That makes me so happy!❤️🥰

[@sassysailormoon]

Thank you so much for this! I am graduating and trying to figure out my housing situation, and this is a process that I needed to learn!

[@jaz_oncampus]

This was beyond helpful! Thank you

[@xBabyRawrX]

thank you! this will help me :) i invest in my roth every year just to use it for my future house lol

[@sarahpan]

you’re welcome!! also very smart move investing in your roth 😊✨

[@asandy4555]

This is great! I was thinking of buying a house soon but was advised by family and my bf not to soon. My plan is to have passive income after buying and remodeling at least 2 houses, then go from there 🥰

[@evanl5837]

I cant belieeeeve you got this house for that price!! Here in the Netherlanda the house market is so fucked up that you can hardly get a small apartment for that price 😅 congrats on the house girlll it looks so great 😍

[@Tearituplikewasabi]

The comment below this says the same about Germany omg I thought y’all had a good economy going on over there

[@evanl5837]

@@Tearituplikewasabi hahaha we have a great economy dont get me wrong but some systems in our country work in a very shitty way. Another example like the house market is how much debt most dutch students end up in bc of student loans after they finish college.....which also makes u less eligible to apply for a loan at the bank ik you even wanna attempt to buy a house in the future 🤡 theyll be like nah get that 20000 euro student loan outta the way first and then we'll see if we give u money😅

[@Tearituplikewasabi]

@@evanl5837 so higher education gets you in debt over there too?! Y’all aren’t much different from the US as I thought

[@evanl5837]

@@Tearituplikewasabi corrrrrect! Haha true were really not that different

[@isabellasingson6513]

thanks for this video sarah!! it was very helpful as i plan on renting a home soon. also, i was wondering if you could do a video on where you get your jeans from (baggy or skinny, it doesn’t matter what type of jeans) im probably just as tall as you and its super hard to find baggy jeans that wont flood around my feet haha

[@sarahpan]

ofc!! i have an older jeans collection video kzbin.info/www/bejne/naeaeH1mg7asbqM but maybe i’ll make an update one sometime soon since i’ve collected some more recently 😊 lately i’ve been getting jeans from yesstyle and thrift stores, so hopefully that helps!! 💕

[@isabellasingson6513]

@@sarahpan thank you so much!

[@isaraguse7905]

I just encountered your channel yesterday and I am in love with your content 🥰❤

[@elle7581]

My husband an I are looking for homes, but small avergage family homes where we live cost over 1million... but our family lives here and we don't want to move far away. Its a tough scenario 😩

[@DJ-unome]

I’m getting ready to buy a house and this information was really useful. Thanks fir sharing.

[@lalahana111]

If you are gonna live for a short period then just rent. But if you saved a lot of money for buy a home or if ur parents are kinda rich to buy a home for u then u r lucky. I have a home in my country but as I moved to another country, first im gonna rent. Not sure about to sell my home as the country where im living now dolar is better so I could buy a home and a car with money of my home. 🤔

[@maria.sh8518]

Congratulations! 🎉🎉🎉🎉🎉 Thank you so much for such a helpful video!

[@vincemiko8159]

very informative video👍👍👍absolutely loving it💕💕would love it more if the tempo could be slower 😁😁😁perhaps its just personal preference thing🤦‍♂️🤦‍♂️

[@TeasiaBattle]

This was fun to watch and super informational. So do you pay a morgage in Maryland and rent in NYC?

[@violettababenko4847]

You don't need to talk to only one agent. That's what they tell you because they don't want your business to go somewhere else. Once you've talked to a couple then choose one that you will house hunt with. Someone who didn't pressure you and deserves your business.

[@boroyalty6281]

actually you could have put the entire amount thatt you are eligible for in your retirement account. Then pay your house and nott gett taxed on that amount.

[@mischap.4740]

So you pay for the house and for your appartment in NYC at the same time? Wow!

[@andreasvieirag]

Hey Sarah! I was wondering, what do you plan to do re your new home once your tech company requires employees to return to office? I relate with a lot of your experiences also in tech and this is something that's held me back from buying a place!

[@Tearituplikewasabi]

What happens if you end up wanting to move into a different house during your 30 year payment plan? Would you be able to sell the house to afford the new one?

[@sarahpan]

i could either sell or rent out my place whenever i decide to move to a different house!! selling it would allow me to buy another one, although the process might take longer ✨

[@emeryy9345]

Very helpful

[@otonxkeren]

girllll im digging your hair color

[@heyitsnoonie]

SARAH i know unrelated to the topic of the video but where are your glasses from???

[@sarahpan]

these are from ace and tate! the style is called neil :)

[@lunamaybe8038]

houses in america do be really cheap in some cities here in germany you wouldn't even get a small flat for 250k damn

[@karinabliss2671]

it really varies depending on the state/region, and its much more spread out than europe/cities where im from you really cant get anything for 250k because its considered a suburb on a large city

[@sallydames5867]

That dream is hard to achieve in Toronto, with houses pricing up to the millions :/

[@lenalzheng]

Where are your glasses from? I like it a lot

[@adradaadrad326]

are the houses cheap in maryland, i just dont see how a college student would have enough money for a down payment. Between student loans and trying to afford food, I just don't see that happening

[@bikothrifto]

In comes the idea of privilege! I know nothing of the person in this video but there are plenty of people who go to college without ever needing to take out student loans, pay for rent, or even food! When parents are able to *fully* fund their child's college experience, that child can theoretically be in excess of over $100k in comparison to students who had to take out loans every year, pay for their own rent, etc. Just the ability to save all of the money made during summer internships is insane!

[@sarahpan]

I'd say houses aren't too cheap in MD, but definitely much better than big cities! while i didn't have the luxury of a financially stable background growing up, I did go to a school that gave me full financial aid all 4 years and that allowed me to graduate without any student loans. I also saved a lot on rent by living at home during the pandemic (~$25k that I would've spent on renting in NYC), and have been working as a software engineer since graduating. it's definitely not everyone's situation, but I was fortunate enough to save up because of my school's generous aid policy. What Jackie says is definitely common too though, there are kids who have a lot of financial privilege and are able to do the same without as much debt because of their family - it was different for me but I hope this provides some insights!! ❤️

[@rayofsunshine107h]

@@sarahpan Certainly your career choice helps a lot. Something for college students to think about if they have visions for their comfort level.

[@juliexiong4124]

Thank you for sharing this Sarah! I’m 22 and uhhh I am still living with my parents lol 😅. But I am looking towards buying a house too

[@naur8331]

LOL me too! don’t worry it’s super common for this as living prices are astronomical.

[@juliexiong4124]

@@naur8331 yeahh lol I'm glad others can relate too. I live in Cali so the prices here are ridiculously highhh. TT^TT

[@priusa8113]

Where in Maryland?? My mom lives in waldorf md lol

[@bora.tae2127]

this video has made me realize how financially illiterate I am, I don't know where to start as a 20 y/o

[@TheSkyrimette7]

Ahahah same, I'm 21 ans still at my parents house, with no job or driver license

[@snowchips9596]

@@TheSkyrimette7 Don't worry I'm 23 and jobless as well 😭

[@mandeep3.14]

Less than 300k for home’s that size?! 👀…woah.

[@robinv4635]

I don't think it's dumb to not invest in stocks for example because it depends on your plan. If you have a short time horizon because you're going to invest in a house early aged and you need the money therefore it's better to not invest in the stock market. The stock market could have easily gone downwards in that short period of time and it would be dumb than if you had to sell shares to have cash.

[@sohaibowais1405]

Great video

[@mrs.natashaellwood8634]

I wish :( I'm 23 and my hubby is 28 and we live just south of Toronto. The averge home price in out town is 1.2 million.... you can't even get a 2 bed starter townhouse for under 500k here... Would love to save up a down payment but our rent is $2700/month for a 2 bed basement..... -.-

[@user-df4wr7qp2d]

you may not want to say this but how much in total

[@lakeishajohnson404]

That's what no one talks about. She said she had 25k saved in total, but how much was left, if any AFTER the whole process???

[@robscherer]

Wait Sarah you're from Maryland!? I live in Frederick, MD, and am attending Hack Reactor. Would love to connect and gain insight from you...if possible?

[@ComfyCosi]

What glasses are those?

[@alexalienmoon139]

Own house ? At 23 ? How ?

[@Kevin-sm8pn]

Work in your teens and early 20s and save save save while having low expenses. You can't expect to save money when you don't have a job and you're spending money you don't have.

[@zooya211]

I am so happy for you!!! But I need to know why you are absolutely gorgeous -.-

[@xii275]

is that Sarah Pan is your real name?

[@lindadrinks-johnson1904]

Why didn’t you get an attorney. You also needed a certified home inspector. I hope you got title insurance and added all insurance into your monthly mortgage.

[@rigelr5345]

Hmmm I wonder what her job is.... *clicks around* Google software engineer. Ok, that helps lol

[@LikeFunnyMovies]

Can you explain to me why it Takes 30years to pay for the House? Salary ist around 150k -200k , right?

[@moommoom6915]

@@LikeFunnyMovies Bc a mortgage is usually paid off in 30 years even though she makes a lot a lot of it comes out as expenses

[@rayofsunshine107h]

@@LikeFunnyMovies great questiin...wish more would think like you do....if you have more go on and pay it...all 30yrs do is make the bank richer.