Bay Area firm lets buyers move in first, make down payment later

A San Francisco-headquarted company is offering homebuyers the chance to move into their chosen home up to five years before making their down payment.

With the Bay Area’s highly priced market making it unaffordable for many would-be first-time buyers, ZeroDown says it is transforming real estate by enabling buyers to make all-cash offers with no contingencies and get the keys to their new home within 7 days.

“Ask anyone in the Bay Area and they aren’t sure they can afford to buy a home,” said Abhijeet Dwivedi, CEO and Co-Founder of ZeroDown. “Now we’re giving buyers the power and flexibility they need to purchase the home of their dreams. We are the first real estate company to directly address the San Francisco housing market and are excited to see the impact we can make.”

ZeroDown has raised $30M in funding to date from investors including Sam Altman and Goodwater Capital.

Partnering with real estate agents

It is partnering with real estate brokers and agents with the aim of creating lasting relationships with customers.

The firm launched its platform last week and says it is “starting in the Bay Area” suggesting expansion to other markets is ahead.

“There has been so much innovation in real estate tech in the Valley, but no one is tackling the toughest housing markets,” said Eric Kim, Co-Founder and Managing Partner at Goodwater Capital and lead investor in ZeroDown. “Goodwater is invested not only in ZeroDown’s experienced team, but their product that hugely benefits consumers who face a housing market often out of reach. ZeroDown is redefining the home buying experience for Bay Area residents and beyond.”