How to be a Cash Buyer with only 5% Down

For most first-time home buyers looking to buy in San Pedro, Rancho Palos Verdes, or any of the other South Bay neighborhoods, competing in a hot market can make you break a sweat; especially if you are like most buyers and do not have 20% down to buy a home. If you are like most potential buyers thinking about buying a home, the thought of saving 20% for a down payment can load most eyebrows with sweat, especially with today’s prices being what they are. Although it is not impossible to compete with the cool cash and breezy 20% down buyers, it is no secret that most sellers and listing agents prefer working with buyers that have stronger financials. But what if we could turn your dry “5% down, 30-day offer” into an oasis-like “100% Cash, 10-day offer”?

With one of our partner’s new programs, you absolutely can! HomeLight Cash Offer allows buyers who qualify the ability to purchase a property in CASH, under their name, with the ability to close in 10 days. Eligibility:

  • A credit score of 620 or more,
  • A maximum debt-to-income ratio of 49.9%
  • A minimum down payment of 5% down depending on the loan type
  • Maximum loan amount: $2,000,000

Interested? Learn more!

Who is The Prestige Team?

Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes.  We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!  

Learn more about us below!

Before After

For our Buyers:

Added Benefits When Working With Us

Contract Knowledge

The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!

Expert Negotiators

As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

On Every Listing:

Need Additional Assistance? We Specialize in that!

Decluttering & Emptying Properties

Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!

Schedule Management

Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

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