Offerpad Brings Tech-enabled Home Selling and Buying to Kansas City and St. Louis
September 20 2021 - 9:02AM
Business Wire
Sellers can become competitive buyers with a
24-hour cash sale or a custom open-market listing
Kansas City and St. Louis, Missouri are the newest available
markets for Offerpad (NYSE:OPAD), a leading tech-enabled platform
for buying and selling residential real estate. Offerpad’s Real
Estate Solutions Center is now available in 20 markets and nearly
1,500 cities and towns nationwide following today’s launch of its
two new Midwest markets.
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Kansas City and St. Louis, Missouri are
the newest available markets for Offerpad (NYSE:OPAD), a leading
tech-enabled platform for buying and selling residential real
estate. Offerpad’s Real Estate Solutions Center is now available in
20 markets and nearly 1,500 cities and towns nationwide following
today’s launch of its two new Midwest markets. (Graphic: Business
Wire)
“Kansas City and St. Louis mark our first entry into new markets
as a publicly traded company that is transforming the way people
buy and sell homes,” said Brian Bair, Offerpad’s CEO and Chairman.
“With each new market, we provide more buyers and sellers with an
easier, more convenient on-demand real estate experience that puts
them in control. With the dedicated efforts of our Kansas City and
St. Louis general managers and their teams of local experts, we
look forward to making an impact in the real estate ecosystems in
our two new markets.”
The company’s Kansas City operations are run by General Manager
Brian O’Banion who brings 15 years of real estate experience to
Offerpad's new market. “Offerpad brings something very unique to
our neighbors here – in today’s highly competitive real estate
environment, and always,” said O’Banion. “We empower people to buy
and sell homes with unprecedented freedom, convenience and
control.”
Through its exclusive online Real Estate Solutions Center at
offerpad.com, Offerpad provides home buyers and sellers with
multiple options for relieving the headaches and stress commonly
experienced with typical real estate transactions.
- Using Offerpad EXPRESS, the company’s flagship iBuying
solution, homeowners can receive a certain cash offer within 24
hours and choose their own closing date with no inconvenient home
showings or open houses and a free local move to their next
home.
- With Offerpad FLEX listing services, sellers can maximize the
value of their home by testing the open market with access to the
company’s national marketing resources, a dedicated local real
estate expert and free concierge services – all with the certainty
of a backup cash offer in their pocket.
- Buying a home with Offerpad is easy, too, working with a
dedicated Offerpad Solutions Expert and an extensive inventory of
homes in each of its markets, as well as mortgages and financing
available through Offerpad Home Loans for a one-stop home
purchasing solution.
- When selling and buying together, people can save thousands by
bundling the real estate services they need with Offerpad Bundle
Rewards.
Offerpad’s St. Louis market General Manager Brian Routt, a
20-year veteran in the real estate industry looks forward to
appealing to consumers as well as industry professionals in the
area. “The St. Louis market is a perfect fit for Offerpad’s Real
Estate Solutions Center and the products and services we provide.
In addition, through partnerships and collaboration with local real
estate professionals such as agents, home builders and renovation
contractors, we’re creating new, highly beneficial, and impactful
business opportunities to give St. Louisans even better home buying
and selling experiences,” said Routt.
Through Offerpad’s Agent Partnership Program in St. Louis and
Kansas City, real estate agents can earn an industry-high 3%
referral fee when they help clients with an Offerpad EXPRESS cash
sale. Offerpad then works with local vendors to quickly prepare and
return homes it purchases to the local inventory for new buyers.
Area home builders can assist their new-home buyers through
Offerpad’s Homebuilder Services program by removing the need or
contingency to sell an existing home before purchasing a
new-construction home.
As announced previously, Offerpad expects to round out its 2021
market expansion with the upcoming opening of its fourth Midwest
market in Columbus, Ohio. The company debuted in the Midwest with
the launch of Indianapolis, Indiana in July 2021. For a complete
list of available Offerpad markets around the country, visit
offerpad.com/locations.
About Offerpad
Offerpad’s mission is to provide the best way to buy and sell a
home. Period. We use technology-enabled solutions to remake the
home selling and buying experience by offering customers the
convenience, control and certainty to solve their housing needs. We
combine our fundamental real estate expertise with our data-driven
digital “Solutions Center” platform to give users a holistic,
customer-centric experience, enabling them to efficiently sell and
buy their homes online with streamlined access to other services
including mortgage, listing, and buyer representation services.
Visit Offerpad.com for more information.
Forward Looking Statements
Certain statements in this press release may be considered
forward-looking statements. Forward-looking statements generally
relate to future events or Offerpad’s future financial or operating
performance. For example, statements regarding Offerpad’s market
expansion plans, are forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as “pro
forma,” “may,” “should,” “could,” “might,” “plan,” “possible,”
“project,” “strive,” “budget,” “forecast,” “expect,” “intend,”
“will,” “estimate,” “anticipate,” “believe,” “predict,” “potential”
or “continue,” or the negatives of these terms or variations of
them or similar terminology. Such forward-looking statements are
subject to risks, uncertainties, and other factors which could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements. These forward-looking
statements are based upon estimates and assumptions that, while
considered reasonable by Offerpad and its management, are
inherently uncertain. Nothing in this press release should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Offerpad
does not undertake any duty to update these forward-looking
statements.
#OPAD_Expansion
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Media Contact: David Stephan David.stephan@offerpad.com
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