California Home Buyers and Sellers Soon to Enjoy Offerpad’s Digital-First Real Estate Experience
October 18 2021 - 9:03AM
Business Wire
Company plans to expand online, on-demand
services to Riverside, Sacramento and San Bernardino early in
2022
Offerpad (NYSE:OPAD), a leading tech-enabled platform for buying
and selling residential real estate, revealed expansion plans today
that would take the company’s iBuying and home listing services to
California residents as early as the first quarter of 2022.
Offerpad’s entrance into California real estate is expected to
benefit Riverside, Sacramento and San Bernardino homeowners seeking
the certainty, convenience and control of a more streamlined,
digital real estate experience.
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Offerpad’s entrance into California real
estate is expected to benefit Riverside, Sacramento and San
Bernardino homeowners seeking the certainty, convenience and
control of a more streamlined, digital real estate experience.
(Graphic: Business Wire)
“Offerpad’s continued expansion is fueled by our company’s
operational excellence and our strong real estate background
enables us to buy, renovate and sell homes across many markets in
changing real estate cycles,” said Brian Bair, Offerpad’s Chairman
and CEO. “We look forward to taking our services and expertise to
homeowners in California that want an easy, seamless real estate
experience.”
Offerpad plans to expand into over 150 cities and towns across
Riverside, Sacramento and San Bernardino employing local teams in
each market. Its first three California markets are expected to
take the company to a total of 24 markets and over 1,600 cities and
towns in 2022. In 2021, Offerpad accelerated its market expansion,
entering seven new markets in eight months – four new markets in
September and October alone.
Offerpad plans to introduce residents in its upcoming California
markets to services including:
- Offerpad EXPRESS, the company’s iBuying solution, that provides
home sellers with a cash offer on their home within 24 hours of
request and allows them to choose their own closing date. This
option removes inconvenient home showings and open houses and also
offers sellers a free local move to their next home.
- Offerpad FLEX listing services, where sellers can test the open
market by using the company’s digital marketing resources,
dedicated local real estate experts and complimentary concierge
services, along with a backup cash offer.
- Offerpad’s home buying solutions – featuring streamlined remote
processes – provide access to the company’s inventory of homes, as
well as mortgage services available through Offerpad Home
Loans.
- Discounts for using multiple services within Offerpad’s Real
Estate Solutions Center. Found on Offerpad.com, Offerpad’s selling,
buying, and financing solutions can be tied together, allowing
customers to save thousands through Offerpad Bundle Rewards.
Offerpad is now hiring for real estate operations leadership
positions in Riverside, Sacramento and San Bernardino.
Additionally, Offerpad plans to hire local home renovation vendors
and develop partnerships with area homebuilders, real estate
brokerages and agents. Offerpad currently offers a 3% referral fee
to real estate agents who help a client sell to Offerpad.
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.
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David Stephan David.stephan@offerpad.com
Offerpad Solutions (NYSE:OPAD)
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