New construction homebuyers can remain in
current home for up to six months post-closing with a cash sale to
Offerpad
Taylor Morrison Home Corporation (NYSE:TMHC), the nation’s fifth
largest homebuilder and developer, and Offerpad (NYSE:OPAD), a
leading tech-enabled platform for buying and selling residential
real estate, have created a national, customer-focused relationship
to help Taylor Morrison’s new buyers in 14 of its current
markets.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220105005364/en/
Taylor Morrison Home Corporation
(NYSE:TMHC), the nation’s fifth largest homebuilder and developer,
and Offerpad (NYSE:OPAD), a leading tech-enabled platform for
buying and selling residential real estate, have created a
national, customer-focused relationship to help Taylor Morrison’s
new buyers in 14 of its current markets. (Graphic: Business
Wire)
The companies’ new relationship expands from an initial
successful launch in the Phoenix market across 40 Taylor Morrison
communities to a nationwide presence. Since launching, more than 70
customers have benefited from selling their home through Offerpad
and over 1,180 more customers have explored the benefits by
visiting the Taylor Morrison and Offerpad online portal.
“Our strategic relationship with Offerpad creates a more
seamless real estate experience when selling your current home and
purchasing a Taylor Morrison home,” said Taylor Morrison’s Chief
Customer Officer Amy Rino. “Like Offerpad, Taylor Morrison
recognizes the positive momentum in leveraging digital solutions
when making real estate decisions, and I’m excited for the
flexibility and benefits this expanded relationship will offer our
customers.”
The business relationship between Offerpad and Taylor Morrison
allows homeowners moving into their new home an easy and convenient
sale of their existing home with added benefits including:
- A competitive cash offer on the existing home from Offerpad
within approximately one hour during business hours
- The flexibility to schedule the existing home’s closing date up
to nine months out in order to align with their new Taylor Morrison
home’s closing
- An extended stay of up to six months in the existing home
post-closing
- A free local move (certain restrictions apply)
- Skipping the cost of owning two homes
Charles Bumpous, a recent home seller to Offerpad and a Taylor
Morrison homebuyer in the Phoenix area, said, “We decided to use
Offerpad for the convenience and ease and it was the best decision
we made. We were building a new house and wanted to move once,
without the headache of showing our current home. We would totally
do this again!”
Offerpad’s National Vice President of Sales, Kyle Rush, said,
“This relationship is designed to remove roadblocks many homeowners
encounter when selling their existing home while trying to get into
their new home. When the seller can receive cash for their home
with certainty before moving out, they can make decisions that
might not have been available otherwise.”
Offerpad is available in nearly 1,500 cities and towns across 21
markets with plans to enter more in 2022 beginning with Sacramento,
Riverside and San Bernardino, California. As Offerpad expands,
Taylor Morrison and Offerpad’s relationship is set to extend to all
incoming markets where both companies operate.
About Offerpad
Offerpad’s mission is to provide your 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.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is the
nation's fifth largest homebuilder and developer. We serve a wide
array of consumers from coast to coast, including first-time,
move-up, luxury and 55-plus active lifestyle homebuyers under our
family of brands—including Taylor Morrison, Esplanade, Darling
Homes Collection by Taylor Morrison and Christopher Todd
Communities built by Taylor Morrison. From 2016-2021, Taylor
Morrison has been recognized as America's Most Trusted® Builder by
Lifestory Research. Our strong commitment to sustainability, our
communities and our team is highlighted in our latest annual
Environmental, Social and Governance (ESG) Report.
For more information about Taylor Morrison, please visit
www.taylormorrison.com.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220105005364/en/
David Stephan 951-970-6336 david.stephan@offerpad.com
Alice Giedraitis 480-840-8137 agiedraitis@taylormorrison.com
Offerpad Solutions (NYSE:OPAD)
Historical Stock Chart
From May 2024 to Jun 2024
Offerpad Solutions (NYSE:OPAD)
Historical Stock Chart
From Jun 2023 to Jun 2024