Phoenix-based home buying and selling company Offerpad was founded in 2014 by Brian Bair and Jerry Coleman, with Bair sitting as the current CEO of the company.
Their mission? Provide the best way to buy and sell a home. Period.
Combining industry experience with revolutionary real estate technology, Offerpad’s team created a platform for homeowners to receive competitive offers, make quick closes and avoid all the hassle of a traditional home sale.
Prior to 2015, Bair spent years selling, buying and renovating thousands of homes across the country. In all those years, he observed just how stressful the whole process was for even an experienced seller. And so, Offerpad was born. Since then, the company has been able to provide the best way to buy and sell a home, assisting thousands to move freely.
Offerpad is a privately-held company, headquartered in Arizona, with markets in Atlanta, Austin, Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Los Angeles, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa and Tucson, collectively reaching more than 700 cities. If you see your market here, Offerpad can easily help you out.
Offerpad guarantees your convenience, control and certainty when buying and selling a home. At their website, Offerpad immediately gives you the option to contact them via their hotline, which connects you to their customer service. Here, their trained operators will help you avail of their services, whether that’s buying or selling a home.
The benefits of using Offerpad
One of best things about working with Offerpad is the overwhelming amount of benefits. Most real estate agents might ask for a 6% commission when selling your house, which is small in comparison to Offerpad’s average of 7.5% service charge. However, Offerpad points out on their website that a traditional home sale might come with an additional 2% seller concession and other miscellaneous fees. That being said, the company has much to offer for their 7.5% cut.
Like most iBuyers, Offerpad comes with the usual benefits such as
Not needing to handle any repairs or renovations
Making a seamless transaction
Skipping buyer concessions
That being said, here are a couple of the unique benefits that come with working with Offerpad:
Avail their Extended Stay Program – When selling with Offerpad, you can take advantage of their Extended Stay Program, which allows you to stay in your home 3 days post-close. Should you choose to avail of this option, a $3000 deposit will be held back from your funds from sale, but will promptly be returned once the condition of the home has been verified to be as agreed upon.
Free local move – If you’re moving within a 50 mile radius of your current home, Offerpad will cover the expenses of moving into your new home. They partner with professional moving companies to ensure a quick, careful and efficient move. Once under contract, the moving company will contact you directly to inform you about the moving process as well as when it’ll be scheduled.
Get a competitive offer – Offerpad’s business model is based on lean margins and high volume. Ultimately they aim to give their customers the best offer they can get on their home, all fees and charges considered.
Keeping all this in mind, it’s important to note that you’ll have to gauge if all these benefits are worth that 7.5% service fee to you. All this could cost you upwards of a $15,000 cut from your initial sale. You have to ask yourself, can we get these services for cheaper anywhere else?
That’s where we come in! We here at Housing Solutions, LLC can give you with up to 8 different cash offers at just one simple request on our website. We’re local, we’re hands-on and we’re able to meet you face to face to walk you through the process.
Companies like Offerpad are just the tip of the iceberg, our reach goes farther than that, to even bigger companies that can pay top dollar for your property. In addition, Housing Solutions can offer you a much longer Extended Stay at up to 30 days!
Give us a call or take a few minutes and fill out the input form that can be found on the home page. As soon as you do, you can get the best cash offers on your property