Direct buyer Offerpad planning significant expansion, beginning in Texas
Zillow | January 21, 2019
Last year, Offerpad secured $150 million in funding, which the direct homebuyer said that it planned to use to expand its business. As with similar direct buyers like Opendoor and Perch, along with real estate giants, Zillow and Redfin, Offerpad buys homes directly from sellers, makes the necessary upgrades or improvements and then sells the home. The company, which is headquartered in Arizona, buys homes directly from sellers in Atlanta, Charlotte, Las Vegas, Los Angeles, Orlando, Phoenix, Salt Lake City, and Tampa.