BUYING/SELLING

Offerpad to Expand Into Five New Markets This Year, Bringing Its Convenient Home Buying and Selling Solutions to More Homeowners Across the Country

Offerpad | May 05, 2022

Home Buying and Selling Solutions
Offerpad, a leading tech-enabled platform for buying and selling residential real estate, revealed expansion plans that will bring the company’s top-rated1 solutions to residents in Cincinnati; Colorado Springs and Fort Collins, Colo.; Fort Myers, Fla.; and Fort Wayne, Ind. The expansion news comes on the heels of continued momentum with the company’s best quarter in Offerpad history. Earlier today the company reported first-quarter financial results announcing a year-over-year $1.1 billion revenue increase.

At Offerpad, we do things differently. Bringing together technology with our local real estate expertise, we take buying and selling homes from stressful to seamless. Traditional real estate, especially in today’s competitive market, often leaves homeowners feeling out of control and uncertain. Our solutions provide buyers and sellers with the flexibility to act fast and take care of all their needs under one roof. Americans increasingly want more convenience and control over their transactions, and we’re excited to help more homeowners in these new markets.”

Vaughn Bair, Offerpad Chief Real Estate Officer

Offerpad is expected to complete its Fort Myers opening in the second quarter and plans to expand to Cincinnati and the additional three markets later this year. When these five markets open, buyers and sellers across 29 U.S. markets will have access to the company’s entire suite of solutions:

  • Cash offers in just 24 hours with flexible closing dates, no showings or open houses, and free local moving services
  • Custom listing solutions and dedicated local market expertise to help customers sell their home on the open market with the option to retain a cash offer as back up
  • Home buying solutions that provide easy access to Offerpad’s inventory of homes for sale
  • Access to home mortgage and title services
  • Bundling selling, buying and financing solutions together to save thousands with Offerpad Bundle Rewards

Offerpad is available in more than 1,700 cities and towns and 24 U.S. markets. For the remainder of 2022, Offerpad will focus on growing its footprint around regional hubs in the Midwest, Southeast and Southwest.

Offerpad plans to begin hiring local real estate experts across all its new markets. 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 deliver the best home buying and selling experience so you can spend less time ‘real estat-ing’ and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help find the right solution that fits your needs.

Spotlight

Your home is the largest purchase you will ever make, so you need to make sure you’re getting what you want! Our friends at KCM Blog have shared this great infograph to help you choose which style of home is right for you.


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REAL ESTATE INVESTMENT

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SKB | December 20, 2021

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REAL ESTATE INVESTMENT

BROAD STREET REALTY, INC TO ACQUIRE MIDTOWN ROW IN WILLIAMSBURG, VA

Broad Street Realty | February 23, 2022

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REAL ESTATE INVESTMENT

Embrey Sells The Harper Luxury Apartments In Franklin, Tennessee

Embrey | April 22, 2022

The Harper Luxury Apartments in Franklin, Tennessee, has been sold by Embrey of San Antonio, Texas. The Harper is part of a mixed-use, planned community being developed by SouthStar and Embrey, which are both known for developing highly desirable living and working experiences. It has been a pleasure to be a part of such a well-planned horizontal mixed-use master plan and partnering with SouthStar. Every good development has a great story. This was a very complex transaction and without the collaboration of SouthStar, Gamble Design Collaborative, Kimley Horn Engineers, and HEDK Architects, The Harper could not have been developed." Brad Knolle, Executive Vice President of Development at Embrey The 328-unit property features luxurious interiors such as nine-foot ceilings, open floor plans, granite countertops, large islands and stainless-steel appliances in the kitchen. Community amenities include a resort-inspired pool with cabanas, an elegant clubhouse with a fireplace and a billiards room, a yoga studio and a fully equipped business center. The Harper is scheduled for substantial completion in July 2022 and the one- and two-bedroom units are now leasing. Embrey Management Services, nationally recognized for providing exemplary residential services, has been selected to manage this property. About Embrey San Antonio-based Embrey is a diversified real estate investment company that owns, develops, builds, acquires, and manages multifamily residential communities and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed nearly 43,000 apartments and more than 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector with more than 4,000 units under construction.

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INVESTMENTS

Greystar Announces Pre-Leasing Underway for 525 Olive in Bankers Hill

Greystar | February 07, 2022

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Spotlight

Your home is the largest purchase you will ever make, so you need to make sure you’re getting what you want! Our friends at KCM Blog have shared this great infograph to help you choose which style of home is right for you.

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