Offerpad is a technology-enabled real estate platform that’s helped revolutionize the residential real estate market since 2015. The company’s proprietary technology enables it to provide millions of users with an all-in-one solutions center to meet their real estate needs, from cash offers and flexible listing options to mortgage, home renovation and buyer services.
Traditional real estate transactions involve time-consuming, complex processes. Offerpad’s technology enables the company to simplify the process and shorten the time it takes to sell a home. Customers utilizing its cash offers — which are provided within 24 hours of receiving an online request — can reduce the time it typically takes a home to sell on the open market from weeks or months to days. Using its technology and accepting an Offerpad cash offer allows home sellers to close on their own schedule in a matter of days compared to a national average of 50 to 100 days to sell a house the traditional way in today’s single-family home market.
Unlike home values found on other real estate tech platforms that rely solely on their own individual computer-generated algorithms and are limited by data available to them through public records, Offerpad’s offers are based on a unique combination of careful analysis by its team of local real estate experts and the use of its proprietary predictive evaluation technology. It considers a home’s unique features and condition in the context of market inventory and future supply. Where other real estate platforms look only at the market’s history, Offerpad’s technology enables it to look at where it’s going, meaning it can provide customers with more competitive offers.
The company’s technology also enables it to almost immediately identify homes that are out of its “buy box” and offer other selling options to those customers, so they can choose their best way to sell.
Real Estate Sales