Offerpad has chosen Indianapolis as its first Midwestern market. The iBuyer’s full suite of services will be available this summer.

IBuyer Offerpad is one step closer to reaching its 1,000-market goal with the launch of its full suite of services in Indianapolis. Consumers will be able to use Offerpad’s homebuying and homeselling services this summer, according to an announcement on Thursday.

Matt Brohn (Photo credit: Offerpad)

We’ve been monitoring Indianapolis for some time now,” Offerpad’s Vice President of Strategic Initiatives Matt Brohn said in a prepared statement. “It’s one of the fastest-growing and hottest housing markets in the country.”

Homesellers can choose a traditional iBuying experience with Offerpad’s all-cash instant offer service or a hybrid selling experience with Offerpad Flex, where an Offerpad-employed agent lists their home on the open market with a backup, all-cash offer from Offerpad.

With both options, sellers have access to flexible closing dates, moving services, and can stay in their home for up to 60 days after escrow with the company’s newly launched 60-Day Extended Stay program.

Meanwhile, homebuyers can use Offerpad’s buying services, which include early access to Offerpad-owned homes, a dedicated solutions coordinator, and up to $1,000 off closing costs. Buyers can also “trade-in” their old home by selling it to Offerpad for an all-cash offer.

Although Offerpad won’t be available to consumers until the third quarter of 2021, the company is already looking for homebuilders, agents and brokers to join its partnership programs. The Homebuilder Services program allows builders to market their new listings to Offerpad buyers, while the Agent Partnership Program enables brokers and listing agents to earn a three percent referral fee.

“The market’s strong economic trends including affordability, employment and population growth, and a burgeoning tech community, are encouraging,” Brohn said of Offerpad’s growth potential in the city. “Indy also has appealing home construction dynamics with a positive outlook and inventory, as well as a large amount of real estate transactions overall – key indicators of support for current and future Offerpad services.”

Offerpad expanded to Denver and Nashville in March and currently operates in more than 900 cities and towns across Alabama, Arizona, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee and Texas.

Offerpad also announced in March its plans to go public through Spencer Rascoff’s special purpose acquisition company, Supernova Partners Acquisition Company, Inc.

Email Marian McPherson

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription