Offerpad: Sellers can stay in homes up to 60 days after closing
To help alleviate the stress of selling, Offerpad will now give sellers the option of remaining in a home up to 60 days after closing escrow
How much are iBuyers paying for customer acquisition?
Opinion
Customer acquisition costs for major iBuyers is roughly similar at $3,000-$4,000, which is about 2-4X more than Redfin
by Mike DelPrete Mar 24
How the marriage between Spencer Rascoff and Offerpad came to be
Spencer Rascoff and Offerpad CEO Brian Bair spoke to Inman about the behind-the-scenes moves that led to Offerpad's decision to go public via a special purpose acquisition company
by Patrick Kearns Mar 18
Spencer Rascoff's SPAC is taking Offerpad public
One of the nation's largest iBuyers is going public with the help of a former rival executive
by Patrick Kearns Mar 18
Offerpad brings iBuyer, listing solutions to Denver and Nashville
With the expansion, the real estate services company is bringing its offering to nearly 300 new ZIP codes
by Patrick Kearns Mar 15
Sellers choose 'buy-before-you-sell' offers 5X more than iBuyer offers
Bridge programs have lower service fees and alleviate seller worries about buying in an inventory-starved market, according to a new report from real estate tech firm Zavvie
by Andrea V. Brambila Feb 25
Opendoor's revenue plunged nearly 50% in 2020, according to SEC filing
The newly public company revealed in US Securities and Exchange Commission filings Tuesday that it expects to report $2.58B in revenue in 2020, down from the $4.7B in 2019
by Patrick Kearns Feb 3
Offerpad expands full suite of services to Denver and Nashville
Announced Wednesday, the Denver and Nashville launches mark the first new markets for the company since it expanded into Birmingham, Alabama, in early 2020
by Patrick Kearns Dec 9
Offerpad partners with nation's largest private new homeseller
The deal with New Home Star is a first for Offerpad, whose Homebuilder Alliance program counts more than a dozen direct builder partnerships but, until now, no sales firms
by Patrick Kearns Dec 3
Offers from iBuyers are getting weaker: zavvie report
Total iBuyer purchases plummeted 82% year over year in Q3, according to the report
by Patrick Kearns Dec 1
Offerpad remakes its C-suite as its business model evolves
Steve Johnson joins Offerpad as chief operating officer, as the company expands its real estate offerings beyond iBuying
by Patrick Kearns Nov 18
The quiet iBuyer war on real estate commissions: DelPrete
Does the success of the iBuyer model come at the expense of the traditional real estate structure?
by Mike DelPrete Oct 19
Offerpad is teaming up with a relocation services company
The partnership with Aires, a global relocation services firm, will unlock Offerpad's myriad real estate solutions for its new partner's relocation clients
by Patrick Kearns Oct 13
DelPrete: Zillow hiring agents is the megatrend you can't afford to ignore
Opinion
Most of the largest real estate disruptors are moving toward hiring agents for new brokerage services — that's nearly $35B in enterprise value pushing in this direction
by Mike DelPrete Oct 8
IBuyer purchases dropped 88% in Q2 as pandemic raged
RedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a new study by Redfin released Thursday
by Patrick Kearns Sep 11
What's the future of iBuyers in light of COVID-19?
Opinion
Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Here's a look at the advantages and disadvantages these companies are facing as they navigate the current housing market
by Luke Babich Aug 28
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Offerpad expands Florida footprint
The expansion into Port St. Lucie, Florida, is the first new market for the company since it began offering a home listing service and resumed buying homes
by Patrick Kearns Aug 12
Keller Williams ends exclusive deal with Offerpad
Keller Williams will allow other investors to make all-cash offers on homes through Keller Offers, its iBuying division
by Patrick Kearns Jun 24
First Offerpad wanted to buy your home. Now it wants to list your home
Consumers can now choose a direct, quick-close sale or a more traditional listing process. The move may rankle many in the real estate industry, who have long worried about technology companies moving into the space traditionally served by real estate agents
by Patrick Kearns Jun 1
Read all of Inman's coronavirus coverage here
Inman has published more than 785 stories on the coronavirus. Here's our comprehensive list of coverage
by Jim Dalrymple II May 20