Offerpad

Name

Offerpad

Legal name

Offerpad Solutions Inc.

Website

https://offerpad.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Residential Real Estate iBuying Services

NAICS

Offices of Real Estate Appraisers (53132), Other Computer Related Services (541519)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Prepackaged Software (7372)

akta.pro primary industry

Mortgage Comparison, Marketplace & Rate-Shopping Platforms (FSALABAJ)

akta.pro secondary industries

Product, Pricing & Eligibility (PPE) / Rate Lock & Pricing Engines (FSALALAC), Mortgage Point-of-Sale (POS) & Borrower Intake Portals (FSALALAD)

Keywords

• IBuying real estate
• Cash home offers
• Residential real estate platform
• Home renovation services
• Real estate technology

Headquarters

HQ city

Chandler

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Cash Offer Service Fees: Offerpad charges a 5% service fee on the purchase price for completing cash offers, allowing sellers to skip listing hassles and costs. This is the primary revenue driver from direct home purchases.
2. Agent Referral Fees: The Agent Partnership Program pays 3% referral fees to agents and brokers when their clients sell homes to Offerpad, less a $300 transaction fee. Homes already listed are not eligible.
3. Renovate Services: Asset-light renovation services for property management companies, commercial buyer groups, individual SFR investors, short-term rental investors, and developers. Reported $6.4 million in Renovate revenues in Q2 2025.
4. HomeBuilder Partnership Fees: Revenue from partnerships with homebuilders where Offerpad facilitates home purchases for buyers purchasing new construction, eliminating contingencies for builders.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Offerpad is a tech-enabled residential real estate platform that provides homeowners with direct cash offers to purchase their homes, enabling closings in 8-60 days without showings, repairs, or financing contingencies. The company also operates an integrated ecosystem of complementary services including a Cash Offer Marketplace, HomePro in-home consultations, the Agent Partnership Program (3% referral fees), Homebuilder Services (contingency elimination for new construction), Renovate B2B renovation services, and traditional listing services. AI platforms SCOUT and HENRY power customer intake, offer construction, inspection estimation, and portfolio management.

Product overview

Offerpad is a tech-enabled residential real estate platform offering multiple transaction paths through a single integrated system. The core offering is the Cash Offer program, which provides direct home purchases with cash offers. This is supported by the Cash Offer Marketplace, which expands scale and capital efficiency, and traditional Listing Services for sellers who want market exposure. The platform also includes HomePro (certified agent in-home consultations), Renovate (turnkey renovation services), Agent Partnership Program (3% referral fees for agents), Homebuilder Services (builder partnership solutions), and Brokerage Services. In March 2026, Offerpad launched two proprietary AI platforms: SCOUT (AI-powered intake and routing system) and HENRY (portfolio intelligence for property lifecycle management). Additional services include a free local move benefit and a vendor partnership network. The company operates in more than 1,800 cities and towns across the United States.

Differentiator

Problem solved

Functional benefit

Brands

• HomePro: A next-generation real estate brokerage program that brings certified agents directly into sellers' homes to present available solutions including cash offers and listing options.
• Renovate

Products and services

• Cash Offer Offerpad's flagship direct home-buying service that delivers competitive cash offers to homeowners within 24 hours and closes in 8-60 days with no showings, no repairs, and no financing contingencies. Includes a 5% service fee and approximately 1% closing costs.
• Cash Offer Marketplace A marketplace-enabled transaction capability that connects homeowners with multiple selling options including direct cash offers and traditional listings through a single integrated platform. Expands scale and improves capital efficiency without increasing balance-sheet risk.
• HomePro A next-generation real estate brokerage program in which certified HomePro agents visit sellers in their homes to present available solutions, including cash offers and listing options, helping sellers determine the best fit. Available nationwide across all markets.
• Renovate Turnkey B2B renovation service that manages entire renovation projects for property management companies, commercial buyer groups, individual SFR investors, short-term rental investors, and developers. Backed by 1,300+ licensed, bonded, and insured contractors in 22 cities.
• Agent Partnership Program A referral program for real estate agents and brokers that allows them to bring clients more than one selling option (cash offer or traditional listing) while earning a 3% referral fee paid at closing. Over 25,000 agents and brokers have participated since 2020.
• Homebuilder Services Service for home builders that helps buyers sell their current homes faster so builders can close new-home sales more quickly. Cash offer responses returned within 1 hour. Partnership with 40+ top builders in the U.S.
• Listing Services Traditional listing services offering market exposure, competitive pricing, trusted agent guidance, and high-touch experience for sellers who want to test the open market before committing to a cash offer.
• Free Local Move Complimentary moving service included with cash offer sales: one 16-foot container (830 cu ft, 3-4 rooms, up to 6,000 lbs) within an 80-mile radius. Differentiated customer benefit bundled with the Cash Offer service.
• Brokerage Services Licensed real estate brokerage services enabling agents to facilitate transactions and earn referral fees, including access to Offerpad's proprietary technology platform and training resources across multiple states.
• Vendor Partnership Program Program for skilled vendors (contractors and trade partners) to support Offerpad's home buying and renovation operations across metro markets including Atlanta, Austin, Charlotte, Dallas, Houston, Las Vegas, Orlando, Phoenix, Tampa, and others.

Quantifiable outcome

• 200+ basis point improvement in home contracting rates following Scout AI deployment
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Renovate Program PartnerscoreStrategic or Co-development Partner · 3 November 2025Partnership with large national brands for supply chain needs, leveraging national buying power for competitive pricing and consistent support for local renovation teams. Supports the company's asset-light renovation services strategy.
• HomePro Certified BrokeragescoreChannel Partner/ Reseller/ Distributor · 1 July 2025HomePro program certifies agents across 12+ brokerages to bring solutions directly into sellers' homes during inspections. Agents present cash offer and listing options while earning referral fees.
• Home Builders (40+ Top Builders)coreChannel Partner/ Reseller/ Distributor · 1 July 2025Partnerships with national, regional, and local homebuilders to help buyers sell their current homes, eliminating contingencies and enabling faster new construction closings. Builders receive cash offer responses within 1 hour.
• Anywhere (Formerly Anywhere Brands)minorChannel Partner/ Reseller/ Distributor · 26 October 2023Partnership to serve home sellers beyond Offerpad's current market reach, expanding geographic coverage through Anywhere's agent network.
• Clemson UniversityminorGTM or Marketing Partner · 12 October 2023Official partner of the Clemson Tigers athletic program, positioning Offerpad as a community supporter and regional brand builder.
• Keller WilliamsminorChannel Partner/ Reseller/ Distributor · 14 November 2019iBuying program launch in Birmingham with Keller Williams, allowing agents to refer clients for cash offers through Offerpad.
• loanDepotminorStrategic or Co-development Partner · 2 November 2017Partnership to create more customer-centric real estate experiences through integrated mortgage and home buying/selling services.
• First American Title (Arizona)minorImplementation/ SI/ Consulting PartnerTitle and closing services provider for Arizona transactions, ensuring title legitimacy and issuing title insurance while maintaining escrow accounts and handling transaction funds.
• Stewart Title (Alabama)minorImplementation/ SI/ Consulting PartnerTitle and closing services provider for Alabama transactions, ensuring title legitimacy and issuing title insurance while maintaining escrow accounts.
• Title Companies (Multiple States)minorImplementation/ SI/ Consulting PartnerTitle and closing services providers across Colorado, Florida, Georgia, Indiana, Missouri, North Carolina, Ohio, Nevada, South Carolina, Tennessee, and Texas markets.

Scale indicators15 records

Recent moves7 records

Direct peers

• Opendoor Technologies: Largest pure-play U.S. iBuyer, buying and reselling homes directly via cash offers with an integrated technology platform. Closest direct competitor to Offerpad's core Cash Offer business, with similar exposure to housing volumes and spreads.
• Redfin: Tech-enabled residential brokerage and real estate marketplace offering cash-offer partnerships, agent services, and direct home buying (RedfinNow). Comparable target customer (home sellers) and overlapping agent-partnership model.
• Knock: iBuying and home trade-in platform that buys the customer's existing home to enable a new purchase, directly competing with Offerpad's Cash Offer and HomeBuilder Services offerings.
• Orchard: Tech-enabled real estate brokerage with a home trade-in / cash offer product targeting move-up buyers, overlapping Offerpad's Cash Offer Marketplace value proposition.

Broad incumbents

• Zillow Group: Operates the dominant U.S. residential real estate marketplace (Zillow, Zillow Offers previously, Zillow Premier Agent, Zillow Home Loans). Overlaps with Offerpad via buyer/seller leads, agent referrals, and prior iBuying experience, and competes for the same home-seller audience.
• Compass: Large national tech-enabled residential real estate brokerage with an agent platform and Compass Cash Offer / Coming Soon products. Comparable on brokerage, agent tools, and adjacent cash-offer capabilities.
• eXp World Holdings: Cloud-based residential real estate brokerage with a large distributed agent network. Competes for agent mindshare and seller lead flow that Offerpad also targets via its Agent Partnership Program.

Emerging players

• HomeLight: Real estate technology platform connecting consumers with agents and providing cash-offer / trade-in products (HomeLight Cash Offer, Simple Sale). Overlaps Offerpad in seller-facing cash offers and agent enablement.
• Roofstock: Marketplace for single-family rental investment properties, with adjacent property management and renovation services. Comparable to Offerpad's Renovate B2B line and broader real estate investment workflows.
• Sundae: Residential real estate marketplace focused on off-market and as-is home sales, offering sellers cash-style certainty through a partner network. Overlaps Offerpad's Cash Offer target segment with a marketplace-driven model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/offerpad
• Xx.com/offerpad
• Facebookfacebook.com/OfferPad

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds11 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Offerpad