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How Does Offerpad Work?

Written by Allison Martin

Allison Martin is a personal finance enthusiast and a passionate entrepreneur. With over a decade of experience, Allison has made a name for herself as a syndicated financial writer. Her articles are published in leading publications, like Banks.com, Bankrate, The Wall Street Journal, MSN Money, and Investopedia. When she’s not busy creating content, Allison travels nationwide, sharing her knowledge and expertise in financial literacy and entrepreneurship through interactive workshops and programs. She also works as a Certified Financial Education Instructor (CFEI) dedicated to helping people from all walks of life achieve financial freedom and success.

Updated September 11, 2023​

2 min. read​

how does offerpad work

Offerpad is a one-stop shop for both home sellers and homebuyers. Founded in 2015 by Brian Bair, the iBuyer features innovative solutions to help consumers sell their homes with ease or find their dream home without all the hassle.

Their process is seamless and entails the following steps: 

  • Step 1: Request a cash offer for your home.
  • Step 2: Weigh your options.
  • Step 3: Accept the cash offer or list your home on the market.

Read on for more insights into Offerpad and how to determine if it’s an ideal option to sell your home and buy a new one.

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What Options Does Offerpad Have?

You can use Offerpad to sell your home or shop for your next home. 

Selling Your Home To Offerpad

If you’d like to receive a cash offer to sell your home, submit the online questionnaire. It only takes three minutes to complete, and there’s no obligation to accept the offer if it doesn’t work for you.

Selling Your Home Through Offerpad

If you’d prefer to list your home on the open market instead, you can also use Offerpad to sell your home. But it differs from other real estate platforms and helps you sell your house without a realtor. You’ll also have a backup cash offer if your home doesn’t quite garner the attention or offers you believe it deserves. All you have to do is enter your address and answer a few questions.

Buying Your Home With Offerpad

Maybe you’re not looking to get a cash offer or list your home with Offerpad but purchase your first or next home. Offerpad makes it easy to browse houses for sale in the markets they serve. They include:

  • Atlanta, Georgia
  • Austin, Texas 
  • Birmingham, Alabama
  • Charlotte, North Carolina 
  • Columbia, South Carolina
  • Columbus, Ohio 
  • Dallas, Texas
  • Denver, Colorado 
  • Houston, Texas
  • Indianapolis, Indiana
  • Jacksonville, Floria
  • Kansas City, Missouri
  • Las Vegas, Nevada
  • Nashville, Tennessee
  • Orlando, Florida
  • Phoenix, Arizona
  • Raleigh, North Carolina 
  • Riverside, California 
  • Sacramento, California 
  • San Bernardino, California
  • San Antonio, Texas 
  • St. Louis, Missouri 
  • Tampa, Florida 
  • Tucson, Arizona       

Quick note: Offerpad also offers incentives to homeowners who sell their current home and buy their next one through the online platform. 

Popular Mortgage Lenders
Angel Oak Home Loans Logo
Learn how Angel Oak mortgage lender can offer you home loan solutions tailored to meet your specific financing needs.

Submit an online application form to inquiry about Angel Oak Mortgage Solutions financing options.

American Advisors Group is a leading provider of reverse mortgage solutions nationwide to retirees and older Americans.

Older homeowners can get peace of mind and added financial security with a reverse mortgage from AAG.

In this review, learn more about Zero Mortgage's flexible home loan solutions and how to buy a home or refinance your mortgage with them.

Buy a home or refinance your existing mortgage with Zero Mortgage.

Offerpad Express

The Express Solution from Offerpad lets you get a cash offer for your home within 24 hours. So you won’t have to worry about your home hitting the market or having to show it to prospective buyers. Plus, you’re free to pick a closing date that works for you as long as it’s within 90 days of accepting your offer.

Even better, you’ll qualify for a free move if you’re relocating within 50 miles, your home doesn’t exceed 2,800 square feet, and the weight of your belongings is no more than 13,000 pounds. And you could get an extended stay of up to three days if you need it in your current home. 

Offerpad Flex

Offerpad Flex gives home sellers the best of both worlds. You can take advantage of complimentary services that will make your home shine, including deep cleaning, carpet cleaning, handyman services, landscape cleanup and pool services.

If your home needs improvements, Offerpad will also advance the funds to you to help prepare it for the market and maximize your profit. Common upgrades include new appliances, countertops, fixtures, flooring, painting and professional home staging. You can also receive advance funds to cover the cost of packing, moving and junk removal. 

You’ll also get a 24-hour cash offer that’s good for up to 60 days if you decide to sell directly to Offerpad instead. 

Offerpad Frequently Asked Questions

Below are some frequently asked questions regarding Offerpad. 

Does Offerpad Make Reasonable Offers?

Yes. Offerpad leverages technology and employs a team of experts to come up with an offer that’s both reasonable and competitive.

Can You Negotiate With Offerpad?

Cash offers you receive from Offerpad aren’t negotiable. However, you are encouraged to connect with their Offerpad Solutions Advisor and request a re-evaluation if you believe an oversight led to an unfair cash offer.

Does Offerpad Charge Fees?

When you sell your home to Offerpad, you’ll pay a service fee between four percent and seven percent. So, if you accept a cash offer on your home for $375,000, you can expect to pay between $15,000 and $26,250.

How Long Has Offerpad Been in Business?

Offerpad has been in business for seven years.

Is Offerpad Owned by Zillow?

No, Offerpad is not exclusively owned by Zillow.

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