Offerpad Corporate Office

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Offerpad History

Offerpad is a start up company that uses data to change how people buy and sell houses. Jerry Coleman, a co-founder of Blackstone’s Invitation Homes, and Brian Bair, a top-selling real estate broker, founded OfferPad in mid-2015. Both serve as co-CEOs of the company.

The company relies on technology to make offers to homeowners, who they believe value the certainty of a sale and the ability to close within days, over getting the highest price. Offerpad purchases homes then resells them for a higher price.

   Currently, the number of homes that the company has bought and sold measures in the hundreds, but this pair of businessmen say that they expect the number to be in the hundreds every single day within 5 years. Coleman and Bair originally self-funded the company and expanded it slowly since its initial launch in Arizona. Today, Offerpad operates in six markets; Phoenix, Arizona, Las Vegas, Nevada, Salt Lake City, Utah, Tampa & Orlando, Florida, and Los Angeles, California. The company has plans to go national, with at least 30 cities, by the end of 2020. 

The company’s platform has shaken up the traditional real estate process by using technology to eliminate the uncertainty that comes with buying or selling a home. Using OfferPad is simple enough;  homeowners visit the website and request a free purchase offer. Usually, within 24 hours, homeowners receive a competitive offer. Once they have accepted the offer, sellers can pick their closing date, and if they are moving locally, the company will move them for free.

Offerpad has headquarters in Gilbert, Arizona and employs approximately 500 persons.  

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