We’re big on innovation at Offerpad.
We know from firsthand experience that it takes big ideas to move the world, our company was borne from that very principle. When we originally developed our modern approach to real estate — one that gave more freedom and flexibility to consumers — it was considered a novelty. Today, our service is available in well over 700 cities across the country. By all accounts, the model we helped pioneer completely altered consumer expectations and changed the future of our industry. That all sounds pretty good on paper but we’re just getting started.
Say hello to Offerpad Greenhouse, the research and development arm of Offerpad. Serving as a home for our industry-defining technology, this is a place for Offerpad’s signature consumer-centric solutions to be cultivated and brought to fruition. Now we’re making it even easier to buy a home with some of our freshest Greenhouse offerings, Offerpad Instant Own and Buyer Boost.
Offerpad Instant Own
As recently as 2018, data shows a homebuyer needed to wait 43 days on average to close on a home. To put it another way, you could walk from California to Florida — 2,697 miles in total over an estimated 885 hours — and still need to wait six days move into your new home. Hope you brought something to read because that’s an awful lot of time to kill.
Naturally, the brains behind Offerpad Greenhouse felt they could devise a better solution. We’d like to introduce you to Offerpad Instant Own, an innovative program that provides interested buyers the option to move into an Offerpad home in as quickly as 24 hours and close within a matter of days. If you’re a numbers person (we have quite a few here at Offerpad), that means we’re reducing that 43-day average timeline to ownership by a whopping 77%. Let’s say you tour an Offerpad home on Monday and decide to buy it on Tuesday — with Offerpad Instant Own, you can move in as early as Wednesday.
Offerpad Instant Own allows homebuyers to operate on their own timeline — we think that’s pretty awesome. Look for this first-of-its-kind program to launch in all active Offerpad markets around early 2020.
Offerpad Buyer Boost
There are a lot of barriers to compete with when it comes to purchasing a home — another recent Offerpad Greenhouse innovation is set to eliminate some altogether, making it easier for Offerpad customers to secure their dream home in less time. With Offerpad Buyer Boost, Offerpad will use its financing power to secure the property on behalf of the buyer with a cash offer. It’s a total game-changer.
The only thing more satisfying than getting the keys to your dream home is waving goodbye to common buyer issues like contingent offers, moving more than once, or the colossal expense of juggling multiple mortgages. Offerpad Buyer Boost makes it possible.
While we can’t wait to get this service up and running, we’re still fine-tuning a few things to make sure it provides the best customer experience possible — early estimates forecast it launching in all available Offerpad locations later this year, stay tuned.
Innovation is always in season at Offerpad Greenhouse
Offerpad is an innovation company. The solutions we helped pioneer ultimately reshaped our industry and changed the perception of what’s possible in real estate. In our mission to provide the best way to buy and sell a home, we’ll never stop creating new ways to help homeowners.
Offerpad Greenhouse is the home for Offerpad’s industry-defining technology, a fertile ground of ingenuity where the most consumer-driven solutions in real estate are cultivated and brought to fruition. Serving as the research and development arm for the company, Offerpad Greenhouse is backed by some of the brightest, forward-thinking minds in the industry. The thought leadership incubator is carrying out a progressive vision to empower all real estate consumers through innovation.