Cue the confetti! We’re getting an early jump on celebrating the new year with the announcement of Offerpad’s plans to roll out its comprehensive, customer-focused Real Estate Solutions Center in two new markets! We’re thrilled that starting in early 2021, we’ll be helping customers in the burgeoning Denver and Nashville metropolitan areas with the easiest, best way ever to buy and sell a home.
Denver and Nashville New Housing Hotbeds
The West and South regions of the U.S. are the fastest growing areas in the country right now, and Denver and Nashville are both housing and real estate hotbeds, two key factors Offerpad considers when looking at markets to expand into. As Matt Brohn, our Vice President for Strategic Initiatives, explains:
Success for Offerpad is capturing markets that provide growth for not only the services and products we provide today, but those with the right environment to support dynamic growth as we continue to rapidly innovate offerings,” Matt said. “After a thorough quantitative and qualitative analysis where we blend traditional MLS and trending market data, as well as leverage our unique internal insights on what we know works well for our business model, Denver and Nashville more than meet that criteria for our company’s aggressive growth agenda.”
That agenda includes several other new markets Offerpad has its eye on (stay tuned for more exciting announcements!) for even more growth and expansion in 2021. Adding physical offices in Denver and Nashville are just the start. As we finalize preparations ahead of our official launch dates in those two cities, recruitment for local Market Directors and other top real estate talent, as well as vendors to assist in home renovation work, is already under way. To learn more about new employment opportunities, visit Offerpad’s careers page.
Offerpad Market Analysis for Denver and Nashville
When looking at markets, Offerpad uses its own proprietary blend of internal and external analytics to target the best areas and opportunities for the company’s growth — and where we can help the most people buying and selling houses. We look to leverage area demand and regional data that trend positively for growth in overall real estate transactions; strong economic, employment and population growth; affordability; as well as home construction dynamics and inventory, the latter of which is a pivotal metric for the company’s continually expanding national Homebuilder Alliance program. As in all our markets, homebuilders in Denver and Nashville will be able to partner with Offerpad to provide buyers of new-construction homes with even greater certainty and convenience when selling their existing home while waiting for their new one to be built.
Colorado is currently one of the hottest housing markets in the country, and one of the fastest-growing states in terms of housing units, meeting key metrics for Offerpad’s decision to open in Denver. The Mile High City and state Capitol also boasts a strong and growing tech sector, and is ranked #11 by Niche 2020 as one of the Best Cities for Young Professionals in America.
According to US News & World Report, Tennessee ranked #1 in fiscal stability last year. The magazine also ranked Nashville, the state’s Capitol and heart of country music (they don’t call it Music City for nothing), #15 as one of its 125 Best Places to Live in the USA. And Southern Living magazine ranked the home of Nashville hot chicken #3 as one of the Best Cities in the South in 2020, making it another key market and environment perfectly suited for scaling Offerpad’s real estate services and solutions set going into 2021.
The Offerpad Solution
As in every Offerpad market, customers in Denver and Nashville will soon enjoy real estate options including selling their home instantly to Offerpad – the perfect solution for those who seek a competitive cash offer with the convenience and control that comes with no showings and the customer’s ability to select their closing date. They may also choose to partner with Offerpad’s dedicated team of experts in real estate, renovations and home marketing to list their home, the best choice for sellers who want to maximize their home’s value when putting it on the market.
“We’re known for providing quick competitive cash offers, which will always remain a core offering,” said Offerpad Founder and CEO Brian Bair. “For new customers in Denver and Nashville looking to list their home, Offerpad is by far the most advanced way to maximize a home’s value on the open market. Our 100% free, show-ready home services, matched with our Home Improvement Advance program and back-up instant cash offer, are unparalleled.
Sellers are now, more than ever, in control of their experience through our solutions center,” continued Bair. “We provide solutions, they select their option. We look forward to extending these options to our new customers in Denver and Nashville, and into other new markets later in 2021.”
Real estate agents in Denver and Nashville will also have the opportunity to receive a 3% referral fee – the highest in the industry – when working with Offerpad to sell their client’s home. Interested brokerages and agents can learn more here. Area homebuilders interested in partnering with the company through its Homebuilder Alliance can get more information by contacting Offerpad at email@example.com.