Cincinnati expected to launch later in 2022, with more expansion planned around regional hubs in the Midwest, Southeast and Southwest
Offerpad (NYSE:OPAD), a leading tech-enabled platform for buying and selling residential real estate, revealed expansion plans today that will bring the company’s top-rated1 solutions to residents in Cincinnati; Colorado Springs and Fort Collins, Colo.; Fort Myers, Fla.; and Fort Wayne, Ind. Today’s expansion news comes on the heels of continued momentum with the company’s best quarter in Offerpad history. Earlier today the company reported first-quarter financial results announcing a year-over-year $1.1 billion revenue increase.
“At Offerpad, we do things differently. Bringing together technology with our local real estate expertise, we take buying and selling homes from stressful to seamless,” said Offerpad Chief Real Estate Officer Vaughn Bair. “Traditional real estate, especially in today’s competitive market , often leaves homeowners feeling out of control and uncertain. Our solutions provide buyers and sellers with the flexibility to act fast and take care of all their needs under one roof. Americans increasingly want more convenience and control over their transactions, and we’re excited to help more homeowners in these new markets.”
Offerpad is expected to complete its Fort Myers opening in the second quarter and plans to expand to Cincinnati and the additional three markets later this year. When these five markets open, buyers and sellers across 29 US markets will have access to …