The city of Indianapolis has recently been identified as a new major market for Offerpad Inc. a home buying and seller marketplace.
The announcement was made Thursday by Offerpad in a company statement as it continues business development and launches its market expansion in Indianapolis, Indiana.
The Arizona-based online properties buy and sell company will bring its Real Estate Solutions Center to homeowners and sellers in the Midwest beginning this summer.
Offerpad’s first pitch to homeowners and buyers in the Midwest follows on the heels of its expansion into the Denver and Nashville markets last month.
The latest launch expands Offerpad’s coverage and total availability nationwide to up to 1,000 cities and towns.
Offerpad Vice President for Strategic Initiatives Matt Brohn said they have been monitoring and eyeing the Indianapolis market for some time now as one of the fastest-growing and hottest housing markets in the United States.
“The market’s strong economic trends including affordability, employment and population growth, and a burgeoning tech community, are encouraging,” Brohn said.
“Indy also has appealing home construction dynamics with a positive outlook and inventory, as well as a large number of real estate transactions overall – key indicators of support for current and future Offerpad services,” he stressed.
Offerpad recently launched its full suite of services in Indianapolis identifying it as a top-level market.
Indianapolis is a top-level market that Offerpad believes presents opportunity and appetite for the company’s flagship iBuyer solution called Offerpad Express direct cash offers, and its full suite of custom selling solutions, services, and benefits the real estate tech innovator is known for.
With a Net Promoter Score of 72 and a 93% Customer Satisfaction Rating, based on a Q4 2020 survey of over 360 people who sold a home to Offerpad, the company is set to take innovative solutions and premier services to Indianapolis real estate consumers.
Among the real estate options launched through Offerpad’s exclusive Real Estate Solutions Center include Offerpad FLEX, a re-invented home listing experience that enables home sellers to list their home on the open market with an Offerpad-employed agent and a backup cash offer, plus other customized selling features not offered with a traditional home listing such as home improvement advances and show-ready home services.
The company also offers a 60-Day Extended Stay program, so that sellers don’t have to worry about the stress and rush of closing and moving on the same day. Home buying options were also offered with flexible move-in dates and the services of a dedicated transaction manager to help buyers through the entire process.
Offerpad also offers homebuilders and agents in the Indianapolis area new opportunities for business growth and development through access to its Solutions Center.
By partnering with Offerpad’s Homebuilder Services program, new home construction builders can use the company’s services to facilitate new-home sales in their communities. Through the company’s Agent Partnership Program, agents and brokers can receive an industry-high 3% referral fee when assisting their home sellers with a sale to Offerpad.
In preparation for its launch and expansion of services to homeowners in the Indianapolis area, Offerpad is currently searching for local experts to work in their community in many real estate-intensive positions.
In March, Arizona-based real estate platform Offerpad, Inc. announced it is going public by entering into a $3-Bilion merger agreement with Supernova Partners Acquisition Company, Inc. (Supernova), a publicly traded special purpose acquisition company.