{"id":846967,"date":"2025-05-06T06:18:01","date_gmt":"2025-05-06T10:18:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/offerpad-and-auction-com-partner-to-transform-real-estate-transactions\/"},"modified":"2025-05-06T06:18:01","modified_gmt":"2025-05-06T10:18:01","slug":"offerpad-and-auction-com-partner-to-transform-real-estate-transactions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/offerpad-and-auction-com-partner-to-transform-real-estate-transactions\/","title":{"rendered":"Offerpad and Auction.com Partner to Transform Real Estate Transactions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Offerpad and Auction.com Partner to Transform Real Estate Transactions<\/b><\/p>\n<p class=\"bwalignc\"><i>Offerpad Renovate becomes an Auction.com preferred provider<\/i><\/p>\n<p>TEMPE, Ariz. &amp; IRVINE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.offerpad.com%2F&amp;esheet=54247045&amp;newsitemid=20250506398328&amp;lan=en-US&amp;anchor=Offerpad&amp;index=1&amp;md5=2769edda18985e6f6dab37b1a2f4b029\">Offerpad<\/a> (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.auction.com%2F&amp;esheet=54247045&amp;newsitemid=20250506398328&amp;lan=en-US&amp;anchor=Auction.com&amp;index=2&amp;md5=886e548289667c260065b4045cbbd907\">Auction.com<\/a>, the nation\u2019s leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/<\/a><\/p>\n<p>\nAs part of the collaboration, Offerpad\u2019s Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. This service complements Auction.com\u2019s marketplace scale with Offerpad\u2019s renovation expertise, enabling buyers to more easily transform acquired properties into high-quality, move-in ready homes.\n<\/p>\n<p>\nAdditionally, Auction.com\u2019s SmartSale\u2122 platform will extend Offerpad\u2019s ability to serve its homeowners\u2019 competitive offers through expanded buyer reach.\n<\/p>\n<p>\n\u201cThis partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions,\u201d said Brian Bair, Chairman and CEO of Offerpad. \u201cRenovate was built from the ground up to deliver quality work with speed and care, and working with Auction.com allows us to bring that expertise to more homes and more partners across the country.\u201d\n<\/p>\n<p>\nOfferpad launched its Renovate business after years of developing in-house expertise through its own home inventory operations. What began as an internal function has evolved into a B2B renovation platform across the country, now serving institutional clients nationwide. In Q1 2025, Offerpad reported a record quarter for Renovate, with over 200 completed projects and $5.3 million in revenue\u2014the highest total since the division\u2019s launch. Nearly half of the volume now comes from institutional clients, with top performance in Texas, Georgia, Colorado, Tennessee, and Kansas.\n<\/p>\n<p>\n\u201cWe\u2019re excited to partner with Offerpad to bring together two of the leading real estate marketplaces,\u201d said Ali Haralson, President of Auction.com. \u201cThis partnership strengthens our ability to serve sellers and buyers at scale \u2014 from local community developers to institutional investors \u2014 while helping neighborhoods thrive.&#8221;\n<\/p>\n<p>\nTogether, Auction.com and Offerpad are streamlining the process of transforming properties into move-in ready homes. This gives buyers a trusted path to renovate properties efficiently, offers sellers access to a vast, nationwide buyer base, and helps communities revitalize faster.\n<\/p>\n<p>\nThis collaboration also reflects Auction.com\u2019s purpose-driven mission to unlock more efficient, transparent, and inclusive ways for people to buy and sell real estate \u2014 including innovations like SmartSale\u2122, which integrates traditional selling paths into its trusted marketplace.\n<\/p>\n<p><b>About Offerpad<\/b><\/p>\n<p>\nOfferpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that remove the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we&#8217;ve leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.offerpad.com&amp;esheet=54247045&amp;newsitemid=20250506398328&amp;lan=en-US&amp;anchor=www.offerpad.com&amp;index=3&amp;md5=bb3a8f8429388a3cb769cf0ae2646fbc\">www.offerpad.com<\/a>.\n<\/p>\n<p><b>About Auction.com<\/b><\/p>\n<p>\nAuction.com is the nation\u2019s leading online investment property marketplace, with over 533,000 homes sold and $66 billion in transactions. While known for its leadership in foreclosure and REO auctions, Auction.com also helps sellers bring traditionally listed properties to market through SmartSale\u2122, a platform combining the control of a traditional sale with the transparency and scale of Auction.com\u2019s marketplace. With tools like Remote Bid\u2122 and data-driven insights, Auction.com empowers sellers, expands access to homeownership, and supports local communities. The platform serves homeowners, investors, and community developers dedicated to revitalizing neighborhoods and unlocking real estate value. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.auction.com%2F&amp;esheet=54247045&amp;newsitemid=20250506398328&amp;lan=en-US&amp;anchor=www.auction.com&amp;index=4&amp;md5=89620e0accb88f87a49a80564271818f\">www.auction.com<\/a>.\n<\/p>\n<p>\n#OPAD_IR\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250506398328r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/<\/a><\/span><\/p>\n<p>\nPress Contact:<br \/>\n<br \/>Cortney Read<br \/>\n<br \/>Chief of Staff &amp; VP, Operations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@offerpad.com\">press@offerpad.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California Arizona<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Construction &amp; Property Fintech Electronic Commerce Professional Services Software Internet Data Management Other Construction &amp; Property Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250506398328\/en\/2457022\/3\/2024_Offerpad_2Color_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250506398328\/en\/2457023\/3\/adc-full-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Offerpad and Auction.com Partner to Transform Real Estate Transactions Offerpad Renovate becomes an Auction.com preferred provider TEMPE, Ariz. &amp; IRVINE, Calif.&#8211;(BUSINESS WIRE)&#8211;Offerpad (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and Auction.com, the nation\u2019s leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/ As part of the collaboration, Offerpad\u2019s Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. This service complements &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/offerpad-and-auction-com-partner-to-transform-real-estate-transactions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Offerpad and Auction.com Partner to Transform Real Estate Transactions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-846967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Offerpad and Auction.com Partner to Transform Real Estate Transactions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/offerpad-and-auction-com-partner-to-transform-real-estate-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Offerpad and Auction.com Partner to Transform Real Estate Transactions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Offerpad and Auction.com Partner to Transform Real Estate Transactions Offerpad Renovate becomes an Auction.com preferred provider TEMPE, Ariz. &amp; IRVINE, Calif.&#8211;(BUSINESS WIRE)&#8211;Offerpad (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and Auction.com, the nation\u2019s leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/ As part of the collaboration, Offerpad\u2019s Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. 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By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250506398328\/en\/ As part of the collaboration, Offerpad\u2019s Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. 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