2022-06-30 | NYSE:OPAD | Press release

Company’s one-stop real estate solutions are now available in over 170 zip codes across the state

Block of offers (NYSE: OPAD), a leading technology platform for buying and selling residential real estate, today announced its expansion into northern and southern Colorado with the launch of its new markets, Colorado Springs and Fort Collins. From competitive 24-hour cash offers and flexible enrollment options to mortgage services that allow buyers to lock in interest rates for up to 90 days, Offerpad transforms the process of buying and selling homes to give Colorado residents more control in an ever-changing housing market.

“Since opening in the Denver market early last year, we have seen strong community interest and great customer satisfaction.1 with our real estate solutions,” said Offerpad Real Estate Director Vaughn Bair, a 20-year real estate veteran. “We are thrilled to now help Coloradans in Fort Collins and Colorado Springs buy and sell homes with easier alternatives that allow them to access ‘real estate’ on their own terms.”

Offerpad’s real estate solutions help take the guesswork out of Colorado buyers and sellers by giving them the freedom to choose the options that best suit their needs, including:

  • Competitive cash offers within 24 hours
  • Flexible closing dates to avoid costly disputes like multiple moves or duplicate mortgage payments
  • No open houses or tours
  • Free extended stay options so sellers can stay in their current home for up to three days after purchase by Offerpad
  • Free local moves (up to 50 miles) when selling direct to Offerpad2

Sellers also have the option of listing their home on the open market with a local Offerpad agent. Offerpad takes care of almost everything for sellers, including house cleaning and yard work, to help prepare their home for sale. Some customers may even be eligible to keep Offerpad’s cash offer as backup3.

Since saving money remains a top priority for all Americans, bundling buying, selling, and financing services through Offerpad’s Bundle Rewards program could deliver thousands in savings.4. For home seekers who are concerned about rising interest rates, buyers using Home loan offers can lock in their rate for up to 90 days while house hunting for even more peace of mind in an often uncertain market.

Offerpad continues its expansion in the South West

Offerpad’s real estate solutions are now available in more than 170 zip codes across Colorado. Sellers can visit Offerpad.com today to submit a request for a free cash offer or speak to a real estate expert in their area about selling their home on the open market. With the addition of Offerpad’s two new Colorado markets, the company’s real estate solutions are now available in 27 US markets and nearly 1,800 cities and towns across the country. Offerpad will focus on growing its footprint around regional hubs in the Midwest, Southeast and Southwest through the remainder of 2022 with plans to expand in Cincinnati, Ohio and Fort Wayne, Indiana later this year.

1 Based on a survey of over 1,000 customers.

2 Terms and conditions of application. Learn more here https://www.offerpad.com/move-for-free/.

3 Terms and conditions of application. Not all homes or customers will be eligible for the Relief Money offer, please discuss eligibility with your Offerpad representative. Learn more here https://www.offerpad.com/flex.

4 Offerpad bundle rewards are not available in all states or situations. Terms and conditions available at https://www.offerpad.com/sell-and-buy.

About Offerpad

Offerpad’s mission is to provide the best home buying and selling experience so you can spend less time doing real estate and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We combine our local residential real estate expertise with proprietary technology to put you in control of the process and help you find the right solution that fits your needs. Offerpad’s real estate solutions are available in 27 US markets and nearly 1,800 cities and towns across the country. Visit Offerpad.com for more information.

Forward-looking statements

Certain statements contained in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or the future financial or operating performance of Offerpad. For example, statements regarding Offerpad’s market expansion plans are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “pro forma,” “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “s ‘strive,’ ‘budget,’ ‘forecast,’ ‘expect,’ ‘intention,’ ‘will,’ ‘estimate,’ ‘anticipate,’ ‘believe,’ ‘predict,’ ‘potential” or “continue,” or the negatives of these terms or their variations or similar terminology. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are based on estimates and assumptions which, while believed to be reasonable by Offerpad and its management, are inherently uncertain. Nothing in this press release should be taken as a representation by anyone that the forward-looking statements set forth herein will materialize or that any of the results contemplated by such forward-looking statements will be achieved. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Offerpad undertakes no obligation to update these forward-looking statements .



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