“The number one thing is you’re putting the control back in the seller’s hand,” she said. “Before Offerpad there wasn’t much control they had or certainty over the process.
“A lot of people have actually lost out on their dream house … because they had a contingency of their house selling. There is not really peace of mind until the deal closes and the funds are transferred to their account,” Read explained. “With Offerpad you come to us, give us your property address, upload some pictures and within 24 hours we’ll provide you an offer. … We actually have customers that sell to us and buy Offerpad homes and they are able to do those transactions within a month.”
Mayes said the same data and analytics the company has developed to fuel its business model and customer-facing applications is also helping to fuel investment in the company.
“In addition to using data to provide a tremendous home buying and selling experience, we invest continuously in developing our proprietary technology and enhancing the millions of real estate and economic data points we collect,” he said. “These investments in data and technology help us identify potential market expansion while providing our investors and partners with the insight and the confidence to continue fuel our operations.”
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How ATTOM is Powering Real Estate Innovation – www.attomdata.com/contact-us/
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