Offerpad

Summary

Offerpad is the second-largest iBuyer in the United States and operates in the Indianapolis metro. The company offers a cash product with an 8 to 90 day close window plus a flex product allowing up to three days of post-close occupancy. Service fees typically run six to nine percent. Offerpad prefers single-family homes built after 1960 in good condition, which fits much of the Indianapolis suburban market. Sellers receive an initial estimate within twenty-four hours and a final offer after inspection. Indianapolis coverage is generally more consistent than smaller metros, making Offerpad a viable comparison point alongside Opendoor. In the softening market, the flex product's post-close occupancy can reduce the stress of coordinating a move under a tighter pricing environment.