Offerpad

Summary

Offerpad is the second-largest iBuyer in the United States and operates in the St. Louis 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 the suburban St. Louis County market better than the older city core. Sellers receive an initial estimate within twenty-four hours and a final offer after inspection. In St. Louis's strong market, the iBuyers price more competitively than in slower markets, so Offerpad is worth including as a comparison point alongside Opendoor for sellers with newer, well-maintained homes.