Offerpad

Summary

Offerpad is the second-largest iBuyer in the United States and operates in select New Mexico markets including Albuquerque, with intermittent service in Las Cruces depending on demand. The company offers two products: a cash offer with an eight-to-ninety-day close window, and a flex product that allows sellers to live in the home for up to three days after closing. Service fees typically run six to nine percent of the offer price. Offerpad prefers single-family homes built after 1960, between 600K and below, in good condition. Properties outside that band may not receive an offer. Sellers receive an initial estimate within twenty-four hours of submitting property information, and a final offer following a virtual or in-person inspection.