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Home » Offerpad, Auction.com announce real estate transaction partnership
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Offerpad, Auction.com announce real estate transaction partnership

May 6, 2025No Comments2 Mins Read
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Offerpad and Auction.com Partner to Simplify Home Renovation Process

The collaboration between Offerpad and Auction.com aims to streamline the process of turning acquired properties into move-in ready homes, while also expanding the reach of both platforms.

Offerpad’s Chairman and CEO, Brian Bair, expressed excitement about the partnership, stating, “This partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions. Renovate was built to deliver quality work with speed and care, and working with Auction.com allows us to bring that expertise to more homes and partners across the country.”

Ali Haralson, President of Auction.com, added, “We’re excited to partner with Offerpad to bring together two of the leading real estate marketplaces. This partnership strengthens our ability to serve sellers and buyers at scale, while helping neighborhoods thrive.”

Offerpad will leverage Auction.com’s SmartSale platform to increase exposure for properties listed on its platform, enhancing competitive offer activity. SmartSale, launched in January, combines traditional property listing methods with Auction.com’s online marketplace.

Offerpad’s Renovate division, established after years of handling repairs and upgrades on its own home inventory, has grown into a standalone business-to-business platform. In the first quarter of 2025, Offerpad completed over 200 renovation projects, generating $5.3 million in revenue, with a significant portion coming from institutional clients in various states.

The collaboration between Offerpad and Auction.com reflects a shared goal of making real estate transactions more transparent, efficient, and inclusive, while contributing to community revitalization by enhancing the condition and availability of homes.

See also  Why You Probably Shouldn’t Open A Real Estate Brokerage
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