In our latest real estate tech founder interview, we’re speaking with Brian Bair from Offerpad. He’s the co-founder and co-CEO of Offerpad, as well as has a background as a licensed real estate agent. Brian previously served as co-founder and managing partner of Lexington Financial, LLC and Bridgeport Financial Services LLC, one of the largest acquisition and sales companies in the Southwest.
Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. They recently announced a major re-brand, as well as $150 million in new funding.
Without further ado…
What do you do?
I am the co-CEO and co-founder at Offerpad. We are based in Arizona, and available in eight total markets at the moment. Our company works directly with consumers to help eliminate the stress of selling and buying a home. People can request an offer on their home by entering in their property address to our website, upload photos and important details on their home, and within 24-hours we will send an offer for review.
After accepting the offer, the homeowner selects their closing date, whether that is within 10 days or 80+ days, we will work with them to align with their schedule. Customers that are looking for an immediate move, on average are selecting 22-days to close.
I manage a lot of the day-to-day operations and have an amazing team that executes against our strategy. A lot of our business model stemmed from my years as a top-realtor. I saw a lot of pain points that my clients dealt with and I knew there was a better solution we could provide.
What problem does your product/service solve?
Consumers can take on an enormous amount of stress when selling a home. The questions of when I should sell my home, how much can I actually get for it, will I need to renovate it before putting it on the market, how long will it sit there and what double expenses may I incur, is part of the uncertainty one may face.
OfferPad can help eliminate that stress, plus more. Our customers don’t need to worry about showing their home and finding movers – we can on that responsibility and the others mentioned above.
In fact, our customers select their closing date. This allows them to sit behind the driver’s seat during the process and guide a timeline that works best for their schedule.
What are you most excited about right now? What’s next for you?
The opportunities for the real estate industry to change are enormous. We are so excited about the opportunity to continue expanding our offerings and grow into other markets. We are passionate about real estate and being the solution that people turn to, allowing them to move freely.
What’s a cause you’re passionate about and why?
I am passionate about people. Everyday people are struggling with very different situations in their life. It could be someone devastated with a cancer diagnosis, a sick child, an elderly person alone, a family going thru financial problems, people dealing with the struggle of making the most out of their life. There are times that I think we all make a mistake of getting so “life busy” and not stopping to help someone in need. Many people are dealt such challenging situation and I am always so amazed of how strong people are. Overall, I value and love people. I believe people are good, people are caring, people are kind. I want people to succeed so we can all live a happier life!
Thanks to Brian for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).
The post Meet the Real Estate Tech Founder: Brian Bair from Offerpad appeared first on GeekEstate Blog.
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