General Questions About OfferTeam

posted in: Uncategorized | 0

What is OfferPad?

OfferPad is a direct home buyer. Our mission is to empower homeowners and provide the ultimate home selling experience: convenience, control and excellent value. We eliminate the stress, uncertainty and inconvenience of the traditional real estate process, and, we make you a competitive purchase offer to make sure you get all the value you can from your biggest investment.

Why was OfferPad created?

OfferPad started in 2015 with a simple goal: to provide a better way for homeowners to sell their homes. Make the process easy, hassle-free, and be ready to move as fast as homeowners need. If you are thinking of selling over the next couple months, or as soon as next week, our team of real estate experts are dedicated to helping you every step of the way.

Where is OfferPad currently buying homes?

OfferPad is currently buying homes in the metro areas of Atlanta, Charlotte, Las Vegas, Los Angeles, Salt Lake City, Tampa, Orlando and Phoenix. OfferPad is only available in the markets we know best. Our decades of experience in these cities makes it possible for us to buy quality homes, offer competitive prices and deliver homeowners the ultimate home selling experience.

What types of homes does OfferPad buy?

Today we're purchasing homes that fit the following criteria:

  • • Family residential homes, including condos and townhomes
  • • Homes in age-restricted communities (max purchase price up to $325,000)
  • • Homes in gated communities
  • • Homes that are site-built (not manufactured, pre-fabricated, or mobile)
  • • Homes located in our service areas
  • • When the seller has clear ownership of the property (no double escrow)
  • • Homes built after 1960
  • • Homes where our valuation is up to $500K
  • • Homes that sit on at maximum of one acre of land
  • • Homes that are owner-occupied or vacant, not leased, at the time of closing (no lease backs after closing)
  • • Homes that don’t have any significant foundation issues

How quickly can we close and move?

It’s your choice! You get to pick the day—anytime within 5 and 90 days. We are ready to move as fast as you need.

How long do I have to move out after closing?

With our Flex Close option, you can move out up to 3 days after closing. To qualify for the OfferPad Flex Close, the seller must complete a Post-Possession Addendum. This is a free service, but please note that OfferPad will hold back $3,000 as a deposit that the seller will receive once they vacate their home on the 3rd day.

What if I have a listing agent?

Although you do not need a real estate agent to sell your home to OfferPad, if you have an existing listing agreement with an agent, we’re required to communicate our offer directly to your agent. The real estate commission will be deducted by the title company from your net proceeds at closing. You should refer to the terms of your listing agreement to confirm what those amounts are. OfferPad’s brokerage affiliate will receive the agreed upon buyer broker commissions. Please be sure to note in your request that you have a real estate agent. In the online request form, select “Yes” that you agree and understand that we will send your offer directly to your agent, and then input your agent’s contact information inside the noted area.

What do you do with my house after I move?

We develop a repair and renovation plan to get the home in show-ready condition to list it on the market.

How do you keep my information secure?

For all document signings, we use DocuSign, an approved third-party application. All escrow payments and paperwork are handled by a trusted title company, securing all financial management and payments. The security of your information throughout the entire process is part of our promise of a better experience with OfferPad.

Leave a Reply