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Offerpad Renovate becomes an Auction.com preferred provider
TEMPE, Ariz. & IRVINE, Calif., May 06, 2025--(BUSINESS WIRE)--Offerpad (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and Auction.com, the nation’s leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities.
As part of the collaboration, Offerpad’s Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. This service complements Auction.com’s marketplace scale with Offerpad’s renovation expertise, enabling buyers to more easily transform acquired properties into high-quality, move-in ready homes.
Additionally, Auction.com’s SmartSale™ platform will extend Offerpad’s ability to serve its homeowners’ competitive offers through expanded buyer reach.
"This partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions," said Brian Bair, Chairman and CEO of Offerpad. "Renovate was built from the ground up to deliver quality work with speed and care, and working with Auction.com allows us to bring that expertise to more homes and more partners across the country."
Offerpad launched its Renovate business after years of developing in-house expertise through its own home inventory operations. What began as an internal function has evolved into a B2B renovation platform across the country, now serving institutional clients nationwide. In Q1 2025, Offerpad reported a record quarter for Renovate, with over 200 completed projects and $5.3 million in revenue—the highest total since the division’s launch. Nearly half of the volume now comes from institutional clients, with top performance in Texas, Georgia, Colorado, Tennessee, and Kansas.
"We’re excited to partner with Offerpad to bring together two of the leading real estate marketplaces," said Ali Haralson, President of Auction.com. "This partnership strengthens our ability to serve sellers and buyers at scale — from local community developers to institutional investors — while helping neighborhoods thrive."
Together, Auction.com and Offerpad are streamlining the process of transforming properties into move-in ready homes. This gives buyers a trusted path to renovate properties efficiently, offers sellers access to a vast, nationwide buyer base, and helps communities revitalize faster.