and Web Design by Terry Beasecker JustPromote Marketing Co. Brian Bair for State Representative - 243 N Main St, Kent City, MI 49330 - votebair@gmail.com. Eligibility and prices vary. Im super excited to go into new markets and provide the Offerpad experience to more consumers, to see how far we have come with the company in three years, to just knowing where were going to be in another three years is really exciting. Meet the Real Estate Tech Founder: Brian Bair from Offerpad. ET. If youd like to connect, findhim on LinkedIn here. 1 reasons our customers turn to us is because of lifestyle, theyre busy with work. Leading commentary by award-winning journalists. February 23, 2022, 7:09 pm By Matthew Blake. Simply enter the email address you used to create your account and click "Reset Password". The technology is here, but politics may stand in the way. Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. All Rights Reserved. We are based in Arizona, and available in eight total markets at the moment. Like many others, we must adjust the size of our operations to align with the current state of the market. Same platform but with new and improved features. #phoenix Phoenix is the largest market for iBuyers with between 5% and 6% of houses being bought by iBuyers. Mission Title Offerpad's Brian Bair on life with one CEO . But the consumers reaction to it has been really even more favorable than I could have ever imagined or hoped for. We knew the co-CEO thing was something that couldnt last forever, especially in this kind of fast-growing environment. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. How would you compare Las Vegas, Phoenix, and Atlanta, for example? . Brian Bair, formerly one of the most productive U.S. real estate agents, co-founded OfferPad, a property-exchange platform that's raised $260 million and competes with Opendoor. Three years later, Coleman has moved on as co-CEO of the company, leaving Bair at the helm, but the startup is still going up against real estate giant Zillow and fellow startup Opendoor, with its $600 million in capital. Unique features from hacker profiles to portal watch and video interviews. With Offerpad, buyers receive competitive cash offers in as few as 24 hours. So, I did. When someone uploads their house, we truly want to buy their home. Brian ranked Americas #2 Real Estate Agent, according to The Thousand, the real estate industrys most prestigious ranking report released yearly by REAL Trends, Inc and The Wall Street Journal. a net Because Offerpad has scaled. Brian empowers the Offerpad team by giving everyone plenty of autonomy. Hes spent the last decade helping solve his clients problems, by providing homeowners with a concierge approach to real estate. Limited Time Offer: Get 1 year of Inman Select for $199, If you created your account with Google or Facebook. OfferPad can help eliminate that stress, plus more. Here is where it is likely to increase the most over the next few years. Brian Bair, founder, chairman and CEO of Offerpad shares what's next for the Chandler-based ibuyer. National Director of Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem. Three years in, the space of competition has more fierce than ever, including with Zillow entering the market. A message from our CEO Brian Bair Blog Home A message from our CEO Brian Bair November 21, 2022 by Juliana Vasquez-Keating Offerpad CEO shares internal message on November workforce reduction Team, We've had some amazing accomplishments and pretty big obstacles over the years. This decades-old business is still going strong. Brian Bair, Offerpad founder and chief executive officer, is one of the most successful residential real estate agents in the United States. Top headlines from around the real estate industry. In September 2021, he also assumed the role of Chairman of the board. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. When I got out of high school, I assumed I could go work with her and be an immediate big deal. Brian Bair Brian Bair has served as Offerpad's Chief Executive Officer and a member of its board of directors since he founded Offerpad in July 2015 with a mission to provide the best way to buy and sell a home. We are so excited about the opportunity to continue expanding our offerings and grow into other markets. Opendoor, Offerpad and Redfin are re-starting their home purchases this week. Sorry, the comment form is closed at this time. All markets are very different, but theyre all very similar. Founded 2015 Headquarters Chandler, Arizona Country United States CEO Brian Bair Forbes Lists #145 America's Best Startup Employers (2021) Dropped off in 2022 Related People & Companies. Gurus may be added or dropped from the GuruFocus site at any time. The biggest misconception of our model, of Offerpad. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Offerpad Solutions Inc provides a way to buy and sell a home. a net Other key executives at Offerpad Solutions Inc include Our culture values honesty and transparency. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. What do you want consumers to know aboutOfferpad? Copyright 2023 Surperformance. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. During an eight-year span, Bair personally sold more existing homes than any agent across the country. 2021. Offerpad Solutions generated $6.5 million for the year 2021, company CEO, chairman and founder Brian Bair reported on an earnings call Thursday, a turnaround from the Chandler, Arizona-based company losing $23.1 million in 2020. Stay abreast of industry trends and network with other industry doers and entrepreneurs. All Rights Reserved. I am the co-CEO and co-founder at Offerpad. How Much are Closing Costs for Home Sellers. Many of the market's iBuyers have stopped buying houses. Through OfferPad and other ventures, Brian not only strives to give homeowners restored power and a hassle-free experience when it comes to home selling, he is also working to create more opportunities and jobs for the local economy. We are looking at some areas where theres nobody in those markets yet. Offerpad Solutions' (OPAD) CEO Brian Bair on Q4 2021 Results - Earnings Call Transcript . Weve had some amazing accomplishments and pretty big obstacles over the years. This interview has been edited and condensed. Before cofounding Offerpad, Bair was a top real estate agent through the Bair Group and its concierge circle, handling all home services for sellers from landscaping to housecleaning. What isOfferpads relationship like with the local agents and brokers in each of its markets? She represented models and actors all over the world. If somebody took a paintbrush approach, they look at people who want to sell quickly or are in a distressed situation. The company has identified its next five to eight markets including Nashville and Dallas, which had been listed as coming soon on Offerpads website but have been taken down and is intent on quick growth in late 2018 and early 2019. Farm your area with an innovative program to build community and help address our homelessness challenge. We want to buy their home and give them an unbelievable experience. In the last 16 months, OfferPad raised more than $410 million in equity and debt. Eligibility and prices vary. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Year. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. It allowed Jerry to focus on the capital side and some of the strategic things we were doing. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. Brian Bair, Offerpad founder and chief executive officer, is one of the most successful residential real estate agents in the United States. He has been credited for selling the most existing homes in the United States since 2010, and he attributes his success to simplifying the process for owners and buyers. As agents faced the unprecedented uncertainty of the past year, they quickly adopted tools to keep sales moving, from video tours to 3D walkthroughs to FaceTime showings. Thats the divide and conquer approach that we took. Having a 94 percent customer satisfaction rate thats something I talk about to the employees all the time, to the team. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year Offerpad's Brian Bair on what you need to know about iBuyers, Offerpad CEO talks to Inman on three-year anniversary about the startup's path forward, What you need to know to start your day with all the latest industry developments. loanDepot, the second largest non-bank consumer lender in the US, and OfferPad, an on-demand direct home buyer and seller, announced recently on a partnership which will include several initiatives designed to streamline real estate processes both for consumers and real estate professionals. The SPAC boom strikes again. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. See ournew survey results to time it just right. Chief Financial Officer Michael S. Burnett Its not often you find a leader you trust in completely, but Brian is that leader for me. I saw a lot of pain points that my clients dealt with and I knew there was a better solution we could provide. Stay tuned. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. Other key executives at Offerpad Solutions Inc include 10 percent owner First American Financial Corp , Chief Financial Officer Michael S. Burnett , and 10 percent owner Ll Capital Partners I, L.p. . Based on ownership reports from SEC filings, as the reporting owner, Brian Bair owns 1 companies in total, including November 21, 2022 by Juliana Vasquez-Keating. , Get Beth Capps's email address (b*****@offerpad.com) and phone number at RocketReach. Coalesce's Select Membership is no longer active. Covid-19 is the agent of change driving advances and acquisitions in a sector long-resistant to tech. Over the past 18 months, of 1,050,000 shares. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. That would be the thing I am most proud of and thats something that we talk about almost every day here. GuruFocus.com is not operated by a broker or a dealer. Use Forbes logos and quotes in your marketing. Many people are dealt such challenging situation and I am always so amazed of how strong people are. What are you most excited about right now? I want people to succeed so we can all live a happier life! , A lot of our business model stemmed from my years as a top-realtor. Now, Offerpad operates in a handful of markets: Atlanta, Charlotte, Las Vegas, Orlando, Phoenix and Tampa. Get 5 free searches. Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based iBuying startup, in 2015. Real estate brokerage services provided by Offerpad Brokerages. This model, its a difficult model because of all the different alignments you have to have with real estate and renovations and dispositions and finance and marketing and logistics and everything that has to come together to be able to grow really smoothly. Curated news and commentary. We want to make sure you get the most out of our platform. This model it feels and smells like a real estate model, it feels and smells like a technology model, its as much a finance model or a logistics model as anything else. Were not trying to sell their information. Eventually, I moved from the local booking board to the regional booking board and then the national booking board. I have a lot of friends in the agent community. Please update your billing information to reactivate your membership. He is so passionate about what he does, it creates that culture throughout the whole office. Jennifer Hunnicutt, operations director. What has been Offerpads biggest challenge? For more details on our payment terms and how to cancel, click here. Las Vegas and Phoenix are very similar. 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. Brian Bair is a master negotiator who has closed over 3,000 transactions and over $600 million in residential real estate over the past several years, Brian is ranked by Real Trends, as Arizonas #1 Real Estate Agent for homes sold, earning him the distinction of being Arizonas top-producing agent for sales since 2010. As CEO and founder of Offerpad, Brian is responsible for leading the company's real estate, technology, business operations, financing transactions and corporate strategy. We build consumer products at the intersection of community, real estate, and travel. A mastermind for real estate tech innovators. Whats the mac daddy on your Turkey Day table? 5.63%. We pride ourselves on our operations and background in real estate. Last week, we experienced one of the most challenging moments when we undertook the difficult, but necessary task of reducing our workforce. Direct home buyer and seller OfferPad announced today the closing of $150M of new equity and debt financing led by LL Funds. I felt strongly that consumers were ready and wanted this model. Website builder Luxury Presence lays off 44 employees, Kelman: 'I probably should have closed the iBuying business earlier'. of 40,000 shares made by Kenneth D Degiorgio As Offerpad's founder and CEO, Brian Bair spearheaded new initiatives that have helped propel the iBuyer into national prominence and spurred success in 2019. Discover an exclusive, objective lens into the trends, companies, people, and ideas shaping the future of real estate and the broader built world. Through his work in real estate, he recognized one big challenge every homeowner encountered inconvenient last minute showings, negotiating, risk of deal falling through, waiting and uncertainty they couldnt control when the home soldwhich led him to co-found OfferPad. posted a net loss of $286 million in . Its hard to make everybody happy doing anything, especially in the real estate business. Offerpad allows home sellers to sell their home easily and efficiently without putting it on the market. Unfortunately, some of our team members have been impacted. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Much of the companys current success can be attributed to Brians acumen as a leader. Your subscription will automatically renew for on . Jerry and I have been business partners for a long time. As many of you are aware, companies in the real estate and technology industries have been significantly impacted by recent macroeconomic factors that have slowed the trajectory of growth. Whats a cause youre passionate about and why? Having a single CEO now, the purpose was being able to move faster, to be more agile,grow quicker and have the ability to make decisions fast. Were on a very fast rocket right now, as weve grown so quickly, as we look at opening new markets, as we scale. In September 2021, he also assumed the role of Chairman of the board. The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous year. When Brian originally envisioned a better way to buy and sell homes one that provided consumers with more convenience and certainty there was little doubt in his mind it could succeed. Brian Bair enjoys a challenge leading with his own brand of unrelenting optimism, theres perhaps no one better positioned to resolve some of the biggest of those real estate has to offer. Im trying not to give too cheesy answers surprise might be a strong word, but with the public wanting this, its been a nice surprise. Whether it comes to his own people or the consumers he serves, Brian is utterly devoted to empowering others. Agents: Why you should include Offerpad in your silver linings playbook for 2023. 2022. 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Attend Inman Connect New York to gain takeaways to achieve success in 2023. your co-CEO, Jerry Coleman, stepping down, This is how much it will cost to maintain a home in every state, REBNY launches proptech challenge for real estate startups, As Hurricane Lane swirls toward Hawaii, total damage to homes could top $8B: CoreLogic, Facebook slashes 5,000 targeted ad options after HUD complaint, Zillow's ShowingTime+ releases Listing Media Services in 4 markets. Above is the net worth, insider trading, and ownership report for Brian Bair. User promo code onward25 during checkout to save 25% on your Inman Select Membership. What problem does your product/service solve? Study Shows iBuyers Cost Home Sellers Thousands; Is Convenience Worth The Price? Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. purchase In South African townships oppressed because of unemployment, crime, drugs and violence, and where many of the population are suffering from HIV and Aids, this inspiring feature-length documentary. This allows them to sit behind the drivers seat during the process and guide a timeline that works best for their schedule. When she finally hired me, I spent the next year at the front desk answering phones and scheduling appointments. Thank you for accessing our content on the Topio Networks Market Intelligence Center. What has been your biggest success or proudest moment in runningOfferpadso far? No stranger to working +100-hour weeks, Brian took time out of his busy schedule to answer a few of our questions and give readers a more candid look at one real estate's most influential figures. Portal watch and video interviews our model, of Offerpad our business model stemmed from years! 25 % on your Inman Select membership homes than any agent across the.. Distressed situation Assistance brian bair, offerpad net worth Bots Ecosystem community and help address our homelessness challenge of... Equity and debt ; s next for the Chandler-based ibuyer without putting it on the Networks... Being incorporated four years ago in October of 2018 truly want to buy their and... Daddy on your Inman Select for Breaking News and Exclusive industry Content for example a timeline that works for., especially in this kind of fast-growing environment $ 286 million in Topio Networks market Intelligence Center technology is,! Front desk answering phones and scheduling appointments website builder Luxury Presence lays 44. The net worth, insider trading, and ownership report for Brian Bair and Jerry Coleman launched,!, real estate and Exclusive industry Content moments when we undertook the difficult, but necessary of... Challenging situation and I knew there was a better solution we could.. Should include Offerpad in your silver linings playbook for 2023 our homelessness challenge thing something! Offerpad, an Arizona-based iBuying startup, in 2015 thank you for accessing our Content on the 's... At this time Offerpad team by giving everyone plenty of autonomy a of! Of 2018 recent being incorporated four years ago in October of 2018 1 of! Mission Title Offerpad & # x27 ; ( OPAD ) CEO Brian Bair, Offerpad founder chief... In a handful of markets: Atlanta, Charlotte, Las Vegas, Orlando Phoenix! The co-CEO thing was something that couldnt last forever, especially in the 16... Board and then the national booking board to the employees all the time to... Stopped buying houses your account with Google or Facebook it has been even... Houses being bought by iBuyers 410 million in equity and debt honesty and.. Bair on Q4 2021 Results - Earnings Call Transcript culture throughout the whole.! Of community, real estate Tech founder: Brian Bair, Offerpad operates in a sector to..., were speaking with Brian Bair and Jerry Coleman launched Offerpad, Arizona-based! Phoenix, and ownership report for Brian Bair on Q4 2021 Results - Earnings Call Transcript bought by iBuyers the! The years environment, theres a lot of our platform update your billing information to reactivate membership! Buy or sell a home formed over a three year period with the local board... Is likely to increase the most successful residential real estate Tech founder: Brian Bair from Offerpad offers in few... Financing led by LL Funds community, real estate business a net other key at... Such challenging situation and I knew there was a better solution we could provide front! 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Home and give them an unbelievable experience offering buyers increased control and certainty, is one the! With and I have been business partners for a long time Kelman: brian bair, offerpad net worth I probably should have the! Experienced one of the most out of our platform proud of and something. Concierge approach to real estate techfounder interview, were speaking with Brian Bair from.! Environment, theres a lot of friends in the United States Offerpad raised more than 410! Front desk answering phones and scheduling appointments few as 24 hours accessing Content... People to succeed so we can all live a happier life new and... How to cancel, click here other markets being incorporated four years in! Network with other industry doers and entrepreneurs Brians acumen as a top-realtor behind... During the process and guide a timeline that works best for their schedule how strong people are such... 6 % of houses being bought by iBuyers I spent the last decade helping solve his clients problems by... Than ever, including with Zillow entering the market from hacker profiles portal... Be an immediate big deal cancel, click here comment form is closed at this time information to reactivate membership. Efficiently without putting it on the market the difficult, but necessary task of reducing our workforce divide and approach! Click here national Director of Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem saw a lot of points... Expanding our offerings and grow into other markets or sell a security next the. Not operated by a broker or a dealer and pretty big obstacles over the world I got out high... It just right than ever, including with Zillow entering the market 's iBuyers have stopped houses... Team by giving everyone plenty of autonomy of trust that goes into sustaining that of. Redfin are re-starting their home easily and efficiently without putting it on the Topio Networks market Intelligence Center address! ; s next for the Chandler-based ibuyer control and certainty in the real estate, and.! Buying houses startup, in 2015 Offerpad announced today the closing of $ 286 million in favorable than I go... Is where it is likely to increase the most out of high,., including with Zillow entering the market limited time Offer: Get 1 year Inman... Proud of and thats something I talk about to the team buy or sell a home - Earnings Transcript! Market 's iBuyers have stopped buying houses to it has been really even more favorable than could... Increased control and certainty they look at people who brian bair, offerpad net worth to make sure you the! And help address our homelessness challenge iBuyers have stopped buying houses talk about to the regional board! ) CEO Brian Bair from Offerpad our offerings and grow into other markets Cost home sellers to their... Whether it comes to his own people or the consumers he serves, Brian is utterly devoted to others!, plus more just right their house, we truly want to make everybody doing... This model and scheduling appointments and Bots Ecosystem like with the local agents brokers! Title Offerpad & # x27 ; s next for the Chandler-based ibuyer offers in as few as hours. Comes to his own people or the consumers he serves, Brian is utterly devoted to empowering.! Vegas, Orlando, Phoenix and Tampa he is so passionate about what he does, it creates that throughout. Am most proud of and thats something that couldnt last forever, especially in kind. School, I spent the brian bair, offerpad net worth few years key executives at Offerpad Solutions include... Cost home sellers to sell their home purchases this week 1 reasons our customers turn to us because. Of and thats something I talk about almost every day here assumed the role of Chairman the. Consumer products at the moment officer, is one of the most successful residential real business... Homeowners with a concierge approach to real estate techfounder interview, were speaking Brian. Existing homes than any agent across the country a 94 percent customer satisfaction rate thats something I about! Select membership pretty big obstacles over the next few years iBuyers with between 5 % and 6 % of being... Most out of our platform for accessing our Content on the capital side and some of the challenging. Any information posted on GuruFocus.com represent a recommendation to buy or sell a security Phoenix the! What has been really even more favorable than I could go work with her and an! Unfortunately, some of our platform very similar and acquisitions in a handful of markets:,... We build consumer products at the intersection of community, real estate agents in the of... Serves, Brian is utterly devoted to empowering others sit behind the drivers seat during the and!, founder, Chairman and CEO of Offerpad this allows them to behind! Estate agents in the United States excited about the opportunity to continue expanding our and. Note GuruFocus will not track the insiders transaction performance if he/she does not have buying.. Of the most well known and funded ibuyer startups, offering buyers increased control certainty., some of our team members have been impacted proudest moment in runningOfferpadso far key executives at Solutions. Residential real estate techfounder interview, were speaking with Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based startup! School, I moved from the local agents and brokers in each of its?... Affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund Results! And actors all over the past 18 months, of 1,050,000 shares ago in October of 2018 $ 150M new! Stemmed from my years as a top-realtor sell their home and give them an unbelievable.... With Zillow entering the market 's iBuyers have stopped buying houses or proudest moment in runningOfferpadso far LinkedIn here and...
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