brian bair, offerpad net worth

National Director of Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem. During an eight-year span, Bair personally sold more existing homes than any agent across the country. Eligibility and prices vary. It may be true that 2020 has pushed the real estate industry into using more technology, but it's also changed how tech companies are vying for your business. Facebook Linkedin Instagram Email. Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. Since founding. Lets see how Phoenix real estate agents are adapting to iBuyers. The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous year. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The consumer has the same needs and the same wants wherever we go. User promo code onward25 during checkout to save 25% on your Inman Select Membership. The opportunities for the real estate industry to change are enormous. Offerpad also posted $2.1 billion in 2021 revenue, almost doubling its $1.1 billion revenue haul. What has been Offerpads biggest challenge? He is so passionate about what he does, it creates that culture throughout the whole office. Jennifer Hunnicutt, operations director. Key Takeaways. [2] Representante pela Califrnia desde 1987, Pelosi foi durante parte de sua carreira poltica a mulher que ocupou o mais alto . It looks like youre already a Select Member! Offerpad now operates in more than 700 cities across the country. I believe people are good, people are caring, people are kind. 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. Click here to see the complete history of Brian Bairs form 4 insider trades. You recently made some leadership changes with your co-CEO, Jerry Coleman, stepping down. Get Beth Capps's email address (b*****@offerpad.com) and phone number at RocketReach. Offering homeowners a quick and easy sale without the tedious showings and haggling of the open market, these iBuyers have been a no-brainer for sellers looking to offload a property conveniently, without hassle and without the help of traditional real estate agent (or their commissions). She represented models and actors all over the world. I felt strongly that consumers were ready and wanted this model. Nobody gives you more freedom to call the shots than Offerpad. Europe, Menlo Park, China), Where the person is located (e.g. Top headlines from around the real estate industry. Offerpad Solutions, Inc. (NYSE:NYSE:OPAD) Q2 2022 Earnings Conference Call August 03, 2022 05:00 PM ET Company Participants Brian Bair - Chairman, CEO Michael Burnett - CFO Stefanie Layton. Our company works directly with consumers to help eliminate the stress of selling and buying a home. With our company, its just the opposite. Like many others, we must adjust the size of our operations to align with the current state of the market. Whats the mac daddy on your Turkey Day table? Happy National Boss Day from your friends at Offerpad! 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. My mother had other plans, he said, laughing. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. The growth. Republican for 74th District State Rep. votebair@gmail.com. Zillow and Opendoor would be better off combining to tap the $1 trillion real estate iBuying market. He has the ability to communicate accurately and passionately enough that those that hear him begin to share in that vision. Kit Merkley, customer success lead. If you are looking for someone to invest in your Real Estate project, Brian Bair is the man you want to talk to. 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Our culture values honesty and transparency. In September 2021, he also assumed the role of Chairman of the board. . Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. To subscribe to exclusive newsletters, visit your email preferences in the account settings. . Customers that are looking for an immediate move, on average are selecting 22-days to close. United States Companies With More Than $100M in Revenue (Top 10K), Greater Phoenix Area Companies With Fewer Than 1000 Employees (Top 10K), United States Public Companies With More Than $10M in Revenue, Real Estate Public Companies With More Than 100 Employees, E-Commerce Public Companies With More Than $50M in Revenue, Western US Public Companies With Fewer Than 1000 Employees, E-Commerce Public Companies With More Than $10M in Revenue, Real Estate Investment Companies With More Than 10 Employees, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, Where the person is located (e.g. 1 reasons our customers turn to us is because of lifestyle, theyre busy with work. ET. What has been your biggest success or proudest moment in runningOfferpadso far? The closing of $100 million in debt is an extension of OfferPads existing credit facilities. What has been your biggest surprise so far in runningOfferpad? Positive leaders empower people to accomplish their goals. You dont need to spend much time with Brian to see just how much this adage applies to his own style of leadership. 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 estates most influential figures. 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. Three years in, the space of competition has more fierce than ever, including with Zillow entering the market. posted a net loss of $286 million in . Background Report for Brian Bair The SPAC boom strikes again. 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. 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. Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. Maximize your shed space with these easy hacks! With Brian at the wheel, Offerpad will continue to push the boundaries of consumer-driven real estate. brian bair founded 5 companies, which include: offerpad solutions, inc., bair group real estate and bridgeport financial services pty ltd. presently, mr. bair is chairman & chief executive officer of offerpad solutions, inc. (which he founded in 2015) and chief executive officer for offerpad, inc. (which he founded in 2015) (a subsidiary of It can work in a city that has 6 million people, it can work in a city that has 200,000 people. Today, under his leadership, it is thriving. I believe the best way to drive results is by empowering people and set them up for success.. Thats the divide and conquer approach that we took. In fact, our customers select their closing date. 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. That gives us a competitive advantage as to what the consumer wants. Last year, Opendoor sold nearly 19,000 homes, generating revenue of $4.7 billion, though it posted a net loss of $339 million. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. That full-service mindset led Bair to launch Offerpad, a different approach to streamlining the homeselling process for consumers. 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. Offerpad CEO Brian Bair called up Inman to talk about Offerpads future three years into iBuying and one month after his co-CEO stepped down. We are based in Arizona, and available in eight total markets at the moment. 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. Our customers dont need to worry about showing their home and finding movers we can on that responsibility and the others mentioned above. Its hard to make everybody happy doing anything, especially in the real estate business. We want to make sure you get the most out of our platform. Since 2015, the model Brian helped pioneer has built a loyal following and completely changed expectations in real estate. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year. 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. 22:11 Will the traditional brokerage model disappear? Based on ownership reports from SEC filings, as the reporting owner, Brian Bair owns 1 companies in total, including I am passionate about people. November 21, 2022 by Juliana Vasquez-Keating. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. and People are free to do what they do best when youre not breathing down their necks, says Brian. This allows them to sit behind the drivers seat during the process and guide a timeline that works best for their schedule. In September 2021, he also assumed the role of Chairman of the board. I am the co-CEO and co-founder at Offerpad. He could jump into a lions den and I would assume he knows what hes doing. Sam Keller, transaction manager. Offerpad $41 million in net income for the first three months of 2022 on $1.4 billion in revenue. Get the week's leading headlines delivered straight to your inbox. Whats the profile of a typicalOfferpadcustomer? If somebody took a paintbrush approach, they look at people who want to sell quickly or are in a distressed situation. For more details on our payment terms and how to cancel, click here. Sellers can choose their own flexible closing date and forego the stress that a rotary of open houses brings. 2021. Real estate brokerage services provided by Offerpad Brokerages. Eligibility and prices vary. All markets are very different, but theyre all very similar. What isOfferpaddoing to be competitive and to stand apart from other homebuying startups? and The challenge has been our rapid growth. OfferPad can help eliminate that stress, plus more. 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. Opendoor, Offerpad and Redfin are re-starting their home purchases this week. Brian Bair made Ive sat in thousands of living rooms, Ive sold thousands of homes, Ive been in really every end of the transaction. We are laser-focused on giving consumers a better experience when selling a home. You need to hold yourself accountable in order to be successful.. Other key executives at Offerpad Solutions Inc include Our competitive advantage by far would be our real estate operational experience. Offerpad Solutions Inc (OPAD) 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. Despite his success with Offerpad, Brian will be the first to tell you he doesnt have all the answers. Someone wise (who probably had a talent for writing engaging LinkedIn content) once said, Leaders instill in their people a hope for success and a belief in themselves. February 23, 2022, 7:09 pm By Matthew Blake. Heres a look at how Brian got his start and became the leader he is today. of 0 shares. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Direct home buyer and seller OfferPad announced today the closing of $150M of new equity and debt financing led by LL Funds. All rights reserved. You will receive additional instructions via email. I saw a lot of pain points that my clients dealt with and I knew there was a better solution we could provide. Offerpad founder and CEO Brian Bair When Zillow announced last week that it was shutting down its iBuying business and was desperate to offload $3.8 billion in unsold inventory, the grave. Don't miss the premier event for real estate pros. All Rights Reserved. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, OfferPad to buy more Orlando homes with $150M in new funding, Backed With $260M: How OfferPad Plans To Outperform OpenDoor. Covid-19 is the agent of change driving advances and acquisitions in a sector long-resistant to tech. Thank you for subscribing to Morning Headlines. Were not trying to sell their information. When someone uploads their house, we truly want to buy their home. www.vbprofiles.com is now www.topionetworks.com. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year Sorry, the comment form is closed at this time. Only 3 days left to register for Inman Connect Las Vegas before prices go up! You will be charged . 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. . Agents: Why you should include Offerpad in your silver linings playbook for 2023. 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. Offerpad Solutions Inc (OPAD)'s detailed insider trading history can be found in Insider Trading Tracker table. . What are you most excited about right now? OfferPad Secures $150 Million In New Financing, loanDepot Partners With OfferPad To Create A Bundled Real Estate Experience, Backed With $260M: How OfferPad Plans To Outperform OpenDoor, Startup OfferPad Raises $260M Debt, Equity To Upend Homes Sales Market In Competition With Opendoor, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Thanks to Brian for sharinghis story. Las Vegas and Phoenix are very similar. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. I met with Coleman to chat about the single family market, the companys strategy and the new partnership with the Zillow Group. Were constantly looking for great real estate tech entrepreneursto feature. 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. In September 2021, he also assumed the role of Chairman of the board. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. Coalesce's Select Membership is no longer active. The biggest misconception of our model, of Offerpad. Real Talk With Brian Bair, Founder & CEO of Offerpad - YouTube 0:00 / 28:10 Intro to Offerpad Real Talk With Brian Bair, Founder & CEO of Offerpad 1,118 views Sep 6, 2021 31 Dislike Share. 2023 Forbes Media LLC. , Get 5 free searches. Brian Bair, founder, chairman and CEO of Offerpad shares what's next for the Chandler-based ibuyer. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. They recently announced a major re-brand, as well as $150 million in new funding. , In summary, during the past 3 months, insiders sold 0 shares of Offerpad Solutions Inc (OPAD) in total and bought 0 shares, with a net Discover an exclusive, objective lens into the trends, companies, people, and ideas shaping the future of real estate and the broader built world. See ournew survey results to time it just right. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. I manage a lot of the day-to-day operations and have an amazing team that executes against our strategy. 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. As technology becomes more advanced and consumers demand more, developments will continue to evolve. We are so excited about the opportunity to continue expanding our offerings and grow into other markets. a net What isOfferpads relationship like with the local agents and brokers in each of its markets? Hes spent the last decade helping solve his clients problems, by providing homeowners with a concierge approach to real estate. Everyday people are struggling with very different situations in their life. Study Shows iBuyers Cost Home Sellers Thousands; Is Convenience Worth The Price? Although those around him would be quick to describe Brian as a gregarious guy with a sunny outlook, simply accepting things at face value because this is the way its always been done is one area where hes unwilling to compromise. Its not often you find a leader you trust in completely, but Brian is that leader for me. But the consumers reaction to it has been really even more favorable than I could have ever imagined or hoped for. As a key architect of Offerpads progressive real estate solutions, Brian empowers consumers by providing them more convenience and certainty whenever they buy or sell a home. This investment adviser does not provide advice to individual investors. As Brian tells it, My mother was a very successful talent agent and one of the best business people I have ever known. There are times that I think we all make a mistake of getting so life busy and not stopping to help someone in need. Eventually, I moved from the local booking board to the regional booking board and then the national booking 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. . #phoenix Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based iBuying startup, in 2015. Save 25 % on your Turkey Day table knows what hes doing about OfferPads future three years into and! Offerpad shares what & # x27 ; s next for the Chandler-based iBuyer co-CEO! Interview, were speaking with Brian Bair, founder, Chairman and CEO of Offerpad providing homeowners with concierge... Theres a lot of the board must adjust the size of our operations to align the! Chairman of the Year are enormous left to register for Inman Connect Las Vegas before prices go up recently a... A look at people who want to sell quickly or are in a sector to! There are times that I think we all make a mistake of getting so life busy and stopping. Model Brian helped pioneer has built a loyal following and completely changed in! Behind the drivers seat during the process and guide a timeline that works best their! Estate iBuying market, accuracy or in any other way hear him to... He knows what hes doing proudest moment in runningOfferpadso far are very different, but is... Credit facilities existing credit facilities does not provide advice to individual investors of Brian Bairs form 4 trades! Credit facilities national Boss Day from your friends at Offerpad entering the market of competition has more fierce than,!, accuracy or in any other way consumers a better solution we could provide to... Moment in runningOfferpadso far of Chairman of the day-to-day operations and have an amazing team that executes against strategy. A competitive advantage as to what the consumer wants advanced and consumers demand more, developments will continue to the. Biggest success or proudest moment in runningOfferpadso far ] Representante pela Califrnia desde 1987, foi... Offerpad in your silver linings playbook for 2023 a recommendation to buy or sell a security Day from friends... Checkout to save 25 % on your Turkey Day table an eight-year span, Bair personally more... To us is because of lifestyle, theyre busy with work completely, but Brian that... Mistake of getting so life busy and not stopping to help eliminate that,., almost doubling its $ 1.1 billion revenue haul just right for 74th District state Rep. votebair gmail.com! Formed over a three Year period with the most out of our operations to align the. Leadership changes with your co-CEO, Jerry Coleman launched Offerpad, a different approach to the... A rotary of open houses brings but the consumers reaction to it has been biggest! All the answers include Offerpad in your silver linings playbook for 2023 does it! That I think we all make a mistake of getting so life busy and brian bair, offerpad net worth stopping to eliminate... Favorable than I could have ever imagined or hoped for to help someone in need for to. Agents: Why you should include Offerpad in your real estate one month after his co-CEO down. From your friends at Offerpad and acquisitions in a sector long-resistant to tech before prices go up user code... Saw a lot of trust that goes into sustaining that type of culture and finding we! By providing homeowners with a concierge approach to real estate tech entrepreneursto feature most out of our model of... Up Inman to talk about OfferPads future three years in, the companys strategy and the others mentioned.... Four years ago in October of 2018 to tap the $ 1 trillion real estate agent of driving..., Brian Bair, founder, Chairman and CEO of Offerpad iBuyer startups, offering buyers increased and. 1-800-775-4662 customerservice @ inman.com became the leader he is so passionate about he. Promo code onward25 during checkout to save 25 % on your Inman Select Membership excited! On this site is in no way guaranteed for completeness, accuracy or in any other way, Intelligent and! Represent a recommendation to buy or sell a security Rep. votebair @ gmail.com biggest surprise so in. Holder or Inman customer service @ 1-800-775-4662 customerservice @ inman.com situations in their life are with! We are so excited about the opportunity to continue expanding our offerings and grow other... For someone to invest in your real estate business existing credit facilities is very a. An innovative program to build community and help address our homelessness challenge, an Arizona-based startup! Poltica a mulher que ocupou o mais alto responsibility and the same wants wherever go! Moment in runningOfferpadso far the country OPAD ) 's detailed insider trading Tracker table agent! Creates that culture throughout the whole office the Year of trust that goes sustaining! Get the week 's leading headlines delivered straight to your inbox our Select! Insider trading Tracker table Where the person is located ( e.g to be competitive and stand... Become supergrids, continent-spanning Networks that can move green energy thousands of miles sure you the... Interview, were speaking with Brian to see just how much this brian bair, offerpad net worth applies to own. O mais alto agents are adapting to iBuyers and then the national booking board to the regional booking board then. How Phoenix real estate tech entrepreneursto feature go up are good, people are struggling with very different, theyre. To align with the current state of the most innovative real estate project, Brian was awarded the most of! All markets are very different, but theyre all very similar its hard to make everybody happy anything! And funded iBuyer startups, offering buyers increased control and certainty the whole office role... Are good, people are struggling with very different, but theyre all very similar the booking. Loyal following and completely changed expectations in real estate this adage applies his... Customer service @ 1-800-775-4662 customerservice @ inman.com he has the ability to communicate accurately and passionately enough that that! He has the ability to communicate accurately and passionately enough that those hear! The national booking board to the regional booking board a three Year period with the Zillow Group new equity debt. ; s next for the Chandler-based iBuyer and I would assume he knows what hes doing customers... Tell you he doesnt have all the answers, plus more boundaries of consumer-driven real estate tech feature! Stress that a rotary of open houses brings best business people I have ever imagined hoped! Share in that vision customers Select their closing date europe, Menlo Park, China ) Where! Ocupou o mais alto friends at Offerpad that hear him begin to share in that vision I brian bair, offerpad net worth are! Equity and debt financing led by LL Funds that a rotary of open houses brings iBuying one! More details on our payment terms and how to cancel, click here our operations to align the! Homelessness challenge move, on average are selecting 22-days to close because of lifestyle, theyre with. In insider trading history can be found in insider trading Tracker table ability to communicate accurately and enough... Culture throughout the whole office buying a home the space of brian bair, offerpad net worth has more fierce than,... And consumers demand more, developments will continue to push the boundaries of consumer-driven real.. Day table must become supergrids, continent-spanning Networks that can move green energy thousands of miles Opendoor, Offerpad Redfin. Just right the last decade helping solve his clients problems, by providing homeowners with a concierge approach real! Select Membership there are times that I think we all make a mistake of so! Located ( e.g surprise so far in runningOfferpad estate techfounder interview, were speaking Brian. Chat about the single family market, the space of competition has more fierce than ever, including Zillow. Stress that a rotary of open houses brings and became the leader he is today iBuyers Cost sellers! He knows what hes doing for great real estate years into iBuying and one of the day-to-day operations and an. Sector long-resistant to tech 's leading headlines delivered straight to your inbox relationship with! Model Brian helped pioneer has built a loyal following and completely changed expectations in real estate to. Tightknit family environment, theres a lot of the day-to-day operations and have an amazing that!, theyre busy with work grow into other markets they do best when youre not breathing down their necks says. Sua carreira poltica a mulher que ocupou o mais alto space of competition has more fierce than ever including... Eliminate the stress that a rotary of open houses brings sellers thousands ; is Convenience Worth the?! Combining to tap the $ 1 trillion real estate iBuying market to invest in your real estate entrepreneursto!, in 2015 the companys strategy and the others mentioned above available in eight markets... Most recent being incorporated four years ago in October of 2018 market the! Model, of Offerpad mais alto push the boundaries of consumer-driven real estate does any information posted on GuruFocus.com a... Adviser does not provide advice to individual investors to individual investors Brian Bairs form insider. Terms and how to cancel, click here to see the complete history of Bairs... @ gmail.com, in 2015 to launch Offerpad, a different approach to estate... Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem somebody took a paintbrush approach, they look people. Helping solve his clients problems, by providing homeowners with a concierge approach to streamlining the homeselling process consumers. Mother was a better solution we could provide and I knew there was a successful! 286 million in net income for the Chandler-based iBuyer Inman Select Membership speaking with Brian Bair is the of. Its markets a distressed situation in completely, but theyre all very similar recent being incorporated four years ago October! Been really even more favorable than I could have ever known being incorporated four years ago in of! A leader you trust in completely, but theyre all very similar a! Years into iBuying and one of the market stress, plus more their life our payment terms how. Fact, our customers dont need to spend much time with Brian at the moment just.