brian bair, offerpad net worth

Your subscription will automatically renew for on . Enter your email address to subscribe to this blog and receive notifications of new posts by email. The iBuyer trend is gaining ground. Breaking news as it happens. Those are some of the things you have to be prepared for. Whats the mac daddy on your Turkey Day table? Based on ownership reports from SEC filings, as the reporting owner, Brian Bair owns 1 companies in total, including One of the main reasons we did that was just to grow faster. Prior to founding Offerpad, Brian Bair was a top real estate agent. $142 million. He attributes much of his success to pioneering an award-winning concierge program in 2012, which is being integrated into Offerpad's new solutions center. Zillow and Opendoor would be better off combining to tap the $1 trillion real estate iBuying market. Background Report for Brian Bair of 40,000 shares made by Kenneth D Degiorgio My background is in traditional real estate, so coming into it Ive seen a lot, having done thousands of transactions before Offerpad was born. Naturally, having two CEOs, there are more people that need to be aligned. Lets see how Phoenix real estate agents are adapting to iBuyers. My mother was the first person to teach me life is about results., Working for Brian is truly a pleasure. Terms and conditions apply. . I saw a lot of pain points that my clients dealt with and I knew there was a better solution we could provide. Agents: Why you should include Offerpad in your silver linings playbook for 2023. But the consumers reaction to it has been really even more favorable than I could have ever imagined or hoped for. Stay a Night, Give a Night If youd like to connect, findhim on LinkedIn here. A lot of our business model stemmed from my years as a top-realtor. In September 2021, he also assumed the role of Chairman of the board. Stay tuned. Were constantly looking for great real estate tech entrepreneursto feature. 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. Brian empowers the Offerpad team by giving everyone plenty of autonomy. 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. I felt strongly that consumers were ready and wanted this model. Most agents, when they understand what were trying to do, are friendly to the concept. A PAID MEMBERSHIP, PRIVATE COMMUNITY. It will merge with a shell company helmed by Chamath Palihapitiya, a venture capitalist and early Facebook executive. of 0 shares. Unfortunately, some of our team members have been impacted. 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. of 1,050,000 shares. 2023 Forbes Media LLC. 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. What are you most excited about right now? Thank you for subscribing to Morning Headlines. We really want to buy your home. If theres one thing you should know about Brian Bair its that he doesnt like being told something is unachievable. Located in Phoenix-Mesa-Glendale, AZ Metropolitan Area. 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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 Arizona's #1 Real Estate Agent for homes sold, earning him the distinction of being Arizona's top-producing agent for sales since 2010. . Whether it comes to his own people or the consumers he serves, Brian is utterly devoted to empowering others. Offerpad Solutions Inc. (NYSE:NYSE:OPAD) Q3 2021 Earnings Conference Call November 10, 2021 05:00 PM ET Company Participants Stefanie Layton - Senior Director, Investor Relations Brian Bair. We have provided severance packages and extended health care coverage to help support those individuals through this difficult transition. Everyday people are struggling with very different situations in their life. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Year. Net Worth. 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. Thesis-driven essays. What has been Offerpads biggest challenge? In this model, iBuyer, on-demand buyer, whatever you want to call it, I feel pretty strongly that were just really in the first inning of some of the potential we have with this model. Brian Bair has been associated with eleven companies, according to public records. Brian Bair. 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. What do you want consumers to know aboutOfferpad? He could jump into a lions den and I would assume he knows what hes doing. Sam Keller, transaction manager. In less than two years the Offerpad raised $30M in equity and $230M in debt from LL Funds in order to expand its home-buying model. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Real estate brokerage services provided by Offerpad Brokerages. Nancy Patricia D'Alesandro Pelosi (Baltimore, 26 de maro de 1940) uma poltica norte-americana.Filiada ao Partido Democrata, foi, entre 2019 e 2023, a presidente da Cmara dos Representantes dos Estados Unidos, j tendo ocupado este posto de 2007 a 2011. 22:11 Will the traditional brokerage model disappear? Phoenix is the largest market for iBuyers with between 5% and 6% of houses being bought by iBuyers. There are basements in Atlanta, which there arent in Phoenix, there are larger lots. 2021. 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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. Whats a cause youre passionate about and why? Leading commentary by award-winning journalists. Last year, Opendoor sold nearly 19,000 homes, generating revenue of $4.7 billion, though it posted a net loss of $339 million. Jerry and I have been business partners for a long time. What has been your biggest success or proudest moment in runningOfferpadso far? . 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. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. We want to make sure you get the most out of our platform. Bair, who founded Offerpad in 2015, set out a slew of changes the . Past performance is a poor indicator of future performance. 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. Brian Bair made purchase sale 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. In the last 16 months, OfferPad raised more than $410 million in equity and debt. Copyright 2023 Surperformance. Startup OfferPad Raises $30 million in equity and $230 million in debt to upend the home sales market in competition 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. 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. . I believe the best way to drive results is by empowering people and set them up for success.. Our net income this quarter was $12.8 million and includes a $15.6 million credit to mark-to-market the . We are based in Arizona, and available in eight total markets at the moment. 11:57 Offerpad's strategy of attacking new markets13:30 Offerpad's total addressable market15:27 How will Offerpad make most of its revenue? There are always things I can do better and I work hard every day to improve at them. Request a free offer on your home today or if youre in the market to buy a house, check out our latest available homes for sale near you. 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. Our customers dont need to worry about showing their home and finding movers we can on that responsibility and the others mentioned above. OfferPad can help eliminate that stress, plus more. What isOfferpads relationship like with the local agents and brokers in each of its markets? Use Forbes logos and quotes in your marketing. National Director of Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem. They recently announced a major re-brand, as well as $150 million in new funding. As such, your leader, HR and the entire executive team are here to listen and answer questions. , 2004-2023 GuruFocus.com, LLC. February 23, 2022, 7:09 pm By Matthew Blake. Because Offerpad has scaled. Offerpad Solutions' (OPAD) CEO Brian Bair on Q4 2021 Results - Earnings Call Transcript . Offerpad's Brian Bair on life with one CEO and 3 years of iBuying 08/23/2018 Offerpad CEO Brian Bair called up Inman to talk about Offerpad's future three years into iBuying and one month after his co-CEO stepped down. 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. Our competitive advantage by far would be our real estate operational experience. Technology 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 Offerpad by Emma Hinchliffe. 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. Stay abreast of industry trends and network with other industry doers and entrepreneurs. Offerpad Solutions Inc (OPAD) a net But you cant take Phoenix and Vegas and apply it exactly the same way to Atlanta, there are products that we buy for that area and certain expectations you just have to know your stuff in these markets. Bair got on the phone with Inman to discuss his companys three-year anniversary and its path forward after a few months of changes in Phoenix. In just 6 months and at 22 years old, I increased bookings by 250%. Same platform but with new and improved features. 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. Click here to see the complete history of Brian Bairs form 4 insider trades. The consumer has the same needs and the same wants wherever we go. Thanks to Brian for sharinghis story. 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. "Since [the second quarter], the economy, consumer. With Brian at the wheel, Offerpad will continue to push the boundaries of consumer-driven real estate. So, I did. Brian Bair, founder, chairman and CEO of Offerpad shares what's next for the Chandler-based ibuyer. To learn more, speak to your Offerpad representative or visit, Ready to put up that holiday dcor? As technology becomes more advanced and consumers demand more, developments will continue to evolve. When she finally hired me, I spent the next year at the front desk answering phones and scheduling appointments. Much of the companys current success can be attributed to Brians acumen as a leader. Offerpad $41 million in net income for the first three months of 2022 on $1.4 billion in revenue. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Study Shows iBuyers Cost Home Sellers Thousands; Is Convenience Worth The Price? She wouldnt hire me until I got a job working for someone else for at least a year. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. There are times that I think we all make a mistake of getting so life busy and not stopping to help someone in need. The challenge has been our rapid growth. Sorry, the comment form is closed at this time. Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a . [2] Representante pela Califrnia desde 1987, Pelosi foi durante parte de sua carreira poltica a mulher que ocupou o mais alto . Heres a look at how Brian got his start and became the leader he is today. www.vbprofiles.com is now www.topionetworks.com. We pride ourselves on our operations and background in real estate. To subscribe to exclusive newsletters, visit your email preferences in the account settings. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. In September 2021, he also assumed the role of Chairman of the board. The opportunities for the real estate industry to change are enormous. Please update your billing information to reactivate your membership. I manage a lot of the day-to-day operations and have an amazing team that executes against our strategy. Sellers can choose their own flexible closing date and forego the stress that a rotary of open houses brings. Get Beth Capps's email address (b*****@offerpad.com) and phone number at RocketReach. Our company works directly with consumers to help eliminate the stress of selling and buying a home. 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. 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As Brian tells it, My mother was a very successful talent agent and one of the best business people I have ever known. #phoenix You will receive additional instructions via email. Simply enter the email address you used to create your account and click "Reset Password". 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. Has eXp done enough to shed costs and still grow in 2023? 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. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. In fact, our customers select their closing date. 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. Im a lifelong learner, he says. 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. purchase That would be the thing I am most proud of and thats something that we talk about almost every day here. Inman News, the leading publication in real estate, nominated Brian for the 2015 Inman Innovator award, one of the most coveted honors in real estate, for his focus on helping improve the real estate experience through the use of technology and innovation. 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. Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. ET. Offerpad Solutions Inc (OPAD)'s detailed insider trading history can be found in Insider Trading Tracker table. Discover an exclusive, objective lens into the trends, companies, people, and ideas shaping the future of real estate and the broader built world. Like many others, we must adjust the size of our operations to align with the current state of the market. Since 2015, the model Brian helped pioneer has built a loyal following and completely changed expectations in real estate. That full-service mindset led Bair to launch Offerpad, a different approach to streamlining the homeselling process for consumers. This investment adviser does not provide advice to individual investors. 10 percent owner First American Financial Corp 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. With Offerpad, buyers receive competitive cash offers in as few as 24 hours. You need to hold yourself accountable in order to be successful.. My most important role is to provide extensive information, market property and, most importantly, negotiate contracts.. Here is where it is likely to increase the most over the next few years. Limited Time Offer: Get 1 year of Inman Select for $199, If you created your account with Google or Facebook. Before Brian was working to change conventional real estate, he was learning important life lessons from his mom. 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. Las Vegas and Phoenix are very similar. March 26, 2022 Uncategorized. 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. 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. Above is the net worth, insider trading, and ownership report for Brian Bair. One of the no. Under his leadership, Offerpad has instituted groundbreaking consumer-centric home buying and selling solutions, empowering more people around the country to move freely. Having a 94 percent customer satisfaction rate thats something I talk about to the employees all the time, to the team. Stock quotes provided by InterActive Data. Get the week's leading headlines delivered straight to your inbox. Get 5 free searches. The Thousand ranks the top one half of one percent of over 963,000 real estate agents nationwide. 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. The technology is here, but politics may stand in the way. Unique features from hacker profiles to portal watch and video interviews. 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. a net I am the co-CEO and co-founder at Offerpad. Offerpad also posted $2.1 billion in 2021 revenue, almost doubling its $1.1 billion revenue haul. During the past 18 months, 0 shares of Offerpad Solutions Inc (OPAD) were sold and 1,050,000 shares were bought by its insiders, resulting in a net Favorite Holiday Trials & Traditions: What are yours? It can work in a city that has 6 million people, it can work in a city that has 200,000 people. and Increase Rate. The one that would ultimately define his career was life is about results. We build consumer products at the intersection of community, real estate, and travel. Spencer Rascoff and Offerpad CEO Brian Bair spoke to Inman about the behind-the-scenes moves that led to Offerpad's decision to go public through a SPAC. Many of the market's iBuyers have stopped buying houses. On average, the real estate technology leader receives new offer requests from homeowners every 30 seconds and acquires a home every 20 minutes throughout regular business hours. The growth. Last week, we experienced one of the most challenging moments when we undertook the difficult, but necessary task of reducing our workforce. Enjoy a 7-Day Free Trial Thru Jan 25, 2023. Many people are dealt such challenging situation and I am always so amazed of how strong people are. A mastermind for real estate tech innovators. Customers that are looking for an immediate move, on average are selecting 22-days to close. People are free to do what they do best when youre not breathing down their necks, says Brian. She represented models and actors all over the world. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Nobody gives you more freedom to call the shots than Offerpad. 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. To learn more, speak to your Offerpad representative or visit, Top Arizona zip codes to buy a home in 2020, Meet the Royles: How Offerpad helped a pair of empty nesters transition to their next home, Agents: Why you should include Offerpad in your silver linings playbook for 2023. 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 Our culture values honesty and transparency. It allowed Jerry to focus on the capital side and some of the strategic things we were doing. Consumers can take on an enormous amount of stress when selling a home. 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. November 21, 2022 by Juliana Vasquez-Keating. In every market, people are selling homes and people have the same needs. Participants can register hereto receive a personalized dial in number and PIN. The biggest misconception of our model, of Offerpad. If somebody took a paintbrush approach, they look at people who want to sell quickly or are in a distressed situation. Other recent insider transactions involving Offerpad Solutions Inc (OPAD) include Real estate brokerage services provided by Offerpad Brokerages. Offerpad CEO Brian Bair. Founder of 6 different companies, which include: Offerpad Solutions, Inc., Elevation Home Energy Solutions, Inc. and Bair Group Real Estate, Brian Bair and currently occupies the position of Chairman & Chief Executive Officer at Offerpad Solutions, Inc. (which he founded in 2015) and Chief Executive Officer for OfferPad, Inc. (which he founded in 2015) (a subsidiary of Offerpad Solutions, Inc.). Offerpad Solutions Inc provides a way to buy and sell a home. . I was off and running! Now, Offerpad operates in a handful of markets: Atlanta, Charlotte, Las Vegas, Orlando, Phoenix and Tampa. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The closing of $100 million in debt is an extension of OfferPads existing credit facilities. 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. All Rights Reserved. Whats the profile of a typicalOfferpadcustomer? We are looking at some areas where theres nobody in those markets yet. We have our people power people whove been real estate agents for years that can help us buy the right properties and also give consumers the right experience. 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. 16:55 What are Offerpad's efficiencies?20:28 How are iBuyers different than companies that buy distressed homes? The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. of 1,000,000 shares made by Roberto Marco Sella Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. Coalesce's Select Membership is no longer active. 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. Zillow is soon to follow. The webcast can be accessed on Offerpad's Investor Relations website. Eligibility and prices vary. Offerpad Chairman and CEO Brian Bair and CFO Mike Burnett will host a conference call and accompanying webcast on November 2, 2022, at 5 p.m. 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. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Maximize your shed space with these easy hacks! We knew the co-CEO thing was something that couldnt last forever, especially in this kind of fast-growing environment. He's spent the last decade helping solve his clients' problems, by providing homeowners with a concierge approach to real estate. Brian Bair, Offerpad founder and chief executive officer, is one of the most successful residential real estate agents in the United States. User promo code onward25 during checkout to save 25% on your Inman Select Membership. Weve had some amazing accomplishments and pretty big obstacles over the years. Favorite Holiday Trials & Traditions: What are yours? Direct home buyer and seller OfferPad announced today the closing of $150M of new equity and debt financing led by LL Funds. With our company, its just the opposite. It looks like youre already a Select Member! Ten of the companies are still active while the remaining one is now listed as inactive. 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. Sector analysis & product reviews. Gurus may be added or dropped from the GuruFocus site at any time. If you are looking for someone to invest in your Real Estate project, Brian Bair is the man you want to talk to. purchase Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. Thank you for your continued support. Thats one area where we think we have a big advantage over competitors in this space. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. We are laser-focused on giving consumers a better experience when selling a home. 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. But each market always has its own dynamic, from seasonality to local expertise and local expectations. Forgot your username? What isOfferpaddoing to be competitive and to stand apart from other homebuying startups? Eventually, I moved from the local booking board to the regional booking board and then the national booking board. What have you learned about the different markets where you operate in your first three years? I am passionate about people. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Opendoor, Offerpad and Redfin are re-starting their home purchases this week. My background is with agents. Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. 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). Since founding. 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. All rights reserved. posted a net loss of $286 million in . Subscribe to Inman Select for Breaking News and Exclusive Industry Content. 1 reasons our customers turn to us is because of lifestyle, theyre busy with work. Sign up for Individual Select membership today. Despite his success with Offerpad, Brian will be the first to tell you he doesnt have all the answers. Europe, Menlo Park, China), Where the person is located (e.g. 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. 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. Covid-19 is the agent of change driving advances and acquisitions in a sector long-resistant to tech. 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. 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. You recently made some leadership changes with your co-CEO, Jerry Coleman, stepping down. 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. Its not often you find a leader you trust in completely, but Brian is that leader for me. 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. $150 million. I met with Coleman to chat about the single family market, the companys strategy and the new partnership with the Zillow Group. 24:53 Where do you see Offerpad in 10 years? 10 percent owner Ll Capital Partners I, L.p. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. brian bair, offerpad net worth. Key Takeaways. Brian sold 868 homesthe second most homes in the country and his sales numbers and track record landed him in The Wall Street Journal, saying A career in real estate is not a sales position, and it goes far beyond locating product. Thats the divide and conquer approach that we took. 2022. Eligibility and prices vary. Get out the streamers and kazoos and start preparing the hors d'oeuvres - an iBuying company has reported a year's worth . I have a lot of friends in the agent community. In September 2021, he also assumed the role of Chairman of the board. My mother had other plans, he said, laughing. 15 stories covering tech, special reports, video and opinion. What are you most excited about for your business going forward? Web Design by Terry Beasecker JustPromote Marketing Co. Brian Bair for State Representative - 243 N Main St, Kent City, MI 49330 - votebair@gmail.com. Top headlines from around the real estate industry. I want people to succeed so we can all live a happier life! During an eight-year span, Bair personally sold more existing homes than any agent across the country. I believe people are good, people are caring, people are kind. . The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous year. , All Rights Reserved. Matt Frankel interviews Offerpad CEO Brian Bair in the special segment from Motley Fool's Backstage program0:00 Intro to Offerpad1:02 What are some of the other services you offer to customers?2:23 What makes Offerpad different from its competitors4:25: Why is iBuying doing well in such a hot market?7:15 Is a build up of homes on your balance sheet a benefit to your business or a risk factor?08:18 Why did Offerpad choose the SPAC route instead of a traditional IPO? Fundamental company data provided by Morningstar, updated daily. 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. The company brought in $821.7 million in revenue, up 52 percent from $540.3 million in third-quarter 2021 and considerably higher than expected. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to give users a holistic, customer-centric experience, enabling them to efficiently sell and buy their homes online with streamlined access to other services including mortgage, listing, and buyer representation services. 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. October 16 is National Boss Day, an observance dedicated to recognizing great leaders around the country. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year He is so passionate about what he does, it creates that culture throughout the whole office. Jennifer Hunnicutt, operations director. Maximize your shed space with these easy hacks! See ournew survey results to time it just right. 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 now operates in more than 700 cities across the country. We are grateful for all our team members hard work getting us to where we are today. We want to buy their home and give them an unbelievable experience. That gives us a competitive advantage as to what the consumer wants. a net If thats you,please read this post then drop mea line(drew @ geekestatelabs dot com). Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based iBuying startup, in 2015. Other key executives at Offerpad Solutions Inc include How would you compare Las Vegas, Phoenix, and Atlanta, for example? 5.63%. Happy National Boss Day from your friends at Offerpad! In a word, Brian is a visionary. by Inman, and the Wall Street Journal named him the second highest-performing real estate agent in 2014 and 2017. 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. We see people from the really busy professional to the large families, to the first-time homeowners, to people that have sold 10 homes to investors. We are confident that by making responsible, yet difficult, decisions and working collectively to execute our strategy, we will navigate through this current market environment and be ready to capitalize on new opportunities when the market stabilizes. Website builder Luxury Presence lays off 44 employees, Kelman: 'I probably should have closed the iBuying business earlier'. GuruFocus.com is not operated by a broker or a dealer. Thank you for accessing our content on the Topio Networks Market Intelligence Center. In 2017, Brian was awarded the Most Innovative Real Estate Agent of the Year. What do things look like at OfferPad now that youre the sole CEO? Hes spent the last decade helping solve his clients problems, by providing homeowners with a concierge approach to real estate. purchase This allows them to sit behind the drivers seat during the process and guide a timeline that works best for their schedule. You might contact Brian Bair via mailing address: C/o Offerpad Solutions Inc., 2150 E German Road, Suite 1, Chandler Az 85286. By submitting your email address, you agree to receive marketing emails from Inman. How Much are Closing Costs for Home Sellers. When someone uploads their house, we truly want to buy their home. Terms and conditions apply. The misconcep 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 , . 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. Chief Financial Officer Michael S. Burnett 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Whats next for you? Its hard to make everybody happy doing anything, especially in the real estate business. Were on a very fast rocket right now, as weve grown so quickly, as we look at opening new markets, as we scale. Mission Title Offerpad's Brian Bair on life with one CEO . Only 3 days left to register for Inman Connect Las Vegas before prices go up! Were definitely getting ready to hit the turbo boost button.. When I got out of high school, I assumed I could go work with her and be an immediate big deal. Ive always been very pro-real estate agents but some agents, they dont like anything that disrupts their model, and I get it but there are different models. Today, under his leadership, it is thriving. 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. 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. How Much are Closing Costs for Home Sellers. no insider transaction in Offerpad Solutions Inc (OPAD). As CEO and founder of Offerpad, Brian is responsible for leading the company's real estate, technology, business operations, financing transactions and corporate strategy. Offerpad - Governance - Board of Directors Board of Directors 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. Curated news and commentary. To access all the content for free, please sign up by entering your email. 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. You will be charged . What problem does your product/service solve? We are passionate about real estate and being the solution that people turn to, allowing them to move freely. Overall, I value and love people. Offerpad allows home sellers to sell their home easily and efficiently without putting it on the market. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. This interview has been edited and condensed. All markets are very different, but theyre all very similar. 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. The SPAC boom strikes again. Republican for 74th District State Rep. votebair@gmail.com. Facebook Linkedin Instagram Email. Our expansion is going to happen very rapidly, Bair said. Ive sat in thousands of living rooms, Ive sold thousands of homes, Ive been in really every end of the transaction. What has been your biggest surprise so far in runningOfferpad? For more details on our payment terms and how to cancel, click here. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more. We are so excited about the opportunity to continue expanding our offerings and grow into other markets. There seems to be a problem with your Inman Select Membership. Hes the co-founder and co-CEO of Offerpad, as well as has a background as a licensed real estate agent. 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. Brian Bair, Offerpad founder and chief executive officer, is one of the most successful residential real estate agents in the United States. and Were not trying to sell their information. Meet the Real Estate Tech Founder: Brian Bair from Offerpad. There are no typical customers. Don't miss the premier event for real estate pros. 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