My wife wanted to be closer to her job; neither of us liked our neighborhood and we didn't want to go through the rigmarole of selling; so we chose Offerpad. Initially, they offered us $125K (our pay-off was $100K) but there were $16,500K in deductions. In the end, we were left with enough to pay-off our mortgage, the credit card we used to do minor repairs before the inspector came and about $6K for our pockets. If you want to get out of your home and start a new life somewhere else, Offerpad is the way to go but if you want to maximize your home's value and leave with a lot more pocket change, be patient and sell it the traditional way.
Conclusion: what we liked most was that they paid off our mortgage and monies owed to us literally within an hour after closing; what we liked least was the 7% fee (most realtors charge 3%). One last thing, I got hit with a $500 "clean-up" fee after closing because I left "trash" in the backyard. My advice to you, when your home inspector and marketing consultant comes through, ask the consultant to do a "yard inspection" so they can identify anything that may leave you with less money. I hated being nickeled and dimed.
5 years ago
Offerpad.com has a
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