As CEO and founder of Offerpad, Brian is responsible for leading the company's real estate, technology, business operations, financing transactions and corporate strategy. Background Report for Brian Bair User promo code onward25 during checkout to save 25% on your Inman Select Membership. If youd like to connect, findhim on LinkedIn here. Much of the companys current success can be attributed to Brians acumen as a leader. 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. 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. You will be charged . 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. Our customers dont need to worry about showing their home and finding movers we can on that responsibility and the others mentioned above. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Brian Bair, Offerpad founder and chief executive officer, is one of the most successful residential real estate agents in the United States. 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. of 1,050,000 shares. Weve had some amazing accomplishments and pretty big obstacles over the years. 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. If theres one thing you should know about Brian Bair its that he doesnt like being told something is unachievable. Our expansion is going to happen very rapidly, Bair said. 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. How would you compare Las Vegas, Phoenix, and Atlanta, for example? 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. Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. My mother had other plans, he said, laughing. That full-service mindset led Bair to launch Offerpad, a different approach to streamlining the homeselling process for consumers. Maximize your shed space with these easy hacks! Get out the streamers and kazoos and start preparing the hors d'oeuvres - an iBuying company has reported a year's worth . 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. a net Located in Phoenix-Mesa-Glendale, AZ Metropolitan Area. Were definitely getting ready to hit the turbo boost button.. Heres a look at how Brian got his start and became the leader he is today. ET. The technology is here, but politics may stand in the way. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. Thank you for accessing our content on the Topio Networks Market Intelligence Center. With Brian at the wheel, Offerpad will continue to push the boundaries of consumer-driven real estate. Sellers can choose their own flexible closing date and forego the stress that a rotary of open houses brings. Increase Rate. 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 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. 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? The biggest misconception of our model, of Offerpad. We want to buy their home and give them an unbelievable experience. Simply enter the email address you used to create your account and click "Reset Password". We are looking at some areas where theres nobody in those markets yet. . Since founding. Prior to founding Offerpad, Brian Bair was a top real estate agent. Past performance is a poor indicator of future performance. Fundamental company data provided by Morningstar, updated daily. "Since [the second quarter], the economy, consumer. Zillow is soon to follow. 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. 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. 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 This interview has been edited and condensed. The Thousand ranks the top one half of one percent of over 963,000 real estate agents nationwide. Thank you for subscribing to Morning Headlines. 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. Im a lifelong learner, he says. Our competitive advantage by far would be our real estate operational experience. $142 million. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. Most agents, when they understand what were trying to do, are friendly to the concept. 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. During an eight-year span, Bair personally sold more existing homes than any agent across the country. Over the past 18 months, 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. Stock quotes provided by InterActive Data. If you are looking for someone to invest in your Real Estate project, Brian Bair is the man you want to talk to. Now, Offerpad operates in a handful of markets: Atlanta, Charlotte, Las Vegas, Orlando, Phoenix and Tampa. The opportunities for the real estate industry to change are enormous. 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. What do things look like at OfferPad now that youre the sole CEO? $150 million. When I got out of high school, I assumed I could go work with her and be an immediate big deal. 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. I have a lot of friends in the agent community. See ournew survey results to time it just right. 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. The webcast can be accessed on Offerpad's Investor Relations website. Eligibility and prices vary. 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. . When someone uploads their house, we truly want to buy their home. 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. OfferPad can help eliminate that stress, plus more. 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. 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. Last week, we experienced one of the most challenging moments when we undertook the difficult, but necessary task of reducing our workforce. Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. 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. People are free to do what they do best when youre not breathing down their necks, says Brian. We knew the co-CEO thing was something that couldnt last forever, especially in this kind of fast-growing environment. Like many others, we must adjust the size of our operations to align with the current state of the market. Were constantly looking for great real estate tech entrepreneursto feature. Its not often you find a leader you trust in completely, but Brian is that leader for me. Customers that are looking for an immediate move, on average are selecting 22-days to close. of 40,000 shares made by Kenneth D Degiorgio Subscribe to Inman Select for Breaking News and Exclusive Industry Content. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. 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.). He could jump into a lions den and I would assume he knows what hes doing. Sam Keller, transaction manager. March 26, 2022 Uncategorized. 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. 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. Instructions have been sent to Offerpad operates in a handful of markets: Atlanta, for example the top half. 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