National Moving Month: Offerpad’s Free Local Move Program

Rhea-AI Summary

Offerpad Solutions (NYSE: OPAD) is highlighting its Free Local Move program during National Moving Month. This program offers free moving services within a 50-mile radius to those who sell their homes to Offerpad, and it has seen significant usage in markets like Atlanta, Houston, Dallas-Fort Worth, Phoenix, and St. Louis. Since its inception, the program has moved approximately 17 million pounds of goods, covered 250,000 miles, and used 18,000 trucks. The initiative aims to simplify the real estate process and save customers thousands of dollars.

Positive

• Offerpad's Free Local Move program can save customers thousands of dollars.
• The program has facilitated moving 17 million pounds of goods.
• It has covered 250,000 miles in customer moves.
• The program uses highly-certified and pre-vetted moving company partners.
• Offerpad's initiative aligns with its mission to make real estate transactions seamless and stress-free.

Negative

• Terms and conditions apply, limiting the program to moves within 50 miles, homes up to 2,800 sq. ft., and a maximum of 13,000 pounds.
• Additional costs may incur for larger homes or possessions exceeding the weight limit.

Offerpad debuts top 5 list of markets where sellers use the free moving services

CHANDLER, Ariz.--(BUSINESS WIRE)-- Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, is reaffirming its commitment to making real estate simple and stress-free during National Moving Month by showcasing data that shows the popularity of the company’s Free Local Move program for home sellers on its platform and trend data around where people are making local moves.

Offerpad customers on the move (Graphic: Business Wire)

Offerpad has provided a free local move since the company’s inception as part of its ongoing commitment to making home buying and selling a stress-free experience that puts people in control. The program offers customers who sell their home to Offerpad complimentary moving services within a 50-mile radius, potentially saving them thousands of dollars.

Top 5 Markets the Free Local Move is Most Used

1. Atlanta, GA
2. Houston, TX
3. Dallas-Fort Worth, TX
4. Phoenix, AZ
5. St. Louis, MO

Offerpad’s Free Local Move is available to Offerpad customers in all markets they operate in across the U.S., using their highly-certified and pre-vetted moving company partners.*

Making Real Estate Easier

Grounded by their 24-hour cash offer, the Free Local Move is another part of Offerpad’s mission to remove friction from the real estate transaction. From the beginning of the real estate process to the very end, Offerpad makes the process of buying, selling, and moving as seamless as possible. One customer from North Richland Hills, Texas shared their experience.

“The team was here and ready to start prior to the appointed time. The Team was friendly and worked fast. [The team] understood the sensitivity of moving after being in one place for a long time.” – Linda

The Free Local Move program is beloved by Offerpad customers as an added benefit that helps them feel in control of their move, and it is used so often that Offerpad took the Free Local Move program statistics† and created some eye-popping comparisons:

• 17 million pounds moved in 2023: That's the equivalent of moving approximately 1,268 African elephants (the largest land mammal)!
• 250,000 miles moved: The circumference of the Earth at the equator is approximately 24,901 miles. So, 250,000 miles would be roughly equivalent to circling the Earth about 10 times!
• 18,000 trucks loaded: If the trucks were stacked end-to-end, they would exceed the boundary of the Earth’s atmosphere and reach into space!

To learn more about the benefits of selling to Offerpad visit https://www.offerpad.com/sell.

*Terms and conditions apply. Free Local Move applies for up to 50 miles, 2,800 sq. ft. home and max of 13,000 pounds. Larger homes or possessions that exceed the weight limit may result in additional costs.

† The stated figures are based on internal company data from 2018 through 2024 YTD. The "17M pounds moved" represents the total estimated weight of goods transported by contracted moving companies for customers. "250,000 total miles moved" is the approximate sum of the distances covered by contracted moving trucks during customer moves. "18,000 trucks" refers to the estimated number of individual trucks with an average measured length of 30’ used to complete all customer moves. Individual customer experiences may vary.

About Offerpad Solutions Inc.

Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that removes the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at www.offerpad.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514222030/en/

Media Contacts:

Cortney Read, Chief of Staff

press@offerpad.com



Angelica Galan

Ted Miller Group for Offerpad

angie_galan@tedmillergroup.com

Source: Offerpad

FAQ

What is Offerpad's Free Local Move program?

Offerpad's Free Local Move program offers complimentary moving services within a 50-mile radius for customers who sell their homes to Offerpad.

Which markets use Offerpad's Free Local Move program the most?

The top markets are Atlanta, Houston, Dallas-Fort Worth, Phoenix, and St. Louis.

How much weight has Offerpad moved under the Free Local Move program?

Offerpad has moved approximately 17 million pounds of goods.

What are the limitations of Offerpad's Free Local Move program?

The program covers moves within a 50-mile radius, homes up to 2,800 sq. ft., and a maximum weight of 13,000 pounds.

How many miles have been covered by Offerpad's Free Local Move program?

The program has covered approximately 250,000 miles.