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Maskot, Getty Images
Maskot, Getty Images

Offerpad, an iBuyer, Continues its Fla. Expansion

The instant-offer company announced another expansion into the Port St. Lucie area. Offerpad also has agreements with builders for buyers seeking new construction.

ORLANDO, Fla. – Offerpad said it’s entering the Port St. Lucie market and is the first iBuyer to do so.

iBuyers offer to buy a home with an instant cash offer, allowing residents to move without doing the usual pre-sale tasks, such as boosting curb appeal. However, the price an iBuyer will pay is generally less than the homeowners could get selling the traditional route – by hiring a Realtor to market the home for him. However, Offerpad also introduced a traditional sale model for “sellers who want to explore the opportunity to maximize their home’s value.”

Offerpad entered the Florida market in 2015, with a focus on Orlando and Tampa. Offerpad says it considers both markets top performers.

“We’ve had a significant amount of seller interest to widen our Orlando coverage area for quite some time,” says Vaughn Stewart, Offerpad’s Orlando market director. “Port St. Lucie is known for quality homes that are typically located in quiet neighborhoods and surrounded by beautiful scenery – we are confident that our stress-free way to sell a home will be welcomed by homeowners.”

Offerpad’s metro area for Port St. Lucie includes Citrus Ridge, Fort Pierce, Sebastian, Stuart and Vero Beach. It already serves the metro areas surrounding Orlando, Tampa and Jacksonville.

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