Everyday people are struggling with very different situations in their life. 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. He is so passionate about what he does, it creates that culture throughout the whole office. Jennifer Hunnicutt, operations director. All rights reserved. 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. Offerpad also posted $2.1 billion in 2021 revenue, almost doubling its $1.1 billion revenue haul. Europe, Menlo Park, China), Where the person is located (e.g. That full-service mindset led Bair to launch Offerpad, a different approach to streamlining the homeselling process for consumers. Over the past 18 months, Offerpad Solutions Inc (OPAD)'s detailed insider trading history can be found in Insider Trading Tracker table. Stay a Night, Give a Night Offerpad is one of the most well known and funded iBuyer startups, offering buyers increased control and certainty. Gurus may be added or dropped from the GuruFocus site at any time. Offerpad allows home sellers to sell their home easily and efficiently without putting it on the market. Key Takeaways. 2004-2023 GuruFocus.com, LLC. Eventually, I moved from the local booking board to the regional booking board and then the national booking board. Under his leadership, Offerpad has instituted groundbreaking consumer-centric home buying and selling solutions, empowering more people around the country to move freely. User promo code onward25 during checkout to save 25% on your Inman Select Membership. 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. 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. What problem does your product/service solve? You need to hold yourself accountable in order to be successful.. 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. What are you most excited about for your business going forward? , Startup OfferPad Raises $30 million in equity and $230 million in debt to upend the home sales market in competition with Opendoor. 24:53 Where do you see Offerpad in 10 years? Web Design by Terry Beasecker JustPromote Marketing Co. Brian Bair for State Representative - 243 N Main St, Kent City, MI 49330 - votebair@gmail.com. Get the week's leading headlines delivered straight to your inbox. 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. , 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. They recently announced a major re-brand, as well as $150 million in new funding. Whats the mac daddy on your Turkey Day table? The growth. 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 Hes the co-founder and co-CEO of Offerpad, as well as has a background as a licensed real estate agent. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. Real estate brokerage services provided by Offerpad Brokerages. 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. The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous year. 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. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. See ournew survey results to time it just right. In September 2021, he also assumed the role of Chairman of the board. 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. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. He could jump into a lions den and I would assume he knows what hes doing. Sam Keller, transaction manager. If theres one thing you should know about Brian Bair its that he doesnt like being told something is unachievable. Many of the market's iBuyers have stopped buying houses. Sign up for Individual Select membership today. 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. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. $150 million. . You recently made some leadership changes with your co-CEO, Jerry Coleman, stepping down. 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. Chief Financial Officer Michael S. Burnett There are always things I can do better and I work hard every day to improve at them. . We are laser-focused on giving consumers a better experience when selling a home. 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). Unique features from hacker profiles to portal watch and video interviews. As CEO and founder of Offerpad, Brian is responsible for leading the company's real estate, technology, business operations, financing transactions and corporate strategy. 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. 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. Because Offerpad has scaled. Since 2015, the model Brian helped pioneer has built a loyal following and completely changed expectations in real estate. Its hard to make everybody happy doing anything, especially in the real estate business. Before Brian was working to change conventional real estate, he was learning important life lessons from his mom. 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. If you are looking for someone to invest in your Real Estate project, Brian Bair is the man you want to talk to. The biggest misconception of our model, of Offerpad. Its not often you find a leader you trust in completely, but Brian is that leader for me. The webcast can be accessed on Offerpad's Investor Relations website. Were constantly looking for great real estate tech entrepreneursto feature. $142 million. Our net income this quarter was $12.8 million and includes a $15.6 million credit to mark-to-market the . A PAID MEMBERSHIP, PRIVATE COMMUNITY. a net If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. Our company works directly with consumers to help eliminate the stress of selling and buying a home. Participants can register hereto receive a personalized dial in number and PIN. I have a lot of friends in the agent community. 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. The misconcep Farm your area with an innovative program to build community and help address our homelessness challenge. and Thanks to Brian for sharinghis story. 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. a net Customers that are looking for an immediate move, on average are selecting 22-days to close. posted a net loss of $286 million in . 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. Were definitely getting ready to hit the turbo boost button.. But each market always has its own dynamic, from seasonality to local expertise and local expectations. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. 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. You will receive additional instructions via email. of 1,050,000 shares. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Unfortunately, some of our team members have been impacted. Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. To subscribe to exclusive newsletters, visit your email preferences in the account settings. Coalesce's Select Membership is no longer active. 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. How Much are Closing Costs for Home Sellers. 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. He's spent the last decade helping solve his clients' problems, by providing homeowners with a concierge approach to real estate. Republican for 74th District State Rep. votebair@gmail.com. A mastermind for real estate tech innovators. 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. Other key executives at Offerpad Solutions Inc include . Has eXp done enough to shed costs and still grow in 2023? The technology is here, but politics may stand in the way. 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. 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. Get out the streamers and kazoos and start preparing the hors d'oeuvres - an iBuying company has reported a year's worth . It will merge with a shell company helmed by Chamath Palihapitiya, a venture capitalist and early Facebook executive. What do things look like at OfferPad now that youre the sole CEO? Zillow and Opendoor would be better off combining to tap the $1 trillion real estate iBuying market. Stay abreast of industry trends and network with other industry doers and entrepreneurs. Hes spent the last decade helping solve his clients problems, by providing homeowners with a concierge approach to real estate. All Rights Reserved. Above is the net worth, insider trading, and ownership report for Brian Bair. 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