Offerpad, Auction.com announce real estate transaction partnership

Real estate technology company Offerpad and distressed property marketplace Auction.com have entered into a strategic partnership with the goal to modernize how residential properties are bought, sold and renovated across the country.

As part of the agreement, Offerpad’s Renovate division will serve as a preferred provider of property renovation services for Auction.com buyers — a group that includes both institutional investors and local community developers.

The companies said the collaboration will simplify efforts to turn acquired properties into move-in ready homes while expanding the reach of both platforms.

“This partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions,” said Brian Bair, chairman and CEO of Offerpad. “Renovate was built from the ground up to deliver quality work with speed and care, and working with Auction.com allows us to bring that expertise to more homes and more partners across the country.”

“We’re excited to partner with Offerpad to bring together two of the leading real estate marketplaces,” Auction.com President Ali Haralson added. “This partnership strengthens our ability to serve sellers and buyers at scale — from local community developers to institutional investors — while helping neighborhoods thrive.”

In addition to the renovation partnership, Offerpad will utilize Auction.com’s SmartSale platform to increase exposure for properties listed on its platform, potentially boosting competitive offer activity.

SmartSale, launched in January, is designed to blend traditional property listing methods with Auction.com’s online marketplace.

Offerpad launched its Renovate division after years of handling repairs and upgrades on its own home inventory. It has since grown into a standalone business-to-business platform.

In the first quarter of 2025, the company completed more than 200 renovation projects, generating $5.3 million in revenue — its highest total to date. Nearly half of that volume came from institutional clients, with strong activity reported in Texas, Georgia, Colorado, Tennessee, and Kansas.

The companies said the collaboration reflects a broader effort to make real estate transactions more transparent, efficient and inclusive, while accelerating community revitalization by improving the condition and availability of homes.