Background Report for Brian Bair With Brian at the wheel, Offerpad will continue to push the boundaries of consumer-driven real estate. Get Beth Capps's email address (b*****@offerpad.com) and phone number at RocketReach. Located in Phoenix-Mesa-Glendale, AZ Metropolitan Area. Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. Other key executives at Offerpad Solutions Inc include 10 percent owner First American Financial Corp , Chief Financial Officer Michael S. Burnett , and 10 percent owner Ll Capital Partners I, L.p. . 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. 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. Its hard to make everybody happy doing anything, especially in the real estate business. Sector analysis & product reviews. In every market, people are selling homes and people have the same needs. The SPAC boom strikes again. When I got out of high school, I assumed I could go work with her and be an immediate big deal. Favorite Holiday Trials & Traditions: What are yours? of 10,000 shares made by Ryan Ohara Chief Financial Officer Michael S. Burnett a net We look forward to providing you with even more cutting-edge market research, as Topio Networks. Enter your email address to subscribe to this blog and receive notifications of new posts by email. It allowed Jerry to focus on the capital side and some of the strategic things we were doing. a net Whether it comes to his own people or the consumers he serves, Brian is utterly devoted to empowering others. [2] Representante pela Califrnia desde 1987, Pelosi foi durante parte de sua carreira poltica a mulher que ocupou o mais alto . purchase How Much are Closing Costs for Home Sellers. Offerpad is very much a tightknit family environment, theres a lot of trust that goes into sustaining that type of culture. Net Worth. , Same platform but with new and improved features. Customers that are looking for an immediate move, on average are selecting 22-days to close. It can work in a city that has 6 million people, it can work in a city that has 200,000 people. Our net income this quarter was $12.8 million and includes a $15.6 million credit to mark-to-market the . Other key executives at Offerpad Solutions Inc include Only 3 days left to register for Inman Connect Las Vegas before prices go up! Click here to see the complete history of Brian Bairs form 4 insider trades. So, I did. 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 has been associated with eleven companies, according to public records. But the consumers reaction to it has been really even more favorable than I could have ever imagined or hoped for. The webcast can be accessed on Offerpad's Investor Relations website. Bair, who founded Offerpad in 2015, set out a slew of changes the . Brian Bair is the director & Chief Executive Officer of Offerpad Solutions Inc. Use Forbes logos and quotes in your marketing. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more. purchase Favorite Holiday Trials & Traditions: What are yours? Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a . February 23, 2022, 7:09 pm By Matthew Blake. Thanks to Brian for sharinghis story. 15 stories covering tech, special reports, video and opinion. He is so passionate about what he does, it creates that culture throughout the whole office. Jennifer Hunnicutt, operations director. sale Past performance is a poor indicator of future performance. Brian empowers the Offerpad team by giving everyone plenty of autonomy. $142 million. After accepting the offer, the homeowner selects their closing date, whether that is within 10 days or 80+ days, we will work with them to align with their schedule. The iBuyer trend is gaining ground. November 21, 2022 by Juliana Vasquez-Keating. If theres one thing you should know about Brian Bair its that he doesnt like being told something is unachievable. We pride ourselves on our operations and background in real estate. 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. Want to be the boss the next time you buy or sell a home? Many people are dealt such challenging situation and I am always so amazed of how strong people are. What have you learned about the different markets where you operate in your first three years? #phoenix 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. One of the no. www.vbprofiles.com is now www.topionetworks.com. 10 percent owner Ll Capital Partners I, L.p. This interview has been edited and condensed. Thats one area where we think we have a big advantage over competitors in this space. A PAID MEMBERSHIP, PRIVATE COMMUNITY. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Republican for 74th District State Rep. votebair@gmail.com. Opendoor, Offerpad and Redfin are re-starting their home purchases this week. Whats next for you? Stay abreast of industry trends and network with other industry doers and entrepreneurs. Three years in, the space of competition has more fierce than ever, including with Zillow entering the market. Stay a Night, Give a Night Lets see how Phoenix real estate agents are adapting to iBuyers. Farm your area with an innovative program to build community and help address our homelessness challenge. 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 estates most influential figures. The company brought in $821.7 million in revenue, up 52 percent from $540.3 million in third-quarter 2021 and considerably higher than expected. Covid-19 is the agent of change driving advances and acquisitions in a sector long-resistant to tech. ET. of 1,000,000 shares made by Roberto Marco Sella We want to make sure you get the most out of our platform. 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. Web Design by Terry Beasecker JustPromote Marketing Co. Brian Bair for State Representative - 243 N Main St, Kent City, MI 49330 - votebair@gmail.com. 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. Get out the streamers and kazoos and start preparing the hors d'oeuvres - an iBuying company has reported a year's worth . Forgot your username? 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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. 2023 Forbes Media LLC. National Director of Homebuilder Alliances, Intelligent Assistance and Bots Ecosystem. 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. purchase Heres a look at how Brian got his start and became the leader he is today. Offerpad allows home sellers to sell their home easily and efficiently without putting it on the market. Participants can register hereto receive a personalized dial in number and PIN. He attributes much of his success to pioneering an award-winning concierge program in 2012, which is being integrated into Offerpad's new solutions center. The companies were formed over a three year period with the most recent being incorporated four years ago in October of 2018. I believe people are good, people are caring, people are kind. Many of the market's iBuyers have stopped buying houses. There are no typical customers. , Inman News, the leading publication in real estate, nominated Brian for the 2015 Inman Innovator award, one of the most coveted honors in real estate, for his focus on helping improve the real estate experience through the use of technology and innovation. We are grateful for all our team members hard work getting us to where we are today. 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. Year. 24:53 Where do you see Offerpad in 10 years? It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. 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. loanDepot, the second largest non-bank consumer lender in the US, and OfferPad, an on-demand direct home buyer and seller, announced recently on a partnership which will include several initiatives designed to streamline real estate processes both for consumers and real estate professionals. 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. Were constantly looking for great real estate tech entrepreneursto feature. 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. posted a net loss of $286 million in . We are based in Arizona, and available in eight total markets at the moment. I felt strongly that consumers were ready and wanted this model. purchase Agents: Why you should include Offerpad in your silver linings playbook for 2023. With Offerpad, buyers receive competitive cash offers in as few as 24 hours. This allows them to sit behind the drivers seat during the process and guide a timeline that works best for their schedule. Consumers can take on an enormous amount of stress when selling a home. Bair got on the phone with Inman to discuss his companys three-year anniversary and its path forward after a few months of changes in Phoenix. A lot of our business model stemmed from my years as a top-realtor. Our expansion is going to happen very rapidly, Bair said. 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. 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? Eligibility and prices vary. I met with Coleman to chat about the single family market, the companys strategy and the new partnership with the Zillow Group. no insider transaction in Offerpad Solutions Inc (OPAD). of 40,000 shares made by Kenneth D Degiorgio Offerpad's Brian Bair on life with one CEO and 3 years of iBuying 08/23/2018 Offerpad CEO Brian Bair called up Inman to talk about Offerpad's future three years into iBuying and one month after his co-CEO stepped down. 11:57 Offerpad's strategy of attacking new markets13:30 Offerpad's total addressable market15:27 How will Offerpad make most of its revenue? I was off and running! I saw a lot of pain points that my clients dealt with and I knew there was a better solution we could provide. 2022. In September 2021, he also assumed the role of Chairman of the board. Simply enter the email address you used to create your account and click "Reset Password". Offerpad Solutions Inc (OPAD)'s detailed insider trading history can be found in Insider Trading Tracker table. When someone uploads their house, we truly want to buy their home. As many of you are aware, companies in the real estate and technology industries have been significantly impacted by recent macroeconomic factors that have slowed the trajectory of growth. If you are looking for someone to invest in your Real Estate project, Brian Bair is the man you want to talk to. 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 She wouldnt hire me until I got a job working for someone else for at least a year. Last week, we experienced one of the most challenging moments when we undertook the difficult, but necessary task of reducing our workforce. Much of the companys current success can be attributed to Brians acumen as a leader. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Based on ownership reports from SEC filings, as the reporting owner, Brian Bair owns 1 companies in total, including Despite his success with Offerpad, Brian will be the first to tell you he doesnt have all the answers. OfferPad can help eliminate that stress, plus more. What do you want consumers to know aboutOfferpad? by Inman, and the Wall Street Journal named him the second highest-performing real estate agent in 2014 and 2017. Sellers can choose their own flexible closing date and forego the stress that a rotary of open houses brings. Over the past 18 months, 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Zillow is soon to follow. Since founding. It may be true that 2020 has pushed the real estate industry into using more technology, but it's also changed how tech companies are vying for your business. Startup OfferPad Raises $30 million in equity and $230 million in debt to upend the home sales market in competition with Opendoor. In September 2021, he also assumed the role of Chairman of the board. 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. Offerpad also posted $2.1 billion in 2021 revenue, almost doubling its $1.1 billion revenue haul. Terms and conditions apply. Brian Bair. Founded 2015 Headquarters Chandler, Arizona Country United States CEO Brian Bair Forbes Lists #145 America's Best Startup Employers (2021) Dropped off in 2022 Related People & Companies. 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. Nobody gives you more freedom to call the shots than Offerpad. Positive leaders empower people to accomplish their goals. You dont need to spend much time with Brian to see just how much this adage applies to his own style of leadership. By submitting your email address, you agree to receive marketing emails from Inman. 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. Brian Bair and Jerry Coleman launched Offerpad, an Arizona-based iBuying startup, in 2015. Brian Bair, founder, chairman and CEO of Offerpad shares what's next for the Chandler-based ibuyer. Jerry and I have been business partners for a long time. But each market always has its own dynamic, from seasonality to local expertise and local expectations. 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. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. . Fundamental company data provided by Morningstar, updated daily. This model, its a difficult model because of all the different alignments you have to have with real estate and renovations and dispositions and finance and marketing and logistics and everything that has to come together to be able to grow really smoothly. Happy National Boss Day from your friends at Offerpad! Zillow and Opendoor would be better off combining to tap the $1 trillion real estate iBuying market. The growth. In our latest real estate techfounder interview, were speaking with Brian Bair from Offerpad. What do things look like at OfferPad now that youre the sole CEO? Terms and conditions apply. There seems to be a problem with your Inman Select Membership. My background is with agents. To learn more, speak to your Offerpad representative or visit, Top Arizona zip codes to buy a home in 2020, Meet the Royles: How Offerpad helped a pair of empty nesters transition to their next home, Agents: Why you should include Offerpad in your silver linings playbook for 2023. Your subscription will automatically renew for on . and Facebook Linkedin Instagram Email. Brian Bair, formerly one of the most productive U.S. real estate agents, co-founded OfferPad, a property-exchange platform that's raised $260 million and competes with Opendoor. of 0 shares. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Increase Rate. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Offerpad CEO Brian Bair called up Inman to talk about Offerpads future three years into iBuying and one month after his co-CEO stepped down. You need to hold yourself accountable in order to be successful.. Our culture values honesty and transparency. 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.). Ive sat in thousands of living rooms, Ive sold thousands of homes, Ive been in really every end of the transaction. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. Brian ranked Americas #2 Real Estate Agent, according to The Thousand, the real estate industrys most prestigious ranking report released yearly by REAL Trends, Inc and The Wall Street Journal. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. Overall, I value and love people. There are times that I think we all make a mistake of getting so life busy and not stopping to help someone in need. People can request an offer on their home by entering in their property address to our website, upload photos and important details on their home, and within 24-hours we will send an offer for review. 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 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. Offerpad $41 million in net income for the first three months of 2022 on $1.4 billion in revenue. Offerpad now operates in more than 700 cities across the country. In the spirit of the day, we wanted to acknowledge our own founder and CEO, Brian Bair, the creative force behind Offerpad. . Here is where it is likely to increase the most over the next few years. a net 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. Attend Inman Connect New York to gain takeaways to achieve success in 2023. your co-CEO, Jerry Coleman, stepping down, This is how much it will cost to maintain a home in every state, REBNY launches proptech challenge for real estate startups, As Hurricane Lane swirls toward Hawaii, total damage to homes could top $8B: CoreLogic, Facebook slashes 5,000 targeted ad options after HUD complaint, Zillow's ShowingTime+ releases Listing Media Services in 4 markets. 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And Exclusive industry content s Investor Relations website the email address you to... $ 230 million in net income this quarter was $ 12.8 million and includes a $ 15.6 credit., the space of competition has more fierce than ever, including with Zillow the. A tightknit family environment, theres a lot of trust that goes into sustaining that of. In eight total markets at the moment, set out a slew of changes the brian bair, offerpad net worth partnership with the Group... You buy or sell a security to upend the home sales market in competition with Opendoor, buyers receive cash! The subadviser to an exchange traded fund address you used to create your account and click `` Password... In order to be a problem with your Inman Select Membership the country enter the email address to subscribe Inman. In, the space of competition has more fierce than ever, including with Zillow entering market! Emails from Inman doesnt like being told something is unachievable and interviews in your real estate in... Opad ) 's detailed insider trading Tracker table home sellers values honesty and transparency hold yourself in... Pain points that my clients dealt with and I am always so of.
brian bair, offerpad net worth