Offerpad Review: What It Pays in 2026
Offerpad is the second largest iBuyer in the United States, and about 2,400 people a month search for Offerpad reviews trying to figure out whether its offers are fair. We are a cash home buying company, not a referral site, so here is the direct version built from published data and regulatory filings.
Full disclosure: This site is owned and operated by EZ Time Home Buyers, a cash home buying company serving Michigan. We compete with some of the companies reviewed here. Everything below is built from public data such as review records, BBB profiles, regulatory actions, and published studies, and we link to sources so you can check our work.
How Offerpad Works
The model tracks Opendoor closely. You request an offer online, Offerpad responds with a preliminary number, an inspection follows, and the final offer arrives with a service fee in the 5 percent range, closing costs, and deductions for any repairs Offerpad believes the home needs. You choose your closing date, and Offerpad layers on perks the competition does not, including a free local move and extended stay options that let you remain in the house briefly after closing.
What Offerpad Actually Pays
The same February 2026 Clever Real Estate study that measured Opendoor also examined 123 Offerpad transactions from May 2023 through June 2025. Offerpad offers averaged 13.89 percent below the home’s eventual resale price, about 5 percentage points weaker than Opendoor’s 8.79 percent. On a $350,000 home that difference is roughly $17,000. Averages hide individual results, and Offerpad does win on some houses, which is exactly why the only sane move is to request both offers when both cover your market.
The Repair Deduction Problem
The loudest complaint in Offerpad reviews is the size of post inspection deductions. In one widely reported Kansas City comparison, Offerpad’s inspection produced a $40,000 reduction on a home where Opendoor deducted $7,000. Offerpad deducts the full cost of whatever repairs and improvements it decides the house needs, and sellers routinely describe those numbers as aggressive. Treat the preliminary offer as a conversation starter, not a price.
Company Stability
Offerpad is a public company, and its SEC filings through 2026 show a business that has been shrinking purchase volume and raising capital to manage losses. That does not affect a closed sale, but it is context worth having if you are choosing between buyers for a deal that will not close for sixty days.
Where Offerpad Makes Sense
A home in solid condition in a covered metro, a seller who wants iBuyer convenience plus moving help, and a willingness to negotiate the final number after inspection. The free local move has real value, commonly cited around $2,500 to $3,500 for a typical household.
Verdict
Offerpad is legitimate and the perks are genuinely useful, but the published data says its average offer runs meaningfully below Opendoor’s, and the inspection deductions draw the most fire in reviews. Get the Opendoor number too, read our Opendoor vs Offerpad comparison, and if your house would not survive an iBuyer inspection, compare local options on our Michigan cash buyer rankings.