Taylor Morrison and Offerpad expand relationship nationwide
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New home buyers can stay in their current home for up to six months after closing with a cash sale to Offerpad
CHANDLER, Ariz .– (BUSINESS WIRE) – Taylor Morrison Home Corporation (NYSE: TMHC), the nation’s fifth-largest home builder and developer, and Offerpad (NYSE: OPAD), a leading technology platform for buying and selling residential real estate, have created a national client-focused relationship to help Taylor Morrison’s new buyers in 14 of its current markets.
This press release features multimedia. Read the full release here: https://www.businesswire.com/news/home/20220105005364/en/
Taylor Morrison Home Corporation (NYSE: TMHC), the nation’s fifth-largest home builder and developer, and Offerpad (NYSE: OPAD), a leading technology platform for buying and selling residential real estate, have created a relationship client-focused nationwide approach to assist Taylor Morrison’s new buyers in 14 of its current markets. (Graphic: Business Wire)
The companies’ new relationship ranges from a successful initial Phoenix market launch in 40 Taylor Morrison communities to a nationwide presence. Since launch, over 70 clients have benefited from selling their homes through Offerpad and over 1,180 other clients have explored the benefits by visiting the Taylor Morrison and Offerpad online portal.
“Our strategic relationship with Offerpad creates a smoother real estate experience when selling your current home and purchasing a Taylor Morrison home,” said Amy Rino, director of clientele for Taylor Morrison. “Like Offerpad, Taylor Morrison recognizes the positive momentum in leveraging digital solutions when making real estate decisions, and I am delighted with the flexibility and benefits this expanded relationship will provide to our clients.”
The business relationship between Offerpad and Taylor Morrison allows homeowners moving into their new home an easy and convenient sale of their existing home with additional benefits, including:
A competitive cash offer on the existing Offerpad home within approximately one hour during business hours
The ability to schedule the closing date of the existing home for up to nine months to align with the closing of their new Taylor Morrison home
An extended stay of up to six months in the existing accommodation after closure
Free local move (some restrictions apply)
Avoid the cost of owning two homes
Charles Bumpous, a recent home seller at Offerpad and a Taylor Morrison home buyer in the Phoenix area, said, “We decided to use Offerpad for convenience and ease and it was the best decision we made. have taken. We were in the process of building a new house and wanted to move out once, without having to show our current house. We would totally do that again! ”
Offerpad National Vice President of Sales Kyle Rush said, “This relationship is designed to remove the barriers many homeowners face when selling their existing home while trying to get into their new home. When the seller can be sure of receiving money for their home before they move out, they can make decisions that might not have been available otherwise. ”
Offerpad is available in nearly 1,500 cities and towns in 21 markets and plans to enter more in 2022 starting with Sacramento, Riverside and San Bernardino, Calif. As Offerpad grows, the relationship between Taylor Morrison and Offerpad is expected to expand to all of the inbound markets where the two companies operate.
OfferPad’s mission is to provide you with the best way to buy and sell a home. Period. We use technology solutions to redo the home buying and selling experience by providing customers with the convenience, control and certainty needed to solve their housing needs. We combine our core real estate expertise with our data-driven ‘Solution Center’ digital platform to provide users with a holistic, customer-centric experience, enabling them to effectively sell and buy their homes online with access streamlined to other services, including mortgage, registration, and buyer representation services. Visit Offerpad.com for more information.
About Taylor Morrison
Based in Scottsdale, Arizona, Taylor Morrison is the fifth-largest home builder and developer in the country. We serve a broad spectrum of consumers from coast to coast, including first-time home buyers, new movers, luxury buyers and over 55 active lifestyle buyers under our family of brands including Taylor Morrison, Esplanade, Darling Homes Collection by Taylor Morrison and Christopher Todd Communities built by Taylor Morrison. From 2016 to 2021, Taylor Morrison was recognized as America’s Most Trusted Builder® by Lifestory Research. Our strong commitment to sustainability, our communities and our team is highlighted in our latest Environmental, Social and Governance (ESG) Annual Report.
For more information on Taylor Morrison, please visit www.taylormorrison.com.
Certain statements contained in this press release may be considered as forward-looking statements. Forward-looking statements generally relate to future events or the future financial or operational performance of Offerpad. For example, statements regarding Offerpad’s market expansion plans are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “pro forma”, “may”, “should”, “could”, “could”, “plan”, “possible”, “project”, ” “Budget”, “plan”, “expect”, “intend to”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “continue to continue) these terms or their variants or similar terminology. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based on estimates and assumptions which, while believed to be reasonable by Offerpad and its management, are inherently uncertain. Nothing in this press release should be taken as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the intended results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Offerpad assumes no obligation to update these forward-looking statements.