O
fferpad, a real estate technology company, and Auction.com, a distressed property marketplace, have formed a strategic partnership to modernize the residential property buying, selling, and renovation process nationwide.

    As part of this agreement, Offerpad's Renovate division will provide preferred property renovation services for Auction.com buyers, including institutional investors and local community developers. This collaboration aims to simplify the process of turning acquired properties into move-in ready homes while expanding both platforms' reach.

    "This partnership combines two companies dedicated to improving communities through innovative real estate solutions," said Offerpad Chairman and CEO Brian Bair. "Our Renovate division delivers quality work with speed and care, and partnering with Auction.com allows us to bring that expertise to more homes and partners across the country."

    Auction.com President Ali Haralson added, "We're excited to partner with Offerpad to bring together two leading real estate marketplaces. This partnership strengthens our ability to serve sellers and buyers at scale 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.

    Offerpad's Renovate division has grown into a standalone business-to-business platform after years of handling repairs and upgrades on its own home inventory. In Q1 2025, the company completed over 200 renovation projects, generating $5.3 million in revenue, with nearly half coming from institutional clients.

    The partnership 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.