Offerpad Solutions (OPAD) Announces Strategic Partnership with Auction.com

Offerpad Solutions Inc. (NYSE:OPAD) is one of the hot penny stocks to invest in nowOn May 6, Offerpad Solutions Inc. (NYSE:OPAD) announced a strategic partnership with Auction.com, a leading online marketplace, to transform the process of buying and selling homes.

Aerial view of a city neighborhood with lush green and a line of homes in the foreground.

The two companies have joined hands to align their capabilities and strengths to deliver improved value, care, and speed to buyers and sellers.

As part of the partnership, Offerpad Solutions Inc.’s (NYSE:OPAD) Renovate division would become the preferred partner of renovation services for buyers, ranging from institutions acquiring properties to local community developers.

This complements Offerpad Solutions Inc.’s (NYSE:OPAD) renovation experience with Auction.com’s marketplace scale, allowing buyers to transform their acquired properties more easily and quickly.

In addition, Auction.com’s SmartSale platform would also expand Offerpad Solutions Inc.’s (NYSE:OPAD) ability to offer competitive offers through increased buyer reach.

Offerpad Solutions Inc. (NYSE:OPAD) operates a real estate platform that enables customers to easily buy and sell properties using a mobile device.

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Disclosure: None. This article is originally published at Insider Monkey.