Offerpad Competitors: 7 Alternatives Compared (2026)

Offerpad’s closest competitor is Opendoor, the only other national iBuyer still buying homes at scale. The other alternatives fall into three groups: buy-before-you-sell programs (Orchard, Homeward and Knock), cash buyers such as HomeVestors, and cash offer marketplaces like iBuyer.com, where several buyers bid on the same home. A traditional listing remains the option most likely to bring the highest price.

Offerpad has also changed. It is far smaller than Opendoor, and in the third quarter of 2026 about a third of its closed sales went through listings or third-party cash buyers rather than its own cash offer. Whichever way you lean, get at least one second offer before you sign.

Offerpad Competitors at a Glance

The table compares Offerpad with seven alternatives on how each one works, what the seller pays, where it operates and who it suits. If you are new to the model, start with how iBuyers work.

Company	Type	How it works	Seller cost	Coverage	Best for
Offerpad	iBuyer	Buys your home for cash; also lists homes and passes some to other cash buyers	5% service fee plus about 1% closing costs	16 metro areas in 9 states	Sellers in its markets who want a free local move
Opendoor	iBuyer	Buys your home for cash; Cash Now, More Later adds a possible second payment after resale	Service charge varies by home and market, shown in the offer	Markets nationwide	Speed and the widest iBuyer coverage
Orchard	Brokerage with buy-before-you-sell	Move First advances your equity so you can buy before your home sells	Agent commission plus Move First costs; ask for the full cost	Select markets	Buying and selling at the same time with an agent
Homeward	Buy-before-you-sell and cash offer	Short-term financing plus a guaranteed backup offer on your current home	Program fee; ask for the full cost	Expanding nationally	Moving up or down without a contingent offer
Knock	Bridge loan	Lends against your current home’s equity so you can buy first	2.25% of your home’s estimated list price, plus loan costs	About half of U.S. states	Buyers who can carry a new mortgage but need their equity for the down payment
HomeVestors	Cash buyer franchise	Local franchise owners buy homes as-is	No service fee; offers priced for repairs and resale	Franchises in more than 170 markets	Houses that need major work
iBuyer.com	Cash offer marketplace	Puts your home in front of several vetted cash buyers so you can compare offers	Free to request offers	Nationwide	Seeing more than one cash number before you decide
Listing with an agent	Traditional sale	Your home goes on the open market	Commission you negotiate, plus closing and prep costs	Everywhere	The highest price when time allows

Best Offerpad Alternative by Situation

• You want a cash sale and a set closing date: Opendoor, or several cash buyers at once through iBuyer.com.
• You need to buy your next home first: Orchard, Homeward or Knock.
• The house needs major repairs: HomeVestors or another local cash buyer.
• You want the most money and have a few months: list with an agent, and keep a cash offer as a fallback.

What Changed at Offerpad in 2026

Yes, Offerpad is still in business, but it is a smaller company than it was. Its third-quarter 2026 results show $78.1 million in revenue, down about 41% from a year earlier, 324 closed transactions and a net loss of $11.5 million. Opendoor reported $1.02 billion in revenue for the same quarter.

The bigger change for sellers is how Offerpad handles your home. About 35% of its closed sales in that quarter went through its Brokerage Services and its Cash Offer Marketplace, where homes that don’t meet Offerpad’s own buying criteria are offered to third-party cash buyers. Offerpad also says it became more selective about which homes it buys itself.

What stayed the same: Offerpad charges a 5% service fee on its cash offer plus about 1% in closing costs, includes a free local move within 50 miles, and lets you stay up to 3 days after closing. According to Offerpad’s company facts, it serves 16 metro areas in 9 states, covering more than 1,700 cities and towns.

Opendoor: The Closest iBuyer Alternative

Opendoor is the alternative that works most like Offerpad: you enter your address, get a cash offer, pick a closing date, and skip showings. It is also much larger. Opendoor bought 4,865 homes in the third quarter of 2026, up from 1,169 a year earlier, and says it operates in markets nationwide, per its Q3 2026 results.

How Opendoor’s Offer Works Now

Opendoor no longer publishes a fixed service fee. Opendoor says its service charge varies by home and market and is shown in your offer before you accept. It also offers Cash Now, More Later: you take cash at closing, and you may get a second payment after Opendoor resells the home. The second payment is not guaranteed.

Opendoor vs Offerpad in One Table

	Opendoor	Offerpad
Revenue, Q3 2026	$1.02 billion	$78.1 million
Coverage	Markets nationwide	16 metro areas in 9 states
Service fee	Varies, shown in the offer	5%
Extra options	Cash Now, More Later	Free local move, up to 3 days after closing, listing service

If both buy in your area, request both offers and compare what you keep after fees and repair credits, not the headline number. The full head-to-head is in Offerpad vs Opendoor, and the wider Opendoor field is covered in Opendoor competitors.

Buy-Before-You-Sell Alternatives: Orchard, Homeward and Knock

These companies solve a different problem from Offerpad’s: how to buy your next home before the current one sells, so you can make an offer without a home-sale contingency. Your current home is usually still sold on the open market, which tends to bring more than an instant cash offer. Each program adds its own fee on top of normal selling costs.

Orchard

Orchard is a real estate brokerage. Its Move First program advances part of your equity so you can buy your next home first, then your Orchard agent lists and sells the old one. Orchard agents can also bring you cash offers or a traditional listing. Orchard reported 40% revenue growth in 2025 and raised $30 million in early 2026. It works in select markets, and fees depend on the program, so ask for the total cost in writing.

Homeward

Homeward’s Buy Before You Sell pairs short-term financing with a guaranteed backup offer on your current home, so you know the old house will sell even if the market slows. It also makes direct cash offers. Homeward raised new funding in October 2026 and is expanding Buy Before You Sell across the country, so check whether it serves your area.

Knock

Knock is a lender. Its bridge loan lets you use your current home’s equity for the next purchase, then you repay it when the old home sells, with a guaranteed backup offer if it doesn’t. Knock’s program terms set a contract fee of 2.25% of your home’s estimated list price; the Bridge Loan Plus version adds a 1% origination fee on the loan. On a home listed at $400,000, the contract fee is $9,000. Knock is available in about half of U.S. states.

Cash Buyers, Offer Marketplaces and Listing

HomeVestors (We Buy Ugly Houses)

HomeVestors has franchised local home buyers since 1996 under the We Buy Ugly Houses name, with franchises in more than 170 markets as of 2021. Franchise owners buy homes as-is and charge no service fee, but they price in renovation and resale. Investor offers typically land at 50-70% of the home’s after-repair value, which is why this route fits houses that need major work rather than move-in-ready homes.

iBuyer.com: Compare Several Cash Offers at Once

iBuyer.com is a cash offer marketplace, not a single buyer. You enter your address once, and vetted cash buyers and iBuyers can make offers on the same home, so you see the spread between them instead of one company’s number. That matters more in 2026, when a single iBuyer may pass on your home or send it to someone else anyway. Requesting offers is free, and you decide whether to sell.

Listing with an Agent

A traditional listing exposes your home to every buyer in the market, which usually produces the highest sale price for a home in good condition. You pay a commission you negotiate, closing costs, and whatever prep the house needs, and the timeline is less certain. Many sellers request cash offers first and use them as a floor while they decide whether to list.

Which iBuyers Are Still Active?

Two national iBuyers are left: Opendoor and Offerpad. The two other big names have exited.

• Zillow Offers: Zillow decided on November 2, 2021 to wind down its iBuying business, according to its quarterly filing.
• RedfinNow: Redfin decided to wind down RedfinNow on November 7, 2022 and announced it two days later, according to its SEC filing.

The other names on most lists, such as Orchard, Homeward and Knock, are buy-before-you-sell programs rather than iBuyers. For the wider field of cash buyers, see the best house buying companies.

How to Choose, and What You Will Actually Net

Pick the route by what matters most: speed, price, or buying first. Then compare offers on what you keep, not on the offer price. Here is how the math works on a home with a market value of $400,000.

Route	Offer or price	Fees and costs	What you keep, before repairs and payoff
iBuyer (85-100% of market value)	$340,000 to $400,000	5% service fee and about 1% closing costs: $20,400 to $24,000	$319,600 to $376,000
Investor (50-70% of after-repair value)	$200,000 to $280,000	Usually no service fee	$200,000 to $280,000
Listing with an agent	Set by the open market	Commission, closing and prep costs	Depends on your market and timeline

The iBuyer row uses Offerpad’s published 5% fee and 1% closing costs; Opendoor’s charge varies. Repair credits after the inspection come off every cash offer, and the investor row assumes the after-repair value equals today’s market value. For your own numbers, use the calculator below.

The spread inside each range is the reason to compare. On this home, the gap between a low and a high iBuyer offer is more than $56,000, which is why a second or third offer is worth the extra day it takes to get.

Frequently Asked Questions