We just sold our house in Colorado through OfferPad and closed a few weeks ago. Overall, the process was smooth, and they did not change their base offer after inspection. They did request a few repairs/concessions, but everything was reasonable.
We also went through the process with Opendoor. The key difference was:
– Opendoor lowered their base price after review and still asked for concessions. Their “inspection” was basically a 10-minute Zoom call where I walked them through the house, followed by someone stopping by for exterior photos.
– OfferPad handled it in a more traditional way: contract > inspection > addendum.
In the end, OfferPad felt more like a normal transaction, while Opendoor was less shady but less thorough. For us, OfferPad worked fine, but the most important advice I can give is this: do not make an offer on your next home until after your inspection process is finalized. That’s where people can get burned.
I would use either company again depending on the circumstances, but I’d go in with eyes open.