Offerpad’s extended stay

You will be required to sign a post-possession agreement. The title company or attorney’s office who is handling your closing will hold back $3,000 from your funds from sale until the condition of the home is verified at the post-possession walk-through. Offerpad is expecting the home to be in the same condition as what is required of our final wal- through inspection.

For example, if your closing date is on the 6th of the month, you will have until 7:00 pm on the 9th to completely vacate the home. Once the condition of the home is confirmed, the title company or attorney’s office will release the holdback funds back to you. Please be aware that the funds will be released as soon as possible, however sometimes due to weekends or holidays, they may not be wired to your account until the next business day.

You have until 7:00 pm local time on the last day of your post-possession agreement. For example, if you sign a 3-day post-possession addendum and we purchase your home on the 6th of the month, you will have until 7:00 pm local time on the 9th to completely vacate the home.

Once the condition of the home is confirmed, the title company or attorney’s office will be authorized to release the holdback funds back to you. Please be aware that the funds will be released as soon as possible, however sometimes due to weekends or holidays, they may not be wired to your account until the following business day.

We are unable to extend this program any longer than 3 days, as it is important for us to begin any renovations or rehab on the property as soon as possible. However, please remember that your closing date is flexible and can be adjusted before closing if needed to accommodate your schedule.

Your home needs to be completely clear of all personal belongings and any trash. This includes the interior of the home, exterior and garage. You should leave behind any house keys, mailbox keys, garage door opener(s), ceiling fan remotes and anything else that we might need to operate the home.