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

Offerpad Solutions Inc. (NYSE:OPAD) is one of the hot penny stocks to invest in now. On 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.

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.

While we acknowledge the potential of OPAD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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