Offerpad was founded in July 2015 by Brian Bair, Jerry Coleman, and Scott Simonson. Brian Bair currently serves as the Chairman and CEO, having launched the company to simplify the home buying and selling process. Jerry Coleman co-founded the company with Bair, leveraging their backgrounds in real estate to create the "iBuyer" platform. In 2021, Offerpad became a publicly traded company via a merger with Supernova Partners Acquisition Company, Inc. (a SPAC), and its stock began trading on the New York Stock Exchange under the ticker OPAD.