America's #1 Home Buyer
DALLAS, Sept. 30 // PRNewswire // -- HomeVestors® of America, Inc., known as the "We Buy Ugly Houses®" company, announced that seven new franchisees have joined its franchise network of independently owned and operated professional real estate investors who specialize in buying single-family residential properties at a discount and rehabbing them, improving communities across the country.
Seven new franchises joined the HomeVestors network in seven markets across the United States:
HomeVestors has about 200 franchises in 33 states. Approximately 30% of existing single-family homes purchased nationally each year are bought by real estate investors, according to Personal Real Estate Investor magazine.
"The potential of our new franchises to succeed in the real estate investment market is great," said David Hicks, co-president of HomeVestors of America. "As local franchisees for HomeVestors, the 'We Buy Ugly Houses' company, they are buying houses from people who often are in difficult situations and need cash. This improves the lives of people and the local real estate markets."
HomeVestors franchisees benefit from a comprehensive training program supplemented by continuing education; ongoing support and a Development Agent for coaching in daily operations; a comprehensive operating system and proprietary property evaluation system; access to financing if the property complies with the underwriting criteria; national vendor relationships providing economy of scale savings; and the most recognized real estate investing brand in the world, "We Buy Ugly Houses." Each HomeVestors franchise is independently owned and operated.
Dallas-based HomeVestors of America, Inc. was incorporated and began franchising in 1996. The first franchise company of its kind, with about 200 franchises in 33 states, HomeVestors trains and supports franchisees that specialize in buying distressed properties at a discount and rehabbing those properties to make them nice again. Most commonly known as the "We Buy Ugly Houses" company, HomeVestors strives to make a positive impact in each community. HomeVestors franchisees are the #1 buyer of houses in the U.S.
In 2009, for the fourth consecutive year, HomeVestors was among the prestigious Franchise Business Review's "Top 50 Franchises," a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.