HomeVestors Purchases 100,000th House
HomeVestors has purchased its 100,000th house, a landmark that further underscores the company’s position as America’s number one home buyer. As the largest professional house-buying franchise in the country with more than 1,100 independently owned and operated HomeVestors® franchises, the original “We Buy Ugly Houses®” company confirms that each of the 100,000 houses purchased since 1996 was done with a firm cash offer and fast closing.
The company has continued expanding using an approach that has yielded year-after-year, even as thousands of other investors have entered and exited the market. Growing from only 177 franchises in 2009, HomeVestors welcomed its 1,000th franchise less than 10 years later. Franchisees are trained and supported by the company, mentored by seasoned Development Agents, backed by the valuable HomeVestors® and We Buy Ugly Houses® national brands, and then supported with qualified leads.
Priding themselves on improving neighborhoods one house at a time, HomeVestors franchisees live and buy on Main Street. Houses purchased are generally rehabbed, then sold or held as investment properties, helping raise real estate values and helping to drive community revitalization.
“We see as many as half of other investors’ and iBuyers’ offers falling through, which isn’t surprising given how many investors we’ve seen come and go in the last two decades,” added David Hicks, CEO of HomeVestors. “Being able to now claim 100,000 houses purchased reinforces the reliability of our national brand, proven model, and contributions, not just to neighborhood improvement, but also to maintaining an affordable housing supply in communities across the country.”