HomeVestors of America

HomeVestors of America
Franchise
Industry Real Estate
Headquarters Dallas
Key people
 Ken Channell and David Hicks
Website http://www.HomeVestors.com
HomeVestors franchise WFI Properties of Houston wins award at 2009 HomeVestors Annual Convention.

HomeVestors of America, Inc. is a privately owned U.S. real estate company that sells We Buy Ugly Houses franchises to investors.[1] The franchisees provide real estate services by buying homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Typically, HomeVestors franchisees then renovate and sell or rent them.[2] Franchisees hold the homes they purchase for six months on average.[3] The company operates in 45 states and growing.[4] With over 800 franchises and growing.[5] Parent company Franchise Brands LLC includes HomeVestors and the Subway sandwich restaurant franchise in its portfolio.[6]

HomeVestors headquarters is located in Dallas, Texas.[7] HomeVestors was selected for the annual SMU Cox School of Business Dallas 100 list of fastest-growing private companies based in Dallas seven times,[8] including the most recent ranking in 2016.[9]

History

Real estate agent Ken D'Angelo founded HomeVestors of America in 1989 and began franchising in 1996. Current management consists of Ken Channell and David Hicks, who are co-presidents of HomeVestors.[10][11]

After the slowdown in housing sales following the United States sub-prime mortgage crisis,[12] HomeVestors marketed its services to financially-distressed home owners who were facing foreclosures and looking for a quick sale.[10]

Rental property ranking

HomeVestors maintains a set of "Best Markets to Invest in Rental Property" rankings, launched in July 2011 to forecast the expected performance of rental real estate, particularly single-family homes. The intention is to allow real estate investors to accurately gauge local markets and how they relate to the national and international ones.[13]

References

  1. ↑ Palmeri, Chris (January 25, 2006). "Who buys those ugly houses?". Bloomberg BusinessWeek.
  2. ↑ Gibson, Richard. "Companies Offer Innovative Incentives to Lure Franchisees as Competition Grows," Wall Street Journal, August 26, 2008
  3. ↑ Steiner, Christopher (3 October 2005). "Diamonds in the Rough". Forbes. Retrieved 1 April 2017.
  4. ↑ "About HomeVestors". Retrieved August 3, 2017.
  5. ↑ "About HomeVestors". Retrieved August 3, 2017.
  6. ↑ "Our Portfolio : HomeVestors". www.franchisebrandsllc.com. Franchise Brands. 2014. Retrieved 1 April 2017.
  7. ↑ Bernstein, Fred A. (19 February 2006). "Looking for Eye-Catching Profits From Ugly Houses". The New York Times. Retrieved 1 April 2017.
  8. ↑ "SMU Search homevestors". www.smu.edu. Retrieved 1 April 2017.
  9. ↑ "SMU Cox Dallas 100™ Names Coppell-based VARIDESK the No. 1 Entrepreneurial Company in Dallas Area at 26th Anniversary Awards Banquet". www.smu.edu. 30 November 2016. Retrieved 1 April 2017.
  10. 1 2 Smith, Sandy (15 February 2017). "From Trash to Treasure: The Story of the Ugliest House in America". Philadelphia Magazine. Retrieved 1 April 2017.
  11. ↑ "HomeVestors of America Inc. Franchise Information". Entrepreneur. 1 September 2016. Retrieved 1 April 2017.
  12. ↑ Leland, John (22 October 2007). "Buyers Pounce as Homes Go on the Block". Gadsden Times. Retrieved 1 April 2017.
  13. ↑ Timiraos, Nick (11 July 2011). "The Top Markets for Rental-Home Investors". WSJ. The Wall Street Journal. Retrieved 1 April 2017.
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