HomeVestors of America

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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 30 states,[4] with 280 franchises as of December 2016.[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.[4] HomeVestors was selected for the annual SMU Cox School of Business Dallas 100 list of fastest-growing private companies based in Dallas seven times,[7] including the most recent ranking in 2016.[8]

History[edit]

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.[9][10]

After the slowdown in housing sales following the United States sub-prime mortgage crisis,[11] HomeVestors marketed its services to financially-distressed home owners who were facing foreclosures and looking for a quick sale.[9]

Rental property ranking[edit]

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.[12]

References[edit]

  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. ^ a b Bernstein, Fred A. (19 February 2006). "Looking for Eye-Catching Profits From Ugly Houses". The New York Times. Retrieved 1 April 2017. 
  5. ^ "HomeVestors of America". Top Franchises by Franchise Business Review. Retrieved 1 April 2017. 
  6. ^ "Our Portfolio : HomeVestors". www.franchisebrandsllc.com. Franchise Brands. 2014. Retrieved 1 April 2017. 
  7. ^ "SMU Search homevestors". www.smu.edu. Retrieved 1 April 2017. 
  8. ^ "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. 
  9. ^ a b Smith, Sandy (15 February 2017). "From Trash to Treasure: The Story of the Ugliest House in America". Philadelphia Magazine. Retrieved 1 April 2017. 
  10. ^ "HomeVestors of America Inc. Franchise Information". Entrepreneur. 1 September 2016. Retrieved 1 April 2017. 
  11. ^ Leland, John (22 October 2007). "Buyers Pounce as Homes Go on the Block". Gadsden Times. Retrieved 1 April 2017. 
  12. ^ Timiraos, Nick (11 July 2011). "The Top Markets for Rental-Home Investors". WSJ. The Wall Street Journal. Retrieved 1 April 2017. 

External links[edit]