(VeteransFranchise.com) - By 127. Updated Nov 20, 2019
OHIO (AUGUST 2019) – HomeVestors has purchased its 100,000th house, further highlighting the company’s role as America’s number one home buyer. With 37 independently owned and operated franchises in Ohio alone, the original “We Buy Ugly Houses®” company is the largest professional house-buying franchise in the country with more than 1,100 franchises in 174 markets nationwide. Ohio HomeVestors® franchisees currently operate in Cincinnati, Cleveland, Columbus, Dayton, Toledo, and Union County.
“We buy houses nobody else wants and turn them into assets that are valued by our local communities here in the Midwest,” said Dustin Ruhl, the local franchise development agent for HomeVestors. “The individuals and families here in Ohio that sell to us are not only eager to arrange a quick transaction for cash, but are also not in possession of an asset other buyers might consider. We pride ourselves on providing a needed service to these sellers while also bringing the progress of new development and an affordable housing supply to the communities where we live and work.”
HomeVestors has continued growing using an approach that has driven significant growth year-after-year, even as thousands of other investors have entered and exited the real estate investment market. Under chief executive officer David Hicks, the brand has grown from only 177 franchises in 2009 to more than 1,100 franchises today. Franchisees are trained and supported, mentored by seasoned development agents, backed by the valuable HomeVestors® and We Buy Ugly Houses® national brands, and ultimately supported with qualified lead generation.
The houses HomeVestors franchisees purchase are deemed “ugly” in advertisements, with the term applying not just to their condition, but also to the ugly situations sellers may find themselves in. More than eighty percent of houses purchased by HomeVestors franchisees are less than 1,400-square feet and were built before 1980. Houses are generally rehabbed, then sold or held as investment properties, helping raise real estate values and drive revitalization.
“Few builders are selling new single-family homes for less than $300,000,” continued Hicks. “But HomeVestors franchises like those here in Cincinnati, Cleveland, Columbus, Dayton, Toledo, and Union County are reintroducing properties that might not otherwise be available, delivering a supply of desirable homes that first-time buyers can reasonably afford.”
About HomeVestors of America, Inc.
Dallas-based HomeVestors of America, Inc. is the largest professional house buying franchise in the U.S. with more than 100,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,100 independently owned and operated HomeVestors® franchisees that specialize in building businesses based on buying, rehabbing, selling, and holding residential properties. Most commonly known as the 'We Buy Ugly Houses®' company, HomeVestors strives to make a positive impact in each of its 174 markets. The company ranked on the 2019 Inc. 5000, has appeared for 12 consecutive years on the prestigious Franchise Business Review's 'Top Franchises,” and for six years on the annual Dallas 100. HomeVestors was also recognized in 2018 as the third fastest-growing franchise in America on the Franchise Times Top 200, as the 20th fastest-growing franchise by Entrepreneur Magazine, and in 2019 ranked 30th on Entrepreneur’s Franchise 500. For more information, visit www.HomeVestors.com.
