(VeteransFranchise.com) - By 127. Updated Nov 20, 2019
NEW JERSEY (JANUARY 28, 2019) – After welcoming its 1000th franchise last year, HomeVestors®, the third fastest-growing franchise in America, is continuing to see significant growth and opportunity in multiple New Jersey markets. The We Buy Ugly Houses® company has 27 local independently owned and operated franchises that are helping drive improvement of several neighborhoods, as well as providing business opportunities for investors.
“We generally buy the houses nobody else wants and turn them into valued assets to our community,” said Bill McKenna, a local franchise development agent for HomeVestors/ We Buy Ugly Houses. “The individuals and families 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 began franchising in 1996 and is America’s largest home buyer. Since 1996, the company has purchased 85,000, and averages about 8,000 houses purchased each year. The houses are deemed “ugly” in advertisements, with the term applying not just to the condition, but also to the ugly situations sellers may find themselves in. More than 80 percent of houses purchased by HomeVestors franchisees are less than 1,400-square feet and were built before 1980. Houses purchased are generally rehabbed, then sold or held as investment properties, helping raise real estate values and drive community revitalization.
“Few builders are selling new single-family homes for less than $300,000,” added David Hicks, CEO of HomeVestors. “But franchises like those locally are reintroducing properties that might not otherwise be available, delivering a supply of desirable homes that first-time buyers can reasonably afford.”
HomeVestors reached the 1,000 franchises milestone in 2018 just nine years after it had only 165 franchises. With franchises now operating in 168 markets nationwide, HomeVestors has been nationally recognized and ranked several years running with top industry sources like the Inc. 5000, Entrepreneur Magazine, Franchise Business Review, and Franchise Times.
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 85,000 houses bought since 1996. HomeVestors® recruits, trains and supports its more than 1,000 independently owned and operated 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 168 markets. The company ranked on the 2018 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 number 37 on the Franchise 500 by Entrepreneur Magazine. For more information, visit www.HomeVestors.com.
