{"id":1470,"date":"2018-09-26T14:52:00","date_gmt":"2018-09-26T14:52:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/09\/26\/exclusive-the-quiet-success-of-homevestors\/"},"modified":"2025-03-13T02:23:28","modified_gmt":"2025-03-13T02:23:28","slug":"exclusive-the-quiet-success-of-homevestors","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/09\/26\/exclusive-the-quiet-success-of-homevestors\/","title":{"rendered":"Exclusive: The Quiet Success of HomeVestors"},"content":{"rendered":"<p>In an industry where the word \u201cdisrupter\u201d is thrown around for every new business model out there, one firm has been quietly and stealthily growing\u2014<a href=\"http:\/\/www.homevestors.com\/\" target=\"_blank\" rel=\"noopener\">HomeVestors<\/a> of \u201c<a href=\"https:\/\/www.webuyuglyhouses.com\/denver\/we-buy-ugly-houses\/?utm_source=google-search&amp;utm_medium=cpc&amp;utm_campaign=843345051&amp;utm_term=we%20buy%20ugly%20houses&amp;utm_content=250337168320&amp;keyword=we%20buy%20ugly%20houses&amp;gclid=Cj0KCQjw3KzdBRDWARIsAIJ8TMTEsZTgG6vCL_S-CE-8fuRaeHQkC4UCmkI1UfQe1P3IjPJLL1dP0IgaAj6CEALw_wcB\" target=\"_blank\" rel=\"noopener\">We Buy Ugly Houses\u201d<\/a> fame. In just nine years, the company, based in Dallas, went from 165 to 1,000 franchises, independently owned and operated. Now in 164 markets nationwide, HomeVestors credits its rapid and sustained growth to interest in the real estate market coupled with the ongoing success of its nationwide HomeVestors\u00ae franchisees.<\/p>\n<p><!--more--><\/p>\n<p>You might call them the first <a href=\"realogy-enters-the-ibuyer-market-with-catalist-program\/\">iBuyer model,<\/a> although, says David Hicks, CEO of HomeVestors, \u201cWe are similar to an iBuyer model, but we\u2019re buying homes that model wouldn\u2019t buy. Some 80 percent of the homes we buy are built before 1980, are under 1,400 sq. ft. and have significant repair issues,\u201d says Hicks. \u201cPeople that sell to us are eager to arrange a quick transaction for cash but are not in possession of an asset [like one that] iBuyer would consider. We Buy Ugly Houses\u00ae franchises provide a needed service to sellers while also bringing the progress of real estate development to communities around the country.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-50182\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/AdobeStock_76182597-1.jpeg\" alt=\"cataLIST Program\" width=\"5520\" height=\"3827\"><\/p>\n<p>\u201cAnyone can hang a banner and offer a real estate investing seminar, but we provide franchisees with an approach that has yielded year-after-year without signs of abating,\u201d said Hicks. \u201cWe train and mentor our franchises, back them with the valuable HomeVestors, and We Buy Ugly Houses brands, and then we generate distressed property leads for them. It\u2019s that simple.\u201d And, adds Hicks, \u201cThere\u2019s always another batch of homes that turn 30 years old, so we\u2019ll always have inventory.\u201d<\/p>\n<p>While the company has been franchising since 1966, growth has accelerated in the past nine years. \u201cHaving the marketing that we do create leads. We\u2019ve evolved so that we can identify and target houses now. Also, with social media, we have a lot of people see how easy it is to sell a house through us,\u201d he says. \u201cWe\u2019ve grown fast but steady.\u201d Besides, he says, many of the homes we buy are homes that most real estate professionals don\u2019t want to list.<\/p>\n<p>HomeVestors is America\u2019s largest home buyer, having purchased 85,000 houses as of early 2018, and averaging about 8,000 houses purchased each year. The houses are deemed ugly in advertisements, with the term applying not just to condition, but also to the ugly situations that sellers may find themselves in. Houses purchased by HomeVestors franchisees are rehabbed, then sold or held as investment properties, helping raise real estate values in the markets served and helping drive community revitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an industry where the word \u201cdisrupter\u201d is thrown around for every new business model out there, one firm has been quietly and stealthily growing\u2014HomeVestors of \u201cWe Buy Ugly Houses\u201d fame. In just nine years, the company, based in Dallas, went from 165 to 1,000 franchises, independently owned and operated. Now in 164 markets nationwide, [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Exclusive: The Quiet Success of HomeVestors<\/title>\n<meta name=\"description\" content=\"In an industry where the word \u201cdisrupter\u201d is thrown around for every new business model out there, one firm has been quietly and stealthily growing\u2014HomeVestors of \u201cWe Buy Ugly Houses\u201d fame. 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