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 | Homevestors of AmericaThe We Buy Ugly Houses? Company, America's #1 Home Buyer! |
Business Type
FranchiseMin Liquid Capital
$39,300 to $376,250Total Investment
$39,300 to $376,250Required Net Worth
$50,000Number of Units
170In Business Since
1996* For Current Info See:
Franchise Disclosure Document
Overview
If you live for the thrill of finding the perfect investment property
. . . relish the joy of turning a run-down house into prime living
space . . . long for the satisfaction of not only running your own
business, but making a living doing something you love, then
HomeVestors may be your perfect match.
Here's why:
To become a HomeVestors franchisee, you don't have to be a professional real estate investor – you just need the desire to be one.
Here's why:
- We're America's #1 Home Buyer, instantly recognized across the country as the "We Buy Ugly Houses®" company. This strong brand awareness, together with our powerful marketing strategy, generates a steady stream of leads.
- We offer financing for buying and rehabbing houses.
- We offer world-class training and support for you and your entire office staff.
- We provide you with a proven system for buying, rehabbing and reselling houses.
To become a HomeVestors franchisee, you don't have to be a professional real estate investor – you just need the desire to be one.
Products & Services
HomeVestors franchisees are professional real estate investors who specialize in buying and selling undervalued houses. Experts estimate this to be a $10 billion industry in the United States.
Most investors who buy undervalued real estate focus on the distressed market, including foreclosures and bankruptcies. HomeVestors has discovered a broader niche market of motivated sellers. These sellers are willing to sell their property at a substantial discount off retail value in exchange for quick cash and the convenience of selling as-is.
In addition to foreclosures and bankruptcies, situations that help to motivate a seller include:
Research shows that from four to six percent of all sellers fall under the category of "motivated."
Most investors who buy undervalued real estate focus on the distressed market, including foreclosures and bankruptcies. HomeVestors has discovered a broader niche market of motivated sellers. These sellers are willing to sell their property at a substantial discount off retail value in exchange for quick cash and the convenience of selling as-is.
In addition to foreclosures and bankruptcies, situations that help to motivate a seller include:
- Inheriting real estate located in another city and/or state
- An owner of rental property desiring to get out of the business
- Needing to raise quick capital for an investment or personal reason
- A property requiring an extensive number of repairs.
Research shows that from four to six percent of all sellers fall under the category of "motivated."
Training & Support
HomeVestors provides everything a real estate investor needs in order to be successful. In addition to the programs described above, HomeVestors franchisees have access to:- A nationally recognized brand and established image that draws motivated sellers
- Complete training and support programs
- Ongoing business development consultation and coaching with a Franchise Systems Manager
- Peer interaction at conventions, workshops, masterminds, and training events
- Internet access to key information on selling
- Ongoing research and development
- Referral programs to generate leads in other cities
- Vacant property insurance at group rates
- Capital to purchase and rehab properties
Why Homevestors of America?
HomeVestors has developed a system for investing in real estate
that has proven successful when it is followed accurately and
consistently. This system rests upon three guiding principles:
1. Continually find properties to buy.
HomeVestors has created a powerful lead generation program that directs sellers to you. The foundation of this program is our advertising and marketing strategy, which includes television, outdoor, radio, Yellow Pages, and Internet advertising, as well as targeted direct mail campaigns.
2. Make quick and accurate offers.
HomeVestors provides franchisees with proprietary repair evaluation software designed to determine how much a particular house is worth and what it will cost to rehab the house. You input the requested figures, and it helps you target fair and accurate pricing on purchase and rehab.
3. Close quickly.
HomeVestors franchisees can quickly and easily access funds for buying and rehabbing houses through corporate interim lending programs.
1. Continually find properties to buy.
HomeVestors has created a powerful lead generation program that directs sellers to you. The foundation of this program is our advertising and marketing strategy, which includes television, outdoor, radio, Yellow Pages, and Internet advertising, as well as targeted direct mail campaigns.
2. Make quick and accurate offers.
HomeVestors provides franchisees with proprietary repair evaluation software designed to determine how much a particular house is worth and what it will cost to rehab the house. You input the requested figures, and it helps you target fair and accurate pricing on purchase and rehab.
3. Close quickly.
HomeVestors franchisees can quickly and easily access funds for buying and rehabbing houses through corporate interim lending programs.
Are You a Good Fit for Homevestors of America?
The HomeVestors® franchise fee is $49,000, and includes training,
support, materials, and use of the very valuable "We Buy Ugly Houses"®
advertising campaign. In addition, there is a $495 monthly fee, a $775
transaction fee, and a $200 marketing fund contribution required for
each property purchased. A franchisee must spend at least $5,000 per
month on advertising. Candidates must have a minimum of $200K liquid
available net worth in cash, marketable equity securities, marketable
debt securities, or lines of credit. Of this amount, a minimum of $50K
must be cash.
