HomeVestors Bought 10,000 Houses in 2020, Generating Sales of $1.4 Billion
While the total number of houses was about 14 percent less than anticipated due to the pandemic, overall, franchises’ average sale price for houses was over ten percent more than the previous year’s average sale price.
“We never stopped buying houses, and nobody knew what the impact on real estate would be in March. But, a funny thing happened—March and April were some of our best-selling months,” said David Hicks, CEO of HomeVestors.
“Franchises were quickly listing properties to avoid them not selling in the case of a crash, and those houses sold for top dollar. Across the network they discovered that there was no fear of selling because the people buying in our part of the market are always looking. And, as soon as a market trend or behavior becomes even the slightest bit predictable…
HomeVestors of America Named a “Top Growth Franchise” by Entrepreneur Magazine
Recognizing the 150 companies with the greatest positive franchise unit growth in North America over a three-year period, the Top Growth Franchises list is based on data submitted for Entrepreneur’s Franchise 500® ranking.
“We purchased our 100,000th house this last year, further cementing our position as America’s number one homebuyer,” said David Hicks, CEO of HomeVestors®.
“Our continued growth shows not only the strength of our model, but also the entrepreneurial spirit of the thousand-plus hardworking independently owned and operated franchisees around the country that represent us every day by improving houses, and ultimately, communities. We’ve built our brand over more than 20 years of promises kept to homeowners needing a reliable and convenient way to sell their homes.”
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HomeVestors® / We Buy Ugly Houses® Continues Buying Houses Using Virtual Consultations
HomeVestors is the only nationwide home buyer that has weathered several national and regional crises since the company began franchising in 1996, HomeVestors feels obligated to ensure that the valuable service they provide remains available to the communities where its more than 1,100 franchises live and work.
“We are still personally interacting with sellers to buy houses, as well as continuing to train new franchises, but doing so virtually because we are committed to the safety of both our franchises and sellers,” said David Hicks, CEO of HomeVestors. “We feel a great responsibility toward helping our franchises know how best to function in this new environment, and are using technology and video to bring them not just together with each…