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What's With The "We Buy Ugly Houses" Signs All Over The Place?
In recent years, the number of signs proudly proclaiming "We Buy Ugly Houses"
has started to appear everywhere. This unique advertising campaign was developed
in the early 1990's by a man named Ken D'Angelo. His vision was to focus on
recycling and reselling single family homes. Starting in Dallas, Texas, he
eventually expanded throughout the United States.
For individuals who wanted to sell their homes quickly and didn't mind
selling them at a discounted price, this program was a dream come true.
D'Angelo's company was willing to purchase the home, even if it was badly in
need of expensive repairs that the homeowner could not afford to make.
Franchise Opportunities
Some of the properties were resold to other
real estate investors and some were repaired and sold to new homeowners. This
process improved the quality of the neighborhoods in which the company operated
and generated so much positive publicity that many more homeowners began to
choose this route to get rid of substandard properties.
Because of the number of individuals interested in the program, D'Angelo
decided to turn his vision into a franchise operation, teaching other real
estate investors how to follow his formula to extract a profit from substandard
homes while improving neighborhoods and providing a much needed service to the
communities in which they operated.
HomeVestors
D'Angelo's company was named HomeVestors of America. It
provides training and support to real estate investors specializing in
properties that are in need of repair. Today, the company has more than 260
franchise locations across the United States and is constantly adding new
locations as homeowners with limited choices for their properties choose to use
the services provided by the company. Unfortunately, D'Angelo did not live to
see his vision become a nationwide reality. He was diagnosed with a deadly
cancer in September of 2004 and passed away soon after.
HomeVestors of America was the first franchise operation of its kind, but in
recent years many more individuals have entered the market to rehab and resell
distressed homes. Many real estate investors choose the "We Buy Ugly Houses"
system, because it allows them to find homes to purchase using a proven system
with a minimum of hassle. Homeowners generally come to them due to the creative
and aggressive marketing campaign created by the HomeVestors marketing team.
This creates a continuous flow of business for the individuals that purchase
a franchise. HomeVestors also allows franchisees to borrow funds to purchase and
repair their initial properties. Because of the system created by HomeVestors,
many real estate investors are able to create a thriving business by purchasing
and reselling distressed properties. Many homeowners can sell properties that
they would not be able to get rid of any other way, and many neighborhoods are
enhanced by the repaired properties and new homeowners that begin to appear.
This information was provided by the
Denver real estate specialist, Automated Homefinder specialist, Automated
Homefinder.
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We recommend
Giulietta Fox and Associates to represent you as a buyer or
seller of real estate in Southern Orange County, California
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