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 OpportunitiesSome 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.

HomeVestorsD'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.